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> my tongue in cheek response above is sort of correct. The world is in a very different state now. Most of the manufacturing bases are outside the US. If the
by nopinsight 8y ago
> my tongue in cheek response above is sort of correct.
The world is in a very different state now. Most of the manufacturing bases are outside the US. If the US somehow withheld the dollar, most of the world would just switch to alternative currencies and continue to trade with one another.
That of course would most likely never happen in our lifetimes, since the dollar is a key pillar in the American economy and global power projection.
- h4b4n3r0 8y agoMost of the world (and especially China and Mexico) cannot withdraw from the largest market for their goods without their economies totally collapsing. That’s why Trump is going to win his trade wars. Money talks, bullshit walks.
- kasey_junk 8y agoWhich other currency? It’s been a bit since I was involved in currency trading but back then that was a huge question. People wanted out of usd for lots of reasons but the other choices were worse.