05-03-2025, 03:46 PM
yes as a reserve currency you don't need to hold a reserve that other countries are holding cause you can print it, as long as the faith in the currency remains which was what Russia tried to destroy by coercing China to sell UST and MBS during GFC (Which Russia sold all but China didn't) and why they have to do the wayang debt-ceiling debate
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)