At first, it was just a quiet murmur in relatively isolated sections of the financial press. Today, however, the voices are growing louder: the US dollar could lose its role as the world’s global currency amid the breakdown of all the arrangements and mechanisms of the post-war period under the impact of the US economic war against the world initiated by President Trump.
lol I’ve been calling this ever since it became apparent that, shortly after “liberation day”, most of the holders of US sovereign debt all coordinated to start gradually selling their bonds. THAT is actual 4D geoeconomics chess. We shoot ourselves in the dick with tarrifs, hurt all of our allies, so they respond by putting our balls into a big fiscal vise and are all slowly turning the handle tighter and tighter together. If the imbeciles in charge don’t reverse course at some point in the VERY near future, this is going to lead to the USD being dropped as the global standard. And considering the shit we’re pulling lately, maybe that’s not the worst thing.