Dibbler
Guardian
- Joined
- Sep 1, 2020
- Posts
- 322
I think with the USD that the largest hurdle it needs to navigate in mid future is the currency strength derived from the petro-dollar.
As well as some oil producers now accepting Yuan, we also have a concerted move to Electric and other none fossil fuel alternatives reducing demand for oil/gas over the next 15-20 years (which will surely affect $ value as a good part of it's strength derives from oil demand/trade).
The IMF were looking at a basket of currencies as one option for world trade already along with other options, but been a while since i relooked at that.
USD will be fine for next 10 or so years i think as petro-dollar trade still strong, after that i would guess is down to how oil demand faltering in future is managed by the US.
I don't think we would see hyper-inflation in the US, but again depends on US fiscal policy, along with world events and strength of Yuan.
As well as some oil producers now accepting Yuan, we also have a concerted move to Electric and other none fossil fuel alternatives reducing demand for oil/gas over the next 15-20 years (which will surely affect $ value as a good part of it's strength derives from oil demand/trade).
The IMF were looking at a basket of currencies as one option for world trade already along with other options, but been a while since i relooked at that.
USD will be fine for next 10 or so years i think as petro-dollar trade still strong, after that i would guess is down to how oil demand faltering in future is managed by the US.
I don't think we would see hyper-inflation in the US, but again depends on US fiscal policy, along with world events and strength of Yuan.