3 ms·
Yes thats the point I was trying to make. The strength of the USD derives itself in large parts from the fundamental trust markets have in US institutions not f
by bootsmann 1y ago
Yes thats the point I was trying to make. The strength of the USD derives itself in large parts from the fundamental trust markets have in US institutions not from the strength of its military.
- lvl155 1y agoI know what you’re saying but it’s not some fiat blind trust. There’s a big reason why the US can print with impunity. EUR cannot, even though people may trust EU more over the near-term. It’s all tied to military.
- actionfromafar 1y agoThe military is one required pillar of US dollar hegemony. It's not a sufficient pillar and the current administration is working hard at destroying other required pillars. US Treasury bonds will be less attractive, because foreign investors will lose trust in the US economy