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http://business.financialpost.com/2013/10/15/us-dollar-supremacy-decline/
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In today's world, the U.S. dollar currently serves as the monetary standard when it comes to international trading and business. It is the form of currency that traders and investors alike look to when they desire a secure and credible form of currency with which to use in an international market. However, due to the declining value of the dollar, the days in which this is the standard may be coming to an end. The unpredictability and insecurity of the dollar's future has traders nervous, and looking for a new means of secure currency. Currently, the dollar holds the majority of the world's exchange reserves, along with being responsible for around 80 percent of the world's exchange trading. The only major factor holding back the dethroning of the dollar as the global reserve currency is the lack of a suitable alternative that the market can agree on. Regardless, the dollar is in serious trouble in the international market, and things are getting worse as more time goes by.
The fact that the dollar is being threatened with removal as the global reserve currency and the international standard shows just how bad the current situation is. If this trend continues, it may not be long before the dollar is no longer the international standard for currency, which could plunge the United States into a very unsettling situation. Something needs to be done soon, otherwise, the future will look to be a very humbling time for the United States and the global economy.
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