USD and its Exorbitant Privilege, page-6

So everyone overseas who holds either usd or treasuries has a dilemma if they want to dump them.

The French were able to demand gold, for a while, until Nixon saw the writing on the wall and said nyet.

If a country wants to dump their usd then maybe they could use it to buy American companies? They won't get gold.

So, with the growing prospect of war, many countries are converting their currencies into usd.

BTW. Saw an analysis of Buffet's recent behaviour. He is holding more and more cash.



They claim that Buffet is the most watched financial guru yet if that was true then the market should be a tad lower.