Posted by Bill(Wis) on March 22, 2016 at 11:44:53 from (216.46.173.36):
In Reply to: Re: inflation posted by Eldon (WA) on March 22, 2016 at 09:45:39:
The dismal performance of the currencies of the rest of the world makes the US Dollar the "World Currency". Literally. Commodities around the world are traded in US dollars. Even though the Bretton Woods accords no longer apply. Russia would love to sell oil in rubles. China would like to sell commodities in yen. But for them to try to do so would be a joke. The US dollar is the currency of the trading world. That's why there is such a high demand for dollars. Over two thirds of the dollars "in circulation" are outside of the United States. And, it will remain that way for a long time to come.
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