SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.01+1.6%4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
Recommended by:
ggersh
marcher
To: THE ANT who wrote (145443)1/14/2019 8:12:33 PM
From: Gemlaoshi2 Recommendations   of 217712
 
Ant,
The world including China will give a sigh of relief The US owner of the world reserve Currency has the responsibility to print
True. A certain part of US debt is due to its role as the reserve currency.

To paraphrase Keynes at the Bretton Woods Conference in 1947: "Any country that aspires to be the reserve currency will constantly be torn between its responsibilities to its domestic economy and its international role as the reserve currency. As such, it will perform neither role adequately."

Of course Harry Dexter White (the US representative) was convinced that the US wanted to play the role of reserve currency, and Keynes was speaking from experience of trying to revive the British pound.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News