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Politics : Foreign Affairs Discussion Group
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To: Fiscally Conservative who wrote (281488)11/20/2020 8:10:57 AM
From: Sun Tzu   of 281500
 
Alternatives to USD as the reserve currency.
This doesn't mean that nobody will trade in USD. It means that (1) The US won't be able to use its banking power to impose sanctions around the world b/c trades can use other clearing methods, And (2) The US won't be able to print as much money as it does and pay such low interest rates b/c there will be alternatives that international investors can use.
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