Decline of the Dollar
Dollar depreciation is a reality right now. The phenomenon poses two sides of a coin. Positives are for countries who import products into their own country. With their currencies strengthening against the dollar, they will be able to buy more for the same amount. However, exporters are at a loss since income generate in dollar decreases in value. The depreciation of the dollar affects all countries as it is the most powerful currency and most standardized. Almost all that the US is now, it has the dollar to thank for. A decline in the currency will spell trouble for the US and its superpower hold over the world.