Ginn & Beauchamp: If the Dollar Loses Its Reserve Status, Kiss Your Middle-Class Lifestyle Goodbye

May 15, 2023

by Vance Ginn and Charles Beauchamp DailyCaller.com

The U.S. dollar will likely soon lose its status as the global reserve currency. The dollar’s global reserve dominance has declined in recent years. As a result, international trade partners are hedging new connections. This will restructure the global economic order and create challenges ahead, especially for middle-class Americans.

Americans should know what’s happening and how they can prepare for this possibility. But first, what does it mean to be the world’s global reserve currency, and why does it matter?

The U.S. Dollar is the dominant global reserve currency. It’s widely accepted and is the preferred medium of exchange for international transactions.