Collapse of US Dollar as World Reserve Currency

The Global Technological System (GTS) began to collapse in 2008. Decisions made by American elites, such as Zero Interest-Rate Policy and Quantitative Easing, have accelerated this collapse. Now the US dollar will soon lose its status as the world’s reserve currency. The consequences will be unpleasant. Patrick Barron, in an article entitled “Why It Matters If the Dollar Is the Reserve Currency,” (July 3, 2015), tells us why.