[https://www.marketwatch.com/story/nouriel-roubini-says-reports-of-the-dollars-demise-are-greatly-exaggerated-11598282130?mod=home-page#cx_testId=101&cx_testVariant=ctrl&cx_artPos=7](https://www.marketwatch.com/story/nouriel-roubini-says-reports-of-the-dollars-demise-are-greatly-exaggerated-11598282130?mod=home-page#cx_testId=101&cx_testVariant=ctrl&cx_artPos=7) Nouriel is my counter indicator. I was on the fence about the USD and its fate...but after reading this, Im 100% short dollars.

While the dollar’s position is safe for now, it faces significant challenges in the years and decades ahead. True, neither China’s economic system (state capitalism with financial controls) nor its technocratic-authoritarian political regime has much appeal in the West.

NEW YORK (Project Syndicate)—The recent sharp depreciation of the U.S. dollar BUXX, -0.12% has led to concerns that it may lose its role as the main global reserve currency. After all, in addition to the Federal Reserve’s aggressive monetary easing—which threatens to debase the world’s key fiat currency even further—gold prices GOLD, -1.16% and inflation expectations have also been rising. [@killedbybtc](/user/profile/killedbybtc) But, to paraphrase Mark Twain, reports of the dollar’s early demise are greatly exaggerated. The dollar’s recent weakness is driven by shorter-term cyclical factors. In the long run, the situation is more complicated: the dollar has both strengths and weaknesses that may or may not undermine its global position over time.

With the presence of Cryptocurrency I think the dollar is gradually losing it foothold

Hard to stomache Nouriel's never ending, uncompromising and highly emotional bitcoin bashing...I could undertand his take with regard to most crypto, but he just sounds like an ignorant old man when he hates on the corn. His legacy market takes apparently hold more merit.

Down Vote You? Sure!