2 ms·
They weren't (for the most part) paying tribute. They were putting their money somewhere safe - somewhere where the risks of default, inflation, and devaluatio
by AnimalMuppet 2y ago
They weren't (for the most part) paying tribute. They were putting their money somewhere safe - somewhere where the risks of default, inflation, and devaluation were lower than other places.
But I agree, now they're asking if they should continue, because those assumptions are starting to look invalid.