How much worth is there in a currency signed by #DonaldJTrump?
And does #GreshamsLaw mean that everyone will be hoarding the non-Trump-signed money and trying to palm the Trump-signed money off on other people as much as possible?
It would be amusingly ironic if Trump's vanity extending to banknotes ended up as a footnoted additional minor causative factor in #DeDollarization in future history books.
WASHINGTON – In honor of the 250th anniversary of the United States of America, President Donald J. Trump’s signature will appear on future U.S. paper currency along with the Secretary of the Treasury, marking the first time in history for a sitting president.“Under President Trump’s leadership, we are on a path toward unprecedented economic growth, lasting dollar dominance, and fiscal strength and stability,” said Secretary of the Treasury Scott Bessent. “There is no more powerful way to recognize the historic achievements of our great country and President Donald J. Trump than U.S dollar bills bearing his name, and it is only appropriate that this historic currency be issued at the Semiquincentennial.”“As the 250th anniversary of our great nation approaches, American currency will continue to stand as a symbol of prosperity, strength, and the unshakable spirit of the American people under President Trump’s leadership,” said Treasurer Brandon Beach. “The President’s mark on history as the architect of America’s Golden Age economic revival is undeniable. Printing his signature on the American currency is not only appropriate, but also well deserved.”###
As for #Japan: It has more problems than just jet fuel prices. Its strategic reserves are at best 254 days. Japan Times reported that it released the first month's worth of that this week.
So my thinking is to watch for Japan seriously considering switching from the #PetroDollar to the #PetroYuan to get its oil supply back; because its other choice is military. Neither sits well.
RE: https://mastodon.scot/@JdeBP/116232894987398060
Last century, Iran going for superpower status would have seemed ridiculous.
Today, Iran going for superpower status by knocking out the U.S.A. and people talking about an actually reasonable possibility of its success is gobsmacking.
@ianbetteridge
#PetroYuan #IranWar #PetroDollar #DeDollarization #FIFAWorldWar
I was going to make the same point. I too learned the new-to-me concept of the petroyuan yesterday.
https://youtube.com/v/beqs6a6jPKI
#PetroYuan #IranWar #PetroDollar #DeDollarization #FIFAWorldWar
An eye opener -- I've been learning a lot from this genius #BenNorton lately. So many of us only see simplistic reasons why the war in the Middle East has been going on --- but this guy Ben Norton breaks down everything we need to know why the war has been happening in the #MiddleEast You guys should really hear him out #iran #China #brics #dedollarization #USimperialism
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