Eli5: Why is the U.S. Dollar so powerful?
In: 208
Because we are a world wide empire and we’ve spent 100 years ensuring that would continue. There are a thousand reasons that makes it so, but the biggest one right now is the oil backed dollar – the fact that people with oil agreed to take USD as sole payment. Tying your currency to the most critical energy asset on the planet means that the USD is king.
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