The transition process of the world reserve currency brings much uncertainty
The Typical Duration of a World Reserve Currency
"An appreciation for history is never more important than at times when a secular winter is forecast. In the fourth turning, we can expect to encounter personal and public choices akin to the hardest ever faced by an ancestral generation. We would do well to learn from their experiences, viewed through the prism of cyclical time. This will not come easily. It will require us to lend a new seasonal interpretation to our revered American Dream. And it will require us to admit that our faith in linear progress has often amounted to a Faustian bargain with our children. Faust always ups the ante, and every bet is double or nothing. Through much of the Third Turning, we have managed to postpone the reckoning. But history warns that we can't defer it beyond the next blend in time."
The transition of one World Reserve Currency is a cycle that stems from social behavior