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Toolie92

Joined: 03/05/2015 Posts: 11948
Likes: 10486


The whole basket idea has not seemed to take hold yet to me


Isn't this the same fear that has been running around since the Reagan tax cuts made the idea of a US balanced budget impossible?

The world central banks have had plenty of opportunity to flee the US dollar, and they largely haven't. Maybe because of globalization there is no real diversification in risk by doing so, or other currencies have their own time bombs. It is not like the EU is getting more stable politically or economically with each passing year, and China has their own time bombs - at least you can see and track US debt.

Share of USD in Official FOREX Allocated Reserves (source IMF)

2000 -71%
2005 - 68%
2010 - 62%
2015 - 66%
2020 - 62%

(In response to this post by Hoogle.com)

Link: IMF data


Posted: 10/29/2020 at 3:44PM



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Current Thread:
 
  
Big changes ahead for the US Dollar? -- farragut 10/29/2020 12:18PM
  Here comes the Yuan. ;) ** -- AcousticHoo 10/29/2020 11:06PM
  A penny is worth more than a penny...... ** -- Zhoo 10/29/2020 10:26PM
  So all my $3 bills are no good? ** -- Hoodaddy22 10/29/2020 5:54PM
  Question: Why do they call them emerging markets? -- eric cartman 10/29/2020 4:23PM
  Emerging markets -- farragut 10/29/2020 4:50PM
  I think he means this .... -- 1994Wahoo 10/29/2020 1:25PM
  OK, I going to have to watch that ** -- GoochlandHoo 10/29/2020 2:27PM
  Apologies -- farragut 10/29/2020 1:17PM
  Should have adopted the $2 dollar bill decades ago. -- HOOGATORB 10/29/2020 12:33PM
  What's a realistic replacement? ** -- carolinawahoo 10/29/2020 12:26PM
  Im long in hookers and blow ** -- U235 10/29/2020 4:19PM
  The Big Mac ** -- GoochlandHoo 10/29/2020 2:03PM
  Not so much a replacement, but -- farragut 10/29/2020 12:48PM

Virginia Basketball Schedule

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DateOpponentTime/TV/Score
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