politics @lemmy.world · 4 days ago

Trump Has Exposed the Fragility of the Global Dollar System

jacobin.com

cross-posted to:
BoycottUnitedStates@europe.pub

152

Trump Has Exposed the Fragility of the Global Dollar System

jacobin.com

technocrit@lemmy.dbzer0.com to

politics @lemmy.world · 4 days ago

cross-posted to:
BoycottUnitedStates@europe.pub

What caused Donald Trump to walk back on many of his tariffs last week was not domestic pressure but a run on the market for US Treasuries led by large institutional savers. If US debt is no longer a safe asset, then American hegemony is also at risk.

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3 days ago
Well I guess I have to give him credit for implementing DEI for currencies, and giving up our white dollar privilege.

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