The US owes the rest of the world a net of $18 trillion at the moment, which is 73% of its GDP, considerably exceeding the 50% mark that has frequently signalled currency crises in the past, all of which suggest the coming of a post-dollar world.
Analysts used the old Tina (there is no alternative) argument last month as the dollar soared to levels last seen nearly 20 years ago to forecast further gains for the strong greenback.
What occurred 20 years ago signals that the dollar is ne...