Delete comment from: Captain Capitalism
Tucanae Services said...
CO80401 said...
"The main reason we are the worlds reserve currency is because of the deal we made with Saudi Arabia after WW 2."
I disagree. The reason we were/are the reserve currency was the fact that after WWII there were only two significant economies left intact on the planet. Ours and Argentina. The rest of the world of any significance had been flattened.
Before anyone laughs at Argentina, go back in the history books. Its economy was about a third the size of the US in the 30's. It was the fastest growing country anywhere for the period. It was the richest country in south america at the time. Then they caught the socialism disease after WWII and its been downhill ever since.
Jun 2, 2017, 6:52:48 PM