Well Post WWII the US dollar rebuilt Europ
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Post WWII the US dollar rebuilt Europe. Those dollar turned into Eurodollars as countries horded them. So the US dollar backs up the Eurodollar is the point and isn't considered sovereign debt by the FED as they don't keep track of it. However taxpayer's get the bill for it . Now 20 Trillion. From the best I can tell the Obama FED pumped in 10.6 Trillion to prop up the Eurodollar. So in reality the US tax payer is paying the EU bills.
Seems UK pulled out of the EU to protect its currency against the pending Eurodollar collapse as it isn't sovereign debt to the US. But Debt of Bankers.
My thoughts.