Dan Romero
@dwr.eth
"The US is losing reserve currency status!" The losing:
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Icetoad š š© š
@icetoad.eth
Lol, this is a skewed view of things. I'll provide more context.
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Icetoad š š© š
@icetoad.eth
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Icetoad š š© š
@icetoad.eth
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Evan
@evangreenberg
What currency would take over?
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Icetoad š š© š
@icetoad.eth
In the near term it would be a mix of the Euro and SEAN currencies. In the medium to long term I am not sure.
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Evan
@evangreenberg
You think they can handle that? With great power comes great responsibility. Are they still going to trade with the US?
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Icetoad š š© š
@icetoad.eth
Good question but certainly the world looks more multipolar than at it has at anytime in the last 35 years. Trump really wants to isolate China and I don't think that is going to be a winning strategy for him.
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Evan
@evangreenberg
Every day it seems like Trump wants something different (not a good messaging strategy if the goal is certainty and Iām sure confused), but our only choice is to see how it plays out Door 1: the federal deficit keeps growing exponentially, US defaults eventually and loses reserve Door 2: whatever is happening now
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Icetoad š š© š
@icetoad.eth
Certainly a default would bring about an abrupt end to both reserve currency status and treasury bills as a safe haven asset. Trump is sort of like Joe Rogan in that he agrees with the last person he spoke with. I think that is likely the explanation why he makes these seemingly chaotic pivots.
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