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Not for long. Just as long as the Dollar is the world reserve currency. Something that seems to be coming to an end in the next one or two decades.
by elzbardico 4y ago
Not for long. Just as long as the Dollar is the world reserve currency. Something that seems to be coming to an end in the next one or two decades.
- PaulDavisThe1st 4y agoIf the US's debtors wish to have their debts converted into a 2nd rate (i.e. non-reserve) currency, then by all means, let's see it happen. It will be easier to pay off the debt if that happens (just harder to accumulate more).
- dragonwriter 4y ago> If the US's debtors I think you mean creditors. Debtors is the opposite.
- sokoloff 4y agoThe way I read it, debtor makes more sense to their point.
- elzbardico 4y agoThey don't need to sell their bonds in US Dollars. Just buying less is enough to play havoc with the American economy, given the gargantuan trade deficit it runs every year.