The Loss of Dollar Hegemony
By Rod Brana 4 April 2023 At the end of World War II, the US emerged as the only power without wholesale destruction of its cities and towns, with its manufacturing at its peak, and its infrastructure unscathed. This position of dominance was further enforced and cemented by the US dollar becoming the currency of trade and reserve that is the basis of economic activity in the world. The advantage of having the dollar, which the US could “print” (now...