There is a third and possibly killer advantage. Global reserve currency. We had a US fund manager tell us more than 10 years ago that the because the US is the global reserve currency the US can make the world pay for the US's sins. Everything in the last 10 years leads me to see that this is the truth.
Crypto, yuan, Euro....bahahahahaha. No chance. The USD will die as the global reserve probably as a global digital depository receipt becomes universally accepted. Not likely in the next 10-15 years!!
Until then trading whilst insolvent (ie bankrupt) is possible for the US as they can continue to export their financial sins as they are the global reserve currency.
The end game of this period will be bloody indeed!!
Yes, that is what is covered in the seigniorage argument. That covers the ability of the Us to atttract investors for their debt. And I have written a previous post that the US dollar will likely remain the world’s reserve currency for another generation.
There is a third and possibly killer advantage. Global reserve currency. We had a US fund manager tell us more than 10 years ago that the because the US is the global reserve currency the US can make the world pay for the US's sins. Everything in the last 10 years leads me to see that this is the truth.
Crypto, yuan, Euro....bahahahahaha. No chance. The USD will die as the global reserve probably as a global digital depository receipt becomes universally accepted. Not likely in the next 10-15 years!!
Until then trading whilst insolvent (ie bankrupt) is possible for the US as they can continue to export their financial sins as they are the global reserve currency.
The end game of this period will be bloody indeed!!
Yes, that is what is covered in the seigniorage argument. That covers the ability of the Us to atttract investors for their debt. And I have written a previous post that the US dollar will likely remain the world’s reserve currency for another generation.
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