Comment by wesapien

Read up on 1900s world history and what path dependency is. The dollar is the reserve currency because the USA won the title of world power near the end of the first of half of the 1900s. It was formalized in the Bretton Woods agreement in 1944. The US helped win the war and gained enormous trust and goodwill around the world which it has slowly been squandering since then. POTUS hit the turbo button just a few months ago.

The PRC has strict controls of their money because that is how they can became the factory of the world. They played the hand that were dealt with and battled adversity and they are reaping the rewards.

The president said today that the US trade partners and allies/friends have been taking advantage. You can easily verify if that is true or false. US capitalists moved production overseas to make more money at the expense of the local workers. That's the scam.