You’re naive if you don’t think other nations will suffer when the USD fails. We’re in a global economy, and our currency is basically considered the world’s reserve currency. That means that other nations have USD. What do you think happens when the dollar fails?
Are those nations somehow indemnified against losses in some way I’m not aware of?
Nah we are just selling off USD we don’t need anyway, in exchange for other currencies that have better value to us.
The USD has already dropped 10% to the Euro since Trump became president. That’s the lowest since 2021!
You’re naive if you don’t think other nations will suffer when the USD fails. We’re in a global economy, and our currency is basically considered the world’s reserve currency. That means that other nations have USD. What do you think happens when the dollar fails?
Are those nations somehow indemnified against losses in some way I’m not aware of?
Nah we are just selling off USD we don’t need anyway, in exchange for other currencies that have better value to us.
The USD has already dropped 10% to the Euro since Trump became president. That’s the lowest since 2021!