The Dollar's Reserve Status: What You Need to Know
I discuss the decentralized revolution and how the world is changing through politics, finance, and technology. The world is changing quickly, and we have a lot to talk about today, including the dollar losing its reserve status and oils being traded in currencies other than the US dollar. The US dollar has been the global superpower and reserve currency since 1944, but now it is losing its reserve status, which means it will no longer be the currency that other countries use to conduct international trade. This is important because it affects everyone’s purchasing power and money in the bank. The world is transitioning from a unipolar world to a multipolar world, and the US is no longer the only superpower. England and France were once superpowers, and the pound sterling was the reserve currency before the US dollar. After World War II, the US had most of the world’s gold and became the new superpower and reserve currency. However, the world is changing again, and we need to understand what’s going on.See omnystudio.com/listener for privacy information.