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USD is strong because it's stable and used to facilitate transactions for international trade. Countries banking systems hold liquidity in USD or USD denominate
by randomopining 5y ago
USD is strong because it's stable and used to facilitate transactions for international trade. Countries banking systems hold liquidity in USD or USD denominated bonds.
Nothing to do with colonialism.
- jimbokun 5y agoRight, it's more an artifact of US being the last major economy standing after WWII.
- randomopining 5y agoYeah that, plus obviously the combination of innovation, natural resources, and trade ties to most of the productive nations. Despite the detractors, anarchists, and anti-US sentiment. The US was the glue that held together the world from 1945-now -- promoting a generally rules based order and peaceful trade that propelled us to a new level of world wealth.