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I heard that when some country wants to pay in a different currency than USD for oil, a coup suddenly happens, or a helicopter comes and the president gets kidn
by baby 2mo ago
I heard that when some country wants to pay in a different currency than USD for oil, a coup suddenly happens, or a helicopter comes and the president gets kidnapped
- sarchertech 2mo agoThe US dollar being the global reserve currency makes exports more expensive though.
- inigyou 2mo agoIt basically means most of the world's currency wealth is held in the USA or backed by the USA. So the answer would be the finance sector - it's subsidized by the rest of the world.
- sarchertech 2mo agoThat’s a stretch for the topic at hand. You can say hey the US does this probably morally equivalent thing, but when people are talking about subsidizing domestic companies so they can outcompete foreign companies in foreign markets, this isn’t what they’re talking about.