https://www.thebalance.com/when-will-the-u-s-dollar-collapse-3305691 Could the dollar have a huge…
Will the U.S. Dollar Collapse? How and When That Could Occur
A dollar collapse is when holders of dollar-denominated assets sell them at any price. What could create a collapse and when that might occur?
Could the dollar have a huge decline, if it is used for only 50% of cross border trade and 61% of global reserves? A commodity at Walmart might be stockpiled (reserves) but suffer loss in value if customers reduce purchases (trade using dollars). I am reminded of false predictions in the WSJ before 2008 - that Americans had lots of assets to prevent a collapse but deflation hit those assets hard, at the time. Similar to confidence in the dollar, I wonder - as it gets replaced in currency swaps.