America’s banks are missing hundreds of billions of dollars

Re:America’s banks are missing hundreds of billions of dollars by itsoktocry on Wednesday March 22, 2023 @06:39AM (#35259160)

>if you promised the world that your currency can serve as a trusted foundation.

How do people get this backwards?

The US didn't say, "use our currency as the global reserve currency!" Countries chose and continue to choose to use the USD for global commerce. No one is forcing them, the USD really is valuable.

>World order is still fluctuating all as a result of these betrayals.

So raising rates is a betrayal, but allowing inflation to eat away at savings of those with USD holdings is not betrayal?

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Re:America’s banks are missing hundreds of billions of dollars by BurningFrog on Wednesday March 22, 2023 @07:13AM (#35259384)

Yeah, USD is pretty badly managed, but still better than most other currencies.

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Re:America’s banks are missing hundreds of billions of dollars by justincormack on Wednesday March 22, 2023 @08:04AM (#35259780)

Also the US runs a deficit so there are lots of opportunities to own dollars abroad.

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Re:America’s banks are missing hundreds of billions of dollars by scotty79 on Wednesday March 22, 2023 @09:13AM (#35260479)

And all the 'democracy spreading' in countries that considered selling resources for something else than dollars is just encouragement for other countries to make the right decission?

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Re:America’s banks are missing hundreds of billions of dollars by llampx on Wednesday March 22, 2023 @01:54PM (#35264680)

You know what the US does to country leaders who even talk about trading oil in currency other than USD? Hint: kill with impunity.

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