this post was submitted on 15 Sep 2024
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United States | News & Politics

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Trump's threat to punish countries that drop US dollar will speed up de-dollarization (youtu.be)
submitted 2 months ago* (last edited 2 months ago) by Confidant6198@lemmy.ml to c/usa@lemmy.ml
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[–] Treczoks@lemmy.world 8 points 2 months ago

Actually de-dollarizing is probably the biggest threat to the US economy. Because the USA lives off the fact that quite a lot of dollars are hoarded worldwide as cash reserves. There are scenarios that see the USD below 10 Euro-Cents if the dollar fails to stay the default oil currency.