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As soon as China or potentially the EU says "I don't care if we run a trade deficit." the dollar's hegemony will go away. Or alternatively it'll go away when p
by hackeraccount 6y ago
As soon as China or potentially the EU says "I don't care if we run a trade deficit." the dollar's hegemony will go away.
Or alternatively it'll go away when people in the US decide they'd be happier with Yuan or Euros in their pocket then stuff in their house.
I have no clue when either of those situations will arise though.
- throwaway210222 6y agoYou also have to able to buy a lot of big ticket stuff in the new reserve currency [if it is to be]. Which is why Airbus is such a big deal — and COMAC on the horizon.