Baupost’s Klarman: USD Is On The Way Out As The Reserve Currency

The U.S. dollar has been the world's de facto reserve currency for decades, thanks in part to Washington's ability and willingness to lend money to other nations. However, the tables have turned as the years have dragged on, and the national debt now stands at a staggering $21.9 trillion on the back of an almost-$900 billion budget deficit.

See more Baupost 2018 coverage here

Also see more 2018 Baupost coverage

It seems like only a matter of time before the U.S. dollar is no longer the world's reserve currency, and a growing number of high-profile names are warning about it, including Baupost's Seth Klarman. In his year-end letter for 2018, Klarman warned that Washington only has itself to blame when the U.S. dollar stops being the world's reserve currency--and that's only a sign of a much bigger problem potentially facing the U.S.


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