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#reservecurrency — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #reservecurrency, aggregated by home.social.

  1. The #USdollar is a problem for everyone
    "In 1971, #US #Treasury Secretary #JohnConnally famously told his counterparts in G10 tt "the #dollar is our #currency, but it's your #problem". Connally was being unexpectedly candid abt e fact tt, even tho the #greenback was the world's main #reservecurrency, its foremost purpose was to advance #USinterests. That remains true today. The spillovers fr the #Fed's higher-for-longer #policy position r perhaps most pronounced in Japan"
    bangkokpost.com/opinion/opinio