How the dollar's 'exorbitant privilege' enriches the USA (and global elites)
(Geopolitical Economic Report on YouTube)
(Geopolitical Economic Report on YouTube)
"How much does the US benefit from printing the global reserve currency? An economist calculated that US average daily income would fall by 27-57% if the dollar lost its "exorbitant privilege". Ben Norton explains how wealthy investors not only in North America but around the world hold much of their wealth in the dollar."
* * * * *
I've been around for over half a century. The future has never looked so bleak.
Interesting times, indeed.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.