• Buffalox@lemmy.world
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    2 days ago

    These are not bad things, if done thoughtfully and intelligently over time.

    I don’t think you realize the wealth it has given USA to be the #1 global reserve currency by far.
    It’s a giant economic interest free injection to the entire US economy.

    I also don’t think it’s unthinkable, I think they could very well do it, because that’s how stupid they are. The USD is down 15% since Trump became President, And Trump wants it to fall even more, because he thinks it gives USA a competitive advantage. Completely disregarding it makes everybody poorer first and increases inflation.

    • dhork@lemmy.world
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      2 days ago

      And Trump wants it to fall even more, because he thinks it gives USA a competitive advantage.

      Yes, but also Trump has all his money in shitty crypto tokens and the Crypto Bros have him convinced that if the dollar tanks, $TRUMP will soar vs. the dollar.

      Our President is looking to actively tank the dollar for his own personal gain.