Replying to Avatar Tony Acid

Because most other CBs keep about 60% (directly) forex reserves in USD held at FED, and can be seized any time in minutes causing other, local currencies loose value immediately. Aftermath such actions is local governments loose power to govern people and chaos follows.

FED controls not only other CBs, but entire countries.
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JesterHodl 11mo ago

So the FED story is the only story CB story that practically matters, because of the global currency pecking order? That would explain it.

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Tony Acid 11mo ago

at least that's my understanding, and if you add math of paying debt interest of each country on top of debt interest reserve currency you see why USD is the king of all fiduciary currencies.