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Maybe the whole point is to force corporate profits out of the country, thus giving US companies a motive to purchase assets or companies in other places. The U
by solotronics 10y ago
Maybe the whole point is to force corporate profits out of the country, thus giving US companies a motive to purchase assets or companies in other places. The US dollar is different in that it is a reserve currency so there are forces in play here that do not make sense unless you take reserve status into account. I think it is advantageous to keep USD outside the US because it can then circulate in other countries further cementing its position as a reserve currency, its a feedback loop.
- brianwawok 10y ago> I think it is advantageous to keep USD outside the US because it can then circulate in other countries further cementing its position as a reserve currency, its a feedback loop. I have never heard of this. Anything I can read or Google about this?