President Donald Trump insisted he loves inflation caused by his war in Iran and claimed he tanked the stock market on purpose.The 79-year-old president spoke to reporters Wednesday in the Oval Office, where he was asked about year-over-year inflation hitting a three-year high of 4.2 percent last mo...
Dedollarization of the global economy was a component of project 2025
I thought the idea was to weaken the dollar but still have it as global reserve currency
@MajinBlayze @tacoplease If I heard or read that, I’ve forgotten. However, I’ve been following the economy for a long time (parent was economist). I’ve been waiting for the dollar to be trashed by the evil out there and turned into rubles. Can’t have a strong dollar when democracy is being killed off.
Technically I’ve overstated it a bit, the more correct framing is that a major contributor of Trump’s economic policy, Stephen Miran, also wrote a paper called “a user’s guide to restructuring the global trading system” which advocates and provides guidance for removing the dollar as the primary reserve currency of the world.
But that seems like a distinction without a difference to me.
I don’t think that that necessarily means we’ll see the ruble in it’s place though.
What’s you idea behind how the Federal Reserve came to be, what it is, and how that might differ from how it’s perceived? Anything? — just curious
Google is that way ⬆️
I’ve formed my own opinions. I was more or less curious how ours might diverge. Appreciate the response nonetheless.
I’m not going to stumble through my limited knowledge about the entirety of the history of the fed to see if it happens to overlap with whatever you’re getting at. If you have a point, make it.