Should the DXY break this parabolic trend line I would expect an initial test of support at 110, followed by a further drawdown to ~95. The $USD is likely on its last leg and primed for replacement as the world reserve currency. But what could possible replace the dollar, you ask? My guess is the Special Drawing Right (SDR) - a basket of the top currencies from around the world, created by the International Monetary Fund (IMF) as a way for its members to trade amongst themselves.
Either that or a cryptocurrency, such as Bitcoin, will take center stage and replace all fiat currencies as governments around the world choose a medium of transaction that is 100% transparent, where they can track their constituents’ spending to an even greater degree and all transactions are immortalized on an interconnected system of ledgers.
This probably won’t happen until that One World Government is put in place - but it WILL eventually happen. Every citizen will have their own personal blockchain that itself has its own side chains where each side chain is a different element. For instance, you’ll have one side chain that is for banking (loans, stocks, savings, 401k, trusts, etc.) and another side chain for education (degrees, professional certifications, licenses, etc.) and another for health (dental, general health, optometry, etc.) and another chain for legal (wills, trusts, etc.), another chain for judiciary (your criminal records), and yet another side chain for your assets (homes, vehicles, art, jewelry, etc - which will be linked by smart contracts to your banking and legal chains because you’ll have these items in your will).
Either that or a cryptocurrency, such as Bitcoin, will take center stage and replace all fiat currencies as governments around the world choose a medium of transaction that is 100% transparent, where they can track their constituents’ spending to an even greater degree and all transactions are immortalized on an interconnected system of ledgers.
This probably won’t happen until that One World Government is put in place - but it WILL eventually happen. Every citizen will have their own personal blockchain that itself has its own side chains where each side chain is a different element. For instance, you’ll have one side chain that is for banking (loans, stocks, savings, 401k, trusts, etc.) and another side chain for education (degrees, professional certifications, licenses, etc.) and another for health (dental, general health, optometry, etc.) and another chain for legal (wills, trusts, etc.), another chain for judiciary (your criminal records), and yet another side chain for your assets (homes, vehicles, art, jewelry, etc - which will be linked by smart contracts to your banking and legal chains because you’ll have these items in your will).