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Such shenanigans will continue to make the dollar less appealing as a reserve currency.
by xtian 4y ago
Such shenanigans will continue to make the dollar less appealing as a reserve currency.
- JumpCrisscross 4y ago> shenanigans will continue to make the dollar less appealing as a reserve currency Good. It distorts our trade and provides marginal benefit on the borrowing front, given a non-reserve dollar would be similarly demanded on account of our massive consumer market.
- xtian 4y agoI support it ending too, it will just mean the beginning of much harder times for Americans. Our 'massive consumer market' is propped up by these shenanigans since our manufacturing base has been eroded.
- neilwilson 4y agoWhich would mean more spending and less saving - increasing transaction flow and leading to higher dollar profits and higher taxation in the US. People holding dollars in reserve is what is causing the deficit.