Political Memes

2103 readers

1079 users here now

Non political memes: !memes@sopuli.xyz

founded 3 years ago

MODERATORS

462

Power balance (lemmy.ca)

submitted 2 days ago by RelativityRanger@lemmy.ca to c/politicalmemes@lemmy.ca

91 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] TranscendentalEmpire@lemmy.today 3 points 1 day ago (1 children)

I would be skeptical of them "dumping" anything, but they probably would start to slowly diversify their reserves.

Right now there isn't exactly a replacement other than gold, but that's really impractical as a replacement for the bond market.

[–] corsicanguppy@lemmy.ca 3 points 1 day ago* (last edited 1 day ago) (1 children)

there isn't exactly a replacement other than gold,

If only there was another currency used by a number of different countries.

What does France and Germany use? Can England back their pounds on the franc?

[–] TranscendentalEmpire@lemmy.today 2 points 1 day ago

What does France and Germany use? Can England back their pounds on the franc?

Are you asking if the EU can use the euro as a reserve currency?