So trump is going to start a trade war with the entire world now?
What is the next word after "great" when talking about economic depressions?
this post was submitted on 30 Nov 2024
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I've said it before and I'll say it again: the world needs a neutral reserve currency, not one issued and controlled by whatever country happens to be the dominant superpower.
Who would issue it? What would it be backed by? Gold is globally valued due to its material value, but good luck getting your local coffee place to take it.
Congratulations, you've stumbled upon the one place where cryptobros would have a point if they weren't mostly trying to make their "currencies" be investments rather than actual currencies.
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"If you don't listen to me I'll.. "
checks notes
"...tax my citizens even more!"
Dumb dumb dumb dumb
Why do I get the feeling Trump doesn't know that tariffs can go higher than 100%? Nobody tell him.
I think in his head, 100% tariffs mean that other countries give the USA goods for free, or something like that.
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It's like he's trying to kill the US dollar. Nobody who was actually trying to protect our currency would be making these moves.
It's not a shocker why all the cryptobros are behind him either, because that's their goal, too.
But I mean god damn it is really hard to exaggerate how stupid and easily manipulated Trump is.
No "like", he is. Russia and China want to devalue the dollar and replace it as the world currency.
Obviously Russia is unlikely to achieve that, but I'm sure China encourages the use of RMB in their global operations, like in their belt and road projects.
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The fiat currency cannot be discussed in public. It's mystery maintains it's real value.
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I am starting to think about that Trump just learned what a tariff is during this election cycle. Still has no idea how they work, what their purpose is, when they should be used, nor how they impact local and global economies but, gosh darn it, if he isn't excited to show off his new knowledge.
Maybe if they have him write out the word "TARRIF" on a piece of paper and put that paper on the white house fridge, he can be proud of it everyday and be able to move on to his next vocabulary word.
Relearned, maybe?
He was also really big on putting tariffs on everything out of China in the 2016 election cycle.
Remember, when he uses the "nobody knew this" that actually means he didn't know it. And he says it a lot.
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This either means the US economy will suffer .... or America will fight back violently to force others to follow their rules
Either way, someone, or everyone is going to suffer
Por que no los dos?
Can you even imagine how happy putin is with his bitch?
BRICS, Canada and Mexico should be making a trade treaty right now, before Trump even takes office.
Considering R in BRICS stands for russia, no, they certainly shouldn't.
I don't know if you noticed, but the B stands for Brazil and those 2 countries aren't exactly buddy-buddy. Treaties are more than their constituent members.
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