This week the Financial Times ran a major article headlined “Is the world losing faith in the almighty US dollar?” The answer, in the wake of the fall in the dollar’s value in the midst of the turmoil unleashed by Trump’s tariff war was that it is.

At first, it was just a quiet murmur in relatively isolated sections of the financial press. Today, however, the voices are growing louder: the US dollar could lose its role as the world’s global currency amid the breakdown of all the arrangements and mechanisms of the post-war period under the impact of the US economic war against the world initiated by President Trump.

  • NocturnalMorning@lemmy.world
    77·
    2 days ago

    This is what will really put the U.S. soft power out of the game. But, we made our bed electing the asshat, so we deserve this. I hate that it’s happening like this, but its probably a good thing for the rest of the world to rely less on the U.S.

    • Pyr@lemmy.ca
      3·
      12 hours ago

      And then real world effects won’t be noticed by americans until the next Democrat is in office and they will all blame whoever is president then instead of Trump.

      If Trump ever allows another election that is