16.02.2009 - Flaws of the reserve currency

From Goldseek.com: Many people think that because the US dollar is the world’s reserve currency that people/central banks must continue to own the dollar. This is flawed. What the US dollar’s reserve currency status actually means is that people/central banks already own the US dollar. What it does not mean is that anyone, domestic or foreign, has to hold on to dollars, let alone accumulate more..... Full Article: Source

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