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‘He’s underwater on everything:’ Fox News host breaks down Trump approval polling
(www.independent.co.uk)
this post was submitted on 15 Mar 2025
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I mean depends on how you look at it. In many ways, the world NEEDS to get off it's dollar addiction. Having a hegemonic currency isn't great for humanity as a whole. And Trump is doing the very best I've ever seen at helping the world cure itself of this problem. Not great for USA, but an important step for how geopolitics will work moving forward. Unless you meant doing everything wrong for Americans, then yes, Trump is awful.
It’s pretty destabilizing globally too. I don’t see the dollar addiction going anywhere; it’s just changing currencies.
We really don’t need China or Russia (or KSA or EU) calling the shots globally either.
There is a reason central banks are buying gold, and that it is making new all-time highs, and recently breached $3K/oz. They're anticipating the demise of the dollar, and minimizing their exposure to the chaos from the U.S. and buying gold instead of U.S. bonds. Look for this trend to accelerate, especially once the U.S. reaches the point where it can't sell enough bonds to finance it's budget deficit, leading to a massive debt crisis and the collapse of the dollar. Gold is already on track to be up >50% this year (up 13.7% so far ytd), and the consistent rise in gold while stocks and other investments fare poorly will only fuel the stampede. I'm confident that gold will end 2025 over $4k/oz, and that 2026 will be even crazier.
Dammit, I should have never dropped out of my Applied Alchemy Program at the University of Phoenix.
Those credits will transfer to clown college
I was disenrolled against my will because my pants weren't baggy enough.
Not sure it will change. The global south and more importantly BRICS has created a system where local currencies are used. It's basically a currency swap. If this can be extended to all nations there won't be a currency hegemon at all. Of course while it's been working well for the countries that are doing it, it's hard to say what the effects would be on a global scale. Still, we should work towards it. Note I am not talking about the BRICS currency, which is not real. Not even sure why it gets brought up at all.
*Edit. This is an article about the expansion of China's currency swap deals.
https://watcher.guru/news/brics-push-currency-swap-with-29-countries-worth-550-billion
Note that while this is about China, all BRICS nations are making currency swap deals with each other. It's just easier to find articles about China doing this because China is so massive.
At this point I’d rather have China calling the shots than the USA which is actively threatening to fucking invade my country. Seriously fuck that country and fuck its global hegemony, at this point I hope it burns to the fucking ground.
I don't know, I think what will just end up happening is china's "dollar" taking its place instead
We're just going to end up exchanging one superpower for another, it's not going to fundamentally fix the problem. For that you'd need to do it more sensibly
I won't say that won't happen. But interestingly, China isn't trying to make their currency a hegemonic currency. Instead, they've been promoting currency swaps that use both local currencies. And it's picking up speed. All the BRICS nations are making currency swap agreements amongst each other. As I said in another post, I have no idea if this can go global. But it's something I hope we can all work towards. Any currency hegemon is bad for the world. The strangest thing is it appears China agrees, regardless of what western propaganda says about China.
This is one of my favorite comments ever, I've been saying this for years, the strong dollar economics was the best deal ever for us, and we are throwing it away. The rest of the world will be fine without us.