Sentences with phrase «into global reserve currencies»
In other words, Ripple is attempting to turn XRP into a global reserve currency of such even though it may not seem that way just yet.
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The problem is for this or other currencies to become international reserves held by foreign central banks, the issuing nation has to run a balance of payments deficit to pump this currency into the global economy.
What could be more a more fitting end to being the world's reserve currency than to default in the end, but protect their own citizens, and send a large portion of the global banking system into insolvency, aside from that in the US?
US monetary policy with its unending bias toward stimulus, since we are the global reserve currency (for now), pushes inflation out into the countries that lend to us and into the commodity markets as well.
If the US dollar were not the global reserve currency, we would have long ago slipped into chaos.