It is bad for the rest of the world but the rest of the world has an exit. Call your representatives and stop using US dollar for trade. Literally, that one action alone will save a lot of grief for people outside the US.
This is not a joke. What will sting Elon, Trump and crooks the most is losing their wealth. The rest of the world does not need to suffer for these crooks.
Nah, stop using the US$ for trade is as simply as just stop doing it. There's no lack of infrastructure, and plenty of commerce doesn't use it already.
What is hard is desinvesting from the US treasure. You have to sell those somewhere, and if everybody tries, their value will quickly go to 0. But if the US is successful in making their trade-balance positive, this will solve itself without a lot of hardship, it's just a matter of the rest of the world helping them here.
Macroeconomics is not what will show you problems here. The US is inserted itself into every supply chain on the world, but you will only notice this if you look at the details. Maybe we should start with an intellectual property reform...
Hum... What kind of tsunami do you expect to come from some thousands of people holding dollars for a few fewer milliseconds?
That would take a lot of legwork to confirm, but while the US$ is certainly the most used intermediate currency, it would surprise me if it was even used on the majority of the transactions.
“The people” are too stupid to blame unfortunately, they have no idea what’s going on.
Average IQ Americans freebase propaganda and Joe Rogan for thoughts. The Kremlin and the Republican propaganda empire have been paving the way for a Project 2025 Neo Nazi hostile takeover for decades.
John Doe from Florida doesn’t stand much of a chance when every TV, cell phone, and Facebook bot in his state is beaming the world’s largest psy-ops laser-beam at his head for half of his life.
I tend to blame the Fascists. But yea, the future is bleak. We’re cooked in America, at least.
Is it even a con? I mean, these people straight up said what they were going to do if elected, and now they are doing it. I know there are some Trump voters who are now going, "uhh, I didn't think he actually meant all that", but c'mon.
Entirely predictable. And well deserved. I say this as someone living and suffering in America.
There is no one else to blame but ourselves. The future is bleak.