In recent years, it's become conventional knowledge that the dollar's status as the world's reserve currency is under threat. In his new book, Currency Wars: The Making of the Next Global Crisis, James Rickards makes a compelling case for, not just why the dollar will lose its reserve status, but how.
In the book and the accompanying video, Rickards, a veteran investment banker and hedge fund manager, describes four different scenarios by which the dollar will lose its reserve status, which he calls the "Four Horsemen of the Dollar Apocalypse":
I think eventually they will have to return to a gold backed currency. When the dollar collapses (and it will its just a matter of when) people wont give up their precious metals for another FIAT currency. Nobody is going to accept another fiat currency to replace a failed fiat currency.
rei9707 3 months ago 2