[RealInose]

Dollar displaces pound

•Mid 1800s: Pound as dominant currency
•1900-10: US overtakes UK economy
•1913: Fed created
•1918: UK inflates way out of war debt
•1940-45: UK devastated by World War II
•1945: BrettonWoods System makes USD dominant currency
•1967: Dollar overtakes Pound as dominant currency

Yuan replaces dollar

•1967: Dollar overtakes Pound as dominant currency
•2010-20: China liberalizes capital markets
•2020: Yuan becomes a minor reserve currency
•2050: China catches up to US GDP
•2055: Dollar crisis
•2060: Yuan replaces USD as dominant currency