The dollar being the primary global currency has enormous benefits for the US. But if the US abuses its privilege too much by bullying, there will eventually be a switch. with
Coverage of the implications of a currency war with China confuses more than enlightens. Currency wars are bad, but claiming (as does piece below) that a dispute between the US and China could lead to the abandonment of the US$ as reserve currency is crazy
Adam Posen, president of the Peterson Institute for International Economics: “...if the U.S. abuses its privilege too much by bullying, there will eventually be a switch.” via ⁦
If the US abuses the privilege of the dollar being the primary global currency too much by bullying, there will eventually be a switch, predicts.
RT : If the US abuses the privilege of the dollar being the primary global currency too much by bullying, there will eventually be a switch, predicts.
What’s at Risk if the U.S. Stumbles Into a Currency War