by Peter Zeihan on November 7, 2024

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I’ve said it before and I’ll say it again, the US dollar ain’t going nowhere. There’s simply no other currency with the volume or liquidity to fill the shoes of the dollar.

Everyone seems to be obsessed with a BRICS currency takeover, but even at the BRICS summit they shot that down. A euro replacement was possible at some point, but the financial crises and close sanctions coordination between the US and EU shot that option down as well.

Even the country who would love to see the US dollar fall more than anyone – Russia – can’t function without the US dollar. So, if anyone is telling you to get rid of your USD, you can politely tell them to kick rocks.

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