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> Foreign government hold US debt because it's a safe store of value. US debt is a safe store of value, because cheap energy can only be obtained by paying in
by devdas 8y ago
> Foreign government hold US debt because it's a safe store of value.
US debt is a safe store of value, because cheap energy can only be obtained by paying in US dollars. If you remove that motivation, the USD is just another fiat currency.
- friedman23 8y ago> US debt is a safe store of value, because cheap energy can only be obtained by paying in US dollars. haha ok, I don't even know how this statement makes sense in your head. It's like you believe the only reason the US economy is successful is because of oil being traded in USD. Ignore the mega corporations and the giant military.