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coliveira on Sept 21, 2017 | parent | context | favorite | on: S&P Cuts China’s Credit Rating, Citing Risk from D...

This is not different at all from the situation of the pound sterling at the beginning of the 20th century. Of course it is easier to deal with US dollars, this doesn't mean anything for the health of this currency in the long term.

JumpCrisscross on Sept 21, 2017 [–]

> This is not different at all from the situation of the pound sterling at the beginning of the 20th century

Nothing is permanent. My point is arguing (a) S&P cut China’s credit rating to defend dollar hegemony is absurd on multiple levels.

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