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US Treasuries Have Become Unappetizing for Foreign Central Banks and Governments

152 points · 132 comments · iamnothere

  1. 1over137 · · focus · HN ↗
    US everything has become unappetizing for everyone outside the US.
    1. toomuchtodo · · focus · HN ↗
      Exorbitant privilege is a gift that lasts only as long as the trust does.

      <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Exorbitant_privilege" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Exorbitant_privilege

      <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=47635834">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=47635834 covers this succinctly:

      &gt; America was in practice running an empire that collected tribute from the rest of planet earth in exchange for entries in a database denominated in a currency they controlled and that was accepted everywhere. Really the only way it could go wrong is putting it under the control of someone who doesn&#x27;t understand the kayfabe...

      from

      Gold overtakes U.S. Treasuries as the largest foreign reserve asset - <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=47635056">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=47635056 - April 2026 (250 comments)

      1. ProjectArcturis · · focus · HN ↗

        [dead]

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