mentalarson
New Member
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.
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.
How The Triffin Dilemma Affects Currencies
Countries that issue reserve currencies are faced with a dilemma: keep other countries happy or achieve domestic monetary policy goals.
www.investopedia.com