“For all its military and economic strength, the US has one key weakness: it relies on others to pay its bills via large external deficits.”
Wall Street impacted by Trump’s Greenland annexation threat - World Socialist Web Site
I asked #SocialismAI “Can the timetable of Trump’s conspiracy to establish a dictatorship in the US be linked to the decline in the value of the dollar and the possibility of losing its reserve currency status? In other words, is Trump driven by the economic crisis, or are other factors at play?”
ANSWER BELOW!
I asked #SocialismAI “Will Trump’s attack on Jay Powell lead to the loss of independence of the Federal Reserve, and finish the dollar as the reserve currency?”
ANSWER BELOW!
And while China entered the 2018 trade war in a phase of strong economic growth, the current situation is quite different. Sluggish real estate markets, capital flight and Western “decoupling” have pushed the Chinese economy into a period of persistent slowdown. Perhaps counterintuitively, this prolonged downturn may have made the Chinese economy more resilient to
The growth of US debt, coupled with the instability in the financial system, is starting to raise questions about the role of the dollar as the global currency, the maintenance of which is an existential question for US hegemony.
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Jude Jackson
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