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https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
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The global community has agency, and it should really start to create plans for things like getting currencies off of the US dollar.
It is, from moving away from fossil fuels to bilateral trade being done in local currencies (back in the day America would just bomb you, but the dog has lost some fangs) and gold/silver stocking, but it's a gradual process. The dollar just needs to be highly devalued, I'm sure it'll continue being the global currency for many many years but not at this price point.
I feel ya, but the Trump administration expects that the global, local, and market response will be gradual. As soon as they start seeing quick responsive volatility that impacts Trump or his cronies, they TACO.
Given what’s happening with Venezuela, Greenland and the Fed Chair, I don’t know we’re not aggressively talking pulling out of US bonds and setting investment policy around that. That doesn’t have to be a gradual thing, it can happen swiftly.
People naturally started backing out of US bonds when Trump’s crazy tariffs started rolling out, and the Trump admin totally wussed out on a lot of that stuff.
Also, if the world is going to stop pegging their currencies to the dollar, they need to stop buying US bonds first. They need to diversify.
Agreed.