this post was submitted on 04 Feb 2026
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Europe’s largest asset manager Amundi is reducing its exposure to US dollar assets and turning to European and emerging markets, its chief executive has said.

Valerie Baudson, whose firm has €2.4 trillion of assets under management, said Amundi would advise clients to shift away from the greenback over the coming year, warning that if US economic policy remains unchanged, “we will go on seeing a [weakening] of the dollar”.

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[–] supersquirrel@sopuli.xyz 17 points 21 hours ago* (last edited 21 hours ago) (5 children)

Even though it will send the US into a depression I can't wait until the world dedollarizes and causes a collapse of the US financial industry, my country is out of control and centrists here don't even remotely get how dangerous the cancerous empire of the US has become.

Centrists here think if we just elect Gavin Newsom the ship will right and the rest of the world will just forget the last ~10 years.

The loss in trust is permanent, as it should be.

[–] HowRu68@lemmy.world 6 points 21 hours ago (4 children)

centrists here don't even remotely get how dangerous the cancerous empire of the US has become.

Imo, " most people" simply don't want to know. Denial is a human condition, and it doesn't have an age, education or colour.

Destruction of the US shouldn't be a goal. It's especially the current US Gvment and their zealous crazy ideology that is the enemy, if you ask me. Same one as some other well-known known sickly "empires'. And it didn't just happen overnight or in 2025, there were many signs before that.

[–] SwingingTheLamp@piefed.zip 4 points 18 hours ago (1 children)

Leave aside the issue of blame. Other nations have no leverage to change the U.S. government. It's arguably even beyond our influence, but Americans have the best shot at changing it. All that others can do is to try to tear down the whole empire, and it's in their existential self-interest to try. If that leaves us Americans caught in the middle, that's just harsh reality. Denial is human, but if we want to escape it, we have to get organized.

[–] HowRu68@lemmy.world 1 points 18 hours ago

Denial is human, but if we want to escape it, we have to get organized.

Correct.

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