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How is the rate of demand for dollars growing? Hint, global assets are all available for purchase on dollars. As more and more products get built in China and

How is the rate of demand for dollars growing? Hint, global assets are all available for purchase on dollars. As more and more products get built in China and other countries and they are all willing to accept dollars for them, the rate of demand for dollars increases. As for visa on arrival, most countries on it are similar GDP-wise. Which means their citizens have a low cost to convert to USD and their capital accounts are open so citizens can freely chnage into USD. So their domestic currencies are almost as good as USD (or even Euros to some extent)

kerkeslager 7y ago
> How is the rate of demand for dollars growing? > Hint, global assets are all available for purchase on dollars. As more and more products get built in China and other countries and they are all willing to accept dollars for them, the rate of demand for dollars increases. This doesn't contradict anything I said. Yes, I understand why demand for dollars is going up. No, that doesn't mean we can just print dollars faster than demand and expect no inflation. > As for visa on arrival, most countries on it are similar GDP-wise. Which means their citizens have a low cost to convert to USD and their capital accounts are open so citizens can freely chnage into USD. So would it be fair to say that you're retracting your statement that this is "uniquely American"?