No currency in history has had as much reach as the United States dollar. It’s the currency that sets the standard for all others in the world. Any other currency that’s collapsed in the past has been regional, none have been global and the repercussions of the U.S. dollar collapsing are unimaginable.
We no longer live in a world where America leads or is strong enough to set global policies. Putin has moved Russia to the forefront of world influence with China, Iran and Saudi Arabia also being geopolitical forces. Any of these countries can make to push to bring the U.S. dollar down and if the dollar collapses, all other fiat currencies will also fall, which’ll lead to the collapse of all paper assets.