The USD is truly a force to reckon with, although it seems to be there's an actual agreement though, I came across an article that was describing what will happen after the USA election and how stock prices will fall 50% and all of that in the article, was about the predictions of Jim Rickards where he talks about the final collapse of the USD and he said a little on petrodollar.
The thing here is, he is well known in the field of economics. The truth is the confidence the dollar is based on its economic assets which are much, stripping them all at once will harm us, the collapse of the dollar if there is one will be a step by step process which will take years to achieve. Thanks for sharing.
I dont take this as a positive. And Rickards is a gold bug, beating the same drum for years.
Actually the dollar is more than just the economic assets tied to it. It is actually all the activity tied to it. When you look at the liquidity, depth, derivatives, and sophistication, it is unrivaled.
It is the only international currency with the euro being second, operating on a regional basis.
That's all true, going for more research on how currencies works.