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One of the strongest reasons to hold onto the dollar is the stability and finances of the U.S. government. But in the last month, the U.S. President has pushed
by drecked 9mo ago
One of the strongest reasons to hold onto the dollar is the stability and finances of the U.S. government.
But in the last month, the U.S. President has pushed for a criminal investigation of the Fed chair because he isn’t doing what the U.S. President is asking, has threatened to start a war of conquest against a NATO ally, has simultaneously said increased taxes on imports will reduce the deficit but also that he will distribute it all away, has used import taxes as a geopolitical weapon, has said he runs Venezuela and one of the first things he’s done is injected the US government ahead of all other creditors.
All of this in the first few weeks of 2026. And every one of these actions destroy the very basis of why the world has confidence in the finances of the U.S. govt.
- junofan 9mo agoWell if the Fed Chair did commit a crime, it’s probably better that be investigated and resolved. I wouldn’t put my money in a country where the monetary authorities commit crimes with impunity. I’m not sure what your other points have to do with the monetary authority.
- epgui 9mo agoThat “if” is doing a lot of work.
- Spooky23 9mo agoWhen did you stop beating your wife?
- andrew_lettuce 9mo agoMaybe you should look into the context. The investigation is supposedly over lying to Congress about the true cost of the renovation of the federal reserve HQ. Despite being a topic week within the current president's wheelhouse, this is incredibly flimsy even if true. It sure looks like a politically motivated attack because the Fed chair won't let Trump dictate monetary policy - thank God!