|
>>>
6. The U.S. dollar enjoys unprecedented credibility with virtually no perceived risk of confiscation or devaluation. Also, Trump’s vigorous assertion of economic, financial and military strength, especially in his showdown with China, raises the greenback’s credibility and appeal…
>>>
I'm trying to decide if this 'massive dollar run' is a good thing or a bad
thing for the U.S.
When one talks of a 'bank run' it usually means very bad news for the bank
in question - as depositors flock to yank their moneys out of it.
Would a 'massive dollar run' mean foreigners are trying to unwind their
dependence on the dollar for international transactions? Which could be bad
for the United States . . .
But the article lists six decent reasons for why foreigners will not be
trying to end their dependence on the Almighty Dollar.
I'll give you a seventh. Other than gold (which, it seems, is not portable
enough for international transactions) is there a medium of exchange more
trusted anywhere on this planet than the dollar?
Zim.
Mad Poet Strikes Again. |
| 