Yeah, same here. I still think it will take a lot more time to dethrone the dollar.
People are also not considering all the failed states who will demand dollar, since it will also become their de-facto official currency. It started with Lebanon which is inconsequential, but once Turkey moves onboard and uses Dollars instead of Lira, Egypt, and few more south American countries, it will prop the dollar up and increase its shelf life.
Yeah, same here. I still think it will take a lot more time to dethrone the dollar.
People are also not considering all the failed states who will demand dollar, since it will also become their de-facto official currency. It started with Lebanon which is inconsequential, but once Turkey moves onboard and uses Dollars instead of Lira, Egypt, and few more south American countries, it will prop the dollar up and increase its shelf life.