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Most of that stems from the fact that the US dollar is the main global reserve currency - so people around the world are willing to accept them in exchange for
by uoylj 6y ago
Most of that stems from the fact that the US dollar is the main global reserve currency - so people around the world are willing to accept them in exchange for real goods and services.
This won't be the case forever. Once it flips, the magically cheap overseas goods become the expensive imported goods only rich people can afford.
- f00zz 6y agoYeah, just a century ago the reserve currency was the pound sterling, a century before that the franc, a century before that the Dutch guilder. I guess people in those times also expected the status quo to last forever.