The world
can't easily reject the dollar as the world's reserve currency, but it doesn't have to. As is slowly uses more currencies for trade, dollars will come back to America and produce inflation.
"History repeats because the passions driving mankind never change."
Profound.
"True, dollars were being shipped out of the United States in
record amounts, not only through transactions in the drug trade and
illegal economy, but also through the Federal Reserve Bank of New
York, in collaboration with Citibank and Republic National Bank of New
York of Edmond Safra."
So the drug trade is a powerful support for the dollar like oil. The war in Afghanistan makes much more sense now.
"The dollar is by no means going to fade away. China will not replace the
dollar as a reserve currency until debt is no longer used as reserves
by nations. There is a separate and distinct difference between the
currency being used in trade and the currency being used to store
wealth. They do not have to be the same thing and are entirely two
different animals."
This is why the US wants Americans to buy drugs in dollars.
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