ironsoap@lemmy.onetoUnited States | News & Politics@lemmy.ml•Trump Threatens To Punish De-Dollarization: ‘I Would Not Allow Countries To Go Off The Dollar’English
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5 days agoWant countries to re-dollarize, you have to incentivize the, which probably means making the US the dynamic yet stable economic it was. Punishing countries, how laughable.
I think that ship has sailed though, as globalization has caught up yet again.
This seems inline with the Chinese leadership game of influence, as well as the clown show that the US has become. Even with the interest still there from the US standpoint two decades of GWT, the lack of prioritize spending on following our so called values, the very high debt to GDP ratio we are running, the lack of real legislative ability, plus other challenges, all make the fundamentals seem less fundamental. Although China very much has it’s own issues such as an excess of manufacturing, a housing bubble, and a very steep demographic bubble. So their fundamentals are seemingly similar in question, but they have a marked ability to pivot quickly and do seem to be using their status as the 2nd largest economic to garner the same level of influence.
Whether either has staying power of economics and global influence for the next 50 years is a very interesting question.
I certainly don’t count the US out yet, but even if the election settles things down, there is some real work to do which has little to do with the current hotly discussed policy topics. I’d be curious about your opinions?