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by formerly_proven
395 days ago
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> Seems like that's the popular assertion but I don't see much solid reasoning behind it in this thread (not picking on you specifically), just handwaving about how USD's status as a global currency somehow makes trade deficits inevitable despite simple facts available that US had a surplus trade balance 50 years ago, when the USD has been considered the global / reserve currency for over 60 years. Prior to 1971 the Dollar was tied to Gold and exchange rates were fixed by agreement. |
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