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Delete US Currency Field to the Debenture

Delete US Currency Field to the Debenture

Aug 6th, 2022

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How to Delete US Currency Field to the Debenture

4.7 out of 5

3 votes

The speaker expresses concern about actions by Russia and China to establish alternative reserves and conduct transactions in currencies other than the US dollar. They emphasize that the US dollar remains the primary candidate for the world's principal reserve currency due to factors like democratic institutions, liquid markets, and the rule of law, which enhance its stability and value over time. While other countries may seek to create their own currencies, the speaker believes that the dollar will continue to dominate international commerce because of these advantages that competing countries lack.

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