The fiat US dollar, while still the world’s "reserve" currency, is being imperiled by reckless actions by monetary authorities. Other countries are taking notice—and action.

Original Article: "How US States Could Pave the Way for Currency Competition"

The US dollar has been the world reserve currency since 1944. At the Bretton Woods Conference, the dollar was pegged to gold and every other currency was pegged to the dollar. The fixed exchange rate system that emerged provided a stable environment for international trade and investment, as all countries had a currency value that was, directly or indirectly, tied to a fixed gold price.
The system began to unravel in the 1970s due to economic challenges faced by the United States, including the need to finance its war in Vietnam while simultaneously dealing with French president Charles de Gaulle’s demands that the US return France’s gold. His discontent may have been prophetic, foretelling a similar future sentiment. He said,
US imperialism leaves no field unoccupied. It takes every form,