America 'fought' hard to maintain the dollars status as 'the' reserve currency.........the fact that they abused the advantage they thus gained is no surprise, but the article suggests it's the fact of the dollar being the world reserve currency that damaged America; I suggest that's nonsense; it is the abuse of that very special privilege that has brought America and world to this new crisis.
Thank you for reading! To clarify, we were reporting that the *current administration* is framing it as a "structural liability" that damaged America. To your point, we mentioned this change of stance in the Addendum: "The White House’s own admission—that the the exorbitant privilege of the dollar’s reserve status is no longer viewed as an unambiguous asset by the U.S. government"
America 'fought' hard to maintain the dollars status as 'the' reserve currency.........the fact that they abused the advantage they thus gained is no surprise, but the article suggests it's the fact of the dollar being the world reserve currency that damaged America; I suggest that's nonsense; it is the abuse of that very special privilege that has brought America and world to this new crisis.
Thank you for reading! To clarify, we were reporting that the *current administration* is framing it as a "structural liability" that damaged America. To your point, we mentioned this change of stance in the Addendum: "The White House’s own admission—that the the exorbitant privilege of the dollar’s reserve status is no longer viewed as an unambiguous asset by the U.S. government"
You might also enjoy our "Metamorphosis of Money" article (https://bewaterltd.com/p/the-metamorphosis-of-money).
True, but, given human nature it was inevitable : in the history of mankind there has never been a privilege that was not abused.
True, but, given human nature it was inevitable : in the history of mankind there has never been a privilege that was not abused.
True, but, given human nature it was inevitable : in the history of mankind there has never been a privilege that was not abused.