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Opinion: Brace yourselves: whatever crazy, awful things Trump may have done to date, it’s only going to get worse
(www.theglobeandmail.com)
this post was submitted on 01 Mar 2025
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politics
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The process of global de-dollarisation,much talked about, is being hastened far sooner than I think most people (at least those not privvy to whatever intelligence existed on Trump and others' motivations and intentions) expected.
The question as to whether the country with the largest military in the world can accept a much-reduced international role (and much reduced share of unearned global wealth to go with it), without kicking off a kinetic world war three will likely be answered shortly.
Trump and Musk appear wide open to exploitation/manipulation, without anywhere near the required experience or intelligence to maintain the US's international position.
Unstable times ahead.
China has a thriving economy without the RMB being anyone's reserve currency.
I'm not really sure what your point is. I assume you are saying the US can have a thriving economy and not be the global reserve currency? If so, a couple of points:
The US's debts will come due as it loses global reserve currency status. Do you think it can pay those debts?
US and other capitalists outsourced production to China due to the lack of collectively bargained labour agreements and environmental protections. It was cheap. Are you saying the US could 'Make America Great Again' by making it a sweatshop!? Because I don't think that is what Trump voters had in mind for themselves.