Is The Almighty Dollar Doomed? -- Time Magazine
I got an unexpected lesson in the power of the U.S. dollar during a visit to Tashkent, the dreary capital of Uzbekistan, several years back. While heading into town from the airport, my babbling taxi driver kept one hand (barely) on the steering wheel while his other shoved a stack of local currency, the som, into my face. He insistently urged me to trade the money for dollars. After checking in at the grim Hotel Uzbekistan, a nattily clad porter showed me and my wife to a room, fiddled with a broken TV set, and then reached into his jacket pockets for large bricks of som. He, too, persistently begged me for greenbacks. In Uzbekistan, the dollar ruled.
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My Comment: Throughout history, peace and war has always been directly linked to currency stability and/or instability. But in the 20th century, the U.S. dollar became the refuge for people suffering in a war environment and/or in a country state that is undergoing a political/economic conflict. This unique situation did not only help to make the U.S. a world super power, but it also assisted countless of millions to survive in conflict zones or in countries whose governments have all but destroyed their nation's currency.
This situation is now changing. With massive budget deficits and no control over spending the U.S. dollar will be weakened and .... maybe .... even doomed. Will the world be better off because of this .... I do not think so. Instead of dollars people will rely on gold, precious metals, and diamonds for their safety and security. And for the U.S. .... loss of military and economic power will be translated into a loss of political power .... an outcome that would not be favorable in any situation.
So in answer to the question .... "Will A Weakening Of The U.S. Dollar Bring More Peace Or Will It Bring More War And Conflict?" .... the answer (to me) is very clear. Expect more war.