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J.P. Koning: How much U.S. currency is held overseas?
9:42p ET Wednesday, July 3, 2019
Dear Friend of GATA and Gold:
Trying to calculate how many U.S. dollars are circulating outside the United States, Bullion Star monetary historian J.P. Koning deduces that the country's greatest export is simply Federal Reserve notes, and the trade is highly profitable to Americans.
Koning's analysis is headlined "How Much U.S. Currency Is Held Overseas?" and it's posted at Bullion Star here:
https://www.bullionstar.com/blogs/jp-koning/how-much-u-s-currency-is-hel...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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