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The entire US economy is dependent on its world reserve currency status. If this happened the US would likely completely collapse. The stagflation of the 70s w
by rapsey 5y ago
The entire US economy is dependent on its world reserve currency status. If this happened the US would likely completely collapse.
The stagflation of the 70s was a start of this process but the petrodollar put a stop to it. The US is way more dependent on it now than it was then.