What makes the US currency so strong and what is missing from other countries...

Evil_kitten
Evil_kitten

what makes the US currency so strong and what is missing from other countries that their currencies are shit compared to the US ?

Other urls found in this thread:

youtube.com/watch?v=GNo7MDN5-0g
en.wikipedia.org/wiki/Bretton_Woods_system

haveahappyday
haveahappyday

DOPECOIN will be the next us currency

takes2long
takes2long

Best country

askme
askme

after ww11 many countries were holding onto us currency with the promise to get gold in return. the us soon afterwords were like jk.jpg and no longer gave gold in exchange for yankee dollars. the other countries simply just kept the us currency since many other countries had it too.

idontknow
idontknow

youtube.com/watch?v=GNo7MDN5-0g

Poker_Star
Poker_Star

yeah but nowadays, imports-exports is the determinant of currency strength. should governments be worried about it and make socialistic regulations ?

Gigastrength
Gigastrength

en.wikipedia.org/wiki/Bretton_Woods_system

Sharpcharm
Sharpcharm

Two words

Nuclear Fucking weapons

Emberburn
Emberburn

is taxing imports or protectionism justified ? if not, what should be done to strengthen currency ?

BinaryMan
BinaryMan

Its population. Most people are not as hard-working and uncorrupted as Americans. Electing Trump was one of those smart decisions Europeans would be too brainwashed, corrupted, cowardly and soft for. I'm European.

MPmaster
MPmaster

I'm European

viagrandad
viagrandad

When countries buy oil, they must do so only using US dollars, this is one of the factors which maintains steady demand for US dollars.

idontknow
idontknow

foreign reserves
major if not biggest trading partner for most big economies, that means that internationally it has a lot of liquidity more so than other major currencies like the Euro, Pound Sterling, and Yen

kizzmybutt
kizzmybutt

answer this question please

PackManBrainlure
PackManBrainlure

Oil you dips. You can't buy oil without USD which obviously creates a massive demand for the currency. Before that our was war profiteering. The US acquired some 65% of the worlds above ground gold reserves sitting on the sideline selling arms to Europe during WW2

Burnblaze
Burnblaze

No it's not justified. It's a bandaid solution for the real problem: poor social mobility mostly because of education shortfalls meaning that manufacturing workers can't easily become involved in the services economy.

The left will say the real culprit is deregulation which allowed those manufacturing jobs to go off-shore, but I think that's just as short sighted as protectionism. You can't hold business hostage because it causes inflation, prevent product line expansion etc. etc.

BlogWobbles
BlogWobbles

that's three words btw

CodeBuns
CodeBuns

but what about a country whose people like imported products more ? like, they don't produce much because the demand is not as much as demands for imported products ?

why do americans use american products ? the whole world uses american products...

King_Martha
King_Martha

I have no idea what the first question means, are you talking about places with massive trade deficits? Or are you asking about what happens to the US currency if they become protectionist?

The second is a three word answer: World War II

StonedTime
StonedTime

Education shortfalls

If anything we've got too many college grads and not enough high school grads that can pass a drug test/background check.

Need_TLC
Need_TLC

the whole world uses american products...
Lemme guess, Amerifat?

There are huge product groups where people would rather eat bugs than buy American. Cars, for example. German engineering is a "thing", American, not so much.

Garbage Can Lid
Garbage Can Lid

It is the only currency accepted by the US government. Citizens are required to pay it (by threat of force) for tax debts. US has highest GDP. Isolated geographically from any major threat. Strongest military in the world. Low corruption. Political establishment interested in its long term survival.

Harmless_Venom
Harmless_Venom

Low corruption
lol

farquit
farquit

Try to get your Visa renewed in a small town in China. Try to drive through Mexico without a pocket full of dollars for the cops.

TechHater
TechHater

If anything we've got too many college grads
Not arguing that. But I think we can both agree that the degrees are largely fucking useless in terms of content.

If American Highschool are anything like my country's the lifeskills taught are non-existent, and the philosophy even less so, and forget about Rhetoric or Finance.

Lord_Tryzalot
Lord_Tryzalot

This is the only good answer in this thread and it's being ignored
Veeky Forums

Sir_Gallonhead
Sir_Gallonhead

yes, what is the most justified way to deal with trade deficits ?

WWII
care to explain ?

Soft_member
Soft_member

1) low inflation (see zimbabwe, post ww1 germany)
2) never defaulted on its debts

likme
likme

yes, what is the most justified way to deal with trade deficits ?
Export more, or develop local alternatives.

