At first, it was just a quiet murmur in relatively isolated sections of the financial press. Today, however, the voices are growing louder: the US dollar could lose its role as the world’s global currency amid the breakdown of all the arrangements and mechanisms of the post-war period under the impact of the US economic war against the world initiated by President Trump.
This is what will really put the U.S. soft power out of the game. But, we made our bed electing the asshat, so we deserve this. I hate that it’s happening like this, but its probably a good thing for the rest of the world to rely less on the U.S.
Anarchists ironically winning with decentralization of power
lol I’ve been calling this ever since it became apparent that, shortly after “liberation day”, most of the holders of US sovereign debt all coordinated to start gradually selling their bonds. THAT is actual 4D geoeconomics chess. We shoot ourselves in the dick with tarrifs, hurt all of our allies, so they respond by putting our balls into a big fiscal vise and are all slowly turning the handle tighter and tighter together. If the imbeciles in charge don’t reverse course at some point in the VERY near future, this is going to lead to the USD being dropped as the global standard. And considering the shit we’re pulling lately, maybe that’s not the worst thing.
Yup. Trump’s idiocy is going to cost America’s position as the World Reserve currency. Which in all globalized world means D industrialization of your nation unless you heavily invest in the working class. We created this problem and now want the world to buy American, when we don’t make anything of worth.
I remember when they started to say outsourcing everything was great and how companies moving overseas was awesome for the economy… And blah blah blah… I mean they might have been doing it before but in the 90’s ish is when I remember this happening and thought it was dumb as a child… And here we are today…
Replaced by what? Bitcoin lol?
CHF 🇨🇭
Countries all over the world hold a ton of USD debt, so its likely not happening.
