The US dollar’s role in the international monetary system is now dangerously in flux
The US dollar’s role in the international monetary system is now dangerously in flux
www.chathamhouse.org
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25 comments
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Trump wants to take over the world. All he's succeeding in doing is remaking the world into one that doesn't need the US. And indeed has no use for us at all.
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It makes complete sense if you work from the angle that Trump is a Russian plant working to destroy America from within.
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Definitely a Russian asset. I think that's more or less clear at this point. But the acts he's taking seem more...stupid than calculated right now. I don't think it's his goal to destroy America (though it's certainly possible that his handlers want that); I think it's his goal to enrich himself, and he's just not too bothered by the prospect of destroying America in the process.
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It took the USA about 80 years to build the soft power that let it influence much of the world. trump is destroying all of that in less than 6 months.
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"Rome was not built in a day, but it sure as fuck burned in one."
-- Biggus Dickus
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“Art of the Deal”
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I keep having this one dumb thought, but the longer all this idiocy goes on, the more I feel like I might be right:
Trump's obsessed with Hitler, right? A big part of Hitler's ultimate rise to ultimate power was the German people facing hyperinflation. What if Trump and his clown car are looking at that like less of a challenge Hitler faced and more of a checkbox or a milestone. Like, "Gotta have hyperinflation if I wanna be a real Hitler!"
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A key difference is that Hitler didn't cause the hyperinflation.
I am irrationally hopeful that even most dumbasses who voted for him will realize that his policies fucked them, and can't save them
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I think my comment must be confusing that people think that I'm saying that Hitler faced hyperinflation as part of his reign vs that Hitler ascended to power by being attributed as the only one who could successfully face hyperinflation.
Kinda like people were saying, "these are crazy times, we need a crazy leader."
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Hitler got into power after hyperinflation though, he wasn't the one who caused it. It was the failure of the centrist government on the economy which led to the rise of the far right and far left in Germany.
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I've had a similar thought, though not quite to hyperinflation levels where people are burning piles of $1,000 bills to keep warm or anything. But say he reduced the value of a dollar a hundredfold: suddenly people saving for retirement with a million out two dollars would have the equivalent of ten or twenty thousand. Meanwhile, Elon would still have the equivalent of a couple billion dollars. Everyone would be poor except the ultra rich. That would enable big business to compete with China in terms of wages paid, which is the only real way to bring manufacturing back to the US. Seen that way, making America great again is about making it a manufacturing base again by turning the whole country into sweatshop laborers.
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Gold is going to go through the roof soon. Probably last chance to get any before it becomes unaffordable completely.
25 comments