Yes, agree completely with what you are saying.
This is an very important article written by Goldman, everyone should it and understand it.
I just bring up one point, that we can deduct, but he does not mention directly.
He hints at it, but we should all know what he means.
The US dollar could go down in value. The US dollar will remain the world's reverse currency, but it could go down in value.
Ask the question in another way.
Why does the USD being the world's reserve currency important to the Americans?
Because it keeps the value of the USD high.
We probably are going into a world were the USD remains the reverse currency, but still suffers a significant depreciation over time.
A lower currency value means that country is poorer.
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David Goldman is a well known Wumao so his opinions are not valid in the free world. Here is a video of him
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