hi KP "The US should have been active in promoting a basket of currencies to replace the US dollar... "
Who can you trust. The USA has the largest economy and the largest and most powerful military otherwise the USD would be a basket case.
However I have to agree that their profligate printing of currency has opened the door to let in wolves.
Every tinpot dictator will be yelling that we can trust them. Following photo is a large banknote of mine that Malcolm Fraser trusted the originator in a devoted way yet who turned out to be a financial leper.
