Over the last 20 to 30 years there has been constant speculation that the status of the U.S. dollar as the world’s primary or even sole reserve currency might be challenged or displaced by the Euro, China’s Renminbi, or perhaps even cryptocurrency. And yet just now, with global uncertainty, out of control inflation, and reliable energy priced in dollars, we see that the dollar is proving the Aragorn of currencies: behold the Return of the King (Dollar)!
Here’s a longer term perspective:
Notice: All comments are subject to moderation. Our comments are intended to be a forum for civil discourse bearing on the subject under discussion. Commenters who stray beyond the bounds of civility or employ what we deem gratuitous vulgarity in a comment — including, but not limited to, “s***,” “f***,” “a*******,” or one of their many variants — will be banned without further notice in the sole discretion of the site moderator.