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Other countries bear the cost of US printing dollars to the infinite; that's why inflation in other countries is double/tripe of the official inflation rate (ak
by raincom 3y ago
Other countries bear the cost of US printing dollars to the infinite; that's why inflation in other countries is double/tripe of the official inflation rate (aka natural interest rate) in US. 35% of dollar value comes from being the reserve currency of the world: Saudi wants dollars for their oil sold to China/India; China/India wants dollars for the stuff they sell to Saudi. Just get rid of dollar in these transactions.