USD will crash, but only after all other fiat currencies crash. USD will be the last one standing before it gives up the ghost (so to speak).
Will USD merely switch media and go from physical media (paper and coins) to digital (as in CBDC)? Will USD be replaced by a rival? (CNY is the odds-on favorite, but that isn't a given.)
Will USD be murdered by trading partners who hold grudges? Will USD be killed by its own controllers?
Whatever happens to fiat currencies and USD over the next few years, USD is toast-- but only after all others fall.
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You are treating USD as a currency. When most of the USD is in the form of other assets, it no longer is a currency. Hence, it has taken on proportions that we have never seen before.
The currency will fail but the unit of account might not. It is more like a measurement these days.
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This is true. And I had been referring to USD as a currency.
It does double-duty as a unit of account as well. A unit of account is similar to a weight or a distance. As a unit of account, USD may as well be like a kilogram or a mile. This will continue just out of habit. But the currency will fail some day.
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