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Reply to "We almost (might have) lost reserve currency status"
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[quote=Anonymous][quote=Anonymous]Currency is tied also to foreign policy and relations. If someone holds the reserve currency, think about what you would do, if you had no faith that currency remains stable, you'd want to substitute it too! This is 1000000% based on Trump's craziness v American economic status/market. Nobody can argue with American power. The issue is not the cards we hold, it's the person playing the game. Nobody wants to play with him![/quote] The main reason countries want to hold dollars is they can buy oil with it. Most countries need oil, Saudi Arabia and oil rich countries use it. We have a deal with Saudi Arabia since the Seventies where they take dollars as payment and we provide protection. But, after they so what we did to Russia all rich dictatorships got nervous and started diversifying even more after Trump.[/quote]
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