BRICC current dedollerization has more to do with his tarrifs attacks harm to international trade then then anything else. Making trade with your nation less profitable. Is a rather stupid move if you want the world to use your currency to trade amounts each other.
When the global currency is run by a petty man child. It is the nations not making an effort to move away from it that are more worrying.
Imagine working 40 years at the CIA destabilizing the global south for this dude to do a Strangelove and wipe his ass all over your life’s work cause his dick stopped working
You love to see it.
Glory to comrade JDPON Don! 🫡 /s
May if he wasn’t actively crashing the dollar, people wouldn’t want to move away from it.
Countries that value financial sovereignty would still be interested.
Countries that value financial sovereignty.
Keep it by storing a tradeable reserve in other currencies. And or gold and silver but that has become less common.
The doller has won purely because it is respected around the world. Because most nations have some desire to trade with the US.
As that desire weakens sovereignty or your own currency is less strong if you are holding less stable currencies. And the doller is looking less and less stable every time trump talks.
Everyday I wake up wishing that this rapist President will finally choke to death on his well done steak and that his supporters will join him in hell.
we would not be the same country any longer
Newsflash: you’re way past that point. No one believes, trust or respect the USA any longer.
De-dollarization can’t happen fast enough, as the dollar is one of the pillars of US power. Good thing countries are banding together to make it a priority.
It’s also interesting for California and other blue states.
Since Trump is attacking the blue states especially, there’s a form of warfare there. As we all know, wars are really expensive and are often decided by who can stay solvent longer.
Normally, that would be California and other blue states, because they have the better economy. If they stopped paying taxes, that would severely harm Trump.
However, through the federal reserve, Trump can just print infinite amounts of dollars, and that effectively overrides the blue states’ strong economy.
So the blue states have a serious interest in de-dollarization, sothat Trump’s money-printing federal reserve becomes meaningless.
Explain how Trump can order the federal reserve to simply print infinite money? That seems like a total lack of checks and announces. I don’t see that happening at all. But it sounds good online.
basically when the federal government goes into debt, that basically means that the federal reserve which you can imagine like a big bank hands out a loan to the government.
the government doesn’t really have to pay back that debt, ever. (it technically has to but that can be avoided by simply taking out a new loan at a later time).
i hope i explained that correctly.
It does have to pay interest on that debt to all the bond holders, if it doesn’t then the bonds lose value and everyone that owns them trys to offload them.
Musk declared on Twitter, “We will coup whoever we want! Deal with it”.
i used to think that trump et. al. unmasking de facto american international policy would help make americans understand what’s happening, but now it’s clear that they just never cared.
“Trump insider” sounds like a tapeworm
