I’ve read more than one economist say there’s less than a year left of the dollar being the world reserve currency. Whatever timeframe I am not sure, but it’s definitely not a forever thing.
People in the US are in for a rude awakening both economically and when their increasingly unhinged government starts desperately lashing out. One of the big motivations for the Nazis to invade Poland when they did was a bunch of loans they had hidden with financial trickery were about to come due and they couldn’t pay.
I mean, if the US dollar does collapse it certainly won’t be a forever thing, but the people with the most money in the world have a LOT of resources to keep things the way they are. I’ll be surprised if the keepers of the cash let the cash become devalued.
The wealthy don’t keep much cash. I’m pretty sure Trump has said that he wants a weaker dollar, or at least implied it. I’ve heard some people speculate that the admin is purposely trying to end the dollar’s status as the world’s de facto reserve currency. If they’re serious about bringing most manufacturing back to the US, the dollar needs devalued, and real wages need to plummet. The admin is also heavily involved in crypto schemes.
Almost every currency, crypto included is valued against the USD, I just don’t see everyone moving to dogecoins if suddenly it costs $340,000 to buy a hamburger. There is very real incentive to throw every possible resource behind keeping the middle-class complacent and comfortable for as long as possible.
I’ve read more than one economist say there’s less than a year left of the dollar being the world reserve currency. Whatever timeframe I am not sure, but it’s definitely not a forever thing.
People in the US are in for a rude awakening both economically and when their increasingly unhinged government starts desperately lashing out. One of the big motivations for the Nazis to invade Poland when they did was a bunch of loans they had hidden with financial trickery were about to come due and they couldn’t pay.
I mean, if the US dollar does collapse it certainly won’t be a forever thing, but the people with the most money in the world have a LOT of resources to keep things the way they are. I’ll be surprised if the keepers of the cash let the cash become devalued.
The wealthy don’t keep much cash. I’m pretty sure Trump has said that he wants a weaker dollar, or at least implied it. I’ve heard some people speculate that the admin is purposely trying to end the dollar’s status as the world’s de facto reserve currency. If they’re serious about bringing most manufacturing back to the US, the dollar needs devalued, and real wages need to plummet. The admin is also heavily involved in crypto schemes.
Almost every currency, crypto included is valued against the USD, I just don’t see everyone moving to dogecoins if suddenly it costs $340,000 to buy a hamburger. There is very real incentive to throw every possible resource behind keeping the middle-class complacent and comfortable for as long as possible.