this post was submitted on 27 Mar 2025
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If the Federal Reserve, a bedrock of global financial stability, were to withhold dollar funding to allies during times of stress, the world could greatly reduce its reliance on the currency, creating "a doubled-edged sword" for the U.S., Deutsche Bank analysts said.

Reuters reported on Saturday that some European central banking and supervisory officials are questioning whether they can still rely on the U.S. central bank to provide such funding as their trust in Washington has been shaken by the Trump administration's policies.

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[–] Eldritch@lemmy.world 18 points 1 year ago (2 children)

It's why Russia and China invested heavily in trump. This is what they bought him for.

[–] andrewta@lemmy.world 4 points 1 year ago (1 children)

Only way to destroy the US was from within.

[–] Eldritch@lemmy.world 3 points 1 year ago

True. But destruction only makes things worse not better. This has only increased human rights violations and actions against the people. Creating another regime much more like Russia or China. Not improving anything.

[–] umbrella@lemmy.ml 2 points 1 year ago

i think you guys are mostly fucking yourselves with that one.

[–] homesweethomeMrL@lemmy.world 10 points 1 year ago (1 children)

Sure, Pooty-poot wants Ukraine resources, but this is really his jam. This is why trump's demented fealty is so appreciated.

[–] CurlyWurlies4All@slrpnk.net 4 points 1 year ago

He's getting bric-d up at the sound of this

[–] hansolo@lemm.ee 7 points 1 year ago

Looking forward to floating my life savings out of the market and into silver coins and AUS Dollars to avoid this mess.

[–] umbrella@lemmy.ml 7 points 1 year ago
[–] Ilixtze@lemm.ee 3 points 1 year ago

Lets goooooo!