Trump is putting BRICS nations on notice, threatening them with a full-blown trade war if they attempt to sideline the U.S. dollar in global commerce.
In a fiery Truth Social post on Thursday night, the president declared that any country backing an alternative currency would be hit with 100 percent tariffs and effectively cut off from American markets. Trump made it clear there would be no room for negotiation, dismissing any possibility of an international shift away from the dollar.
It's fucking embarrassing to be from the US at this point. I hope that if we eventually get our shit together and elect someone competent, that the rest of the world forgives us for this shit and lets us back into their good graces, but at this point, if you all tell us to go fuck ourselves, I won't blame you at all.
It'll be for your own good too. Once exceptionalism gets a few black eyes, you won't feel so emboldened to ram self-serving agendas on whoever you like. Not you personally of course. ☺️
I’ve already forgiven. The last 4 seasons of The Dumpster Fire were absolutely wild, and I’ve enjoyed countless hours of the most bizarre entertainment I never even dared to ask for. The fifth seasons is already off to a great start, and I have high hopes for the season finale. Calling this a “wild ride” has already turned out to be the understatement of the year.
Yeah, we now know it wasn't a fluke the first time. I'm afraid the trend won't change unless someone takes the axe at American capital and redistributes massively a-la post Great Depression. The welfare state and labor power needs to be rebuilt. The market needs to be put in its place. I don't see that happening for a decade at least.
Jokes on him. If they would drop the dollar and put their dollar reserves on the market, the dollar would be f-ed raw. That was the reason they went after Hussein: he threatened to sell oil for non-dollar valuta.
I don't know about $TRUMP but this administration is absolutely attempting to tank the dollar in favor of crypto.
Every action taken by the GOP (since Reagan) is to deplete the federal government. They want everything not explicitly in the constitution (basically everything but the DOD) to go to the states or to a corporation.
In this case, pushing commerce towards crypto means investors can make money from betting on money. Same reason why they're supporting charter schools, wanting to privatize social security, etc.
If I were a conspiracy theorist, given the rumors that Barron is pushing his dad towards Crypto, tanking the dollar and replacing it with $TRUMP would mean, one day, Barron could be in charge of the world's currency.