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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 US Uses Its Reserve Currency Status to Bully the European Union

Central bank reserve assets are like the piggy bank for an entire country. It's the emergency assets that they sell in order to raise cash to defend their own currency if necessary in a crisis. A lot of people around the world are angry about the US abusing its authority, says Julian Zelizer. There simply is no viable alternative to the US treasury market for central bank reserve assets, he says.

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