Subject: Re: USDollar
Pointing out facts is never 'blaming'. It's clear where loyalties lie on this board, and it's not with the Constitution of the United States.

But it's obvious that the people on this board don't have any direct impact on U.S. monetary policy (and yes, I know you know that). But it's equally true that the liberals you lambaste as "coordinating" don't have all that much impact on any of the things that would directly affect the strength of the U.S. currency.

I guess I don't entirely understand why you're pushing back on this idea. I don't think there's any real disagreement between you and anyone else that Trump is fundamentally changing the international economic order. He's doing so by leveraging the U.S.' current economic strength to unilaterally change the rules that have governed international benefits, in ways that he believes are more favorable to the United States.

In short, he's going to undo the global international economic system that the U.S. constructed starting back in the mid-1970's. I don't think this is much in dispute.

One of the key elements of that, though, is that the world has pretty much gone along with the dollarization of global financial transactions. That's a massive benefit to the United States, and it helps supercharge our economy. The rest of the world was content to let the U.S. have that benefit and to use the U.S. dollar as a reserve currency, because we were such a reliable partner both economically and militarily. They trusted us with that power.

Well, since we're going to tear up the global international economic system that was in place before Trump took office because we feel it's so darn unfair to the U.S., then that means we're going to also lose some of the benefits of that system. Which may very well include the widespread course of practice of denominating international transactions in dollars and holding dollar-denominated assets as a reserve currency. If the world doesn't get as much benefit from a strong U.S. economy, they might begin to wind down some of the things that helped us be that strong...