Is Trump bluffing or is this actually the end of the USD reserve system?
Discussion
They’re going to have their cake and eat it too.
Even if every trading partner caved and paid the tariffs there'd be much less incentive to trade and use USD. They just can't admit that yet.
I think this is the beginning of multipolarity where the US dollarises a bunch of allies and has a smaller sphere but with greater control over economics and security and hopes they can do what they’re best at - spying, intel, colour revolutions etc. - to disrupt the formation of the other pole.
Likely it just ends up a mess and we have a dollar curtain where the US completely dominates their sphere and the other sphere goes on as sovereigns cooperating rather than being vassals to China.
Been a while since I wrote about the rise of BRICS but I expect that’s going to come to the fore again now.
Completely agree. UK is first on the list to join the US patsy club. BRICS will cut away, middle east will be a block and Europeans to get to eat bugs. Australia gets to pick a side or enjoy it's housing ponzi alone.
Yeah that’s pretty much how I see it playing out. Would not want to be in Europe lol.
Australia will be dollarised, the US will want to ensure they have access to their mineral and energy resources and the strategic position against China, and Aus has left itself defenseless and leaderless for too long to do anything other than roll over. Glad I got out.
Being in a country that can straddle the poles is where all the opportunity and wealth generation will be in the coming decades. They’ll also be the friendliest to Bitcoin to hedge between economics systems.
I’m hopeful I’ve landed well on those accounts but time will tell.
Sounds right to me. Unless UK & EU basically copy Trump's plan and bring back manufacturing (which I see zero appetite for) they'll be WEF playgrounds. This is definitely more than tarif negotiating tactics this seems like a large scale restructuring with blackrock's blessing.
The end of “free trade” for sure
Not quite the way I was expecting but looks like the reset everyone said was inevitable
Congrats to cheeto man. He’s creating an inflationary force while making everyone poorer. People are really going to love paying $30 bucks for a cup of coffee
The transition definitely going to be rough lol can't see how they avoid higher costs and shortages. Not much to lose at this point tho. At least it's better long term. The UK is excited about a new theme park being built 😂
I bet he had a one hour chat with saylor and the gang back in bitcoin nashville.
Hes definitly not joking with the bitcoin reserve thing. With the tarrifs, it looks like hes intentionally trying to make the reserve currency (usd) crash to adopt the bitcoin standard as fast as possible to make his economy stronger in the future.
Now yes, If USD goes away all currencies go away, but im for it!!!
If you look online how the tarrifs are set. It makes completely no logical sense, theres definitly something going on we arent aware of.