Among the threats tariffs pose to the U.S. economy, none may be as strange as the sell-off in the dollar.
  • Raiderkev@lemmy.worldEnglish
    38·
    11 days ago

    What’s so strange about it? Trump is trying to fire the chairman of the fed, a non political organization to install a sycophant that will lower rates and send prices through the roof so rich people’s line can go up. He is intentionally trying to lower the value of the dollar. If he succeeds, we’re fucked.

    • r0ertel@lemmy.worldEnglish
      2·
      9 days ago

      They touch on it in the article. What if the goal is to trade globally in cryptocurrency?

  • gravitas_deficiency@sh.itjust.worksEnglish
    27·
    11 days ago

    Reposting:

    It’s not fucking “strange”.

    It’s Canada, Japan, the EU, and our other former allies retaliating against the US trying to use absolutely asinine and ham-fisted tariffs as a cash grab/shakedown by engaging in strategic retaliatory fiscal policy.

    This is actual 4D geoeconomic chess. Because if orangeboi doesn’t listen and they keep going, the USD standard goes away.