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Trump Could Dethrone the Dollar

18 pointsby docmechanicabout 1 month ago

2 comments

taylodlabout 1 month ago
NATO allies are reducing their purchase of US weapons, and the world is looking for the exits with regards to the US dollar as the reserve currency. Once the dollar is &#x27;dethroned,&#x27; central banks will reduce their exposure to US bonds, thus increasing the cost of US debt and forcing a reduction in the size of the US government <i>without</i> any offsetting tax cuts.
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docmechanicabout 1 month ago
&#x27;The World’s Reserve Currency May Not Survive the Weaponization of U.S. Economic Power’<p>Access Workaround foreignaffairs.com allows a free article to everyone, so you will avoid the paywall if you haven’t already read a free one recently.