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RE: Crash of Dollar is Imminent ~ Yale Economist Stephen Roach … (Death of the Dollar–31) with Link to Full Story
The US has neither earned the “exorbitant privilege” it has held for the past 60 years, nor deserved it
Hmm.... This is really deep..... This really got me thinking. I never knew about this though but I'm quite sure some people aren't gonna agree with this
Thanks for sharing this great post with love from @hardaeborla and I hope you have a great day ahead
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Most people don't understand the monetary system. They simply use it, and it apparently works well enough. But the fact is that the value of our fiat currencies is based not nothing but faith and trust.
As for the "exorbitant privilege," that's another thing most people don't understand. But they should understand the ramifications, particularly in these times.