MacroVoices #343 Jeff Snider: Why the Dollar Remains King
Macro Voices
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The Eurodola System Is Still the Reserve Currency
The eurodola system is still the reserve currency. It's only because of the market place surrounding it. Unless, until there is a competing market place for some form of collateralized market, then the us. Treasuries are basically it. And i know people like zolton palser have speculated that we're going to develop, i more less, a less treasury centric system and used commodities. Which I find absolutely absurd.
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