Racket, PhD wrote:
agip wrote:
hashtag racketinski
https://twitter.com/jsblokland/status/1377353052789739521?s=20
Pretty sure this has been posted on the internet every single day since 1999.
"USA in shambles! Just you wait!"
seems to me that the dollar is unlikely to keep its dominance as the king of the reserve currencies.
our politics are unstable, our democracy is regressing, our international agreements mean little anymore and can be revoked by any incoming president, our willingness to raise taxes is weak, and our national debt is monstrous.
Other nations are not paragons of virtue either, but the point of using dollars as a reserve currency was that the internationals could trust America to make decisions within the 40 yard lines. I think post-Trump people won't make that assumption anymore. They'll move their money around to many places.