Quote:
Originally Posted by Ethersync
Yeah, the problem is we can not produce our way out of our debt. Oh, and another thing propping up the dollar is the fact that somewhere around 70% of the world's debt is dollar denominated. Most of the world's oil markets also trade in petro-dollars also. All this creates more demand for the dollar that would otherwise not be there.
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I read somewhere recently that one of the main reasons the dollar has been holding up so well lately isn't because of demand for dollars, but because most of the toxic assets people don't want right now are dollar denominated so people literally can't get rid of their dollars.