2 ms·
BECOMING the reserve currency is very beneficial. The US printed over 4 trillion bucks and it just went into vaults somewhere in exchange for $4 trillion bucks
by stretchwithme 16y ago
BECOMING the reserve currency is very beneficial. The US printed over 4 trillion bucks and it just went into vaults somewhere in exchange for $4 trillion bucks worth of stuff.
But when we blow it and are deep in debt with declining ability to borrow cheaply, we could also lose this special status. and $4 trillion will come back and make goods more expensive for everybody stuck with no far-less-desirable paper.