The USD is the most used reserve currency, that will probably remain the case for a while yet, but it will probably decrease, and other currencies will be used more.
That’s not a problem for the world, only for USA. As it will make it necessary to print less money, and/or increase interest rates to stave off inflation. This will of course make USA a bit poorer than it would have been otherwise.
How dramatic the effect will be obviously depends on the speed this will happen at. I think it will be slow, so not very dramatic.
But I don’t think Trump understands the privilege it has been for USA to have the world leading reserve currency.
just the turmoil from moving from one to the other. Then lets say EU takes off, but they get psy-oped to FAFO also. Where does it end when in this current climate that there is no centralized barometer of value?
but what is even the method, if the us currency is cooked what make world work then?
The USD is the most used reserve currency, that will probably remain the case for a while yet, but it will probably decrease, and other currencies will be used more.
That’s not a problem for the world, only for USA. As it will make it necessary to print less money, and/or increase interest rates to stave off inflation. This will of course make USA a bit poorer than it would have been otherwise.
How dramatic the effect will be obviously depends on the speed this will happen at. I think it will be slow, so not very dramatic.
But I don’t think Trump understands the privilege it has been for USA to have the world leading reserve currency.
just the turmoil from moving from one to the other. Then lets say EU takes off, but they get psy-oped to FAFO also. Where does it end when in this current climate that there is no centralized barometer of value?