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Power balance (lemmy.ca)

submitted 18 hours ago by RelativityRanger@lemmy.ca to c/politicalmemes@lemmy.ca

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[–] ikidd@lemmy.world 12 points 14 hours ago (1 children)

If Trump gets his wish and co-ops the Fed, they might as well start dumping USD. It's going to be on a wild ride after that.

[–] TranscendentalEmpire@lemmy.today 1 points 14 hours ago (1 children)

I would be skeptical of them "dumping" anything, but they probably would start to slowly diversify their reserves.

Right now there isn't exactly a replacement other than gold, but that's really impractical as a replacement for the bond market.

[–] corsicanguppy@lemmy.ca 1 points 10 hours ago* (last edited 10 hours ago) (1 children)

there isn't exactly a replacement other than gold,

If only there was another currency used by a number of different countries.

What does France and Germany use? Can England back their pounds on the franc?

[–] TranscendentalEmpire@lemmy.today 1 points 10 hours ago

What does France and Germany use? Can England back their pounds on the franc?

Are you asking if the EU can use the euro as a reserve currency?