Correct. It's been Spain, it's been Portugal, it's been France, it's been the UK, and right now it's the United States. Correct. Each one of those nations lost their reserve currency status because they ultimately abused the privilege of having the reserve currency. They figured out, well, we can just keep printing money and the rest of the world has to eat it. (08:57–09:06)
CLAIM
Asserts that historical reserve currency holders lost status due to abuse.
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