2 ms·
Way less of a producer and more of a consumer. And no, the biggest driver for the US Dollars demand nowadays it is status as the global currency of trade.
by elzbardico 2y ago
Way less of a producer and more of a consumer.
And no, the biggest driver for the US Dollars demand nowadays it is status as the global currency of trade.
- JumpCrisscross 2y ago> Way less of a producer and more of a consumer We're the second-largest exporter in the world [1]. (But yes, more consumer.) > And no, the biggest driver for the US Dollars demand nowadays it is status as the global currency of trade Who do you think does most of the trading? If America weren't the world's largest importer and second-largest exporter, the dollar wouldn't be the global currency of trade. You're correct that our financial system reinforces that relationship. But it's reinforcing, not underwriting. (China isn't challenging us in our financial services, it's challenging us on trade.) [1] https://en.wikipedia.org/wiki/List_of_countries_by_exports https://en.wikipedia.org/wiki/List_of_countries_by_exports