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Economist Warns: Dollar's Dominance Diminishing Within Decade

1/31/2026

Summary

Story summary

Economist Kenneth Rogoff says U.S. dollar's dominance is waning and will shift within a decade, peaking in 2015 due to U.S. military leverage and the misuse of sanctions.
Europe and China are building their own financial infrastructures, reducing U.S. influence.
Rogoff says allies must pursue military and financial independence, especially in light of President Donald Trump's rhetoric.
He calls for multiple currencies to prevent monopolistic control over global finance.

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Story summary

Economist Kenneth Rogoff says U.S. dollar's dominance is waning and will shift within a decade, peaking in 2015 due to U.S. military leverage and the misuse of sanctions.
Europe and China are building their own financial infrastructures, reducing U.S. influence.
Rogoff says allies must pursue military and financial independence, especially in light of President Donald Trump's rhetoric.
He calls for multiple currencies to prevent monopolistic control over global finance.