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...
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
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".