Breton Woods (treaty/agreement) and the PetroDollar deal with Saudi Arabia) have both helped prop up the dollar as a WRC. Fundamentally, though, both of those are showing huge rifts, not just cracks, in WRC. The poster is correct on the basics. We have steadily ruined the dollar. And are now accelerating that ruin with spending, deficits & debt, and resulting inflation. Already, other nations are moving to replace the dollar as WRC. But, that's a different post.
It's the reserve currency because of Breton Woods. The US defaulted on Breton Woods and everyone else has just kinda gone along with it like Breton Woods is still in effect. But yes, if it becomes too inflationary then eventually others will stop using it. We have seen this as other countries let their dollar reserves dwindle at times in recent years.
@luxyj4728 There is no country with the same size economy, and that is thanks to the dollar. The dollar is no longer the world currency because it is stable, but because a country happens to be invaded or has a colorful revolution if they threaten to trade internationally without using the dollar. You can keep sending your poor to the eternal wars to defend the dollar.
@@Fabian2044-x7d40 years ago the Swedish krona and the Swiss franc were worth the same, today 1 franc is worth 10 Swedish kronor. According to economic experts, Switzerland should have been in economic crisis for 40 years. I'm not an economic expert, so I guess instead that Sweden has a huge bubble in real estate.
Breton Woods (treaty/agreement) and the PetroDollar deal with Saudi Arabia) have both helped prop up the dollar as a WRC.
Fundamentally, though, both of those are showing huge rifts, not just cracks, in WRC.
The poster is correct on the basics. We have steadily ruined the dollar. And are now accelerating that ruin with spending, deficits & debt, and resulting inflation.
Already, other nations are moving to replace the dollar as WRC. But, that's a different post.
It's the reserve currency because of Breton Woods. The US defaulted on Breton Woods and everyone else has just kinda gone along with it like Breton Woods is still in effect. But yes, if it becomes too inflationary then eventually others will stop using it. We have seen this as other countries let their dollar reserves dwindle at times in recent years.
Why do these have gaming videos?
What game is that?
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Uncertainty helps the dolar
Show me a currency with less inflation pls
Swiss franc
@Fabian2044-x7d thats fair I should have been more specific a country with a similar size economy.
@luxyj4728 There is no country with the same size economy, and that is thanks to the dollar. The dollar is no longer the world currency because it is stable, but because a country happens to be invaded or has a colorful revolution if they threaten to trade internationally without using the dollar.
You can keep sending your poor to the eternal wars to defend the dollar.
@@Fabian2044-x7d40 years ago the Swedish krona and the Swiss franc were worth the same, today 1 franc is worth 10 Swedish kronor. According to economic experts, Switzerland should have been in economic crisis for 40 years.
I'm not an economic expert, so I guess instead that Sweden has a huge bubble in real estate.
Euro
Franc (Swiss)
Kuwaiti Dinar
BRIC this is happening
Time to finally unsub