#rve

Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency. ↗

— Robert C. Solomon

#become #been #currency #euro #europe

Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today in movements of reserves among countries. ↗

— Robert C. Solomon

#back #balance #countries #days #deficits

If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has to be a supply of it. ↗

— Robert C. Solomon

#currency #demand #growing #increasing #only

So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments. ↗

— Robert C. Solomon

#become #center #currency #deficit #euro

The dollar is currently the principal reserve currency in the world. ↗

— Robert C. Solomon

#currently #dollar #principal #reserve #reserve currency

The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure. ↗

— Robert C. Solomon

#between #billion #bills #currency #dollar

To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve. ↗

— Robert C. Solomon

#around #based #countries #degree #dollar

If you would have a faithful servant, and one that you like, serve yourself. ↗

— Benjamin Franklin

#like #servant #serve #would #you

They are no longer going to serve you well. You have to commit. I think the biggest word is commit. I hear women say to me all the time, and men - I want to, I want to. ↗

— Suzanne Somers

#commit #going #hear #i #i think

As long as I loved and served Christ I could be anything I wanted to be. ↗

— James Green Somerville

#christ #could #i #long #loved