World's "reserve currency" has changed throughout history

Re: Does the National Debt ~REALLY~ Matter? ..Maybe Not.. -- Iron Worker
Posted by RichAndPretty , Tue, Dec 26, 2017, 11:11:50 Post ReplyTop of ThreadReviews by RichAndPrettyFirst Amendment Message BoardMain BigDoggie.net site

The United Kingdom's pound sterling was the primary reserve currency of much of the world in the 19th century and first half of the 20th century.

I imagine the current reserve, the US dollar, will also change someday. When it does, look out; the debt will certainly matter.

RAP

PS: I view the USA like the guy who falls off a 25 story building. As he passes each floor, he says, "so far, so good" (but MOI has no idea what floor we just passed.... BEEP BEEP).


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