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Donald de-dollarizes the global economy because someone (else) profits from destabilizing US economy [1]
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Date: 2025-04-21
Trump and MAGA don’t have the intelligence to outsmart any country. Already been outsmarted by Mexico, Canada, and now China.
Countries will unite, sell off US Treasuries and threaten the dollar as the world reserve currency.
Trump doesn’t have the cards
The U.S. dollar's status as global reserve currency—a position it's held since 1944—suddenly in question. China and Russia have been waiting for precisely this opportunity to challenge American financial hegemony. In one stroke, decades of financial dominance potentially undone.
The euro could be the big winner by becoming the world currency reserve, but to become a global reserve currency, they have to issue Eurobonds. What happens is diversified currency activity rather than the Chinese Yuan as the world's reserve currency.
Trump predicts recession, because he should have done nothing to the Biden economy, but instead has screwed it. He thinks that he can fire Fed chair Powell, believing that seizing the Fed will fix the Krasnov kleptocracy.
WSJ Exclusive: Trump Advisers Took Advantage of Navarro’s Absence to Push for Tariff Pause: "So Trump’s basically a ping pong ball being whacked back and forth between two sets of idiots."
The Chinese joke that “Mr. Trump is a patriotic son of China who is diligently advancing Chinese interests by causing chaos in the United States.”
China and Russia, among others, benefit from Trumpian incompetence.
One of the more intriguing financial trends that has gained popularity in recent years is the de-dollarization movement. De-dollarization is an effort by a growing number of countries to reduce the role of the U.S. dollar in international trade. The latest de-dollarization movement started in 2022 when the U.S. imposed all-encompassing sanctions against Russia following Russia's invasion of Ukraine. Various world leaders took umbrage at the idea that the U.S. could freeze their funds due to any sort of diplomatic or military dispute. In 2025, President Trump's aggressive tariffs and isolationist policies have disrupted U.S. alliances with Europe and other countries. Trump's antagonistic approach to trade policy has ostracized American allies and may encourage more countries to seek ways to reduce their reliance on the dollar. In addition, inflation is weakening the standing of the dollar on the international stage. Some experts have grown concerned about U.S. debt levels and the impact that debt could have on the dollar in the long term. Rather than paying down its debt over time, the U.S. could instead choose to erode away the value of that debt via inflation. When U.S. inflation is high, savers around the world question the security and stability of the dollar for long-term savings and investments. Against this backdrop, leaders of countries such as China, India and Brazil have been calling for moves to trade directly with each other in their own currencies while cutting the U.S. dollar out of the equation. This change would incrementally diminish the role and importance of dollars while creating a multipolar financial world where the next tier of economies would have significantly more say in global affairs. Russia and South Africa, along with the aforementioned three countries, comprise what's known as BRICS – a group of emerging countries in a loose economic alliance to counter Western influence. In 2023, BRICS agreed to induct six new countries into its bloc: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates. money.usnews.com/...
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