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The US has hardly won any trust when they demonstrated how their word and their policies are just barely good for the length of a presidential term. At least C
by chmod775 8y ago
The US has hardly won any trust when they demonstrated how their word and their policies are just barely good for the length of a presidential term.
At least China is relatively stable and predictable. Which coincidentally are important qualities of a reserve currency.
- peteretep 8y agoDid the American legal system break while I wasn’t looking? Wake me up when rich Americans start moving to China to protect their wealth and for protection from local government whims.
- chmod775 8y agoWhat does a nation care about the legal system of the country behind their reserve currency? Furthermore, most "tax havens" are hardly known for their strong goverments and legal systems. Quite the opposite. Not that it matters, since this discussion is really about the reserve currencies of nations.