Why the Dollar Rules the World — And Why Its Reign Could End

“The US dollar came to rule the world in the wake of two world wars. But back then, the dollar’s hegemony was based on a solid foundation of savings and capital accumulation. But today, the dollar’s growth is based on huge piles of debt.”

https://mises.org/wire/why-dollar-rules-world-%E2%80%94-and-why-its-reign-could-end