Bob Fraser examines recurring fears about the dollar losing reserve currency status, noting at least four to five de-dollarization episodes since the 1980s. The latest alarm came from BRICS discussing alternatives, but Fraser argues the dollar retains substantial value despite the repeated hype.
There's a lot of alarm about the US dollar, as you pointed out. I mean, we get continually kind of bombarded with questions from our listeners and, you know, fair enough, let's answer the questions. But this is just the latest iteration of the same question that's been— I've, I've seen, you know, maybe 4 or 5 times in the last 20 years since it's the '80s, really, really 40 years. And, and the latest one is the BRICS countries. What about if they basically de-dollarize and now the dollar disappears in value. And, you know, I first want to say, well, if you believe your dollars are about to become valueless, please feel free to send them my way. And, you know, and that's tongue in cheek. But the point is they have a lot of value. And let's not forget that. But this was a— there was another iteration. This was the, the SDR, the IMF Depository Receipts that they were going to create and China was going to create a new currency there. That was 2015. There's always a new— the dollar is about to die.
