2 ms·
I think you are right on this. Being the world's reserve currency, US can swap their printed money with real assets (in this case, companies, metals, grains, et
by raincom 3y ago
I think you are right on this. Being the world's reserve currency, US can swap their printed money with real assets (in this case, companies, metals, grains, etc), thereby these companies bought with USD becoming American. If USD ceases being the world reserve currency, the dollar value can fall by 35% or more. In a way, the world (esp exporters, exporters who force importers to pay in USD) subsidizes US indirectly. Yet no one talks about this malaise, and the costs borne out by the the rest of the world. That's why the debates in US is always about why not print money to fiscal spending (for the ordinary people), as the cronies of capitalists have been printing money (or by suppressing interest rates, and by QE policies) to help the capitalist class and their elite servant class (managers, media, think tanks, etc).