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It does. But that advantage needs to be weighted against the way it enables asset-stripping, Anglo Disease style.

Which is why I think it might make more sense to be a global reserve currency rather than the global reserve currency.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Jan 13th, 2009 at 10:55:05 AM EST
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