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/biz/ - Business & Finance

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18180932 No.18180932 [Reply] [Original]

https://en.wikipedia.org/wiki/Triffin_dilemma

>The Triffin dilemma or Triffin paradox is the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve currencies. This dilemma was identified in the 1960s by Belgian-American economist Robert Triffin,[1] who pointed out that the country whose currency, being the global reserve currency, foreign nations wish to hold, must be willing to supply the world with an extra supply of its currency to fulfill world demand for these foreign exchange reserves, thus leading to a trade deficit.
>The use of a national currency, such as the U.S. dollar, as global reserve currency leads to tension between its national and global monetary policy. This is reflected in fundamental imbalances in the balance of payments, specifically the current account, as some goals require an outflow of dollars from the United States, while others require an overall inflow.

Holy fuck looks like he was right, this is why so many of don't understand why the USD is strong right now.

>> No.18181005

>>18180932
Those who think the Fed doesn't know what it's doing are pure dunning-kruger

>> No.18181379

>>18181005
I'd say this will bring about the demise of the USD eventually & the rise of SDRs or some derivative of. It boggles the mind to think what the US will do with all the debt thats created to make USD. Few want to understand the double entry bookkeeping aspect of CBs.

>> No.18182385

Bump, this concerns Mutts...Watch it slide

>> No.18182425

>>18180932
How profit off this

>> No.18182581

>>18180932
I really like that gif, mind if I download it?

>> No.18182619

>>18180932
Read that as Triflin' dilemma and thought it had to do with being a triflin' bitch-ass nigga

>> No.18182649

There's nothing wrong with a trade deficit.

>> No.18182754

>>18181379
The dollar is 40% of the SDR and the US has innovations up it's sleeve. Don't bet against America

>> No.18182797

>>18180932
GEORGE GAMMON WAS RIGHT ALL ALONG

>> No.18182841

>>18181005
>pure dunning-kruger

Brainlets wikipedia'd a psychology term once and now take every opportunity to shove it in everywhere.

How shallow and pedantic.

>> No.18183028

>>18182649
Number 1! If you controlled the world's reserve currency & that currency is debt, why bother. The trade deficit is only going to get larger most likely. You Mutts & your love of debt. Can't wait for the creditors to come circling.
>>18182754
>The dollar is 40% of the SDR
Of course, as of now, things can change. looks like the next major change can be 2024. I'm sure they can/will do what the fuck they want.
>Don't bet against America
THIS >>18182841 & a typical Burger ignorant thing to say.

>> No.18183041

>>18183028
>The trade deficit is only going to get larger most likely.

That's fine. There's nothing wrong with a trade deficit.