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Cake day: February 5th, 2025

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  • Not to mention that currency from a specific country is valuable if others are interested in investing there or in their products

    As less and less governments and banks want to invest in the US, they lose interest in selling products in dollars, since the US doesn’t produce much anymore, just services

    So they create currency in absolute value, but in terms of real buying power they are dependent on the opinions of the rest of the world