Re:The Global Dollar Short Squeeze
by neilwilson on Friday April 10, 2020 @07:45AM
(#22832017)
Repaying debt is the same as an increase in the store of savings.
Your personal balance sheet moves in the same direction from a lower value to a higher one.
So outside of the US, no USD is not just a store of savings, it's a means of repaying debt. Hence why people want it and will accept it as a first preference over most other currencies when international transactions need to be made.