The concept of a World Reserve Currency is complex—certainly beyond my expertise. As a layman, I wonder: what’s stopping Europe from creating its own reserve currency? BRICS is supposedly working on something similar.
The world will very quickly show us that they don't need the US. Trumps "America Alone" policies are enforcing that. This whole thing is going to set us back 100 years. How is that great?
The US position as the global currency standard is a key economic strength. It is being eroded by a volatile administration. We will be suffering economic impacts for decades due to governance by whim.
Elections have consequences. The USA will lose a lot! For what? One thing: there will be some well connected billionaires who will be profiting even more!
I said it as soon as Trump stopped playing nice with Europe. Our dollar has the value it does because of all the countries we trade with - it makes it so they can use it with us and each other. If they no longer are using it with us, then they will have no benefit in using it with each other.
The dollar will fall, permanently, and the outcome for America could be one of the largest depressions we've ever seen. Not only will it lose its value abroad, but with that loss of value will come loss of value at home. I'm jot sure America will ever recover.
They need to do this and dump U.S. treasury bonds. It will cause the U.S. economic house of cards to collapse and maybe then the people here who are too busy being worked to death to make ends meet will be able to help fight for a better tomorrow.
Who would have thought Trump would reduce America’s standing in the world, politically, economically, militarily and morally- in just a few short months. I knew it would be bad, but I didn’t think it would be this bad.
I think they can and I bet they will! Trump is endangering everything: our democracy, our culture, our education, research and development in many different disciplines, and our economy. If the dollar should lose its status as world reserve currency, our way of life will change dramatically.
Macron has to let the dollar sink just enough... the way we're going, with a recession around the corner, challenging the dollar could be feasible before the end of the year. No doubt, tariffs will help.
ABOUT TIME! The US Dollar and our inflation rate have been grossly and inaccurately and materially misstated since the Reagan administration - and I have the receipts, so to speak. The US Dollar is likely worth 20% to 50% of what it is said to be worth, and I can show supporting calculations! LIARS!
Not only have we had deficits climbing, ever since Reagan, but inaccurate inflation numbers. We could experience a GDP contraction of 3% per year for a decade, and still have an overinflated US Dollar! It’s that bad!
Yep, Trump is making America Great Again. When we come out of this nightmare, we will discover we are no longer great again, because the rest of the world has moved on.
We are the world's bank because allies trade on the dollar. They are allies because we were nice. We get to run huge deficits because of our status as bank. If allies start to barter, or trade on another currency, we are fucked. Fucked, but with nukes. Not good. Get it? Ask your smart people.
You plutocrats, and sympathetic foreign nation-states, need to quit talking about people & events. You need to talk ideas, conspire, and fix this Trump problem. And fix your fascist plutocratic peers. And you need to do it now. Now.
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Always has been.
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For those who don't know, in Cyberpunk 2077, the New United States of America (NUSA) has the euro dollar, AKA "eddies," as their currency.
And he blew it off … I knew this would come down the pike eventually.
But they both are, aren’t they?
Elon’s keeping up the day-to-day firings and the neo-nazism.
But Trump needs no help in being evil on his own.