What happens then the dollar no longer is the reserve currency.

Ben Norton: How the dollar's 'exorbitant privilege' enriches the USA (and global elites)

An examination of the report "Reindustrialization in the Age of Fragmentation" by economist Phillip Pilkington. (I recommend reading the report)

• The Global 1% will be hurt the most because they hold dollar denominated assets.
• The reserve currency status of the dollar has mostly served the Plutocracy.
• Charts on what deindustrialization of done to the Average Citizen.
• The outflow of dollars caused assets in the US to rise in price as those dollars came "home".
• Working Class in the US probably will not become extremely poor if the dollar is not the reserve currency. Reindustrializaton can occur more easily.

Reindustrialization will be no easy task, however. We have shown in this paper that very deep changes have taken place in the world economy over the past 30 years. Reindustrializing an economy is not like flicking on a light switch – and when the data is examined carefully it becomes clear that some of the advocates for protectionism are likely far too optimistic in their assessments. Overall, the data suggests that reindustrialization is possible if economies focus on very high rates of internal investment – something that will require well-organized industrial policy to achieve – but we should not expect miracles. If Western countries are serious about reindustrializing their economies, they should stop looking for quick-fix solutions – especially those that lead to dangerous levels of global conflict around trade flows – and instead focus on developing a multi-decade plan to massive boost investment in the West. We hope that some of the basic relationships that we have revealed in our work provide some initial hints at how this might be achieved.

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