Replying to Avatar Caleb James DeLisle

The fact that they wire USD through the SWIFT system doesn't really matter that much. You can wire EUR or JPY as long as it's exchangeable. What matters is what the recipient holds / invests in.

Countries tend to hold USD because they have USD denominated debts, and every other currency inflates faster than the USD so it just makes sense.

BTC may threaten the USD though, when it gets large enough.
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woodland creature 2y ago

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>The fact that they wire USD through the SWIFT system doesn't really matter

it really does matter. not sure what your agenda is, but what it does is create international demand for dollars. people who hold dollars spend them

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Caleb James DeLisle 2y ago

Not if they convert it to something else as soon as they receive it.

Anyway, the point is the USD is still the cleanest dirty shirt and there's nothing on the horizon which can seriously threaten it (except Bitcoin, but that's very much on the horizon)