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revolt against the dollar and the rise of a new
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The dollar's status as the world's preeminent currency,
together with the U.S. military, has underlain American power
since World War II. In a sweeping review of one of the most
seminal yet least noticed developments in international affairs,
Gal Luft and Anne Korin describe how an emerging coalition of
revisionist countries, rogue governments, techno-visionaries
and sanctioned entities, buttressed by innovations like
blockchain and 5G, are working to push the dollar off of its
reserve currency throne.It would not be the first time.
Preceding the dollar, five consecutive currencies, each
belonging to a superpower of the time, ruled the markets. Each
predominated for roughly 80-100 years, and as it tumbled to
irrelevance it accelerated the decline of the empire behind
it.Are we due for a rerun?The slow moving shift from the dollar
may be the single most important factor determining the future
of American power. Arresting this trend will require Americans
to make tough choices.Luft and Korin are co-directors of the
Washington, DC-based Institute for the Analysis of Global
Security (IAGS).
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https://maburkanginan.blogspot.com/?good=168647959X The
dollar's status as the world's preeminent currency, together
with the U.S. military, has underlain American power since
World War II. In a sweeping review of one of the most seminal

yet least noticed developments in international affairs, Gal Luft
and Anne Korin describe how an emerging coalition of
revisionist countries, rogue governments, techno-visionaries
and sanctioned entities, buttressed by innovations like
blockchain and 5G, are working to push the dollar off of its
reserve currency throne.It would not be the first time.
Preceding the dollar, five consecutive currencies, each
belonging to a superpower of the time, ruled the markets. Each
predominated for roughly 80-100 years, and as it tumbled to
irrelevance it accelerated the decline of the empire behind
it.Are we due for a rerun?The slow moving shift from the dollar
may be the single most important factor determining the future
of American power. Arresting this trend will require Americans
to make tough choices.Luft and Korin are co-directors of the
Washington, DC-based Institute for the Analysis of Global
Security (IAGS). ================*================
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