WWII
care to explain ?

Work it out for yourself, with half of Europe bomb to shit, and with the rise of the Iron Curtain what was the only full-capacity developed economy left? The US... also the British Empire collapsed.

Methnerd
Methnerd

Wilhelm bending forward like that is pretty hawt, especially with the jack leather boots. post moar

Firespawn
Firespawn

We're the most important country in the world, of course our currency is going to be strong.

RavySnake
RavySnake

Export more, or develop local alternatives
who ? the people or the government ?

Work it out for yourself
but how does it answer my question "how can americans feel comfortable of using their own products while other countries need to use american products to feel comfortable and 'catching up'" ?

AwesomeTucker
AwesomeTucker

I thought the British colonized Zanzibar

King_Martha
King_Martha

Export more, or develop local alternatives
who ? the people or the government ?
What!?

but how does it answer my question "how can americans feel comfortable of using their own products while other countries need to use american products to feel comfortable and 'catching up'" ?
That's not what you asked, you asked why the World uses American products... and I told, you: after WWII the US were the only full-capacity highly industrialized nation in the free world.

Express yourself clearer

SniperGod
SniperGod

What!?
come on. so should the people be more entrepreneurial or should the government make regulations ?

but now, i'm talking now, people accept US culture and products more than the US to foreign products. why ? foreign candies are always interesting to nonamericans but why are they always weird to americans ?

SniperWish
SniperWish

Capital flows do, not just ex-im. The US has more attractive investments than just about anywhere which also creates a reflexive process that helps ensure continuous inflows due to the rising currency amplifying gains.

Yes, depending on the manner of how it's done and the purpose. Free trade is generally always bad except in very select cases.

DeathDog
DeathDog

Bretton woods ended in the 70s. It hasn't been relevant in ages.

cum2soon
cum2soon

The strength and effectiveness of the US military is what keeps the dollar strong.

The US is hegemon and their currency is the defacto standard.

hairygrape
hairygrape

Free trade is generally always bad except in very select cases.
but the US has the freest trade.

Harmless_Venom
Harmless_Venom

One of the freest, but yeah, it's awful.

iluvmen
iluvmen

how is it awful ? socialism makes it awful

Snarelure
Snarelure

Free trade is just labor, regulatory, and tax arbitrage. Because of it, we've had higher real unemployment, have had wages peak in 1999, soaring debt and deficit across the board, mass consolidation of industry, and a bunch of other horrible shit.

The US doesn't have socialism. No, sorry, welfare =/= socialism. In fact, welfare is the only reason we haven't been in a depression for ~3 decades.

JunkTop
JunkTop

this is it right here folks.

US$ is best $ because it is THE petrodollar. Our world economy is oil.exe, thats where its strength lies. Why stems from the fact that the US military has always been there to enforce and administer the trade of resource wealth for shitcoin tier fiat currency.

kek at uncorrupted

Fuzzy_Logic
Fuzzy_Logic

Low corruption
top top kek

Carnalpleasure
Carnalpleasure

This and the US being safe from inside and outside threats that can collapse its system(despite what the news media says).

TreeEater
TreeEater

The American people, a history of success, the US military, the American banking and financial system.

There you go.

Snarelure
Snarelure

You can have all the Democracy you want, but we have the bombs!

RavySnake
RavySnake

I already do that in Mexico you faggot nice false news with alternative facts.

viagrandad
viagrandad

pic related

BinaryMan
BinaryMan

so should the people be more entrepreneurial or should the government make regulations ?
Don't write "the people", write "private sector". In an ideal world it would be private sector initiative, but that is unlikely to happen because of the nature of corporate policy making and quarterly reports.

Government intervention doesn't always have to be regulatory, it can be through information and PR campaigns, it can be through offering rebates or tax incentives, loans, or even cash.

A Trade Deficit is precipitated by a wide variety of factors, and there is no singular fix in reality. There are many remedies, like I've stated

i'm talking now, people accept US culture and products more than the US to foreign products. why ?
Two different questions, the saturation of American culture is largely because of American soldiers stationed in Europe and Japan during and after WWII and British Empires spreading of the English language. That introduced American "culture" to

The Americans also are the masters of mass-media. Also it's cheaper for a distributor to purchase the exhibition rights to an American film than produce a wholly new product. Australia and France were originally larger net producers of silent films than the US. But the Americans mastered mass-media.

You're conflating a lot of different phenomena for which there isn't a singular root cause other than American supremacy of the Western World because of World War II.