So, if the United States does not make a mistake on its own, I would say the risk of the U.S. dollar being dethroned in our lifetime, I would say is very minimum.

The dollar’s status as the leading reserve currency has been called the “exorbitant privilege” of the United States, a phrase coined by former French Finance Minister Valery Giscard d ...

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The global hegemony of the U.S. dollar also gives the United States government the power to impose far-reaching and effective sanctions on its adversaries, a powerful foreign policy tool.

The dollar’s dominance stems from the demand for it around the world. Foreign capital flows into the United States because it is a safe place to put money and because there are few other alternatives.