this post was submitted on 15 Jul 2025
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[–] WalnutLum@lemmy.ml 18 points 4 days ago (2 children)

I thought Trump and the project 2025 gang's entire goal was the devaluation of the dollar.

[–] Bakkoda@sh.itjust.works 3 points 3 days ago

I would be willing to bet the absolute geniuses behind project 2025 planned for a very specific percentage of devaluation in order to still be wildly wealthy but absolutely crush the general pop.

They just can't do it because they are fuckin idiots. They will burn it all down trying though.

[–] humanspiral@lemmy.ca 6 points 4 days ago

Not sure that is specific Project 2025 item, though it is a consequence of Trump trade policy. US$ value is a function of total trade with US. A $ is not destroyed when it is sent abroad, and there is general appeal to use it to buy US assets to ensure the wealth to purchase more imports. Unjustifiable extortion is resulting in less capital inflows to US treasuries even as the colonies rulerships seemingly submit to the extortion.

As OP's charts show, China saved the US in GFC aftermath legitimizing their extreme QE and bailouts.