Comments by "Grim Affiliations" (@grimaffiliations3671) on "Saudi Arabia Just DITCHED The US Dollar." video.

  1. because its not
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  2.  @impacteternity8182  No it's not. People aren't just going to send their dollars to the US willy nilly. If they want to send them back, they have to buy from the US. And that isn't a bad thing for the US
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  3. not how it works
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  4.  @DeusExMachina50  not really
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  5.  @jeffmason2691  hush now, the adults are talking
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  6.  @kylenorris7537  people sill just start sending their money here for nothing in return then will they? Genius
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  7.  @DonnyThaDealer  for them to swap, someone has to be buying
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  8.  @netyimeni169  No one needs to buy their debt, they could stop selling bonds tomorrow and be totally fine
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  9.  @netyimeni169  no they dont. They could stop selling bonds at any time
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  10.  @kylenorris7537  Ah yes, people just send their dollars back for nothing. Genius
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  11.  @Main1Event  not how it works. You dont "export inflation" because you over spend, other countries import inflation when their currency falls in comparison to the dollar. That mainly happens because the importing nation has mismanaged their currency or current account balance. Its not like spending in the US magically gets teleported to other countries
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  12.  khadijazeeshan3995  If they're buying other currencies, then that means other nations are buying the dollars, so the world still maintains the same level of dollars reserves. If they buy back their own currency to support their exchange rates, that means other nations still want their dollars. The only way to replace the dollar is for the rest of the world to start running trade deficit with america, and i dont see that happening any time soon. As long as they sell the americans more stuff than they buy, they will have a surplus of dollars. And the interest rate is set by the fed, not demand
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  13.  khadijazeeshan3995  but why wouldn't they trade in it if they have a bunch of it lying around from their large trade surpluses?
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  14.  khadijazeeshan3995  It is indeed set by the feds. They can always use QE to keep their rates wherever they want them. This is how Japan has been able to keep their rates near 0 despite a debt to gdp ratio over 250%
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  15. this has no affect
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  16.  @DeusExMachina50  Nothing, the US doesn't need foreign countries to buy its bonds. They could stop selling treasuries altogether if they wanted to. And the trillion every 3 months doesn't matter either, if people want to save in US bonds, why should the government stop them? It's mainly US investors and pension funds that benefit
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  17.  @DeusExMachina50  This won't make the US lose its reserve status, for that to happen, the rest of the world would need to start running trade deficits against the US. That won't happen any time soon. But when it does eventually happen, yes, it won't affect the US in any drastic way because they will come out of it with a large trade surplus
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