If the world continues to become more protectionist, does the USD need to be replaced by a single global reserve? It could just be a multi-polar period with a bunch of regional reserve currencies. Global liquidity backed by a single reserve isn't required if WTO dies, and trade is negotiated bilaterally

Three projections that signal the dollar's demise: 1. The Fed has lost control of the Yield Curve, 2. One term presidents will become the norm, and fail to cut deficit spending 3. Powell will be the last multi-term Fed chair, and monetary policy will begin to oscillate in lock step with fiscal policy.