US Dollar Faces Growing Risk of Inevitable Default, Warns Economics Expert.

Economic expert John Carney warns that the US dollar's feeble valuation could be a "serious threat" to the US's crucial influence on the world stage, and it is inevitable that the dollar will lose its power. China and Russia are starting to build an alternative block of currency, and the US dollar has lost 12 percentage points of market share over the last two decades. However, Carney believes that the US system is very open, and other countries can trust that the reserve currency is not being manipulated. The US choosing to actively dwindle its trade deficit with China will economically benefit the nation's economy and bolster the strength of the dollar.