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[–] user17 0 points 2 points (+2|-0) ago 

The purpose of the dollar as global reserve currency is to allow the issuing country (USA) to run a permanent trade deficit; where other countries give us real "goods" and receive "cash" (fake) in return.. Arguably the biggest financial scam in world history.

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[–] Paladin_Diver [S] 0 points 1 point (+1|-0) ago 

Agreed. I recall a Barron's article about a decade ago that speculated that ending the Petrodollar reserve status would drop US wealth by 20% overnight.

It'd be a cause concern if America's real worth wasn't intellectual capital.