A reserve currency has never lasted forever and the US Dollar is no exception, especially considering its seriously grave trade and debt imbalances. A country can only go so far with its imbalances, and today the US is the largest debtor nation in the history of the world. The fate of the US surely lies on its creditors,who also produce what the US consumes. China, Japan and OPEC countries are the main holders of the US debt. However, the US Fed also stepped in to purchase US debt as a lender of last resort to prevent a further banking crisis. Yet, anyone who uses their “credit card” to finance their debt is doomed to fail, even if this someone is the US government. Who will emerge as the superpower currency after the fall of the US dollar? READ MORE