The Dollar Dies By Deflation

FTAlphaville: Positioning the world for a transitional euro reserve system
This year the euro has been increasingly used as a funding currency by international borrowers, owing to the historically low interest rates in the euro area. Investment-grade corporations in advanced economies, mainly the United States, were particularly active issuers of international bonds denominated in euro, whose proceeds are swapped back into dollars. In April 2015 Mexico became the first sovereign state to issue a bond denominated in euro with a maturity of 100 years.
I wonder why that is? Could it be the collapse in the exchange rate and interest rates?

The U.S. dollar will die as a reserve currency because other currencies will collapse in value. It will become more attractive to borrow in foreign currencies and with the attendant debt destruction, foreign assets will become more attractive as well. The last phase is a collapse in the value of the dollar, but the transition to a new monetary system involves the appreciation of the greenback, not its collapse, assuming there isn't a war that determines the outcome. If the dollar were to start depreciation now, it would extend the life of the U.S. dollar system, not shorten it.

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