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Talking to Tony on Why if Trump wins the War on Trade the US$ is doomed as global reserve currency
#US$ Safe Haven Flows#US$ as Global Reserve Currency
Talking to Tony on why if Trump wins the War on Trade, the US$ is doomed as global reserve currency. Of course, lack of trust in the US, alienation of allies and the damage to US economic performance would all play a role. But mechanically smaller US current account deficits will leave the faster growing parts of the world short of a reserve and trading currency to finance their international trade. Will the replacement be the Euro, the RMB or the SDR if the US exits the IMF.