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I do largely agree with you, however > Mind you, the role of reserve currency today is largely hoisted by the rest of the world onto the USA It’s the opposite
by geraneum 1y ago
I do largely agree with you, however
> Mind you, the role of reserve currency today is largely hoisted by the rest of the world onto the USA
It’s the opposite [1]. Trump openly threatens anyone who tries to replace dollar. It even goes beyond Trump. I bet it will go to war if there are real threats to replace USD.
> there is no rule dictating its role
There’s also no rule dictating other countries to honor US sanctions, but they do.
Tarrif
1. https://www.reuters.com/markets/currencies/trump-repeats-tariffs-threat-dissuade-brics-nations-replacing-us-dollar-2025-01-31/ https://www.reuters.com/markets/currencies/trump-repeats-tar...