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The US dollar as the global reserve currency is an advantage Americans really don't appreciate the magnitude of. The US government is the one nation on Earth th
by XorNot 2y ago
The US dollar as the global reserve currency is an advantage Americans really don't appreciate the magnitude of. The US government is the one nation on Earth that can mint it's own money, and then just pay for things it wants in that same currency directly.
There is international trade not involving the US which is executed in US dollars, and country's where it's the de facto real currency compared to the local one.
If the global political situation shifts and say, the Euro becomes the global reserve, just how much power the US will have shed is difficult to comprehend.
- 6510 2y agoVlad had it calculated. Using the dollar as the world's reserve currency has brought the US "unearned" $10 trillion over 10 years. > advantage Americans really don't appreciate How can they? They don't get any of that $2150.- per month per citizen? They are told everything must be paid from their taxes? Doublethink is hard?
- skinnymuch 2y agoAmericans on avg aren’t reaping vast majority of the benefits. America isn’t a Social Democracy.