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seneca983
Zeihan on Geopolitics
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Comments by "seneca983" (@seneca983) on "Global Currency: The Dollar Ain't Going Nowhere" video.
4:35 While I broadly agree with your take (though not all details) I don't think this particular point makes sense. Demographics don't for the Eurozone to run a trade surplus; the trade balance of the Eurozone is in fact in the negative. I'd say the Euro could function as a global currency (and to a degree it does) but the US economy is bigger and the US Dollar has an established status so it ends up being used much more. (Of central bank forex reserves US dollar has about 3x bigger share than the Euro.)
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