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[Music] did you hear the sad news ing to the internet the us dollar is dying but is that actually true lets talk about it [Music] the internet went into full-blown panic mode earlier this week after twitter founder jack dorsey asked the question when did the dollar lose global reserve currency status this is sort of a strange question to ask though because theres empirical data that refutes this for instance ing to the international monetary fund 59 of all foreign central bank reserves are held in the form of u.s dollars importantly the dollar isnt just the dominant reserve currency its the dominant reserve currency by a really wide margin for instance the euro holds just 21 of global reserve market share the chinese renminbi is just 2.8 the pound startling is just 4.8 and the yen is just 5.6 now some people will argue that all of this is just due to the so-called petro dollar or the bretton woods agreement and while theres certain shreds of truth to that the reality is much simpl
