Close Trump allies like Steve Bannon say "the president is pissed every time he looks at the BRICS dedollarization effort". The US fears the Global South challenge to the dollar's exorbitant privilege
  • explodicle@sh.itjust.worksEnglish
    2·
    2 days ago

    Increasing supply (printing) without increased demand (taxes) will cause the price (dollar value) to go down. If it goes down too fast, then nobody will want dollars until tax season, and the dollar will hyperinflate.

    Conspiracy theory: that’s exactly what Trump wants because he takes crypto bribes.

    • gandalf_der_12te@discuss.tchncs.de
      2·
      2 days ago

      it all fits together really nicely, somehow. i’m not sure whether trump actually has a plan or things just randomly fit, though:

      • texas wanted to secede from the US for centuries (i believe this is actually a big point that people give too little weight to)
      • the US realizes that the US is not simply going to “allow” texas to secede
      • conservative thinktanks realize that the only way that blue states are gonna be ok with texas seceding is if they themselves dramatically understand the relevance of state’s autonomy and self-responsibility
      • trump attacks california and new york to make blue states understand the importance of having greater independence from the federal government
      • blue states are gonna demand greater independence from the federal government in the next months (2025-2027)
      • texas can then comfortably also claim greater autonomy for itself