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by howmayiannoyyou
156 days ago
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USD remains and will remain dominant. Trillions in dollar denominated debt and derivatives, insurance products and assets exist globally. No other country willing to run prolonged & massive deficits required for a reserve currency. No other country, of sufficient size, has as predictable legal and regulatory dispute resolution environment. No other country currently has capabilities to protect overseas shipping - a key component of global trade. USD dominance isn't going anywhere despite hurt feelings over Trump or US policies. |
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