How long before we lose reserve currency status?

mentalarson

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Jun 7, 2021
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The USA enjoys a lot of benefits and power by being the global reserve currency.

Our politicians don't seem to realize their vote buying, deals and compromises impact the entire global system.
Print $8T erodes the value of the every dollar in every bank account around the world...about $100T worth of USD total.

In addition the US and first world have weaponized money in the form of sanctions that prevent bad guys from participating in the SWIFT global banking system.

Most of all, we're devaluing the USD at a record pace.

How long do you think our global reserve currency house of card will stand?

There's this thing called the "Triffin Dilemma" which basically says one nation's currency as the global reserve is a recipe for tension and conflict since that country has a trump card in global policy, and other countries may not like being under the thumb of the country with reserve status.


 

pronstar

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If it loses reserve status, we will also have lost the military conflict(s) that seek to protect it.

Our country will wage war to keep reserve currency status.
And it has on smaller scales…Iraq and Qaddafi come to mind, that’s what happens when nations try to move oil to another currency platform.

But really, the dollar is far and away the least-shitty monetary option for reserve currency status.


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Darkpriest667

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If it loses reserve status, we will also have lost the military conflict(s) that seek to protect it.

Our country will wage war to keep reserve currency status.
And it has on smaller scales…Iraq and Qaddafi come to mind, that’s what happens when nations try to move oil to another currency platform.

But really, the dollar is far and away the least-shitty monetary option for reserve currency status.


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Least shitty Central Bank backed currency for reserve status.

Fixed that for you.
 

G O B

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China Joe is a pay pilch for the CCP, who has said for years that THEY would become the only reserve currency allowed.
 

popper

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CCP has been doing the same for years, plus they sold a lot of treasuries when we started QE. CCP prints money to buy other countries (debt trap) and until recently didn't care about devaluation of their money as, like their population, it's CONTROLLED.
 
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