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Greg š©
@gregory-1967
ā¦ļø Conversation: Trumpās Policies Weaken the Dollar š¹ļø Trump has threatened to impose heavy tariffs on BRICS countries if they attempt to create a rival currency to the US dollar. š¹ļø Trumpās economic policies could lead to an increase in US debt and a decline in the value of dollar reserves worldwide. In such a scenario, countries might consider using alternative currencies like the euro or yuan to reduce their reliance on the dollar. https://theconversation.com/why-donald-trumps-election-could-hasten-the-end-of-us-dollar-dominance-245305
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Greg š©
@gregory-1967
2/ š¹ļø If countries reduce their dollar reserves and sell US government bonds, this could increase US borrowing costs and weaken the dollarās value. In the worst-case scenario, it could trigger a global economic crisis and raise US debt costs. Ultimately, Trumpās policies might gradually weaken the dollarās position as the worldās primary currency, potentially leading to a multi-currency financial system.
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Greg š©
@gregory-1967
3/ š¹ļø Trumpās "America First" policies and the increased use of the dollar as a tool for leverage could result in the dollar losing its status as the sole global currency.
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