The US Dollar is NOT the global reserve currency. The global unit of account is the EuroDollar, it just so happens that it is currently pegged ~1:~1 exchange value.
I say ~1 because sometimes you can buy USD100k treasury for <USD100k cash/eurodollar ledger money and sometimes it is the other way around :)
Whadya reckon?
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It is also why Nixon killed convertibility. Ledger money was growing outside of the US but was able to be redeemed for gold… can have that shit going on as that it printing someone else’s money and then buying their gold off them :) #nixonwasntthevillan.com