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Greg 🎩
@gregory-1967
♦️ Conversation: Trump’s Policies Weaken the Dollar 🔹️ Trump has threatened to impose heavy tariffs on BRICS countries if they attempt to create a rival currency to the US dollar. 🔹️ Trump’s economic policies could lead to an increase in US debt and a decline in the value of dollar reserves worldwide. In such a scenario, countries might consider using alternative currencies like the euro or yuan to reduce their reliance on the dollar. https://theconversation.com/why-donald-trumps-election-could-hasten-the-end-of-us-dollar-dominance-245305
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Greg 🎩
@gregory-1967
2/ 🔹️ If countries reduce their dollar reserves and sell US government bonds, this could increase US borrowing costs and weaken the dollar’s value. In the worst-case scenario, it could trigger a global economic crisis and raise US debt costs. Ultimately, Trump’s policies might gradually weaken the dollar’s position as the world’s primary currency, potentially leading to a multi-currency financial system.
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Reddington
@raymound
When Maga says that I will impose a 100% tariff on BRICS and a 25% tariff on my neighbors, well, the others try to find an alternative to the dollar.
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Niki 🎩🔮
@niki-finance
No one can replace the dollar, at least for many years. BRICS is only to threaten US
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MM
@listen2mm.eth
throw Bitcoin into the mix as well. especially if Trump creates strategic US BTC reserve like he says
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amin-t.degen.eth
@amin-phantom
The US people should learn from this election.
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