In my lifetime the US dollar has been the reserve currency. It has been regarded as a safe haven to invest in. Oil has been priced in US dollars.
It would appear the era of US dominance is drawing to a close and the USA appears to want a more isolationist stance. This appears to be the choice of the current US government, elected by the people.
If this is the case I can see the world looking for a new reserve currency. This would not happen overnight, but I can see things changing.
Whatever your views, certain other nations seem to be in ascendancy whilst the USA slowly declines. If I was a third world country I would not be looking towards the USA for inspiration.
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