How Has the US Dollar Held Up as “Global Reserve Currency” During Q2 Turmoil?
by Wolf Richter, Wolf Street: Declining Hegemony. But still Hegemony. Other countries have huge trade surpluses, which bolster their financial system and economy. The US has huge trade deficits and huge budget deficits and a ballooning public debt, and businesses carry an enormous pile of debt, but the economy and financial system are propped up by the US […]
Source: https://www.sgtreport.com/2020/09/how-has-the-us-dollar-held-up-as-global-reserve-currency-during-q2-turmoil/?utm_source=rss&utm_medium=rss&utm_campaign=how-has-the-us-dollar-held-up-as-global-reserve-currency-during-q2-turmoil
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