Talk about privilege. The dollar is not just the currency of the United States; it is what's called the world's "reserve ...

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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 ...

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 United States could abandon its commitment to dollar hegemony in a similar way: even if much of the rest of the world wants the United States to maintain the dollar’s role as a reserve ...