The USD is the worldwide reserve currency .... Each central bank in the World needs to back its own currency with USD. That s the bad but current paradigm in our monetary system ....
So, other countries need to sell cheap products in the US in exchange of USD .... It means USA MUST be have a deficit in the ratio import/export !!!! .... This monetary paradigm is based on the US trade deficit.
President-elect Trump shows a huge will to create factories and employment INSIDE the USA ... to boost exportations of "US made" goods !!
it can have a good social effect in short terms, but it will kill the Worldwide monetary system ..... no more USD abroad means no more credibility for others currencies .... based only on the trust. So no consumers for US goods ....
A National currency can t be an international currency !!!! SDRs are a bit Untangible, Gold market is tricked ...
How will be the future of the monetary system ????
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