Exactly, it’s a self reinforcing process with more countries fleeing the currency as confidence collapses. And having a global reserve underpins the US fiscal policy, if the demand for the dollar drops dramatically then it’s almost certainly will lead to a domestic economic crash.
Exactly, it’s a self reinforcing process with more countries fleeing the currency as confidence collapses. And having a global reserve underpins the US fiscal policy, if the demand for the dollar drops dramatically then it’s almost certainly will lead to a domestic economic crash.