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The first sentence of the quote doesn’t make sense to me. It says “everyone owning dollar-denominated assets will be running for the exits, all the dollars parked in foreign currency reserves will be repatriated…”
If people with dollar-denominated assets are running for the exits, isn’t that the exact opposite of people repatriating their foreign currency reserves? To me, “running for the exits” would mean people are getting OUT of the dollar, not repatriating foreign currency reserves back INTO the dollar, right?
What am I missing here?
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yeah, i think by repatriation he means that all of those people holding US dollars will be selling them back to the US, so all the dollars will end up back here as opposed to sitting in foreign banks, etc.
Repatriate: “send someone back to his homeland against his will, as of refugees “Â (Princeton.edu)– in this case, the US dollar.. lol
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