this post was submitted on 31 Jan 2025
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Summary

Trump has threatened BRICS nations with 100% tariffs if they attempt to replace the US dollar as the global reserve currency, calling them “seemingly hostile countries.”

BRICS, which includes major economies like China, India, and Russia, has been discussing an alternative reserve currency, especially after Western sanctions on Russia.

The power of the US dollar in the world has strengthened recently. It remains the world's primary reserve currency and there is a huge worldwide reliance on it.

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[–] [email protected] 4 points 3 hours ago

Oh nice, a 110% tariff on China would at least partially cancel out the Canadian and Mexican tariffs while mainly screwing over his own country. I'm all for it!

[–] [email protected] 3 points 5 hours ago

Narrator: "they heard him - and replaced it".

[–] [email protected] 6 points 5 hours ago

Ooooh wee, it's going to be a bumpy few ~~years~~ decades as Der Furher sends us into another once in a lifetime financial crisis.

[–] [email protected] 1 points 8 hours ago

If you shirk responsibilities that come with power, you lose that power.

If you abuse trust put in you, you lose that trust.

America is screwing itself.

[–] [email protected] 12 points 9 hours ago

Are we the bad guys?

[–] [email protected] 38 points 9 hours ago (1 children)

us is going to run out of people to trade with at this rate

[–] [email protected] 4 points 9 hours ago (1 children)

Is time for the new and revamped BRICCSM to be a thing (annexing Canada and Mexico)

[–] [email protected] 5 points 7 hours ago

ah yes, more lebensraum. i hate this timeline

[–] [email protected] 32 points 10 hours ago

Jfc, he's like a toddler with a new word, just jamming it in everywhere to see if it fits. Try the keys in the light socket while you're at it, Donnie!

[–] [email protected] 43 points 11 hours ago* (last edited 10 hours ago) (1 children)

I predict a huge collapse of the us dollar before his term is up

[–] [email protected] 13 points 8 hours ago

The BRICS are already trading without dollars. They might price things in USD, but the actual trades don't use USD.

But is he really gonna tariff 55% of the global population?

The world economy will just adjust to operate without the USA. It will be painful and take a few years, but it will also be irreversible.

To be frank, we don't need a global reserve currency in this digital age. Businesses and consumers can cheaply trade any currency pairs with minimal costs.

The dollar's status is a leftover from the past.

[–] [email protected] 17 points 12 hours ago (1 children)

Sure, and if the BRICS countries offer free spaghetti dinners for residents, I'll sprout wings and fly there. This is notoriously not going to happen.

[–] [email protected] 12 points 13 hours ago
[–] [email protected] 37 points 14 hours ago* (last edited 14 hours ago)

Hahahahahaha

That's the biggest threat the US is actually facing.

That's how all those big juicy trade deficits are actually funded Donnie, by the USD being the reserve currency and by the rest of the world buying US bonds. Literally what Nixon replaced Bretton Woods with.

Hahahahahahaha

[–] [email protected] 3 points 14 hours ago

He looks like he is Self-anointing like some Capuchin Monkey.

[–] [email protected] 9 points 15 hours ago (2 children)

This guy is all stick and no carrot.

[–] [email protected] 5 points 11 hours ago

Have you seen that bronzer?! He must be some carrot, but it’s only skin deep.

[–] [email protected] 6 points 14 hours ago

It's like his politics start and end through/with violence.

I wish I could remember - there was an Italian word for it. Oh well.

[–] [email protected] 14 points 15 hours ago (1 children)

"If you don't stay I will shit my pants so hard that you have to leave"

[–] [email protected] 5 points 9 hours ago

Shame that he doesn't have the capacity to decide when to shit his pants.

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