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What keeps the USD going?
Notes
- risk of quantitative easing
- currence collapse: lack of faith in stability or usefulness of money - either to store value or as a medium of exchange (Ross)
- USD not backed by commodity but 'Government Fiat'
- USD is a reserve currency (along with Euro, JPY, RMB by IMF 2016)
- Bretton woods
- Greatest risk: high inflation with high debt – but other countries that export to US (e.g China) would not want it to fail
Sources
- Ross, Sean. (2020, April 12). What It Would Take for the U.S. Dollar to Collapse [Finance]. Investopedia. https://www.investopedia.com/articles/forex-currencies/091416/what-would-it-take-us-dollar-collapse.asp
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- 2021-01-21: initial document
fin/finance.txt · Last modified: 2021/01/22 08:07 by admin
