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This is just one of those myths that gets bandied all around the web. It's a reserve currency because it's a huge balanced economy, and the dollars are freely f
by cylinder 10y ago
This is just one of those myths that gets bandied all around the web. It's a reserve currency because it's a huge balanced economy, and the dollars are freely floated and available. And it's not exactly proven that a strong dollar benefits the US altogether.
- qaq 10y agoYou are confusing the exchange rate with our ability to basically control word's money supply. The Middle East is basically economic preferences in exchange for security type of setup. One of the consequences of that is that's world's oil trade is denominated in USD. Putin's wet dream is changing that.
- tedunangst 10y agoThe strong vs weak dollar is one of those things that nobody seems to understand. A weak dollar means it's harder for BMW to sell in America, but easier for Ford to sell in Europe. Why should that make people in Detroit angry?
- cellis 10y agoIn fact, Trump is in favor ( as all nationalists should be ) of depreciating our currency to be more competitive.