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wrangling once again in Washington over the U.S. debt ceiling have put the dollar's status as the world's dominant currency under fresh scrutiny. Has it really
by kirse 3y ago
wrangling once again in Washington over the U.S. debt ceiling have put the dollar's status as the world's dominant currency under fresh scrutiny.
Has it really though? This entire article reads more like a propaganda position than anything. Plenty of anti-US countries have much to gain from continuing to foment this narrative.
I'd argue the actual negative would be that you have nobody in Washington arguing over debt ceilings and budgets (i.e. not caring at all about where money is going). In fact, it's quite positive that people are in conflict over the right way to handle money and if anything should increase confidence in its status as the reserve currency. All this political chicken is how the game has always been played.
Bottom line is that as far as trust and confidence go, the United States could certainly improve, but it's still by far the best. Who is honestly going to trust China's government with their terrible track record, especially after all their COVID lies, lockdown nonsense, quietly taking over HK and a growing threat towards Taiwan's freedom. And Russia? Give me a break.