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A comment on Former President Trump is projected to win the presidency. Parent comment

Re:Former President Trump is projected to win the presidency by nradov on Wednesday November 06, 2024 @06:53PM (#42071460)
Dump in favor of what? Euros? Yuan? Gold? For better or worse there's still no practical alternative to the dollar as the world reserve currency, regardless of how the supply is inflated. The BRICS group keeps talking about creating a new currency for international trade but they can't agree on anything specific.
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Re:Former President Trump is projected to win the presidency by Aeolun on Wednesday November 06, 2024 @07:11PM (#42071629)
The EU seems like a more stable thing than the US these days. Japan has always been a stable thing. The west can’t really do India or China, but those would also make better options than the US right now. It’s not unprecedented for people to flee the USD.
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Re:Former President Trump is projected to win the presidency by nradov on Wednesday November 06, 2024 @07:15PM (#42071661)
You're missing the point. There's not enough Euro or Yen denominated assets to make that work.

https://www.nber.org/digest/apr20/why-euro-hasnt-become-inte...

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Re:Former President Trump is projected to win the presidency by no_wizard on Wednesday November 06, 2024 @09:48PM (#42072827)
Could always move to a basket of currencies, that’s been proposed before
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Re:Former President Trump is projected to win the presidency by cyberax on Thursday November 07, 2024 @01:18AM (#42073941)
That's just an accounting problem. Once the countries start dumping dollars and buying Euros, the ECB can just create new Euros out of thin air to prevent it from appreciation.

Your own link basically says: "dollar is more stable and scalable, so people use it".

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Re:Former President Trump is projected to win the presidency by mindslight on Wednesday November 06, 2024 @08:47PM (#42072398)
All of the above with some real-time algorithmic settlement wizardry tying them together? Plenty of neoliberal looting to be had on the transition from countries holding high masses of assets to lighter weight just-in-time financial engineering, too.
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