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<p>[QUOTE=&quot;GoldFinger1969, post: 26776098, member: 73489&quot;]That&#039;s why all this crap from other countries like France -- Triffin&#039;s Dilemna, Exorbitant Privilege, etc. -- was alway BS.</p><p><br /></p><p>Any other country could in theory be the global reserve currency (well, they could ask for it -- whether their capital markets are deep enough is another question <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />)...but they didn&#039;t.</p><p><br /></p><p>Why ?</p><p><br /></p><p>Because they want to export and run trade SURPLUSES and capital account DEFICITS....and they want to accumulate gold (under Bretton Wooods) not bleed gold for decades.</p><p><br /></p><p><i>You think deGaulle would have the Franc be the global reserve currency and kill his export sector....have the Bank of France lose gold....etc. ?</i></p><p><i><br /></i></p><p><b>They want the benefits of being a global reserve currency....without being willing to pay the price.</b>[/QUOTE]</p><p><br /></p>

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