In whaty wayt have the US benefited
From having the global currency in dollars given there currently are no alternative to the dollar as the global currency.
41-45, M
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Northwest · M
The US did not make global economy use USD. However is the most commonly used "reserve" currency worldwide.
What's a reserve? It's the funds a country holds in its central bank.
Since the end of WWII, the USD emerged as the world's choice for reserver currencies.
The US benefits because when countries buy USD, and store it, it allows the US to print more USD. It also makes it easier for other countries to buy US Treasury securities, aka allows the US to borrow from other countries.
Another side effect is allowing the US to extend the reach of financial sanctions worldwide.
Replacing the USD is possible, but no one is in a rush to replace the USD with Rubles or Yuans.
So, you may have people saying that the US collapse is imminent, the fact is that today, despite a years-log sustained campaign by Russia/China, the USD is at near record strength against currencies.
What's a reserve? It's the funds a country holds in its central bank.
Since the end of WWII, the USD emerged as the world's choice for reserver currencies.
The US benefits because when countries buy USD, and store it, it allows the US to print more USD. It also makes it easier for other countries to buy US Treasury securities, aka allows the US to borrow from other countries.
Another side effect is allowing the US to extend the reach of financial sanctions worldwide.
Replacing the USD is possible, but no one is in a rush to replace the USD with Rubles or Yuans.
So, you may have people saying that the US collapse is imminent, the fact is that today, despite a years-log sustained campaign by Russia/China, the USD is at near record strength against currencies.
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Subsumedpat · 36-40, M
@Strictmichael75 It is all about maintaining a strict money supply and a currency that is safe and consistent over time. I would not be afraid to hold the Euro if I had a bunch of money and worried about that sort of thing.
Strictmichael75 · 61-69, M
@Spotpot you are joking
The US just prints paper
The US just prints paper
AcDcSWM · 51-55, M
You guys obviously have a lot to learn about international economics. Better not to do that online. Too much false info.
Basically it’s based on what the strongest economy is, which is the USA. Our finances overshadow the rest of the world.
Basically it’s based on what the strongest economy is, which is the USA. Our finances overshadow the rest of the world.