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America and American capitalists benefit from America’s position, so I can’t imagine American isolation going much further. The US controls many of the world’s
by tomdell 6y ago
America and American capitalists benefit from America’s position, so I can’t imagine American isolation going much further. The US controls many of the world’s major supply chains and trade routes and ensures them with its military. What country can offer realistic competition for a reserve currency? China is trusted even less than America in many parts of the world, and their governance is even more opaque.
- deleted 6y ago[deleted]
- fedreserved 6y agoThe Euro is the only currency in the same league. Although I don't see the red Sox dethroning the Yankees anytime soon
- Pet_Ant 6y agoThe next best bet is the Euro. Which is isn’t without it’s problems... but let’s remember the debt show-downs that threaten the USD.
- hehetrthrthrjn 6y agoThe "debt show-downs" aka political theater.
- Pet_Ant 6y ago> The "debt show-downs" aka political theater. Given the choice, I'd rather not have that for host country my reserve currency. You want your reserve currency as boring as a old brick in a vault.