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Fun fact, when you are the world's reserve currency your current account deficits are offset by the fact that every other nations has to hold your currency so t
by _DeadFred_ 2y ago
Fun fact, when you are the world's reserve currency your current account deficits are offset by the fact that every other nations has to hold your currency so that they can conduct international trade. Being the reserve currency makes your currency itself a product that other countries want from you.
- searealist 2y agoDo you think that is sustainable forever? If not, how long?
- _DeadFred_ 2y agoNo idea, it's been going on a long time. The dollar weakening would be a sign. The dollar was pretty strong up until Trumps BS.
- rayiner 2y agoThat sounds like a scam. Why would other countries put up with that?
- _DeadFred_ 2y agoWait until you learn how money works. It's all just bits of paper (or now just actual bits/bytes) people pretend has value.