RE: RE: What the end of the current reserve currency could mean for the USD.... by silversaver888

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silvergoldstackers · @silversaver888 · Feb 3 '23 (edited)

$0.47

RE: RE: What the end of the current reserve currency could mean for the USD....

Countries trade. The simple truth is that the US consumes a lot of products/imports a lot. It is very complex. The US incurred so much trade deficits because we were not taxing incoming products, or not taxing them nearly enough. Lots of help to other countries has gone out, and these countries couldn't pay. So complex...

Why don't you write about Great Britain's economy? I'm interested!

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@welshstacker · Feb 3 '23

Because its screwed!! Were in an even worse state than the US. Our debt:GDP ratio is climbing constantly. We have the worst economy in Europe and a stand alone currency used only by some 68million. 

Ill be more than happy to write about the UK shitshow thats unfolding st the moment but most members on hive are from the US and those that aren't understand more about rhe USD$ than the GBP£. So it appeals to a wider audience. If you want jucy upvotes you got to play the game hahahaha

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@geneeverett · Feb 4 '23

I think USA is far worse off.  When u count state debt also  we beat u guys. Plus reserve currency status will destroy us.  But it will be horrifying for entire world indeed.  The populations don’t know what’s coming. It’s horrific!

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@silversaver888 · Feb 4 '23

$0.03

RE: RE: What the end of the current reserve currency could mean for the USD....

Oh, I understand!

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@welshstacker · Feb 4 '23

$0.03

I wrote the ["what is a recession"](https://hive.blog/hive-167922/@welshstacker/what-is-a-recession-are-we-in-one-and-how-to-survive-one) post just for you. 

Any other suggestions? Im wuickly running out of ideas.

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