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christopher
@christopher
1. The US dollar is the world's primary reserve currency. We get significant economic advantages regardless of debt levels. We can literally spend our way out of global crises like we did in 2008. Can’t do that if no one uses our dollar as trade base. 2. US debt is primarily denominated in our own currency and supported by the world's largest economy. If US debt is *not* backed by the largest economy, who will buy it? Yields will plummet. 3. Economic "resets" typically don't happen by design but through crisis, often with far more severe consequences beyond this controlled policy change produces. 4. Idk what to say about self-inflicted economic pain lol. Why would we self-inflict?
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Daniel Lombraña
@teleyinex.eth
Maybe China is more than happy with the current situation https://www.bbc.com/news/articles/cq80vwj2092o
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Almar van der Krogt
@almar.eth
Wondering how China issuing dollar bonds factors in: https://www.newsweek.com/china-news-weaken-us-dollar-bonds-1989924
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samg.base.eth 🎩🍖
@samgslastlife
It’s funny to me when stuff like this goes down you realize how much of our economic system is taken for granted or to use crypto parlance “abstracted away” from consumers. It’s weird being so keenly aware and anxious about the tariff threat for the last year+ and literally no one I’ve talked to about it in that time grasped or believed how real and dangerous the threat was. “He won’t really do that” now he’s done it and everyone trying to silver line thus bitch lol. Like everything else now we’re just stuck eating shit until ppl get fed up and demand change or we get to midterms.
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Purp🇵🇸
@purp
Yanis has been talking alot on these lines lately in terms of Trumps plans for tariffs.
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