Yeah, but if that wild money printing turns out to be the coup de grace on the status of the USD as the World’s Reserve Currency, it will just make things worse as such an event comes with its own “bubble bursting” that will massively fuck up holders of USD (such as Americans, but also anybody who didn’t exit the USD on time).
The status of the USD as Reserve Currency is already pretty shaken as the EUR and other currencies have increasingly become part of the currency reserves in most countries, replacing the USD, and Trump’s antics have convinced other countries to accelerate their plans to move away from using the Dollar in international trade, most notably China.
The technique of printing lots of Dollars is nowhere as safe now as it was back when it was used to paper over the problems from the 2008 Crash.
Yeah, but if that wild money printing turns out to be the coup de grace on the status of the USD as the World’s Reserve Currency, it will just make things worse as such an event comes with its own “bubble bursting” that will massively fuck up holders of USD (such as Americans, but also anybody who didn’t exit the USD on time).
The status of the USD as Reserve Currency is already pretty shaken as the EUR and other currencies have increasingly become part of the currency reserves in most countries, replacing the USD, and Trump’s antics have convinced other countries to accelerate their plans to move away from using the Dollar in international trade, most notably China.
The technique of printing lots of Dollars is nowhere as safe now as it was back when it was used to paper over the problems from the 2008 Crash.