by Peter Zeihan on January 3, 2023
If I had a nickel for every time I heard someone say the U.S. Dollar was going to collapse…I could probably draw Thomas Jefferson’s face from memory.
For a global currency to exist, there are a few “gotta-haves”. That country must be able to back up its currency (in the muscle type of way, not the gold bars kinda way), run a trade deficit, and have a s**t-ton of it (I believe that is the technical term).
So consider those factors, and voila – your list of potential global currencies comes to a whopping 1 – USD.