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$50 Billion, $100 Billion, $50 Trillion, $100 Trillion Dollars from 2008
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w1891
Posted 5/6/2024 13:53 (#10730874 - in reply to #10730826)
Subject: RE: $50 Billion, $100 Billion, $50 Trillion, $100 Trillion Dollars from 2008


S Illinois		No you don’t understand what a reserve currency is. Simply using each other currency to trade goods back and forth between each other in something other than dollars does nothing to the strength or weaken the dollar. Reserve currency is not peer to peer trading. Reserve currency is currency held over long periods of time. Think of it this way if you bought $100 of oil and then the oil supplier turned around and bought $100 of grain from you using dollars. That transaction gives zero strength to the dollar. It’s when one party holds dollars that gives rise to reserve currency.


This end of the dollar because of BRICS is the same old anti-Western propaganda. Ask yourself or 69Cat if you would rather hold Dollars or Yuan. That should give you your answer right there. And countries will not hold Yuan if there is restrictions on redemption. Good luck getting China or whomever to allow that.

Edit : addition of “not”

Edited by w1891 5/6/2024 14:04
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