Is doomsday finally here? For decades, pundits have warned the dollar’s days as the “global reserve currency” are numbered. They say losing it will render America’s ballooning debt unaffordable. Now they claim global greenback reserves’ hitting 25-year lows and China’s new digital yuan prove the end is nigh. So is it time to ditch your dollars before spiking interest rates spark a debt debacle? No. A slightly smaller slice of the global forex pie won’t dent the dollar’s status—which confers no material financial benefits anyway. Don’t fear other currencies’ rise. Cheer it.
Read Full Article »
