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   Investment Thoughts - Quotes on the Fly

US dollars Monopoly
Quote

 

"All Central Banks are equal, but one is more equal than others. The Federal Reserve is the monopoly supplier of US dollars. World banks need dollar funding and not just US banks, but the former are not allowed near the Fed's discount window. The greenback is easily the major funding currency worldwide."

 


 

The Dance of the Dollar, Crossborder Capital, March 2013

17.03.2013