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Should be very interesting to see a world where the USD isn’t the only game in town. A new world reserve currency sounds like a dream.

• mywittyname 4y ago
  The USD isn't the "only game in town." It just happens to be the best game in town because it's backed by a successful, resource rich country with a mighty military and a massive, diverse economy, and no capital flight controls. No other country can match it. Switzerland has an economy that's far too small, China has capital controls in place, and middle eastern countries are too reliant on oil.
  • danielschonfeld 4y ago
    Right and while being the best within the choice of currencies we currently have, it has proven time and again that it’s pretty miserable at balancing the needs of the world while acting as a global reserve currency vs balancing the domestic needs as acting as “our” (US’s) currency.
  • A4ET8a8uTh0 4y ago
    <<No other country can match it. <<The USD isn't the "only game in town." The two statements are at odds with one another. I am not disagreeing with your assessment of US capabilities, but those clearly only create the situation, where US is, in fact, the only game in town.