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#26: Erik Townsend On The Intersection Of Distributed Ledger Technology And Global Macro Investing

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The De-Dollarization Trend in the US

The US derives a tremendous amount of power from being the global reserve currency issuer. There are some economists who feel that the US dollar by being reserve currency is subject to so much artificial appreciation it creates a huge barrier to export their product. But I very much fall on the side that Ray Dalio falls on, which is the US gets immense, immense value from being the world's global Reserve Currency Issuer.

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