This has got to have a bunch of the elites in banking, politics, and the rest of the corrupt moneyed establishment shaking in their boots, as they say.

https://europeanbusinessmagazine.com/business/iran-has-just-fired-the-most-dangerous-shot-of-this-war-and-it-wasnt-a-missile/

In short: the USA has enjoyed a privileged position since the end of WWII, because the #US #dollar has been the de-facto standard international #currency. Not just for trade, but as a reserve as well. Other countries buy US-issued government #bonds by the absolute truckload, and it lets the US spend far above its income without triggering the #hyperinflation you see when another country does that by printing money (see: Zimbabwe).

The foundation of that international currency choice is the oil trade. Pretty much every oil transaction between parties in different countries uses US dollars, hence the "petrodollar' name.

#Chinese yuan becoming an alternate global reserve and trading currency has been a worry for the US for some years now. Oil transactions happening in #yuan could make it happen in a big way.

And then the dominoes might start falling. I'd say "popcorn time", but the collateral damage to the US #economy collapsing will have huge consequences for us all.

#GovernmentBonds #USBonds #ReserveCurrency #USFederalReserve #USPol #Iran

https://www.youtube.com/watch?v=y-XPPjB-DAY

#Europe #EU #US #UnitedStates #MAGA #Russia #China #Trump #Economics #ReserveCurrency #USBonds

#PresidentEmmanuelMacron also wants to build bridges, no American input needed, between #G7_countries (or is it G6 ?) and #BRICS (an intergovernmental organization comprising ten countries: Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, South Africa, and the United Arab Emirates). Collectively, BRICS comprises more than a quarter of the global economy and nearly half the world’s population. Oh my, The Systemic Failure Salsa of the #AmericanDollar’s #ReserveCurrency status is hitting a faster tempo. Perhaps the #WhiteHouse should take a breather from dancing in the yet to be built #GoldenBallroom, and grab a #Taco.

https://www.youtube.com/watch?v=avsSMbBWorw&t=1s

Dollar's Global Demise - Luke Gromen on Network State Podcast

#global #reservecurrency

In the third Q of 2025, just under 2% of all global reserves were held in renminbi, as opposed to just under 60% held in dollars.

Xi Jinping has called for people to utilise the renminbi as a reserve currency more, but this looks like it will take some to achieve.

As the renminbi is second in trade financing & might we see a swing in reserves too?

If so, this may cause the US some difficulties; the 'exorbitant privilege' would be damaged at the very least.

#ReserveCurrency #economics
h/t FT

As people go hungry and desperate, and anger grows towards both American political parties, how soon (days?) will it take for people getting out on the streets?
When they do, civil unrest will be inevitable. Trump and his minions will call upon the military. The military will respond, either supporting the #TrumpRegime or #TheConstitutionofTheUnitedStates. In either case, the #ReserveCurrency Status will collapse and the #TreasuryBond tanks; Debts come due.

Hopefully, I am wrong, and there is still time - mostly because I do not think #Canadians and #MarkCarney's Liberals are ready for #America's chaotic collapse.
#AmericanPolitics #Canada #CanadianPolitics #Cdnpoli

https://impliedspaces.wordpress.com/2025/10/29/asemic-map-of-collapsed-empires/