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Wednesday, Sep 30, 2020
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How Global Trade Runs on U.S. Dollars

Nearly 90% of international transactions in 2019 were in U.S. dollars, giving the U.S. extraordinary power over nearly every entity that imports or exports anything anywhere. Here’s how the global economy runs on the U.S. dollar -- and why some countries are trying to chip away at its dominance.
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Giving money and power to government is like giving whiskey and car keys to teenage boys.

P. J. O'Rourke
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