logoalt Hacker News

parsimo2010yesterday at 5:08 PM0 repliesview on HN

And to add on (rather than edit my comment), I think the saving grace that keeps USD around for a while longer is the last section of the article, "Deposit dollarization in emerging markets"

A lot of growing economies don't/can't trust their local currency and they overwhelmingly use USD instead of EUR or CNY. As those economies grow the USD gets a boost that will sustain it for a while over the increasing competition of CNY. But this can't sustain it forever and the US is not doing anything to offset the lost ground in global trade and forex reserves.