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Their wealth may increase as a percentage of all wealth in America. For a long time that basically meant the same thing, because the dollar was the foundation o
by ItDoBeWimdyTho 1y ago
Their wealth may increase as a percentage of all wealth in America. For a long time that basically meant the same thing, because the dollar was the foundation of the international financial system. But that was because of the stability of the US government.
When other countries disengage their financial systems from ours in favor of the yuan, being a billionaire in American dollars will be about as impressive as being a billionaire in Zimbabwe dollars.