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You're reversing cause and effect here. Previous countries didn't lose their preeminent places in the world because their currency stopped being the world rese
by harryh 6y ago
You're reversing cause and effect here.
Previous countries didn't lose their preeminent places in the world because their currency stopped being the world reserve. Their currencies stopped being the world reserve because the countries lost their preeminent places.
- nine_zeros 6y agoI'm contending that the US is losing its preeminent place as we speak and we can see it making a lot of people nervous.
- harryh 6y agoAt the top of the thread, you said: "Our wealth in America is only because we are the reserve currency." This was the point I was disagreeing with. You are now saying something different. That's fine. I think there is some truth to what you are saying now, though personally I don't think the situation is as dire as you seem to. The UK used to rule of the world. It doesn't anymore. It's still a fine place to live.