De-Dollarization: Can The US Dollar Truly Collapse?
The US dollar has become one of the most scrutinized currencies in the world. With elements like de-dollarization and movements propagating the US dollar dumping catching pace, it’s evident how the USD has now attracted diverse inimical foes. With alliances like BRICS and ASEAN pioneering a way to ditch the US dollar by promoting local currency usage, will they ever succeed in their endeavours to dump the US dollar? It does not appear so. Also Read: Cryptocurrency Domain Gains New Ally As Kamala Harris Steps In Why The US Dollar Is Indestructible Image Source: Watcher Guru Constant Price Volatility And Consumer Faith For a currency to collapse, it needs constant price volatility. Above all, it collapses when consumer faith in the currency dissipates holistically. In simpler terms, currencies suffer gravely when they note a considerable drop in their usefulness or their store of value-related metrics. The developments above can spur for multiple reasons, primarily political and eco...