Episode 139: Happy Deficit Day!
Words & Numbers
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The US Dollar Loses Its Position as the World's Reserve Currency
The US dollar worldwide has become a place where foreign companies, foreign governments park their wealth. Another consequence of this is going to be that the US dollar loses its position as the world's reserve currency. As we reach the point that the Federal Reserve has to start printing more dollars, we're going to start to see some inflation and foreign corporations are going to lose their appetite for holding dollars.
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