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Wall Street Is Quietly Funding Itself in Renminbi — and Goldman Is Leading the Way
(europeanbusinessmagazine.com)
this post was submitted on 27 Apr 2026
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US treasury is regulating interest rates in a balance between controlling inflation and keep the currency stable.
When interest rates are so high and inflation is still above the desired level, it's a sign of pressure against the USD, and a weak economy. Or at least an economy that doesn't have much trust. High interest rates attract money but lowers investments as investments become more expensive to finance, and high inflation lowers consumption.
I just heard a few days ago that the use of the USD as a global reserve currency has dropped significantly since Trumps "liberation day" maybe as much as 30%! Which is insane if true.
With this high interest rate, it will be very expensive for the federal government to finance the federal debt. And with the USD slipping as the global reserve currency, USA can no longer just print the money to pay it off, without creating more inflation and weakening the US dollar.
It seems USA is about to wake up to the reality of not being the global leader, and now having to pay their bills like everybody else.
Apparently people in China have been joking about Trump being their comrade since last year. People keep claiming he's working for Putin, but China is the real benefactor here. Trump couldn't help them more if he tried.
The worst part is Americans will not recognize why this happened as we are too uneducated about our own place in the world. They're more likely to fall for anticommunist fear mongering and blame the left in their own country for problems created by fascists. As a result, no reforms will happen and America will continue to become irrelevant. I'm not looking forward to that shitshow, and neither should anyone in this hemisphere. I'm so scared of the horrors an unstable and desperate US might inflict.
It's like Brexit with the exception, that most citizen of the core country of The Great US Empire don't really profit from the absurd benefits that come with being the defacto ruler of the world. They never got full state healthcare anyway. They never got a real social security net. All the profits were hoovered up by the military industrial complex and the Epstein billionaire club anyway. For the majority of the people, losing the world leader status might actually be a neutral change. They can't lose what they never had.
No, it won't be. The rich and powerful of this country not being able to so easily exploit global markets will cause them to squeeze us more. They will pass all their losses onto us.