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He's going to mortally wound the US economy, which was already precarious. The US is not competitive with China, absent the USD. The Federal Reserve is a found
by throwaway5752 1y ago
He's going to mortally wound the US economy, which was already precarious.
The US is not competitive with China, absent the USD. The Federal Reserve is a foundational reason why the USD is the most important global currency for trade.
There are nontrivial odds of Venezuela style outcomes for the US. The US media - particularly partisan mainstream conservative sources like FOX and CNBC - is drastically understating the damage this administration is to the US position in the global economic system.
supporting evidence: https://www.yahoo.com/news/articles/south-korea-tells-china-wants-131240604.html https://www.yahoo.com/news/articles/south-korea-tells-china-...
- bpt3 1y ago> The US is not competitive with China, absent the USD. I'm sorry, but this is absurd. The US produces an enormous amount of goods and services, many of which are hard to replicate, and has a huge amount of natural resources available to it.