Viewing a response to: @welshstacker/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! Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@silversaver888/re-welshstacker-ttlyh)
author | silversaver888 |
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permlink | re-welshstacker-ttlyh |
category | silvergoldstackers |
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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 GBPÂŁ. So it appeals to a wider audience. If you want jucy upvotes you got to play the game hahahaha
author | welshstacker |
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permlink | rpim0h |
category | silvergoldstackers |
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created | 2023-02-03 17:31:36 |
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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!
author | geneeverett |
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permlink | rpjx0b |
category | silvergoldstackers |
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Oh, I understand! Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@silversaver888/re-welshstacker-3w91k9)
author | silversaver888 |
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permlink | re-welshstacker-3w91k9 |
category | silvergoldstackers |
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created | 2023-02-04 04:17:51 |
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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.
author | welshstacker |
---|---|
permlink | rpjpv8 |
category | silvergoldstackers |
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created | 2023-02-04 07:52:24 |
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