News for hackers. Stuff that matters.

A comment on For the First Time, the Fed Is Losing Money. Parent comment

Re:For the First Time, the Fed Is Losing Money by yourusername on Tuesday March 28, 2023 @03:42AM (#35337173)
I don't think people are lining up to store their value in Rand, Real, Roebels or Rupees (but maybe Yuan). I know the US is devaluing the dollar all the time but still if i have to choose between keeping my savings in Rand or US Dollars that is a easy choice. But i'd take Krugerrands over Dollars.
[ Parent | on HN ]
Re:For the First Time, the Fed Is Losing Money by qeternity on Tuesday March 28, 2023 @03:49AM (#35337212)
Crypto’s largest use-case aside from retail gambling is to facilitation of capital control evasion in Asian countries, notably China. By and large the flight is into dollars.
[ Parent | on HN ]
Re:For the First Time, the Fed Is Losing Money by OscarCunningham on Tuesday March 28, 2023 @05:20AM (#35337843)
You could have said 'Renminbi' instead of 'Yuan' to keep the alliteration going.
[ Parent | on HN ]