President Donald Trump insisted he loves inflation caused by his war in Iran and claimed he tanked the stock market on purpose.The 79-year-old president spoke to reporters Wednesday in the Oval Office, where he was asked about year-over-year inflation hitting a three-year high of 4.2 percent last mo...
Dedollarization of the global economy was a component of project 2025
@MajinBlayze @tacoplease If I heard or read that, I’ve forgotten. However, I’ve been following the economy for a long time (parent was economist). I’ve been waiting for the dollar to be trashed by the evil out there and turned into rubles. Can’t have a strong dollar when democracy is being killed off.
Technically I’ve overstated it a bit, the more correct framing is that a major contributor of Trump’s economic policy, Stephen Miran, also wrote a paper called “a user’s guide to restructuring the global trading system” which advocates and provides guidance for removing the dollar as the primary reserve currency of the world.
But that seems like a distinction without a difference to me.
I don’t think that that necessarily means we’ll see the ruble in it’s place though.
What’s you idea behind how the Federal Reserve came to be, what it is, and how that might differ from how it’s perceived? Anything? — just curious
Far as we remember, banks have always been a thing in one way or another, however one too many banks got robbed, destroyed or worse, everyone cashed out all at once; caused the US gov to initiate an insurance policy, which needed a treasury to fulfill those insurance policies, it was a way to help banks.
We think that was the beginning of the US federal reserve; if our memory serves us right. Idk the year or specifics, just that tidbit from history. If we’re wrong then please lmk lol
Wouldn’t it be “luk”? Lol
Also happy cake day from all us!!
Pfft haha yeah true, though for most of the abbreviations we try to keep it to original/generic for other ppl not to get confused as to what we mean. But when we word it out, yeah we would say let us know.
Google is that way ⬆️
I’ve formed my own opinions. I was more or less curious how ours might diverge. Appreciate the response nonetheless.
I’m not going to stumble through my limited knowledge about the entirety of the history of the fed to see if it happens to overlap with whatever you’re getting at. If you have a point, make it.
No point. I am just someone who is curious because I like to learn new things, and thought perhaps I could spark some discourse toward that effect. It’s my fault for being so unconventional, off topic, and clearly having overestimated your limited knowledge about it. All is well, I would prefer your composure and not your stumble. Have a good day.
I thought the idea was to weaken the dollar but still have it as global reserve currency