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Slate Money: Should You Care About the Dot Plot?

Slate Technology

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The US Dollar Is the Global Reserve Currency

The US dollar is the global reserve currency. The Treasury Department and the US government consider all global financial movements to be their problem. Every bank in the world needs to have a presence in the United States. If there's some kind of thing they don't like happening anywhere in the world, given the fact that everyone transacts in dollars, they will always find a way to be able to stomp in and make fines.

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