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.
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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.
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.
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.
The doller has won purely because it is respected around the world
That is not correct, dollar won because US, being the economical winner of WW2, made all other notable capitalist economies dependent on it in Bretton Woods accords and effectively hegemonised oil trade in much of the world.
Well yes. That is why it was respected. America used it’s delayed entry to build it’s reduction capability. Used that to help win. Then not having exhausted it took advantage.
But while correct. It’s a more accurate way of saying the doller was respected. As a strong trade currency other nations could use.
They also fucked up entire Japan economy (and kicked hard several others) with it in Plaza Accords, dollar is a weapon.
Wikipedia disagrees with you. None of the other members of the Plaza Accords had an economic bubble. It blames the massive expansionary monetary and fiscal policies that lead from the Plaza Accords since Japan was now considered a major player in the international monetary system.
None of the other member of Plaza Accords was so dependant on trade with US (especially Germany since German Mark was the second currency in question), so while i would maybe agree about others not being kicked that hard, but those accords were aimed specifically at Japan.
Wikipedia disagrees with you.
I am once again begging liberals to stop treating Wikipedia like it’s The Holy Scripture.
I thought Trump and the project 2025 gang’s entire goal was the devaluation of the dollar.
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The dedollarization is a path with no return. The clever ones will join China and the BRICS before the fall. This will be the new global order.
I mean, if breaking the propaganda arm of US cultural bullshit (aka regulating US Big Tech) is a defining issue in this battleground, let’s make it BRICCS and add Canada as well. It’s too bad that BRICS has some incredibly authoritarian and brutally imperialist leaders themselves.
BRICS as an organization and not as a loose grouping concept is somehow less than the sum of its parts I always think
Brics is basically an alignment against the west, rather than for something. Each of the members has ambitions that are, at best, completely different from one another, and in some cases, contradictory. It reminds me of the cold war era non-aligned movement.
