• Dragomus@lemmy.world
    link
    fedilink
    arrow-up
    1
    ·
    9 hours ago

    This is the end of a once great america, no matter Trump’s promise…

    All trust is gone for years, perhaps decades to come.

    The petrol dollar that gave the US it’s hegemony by stepping away from gold reserves into the dollar as backing financial system will be dismantled.

    It already was on shaky grounds with the US printing infinite money without guarantees to pay off a huge debt beyond the petro dollar’s shield, but now all trust in the US is gone and the shift to another monetary system will start.

    BRICS will take off and Trump can not stop it (not even counting him being under russian influence to let it happen). Europe will pay oil in euros for a while.

    In a decade we might see rise of a global traders currency based on a true, set value.