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Politics : Foreign Affairs Discussion Group

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To: BillShiphr who wrote (281484)11/19/2020 6:06:02 PM
From: Fiscally Conservative   of 281500
There is nothing that can compete Market Capitalization wise to that of the $ Dollar. Nothing ! Nada !!
Nothing comes even close.
Nothing comes even close right now but that can change.

Currency is used as a store of value for exchange. It has to be backed and defended. There is no country in the world that can compete with the United States Dollar towards defending its currency. None ! Zippo !!!
That is, right now.

But all this can change but it will not happen in the foreseeable future. That would take another 25 years, maybe much more. But continued ignorance can shorten that time table

US GDP is 3x that of China.
China has the second largest GDP to that of the great USA.
Getting the picture ?

USA is the wealthiest country in the world, by far and large !

What will break the USA is its politics. That will have a profound impact on
it's finances going forward. How much so is yet to be determined.

But Fear Not

The US Dollar is strong.
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