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A comment on De-Dollarization Is Happening at a ‘Stunning’ Pace. Parent comment

Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by throwaway4good on Wednesday May 03, 2023 @01:03AM (#35798221)
I find the idea that the US' willingness to run deficits is an uniquely American thing very curious.

To me it is obvious that any country in the world would do systematic deficits if they could do it without tanking the value of their currency.

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by nomay on Wednesday May 03, 2023 @01:37AM (#35798413)
Then thay are better off doing it their own currency, so they don‘t even have to pay back.
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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by uoaei on Wednesday May 03, 2023 @01:25AM (#35798357)
The budget deficit represents the monetary value of everything the government spends money on (e.g., places, programs, assets, investments, etc.).
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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by throwaway4good on Wednesday May 03, 2023 @02:13AM (#35798649)
I was referring to trade deficits.
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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by uoaei on Wednesday May 03, 2023 @02:12PM (#35805709)
And I was not. The statement holds for both anyway, in cases of hegemonic, sovereign, fiat currencies.
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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by throwawaylinux on Wednesday May 03, 2023 @04:21AM (#35799550)
Aside from petroleum profiteers like Norway, Russia, Kuwait, etc., what countries don't run "systematic deficits"?
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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by spacebanana7 on Wednesday May 03, 2023 @06:24AM (#35800442)
I find the willingness to run surpluses far more curious.

Emerging markets are surprisingly happy to give vast amounts of oil, gold and manufactured products in exchange for claims on overseas assets that can be frozen or devalued at the stroke of a pen.

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by TrapLord_Rhodo on Friday May 05, 2023 @12:03AM (#35825072)
well, they still have to pay the bond notes. The interest due on the US debt is around 40% of income tax.
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