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2025-01-16 11:44:12
in reply to

Laeserin on Nostr: People offshore are also increasingly desperate for dollars. They can't transact as ...

People offshore are also increasingly desperate for dollars. They can't transact as efficiently, with their national currencies, so tightening the dollar cripples their businesses.

The dollar doesn't just have to grow with the American economy; it has to grow with the economies of every person using it. That's the downside of being the reserve.
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