I Have Been Criticized For Saying The Dollar Could Lose Its Status As The World's Currency

[gab13by13]

Krasnov has been trying to crash the dollar ever since he became president. His tariffs, his attacks on the Fed to lower interest rates.

This has been Krasnov's only economic goal. To crash the dollar and strengthen Crypto, cyber-currency.

Iran is making deals with China, Iran has been shipping oil to China ever since the war began, shipping more oil than before the war began.

Now Iran is making a deal with China, it will continue to ship oil to China if it is bought using the yuan as currency.

If this deal works out, it's another warning sign for the dollar.

The BRIC countries have been scheming on a basket currency to replace the dollar.

Just imagine what happens to the United States if the dollar loses its status, safe 401k's invested in cash will crater. It will take more dollars to buy groceries, to shop at Walmart.

The dollar is safe for now, but there are cracks.

[Joinfortmill]

1. Yup. Very scary.

[RandySF]

2. To that I would never say never.

[eppur_se_muova]

3. Why the criticism ?? What's their argument ?

We've got a reckless psychopath in charge of monetary policy and he *enjoys* changing the rules at whim. He *enjoys* the uncertainty and chaos it creates. He *enjoys* the fear and uncertainty it raises in our erstwhile allies, and confuses it with "respect".

Our allies would be derelict in their various duties if they weren't seeking a Plan B to the USD. Uncertainty and chaos are exactly what is NOT needed in an international currency standard. If they have to sideline their biggest trading partner to secure their own economic stability, it will happen as soon as they can manage it. Trmp thinks he has unlimited power forever. Actually, it's not HIS power, it's the USA's, and he is hellbent on testing it to destruction. He has no idea what to do when his threats and bluster cease to have effect. He has no alternatives even partially thought out.

[magicarpet]

4. Piss off enough people,....

... indicate again and again that djt &
the USA can not be depended on or trusted,... then smart people make alternative arrangements. It forces people to diversify their portfolios and not put all their eggs in one basket.

But if you piss them off habitually, repeatedly, and vindictively - expect actions be taken out of spite to put you in your place and likely abandon you.

[Initech]

5. This is all so Russia can take over the world.

They're destroying us through propaganda.

[yellow dahlia]

6. It is the goal of those who are pulling the strings.

They have their puppet.