Is US Dollar Doomed? Part 2
Cited: Reuters
Continued from “Is US Dollar Doomed? Part 1“
THE KINDNESS OF STRANGERS
The reserve currency status is conferred upon the United States that so-called “the exorbitant privilege”, as it was called by the former French president Valery Giscard d’Estaing when he was finance minister, the past 60 years.
Because the dollar is in high demand, U.S. borrowing [...]