I think we agree that the process will be a gradual one rather than a series of lightning strikes (although the rapid erosion of both hard and soft power, economic and otherwise, over the last few months is discouraging), and certainly as you point out, of the value of the dollar may not correlate with its supremacy as a reserve. Furthermore, precedent, most notably with the British pound’s dethroning as the world’s reserve currency, and subsequent resilience in spite of same, reinforces your point.
I would happily research any further specific suggestions you might have as far as hedging and diversification.
Thoughtful and thought-provoking response.
I think we agree that the process will be a gradual one rather than a series of lightning strikes (although the rapid erosion of both hard and soft power, economic and otherwise, over the last few months is discouraging), and certainly as you point out, of the value of the dollar may not correlate with its supremacy as a reserve. Furthermore, precedent, most notably with the British pound’s dethroning as the world’s reserve currency, and subsequent resilience in spite of same, reinforces your point.
I would happily research any further specific suggestions you might have as far as hedging and diversification.