Scustin Bieburr
Baby baybee baybee UUUGH
China and Japan have more foreign currencies than many countries than the UK, France, Germany, America, mexico, and Brazil combined 
The second most held currency next to the dollar is the Euro
en.wikipedia.org
And last year--before white america decided that the USA would emulate hulk hogan's hollywood heel turn to become globally hated--the number of euro purchases by foreign exchange reserves was going DOWN
but now? I'm keeping my eye on the first quarter of 2025 for these numbers. America can afford to print more money in a financial crisis without worrying too much about inflation because other countries do business using the American dollar and hold billions in reserve. If the dollar is no longer the reserve currency, the next financial crisis that requires quantitative easing(printing money) will devalue the dollar relative to the currency that has taken its place.
Donald Trump WANTS this to happen because if the US Dollar is not as valuable as something else like the Euro, that makes it cheaper for investors to buy American assets and it makes America's exports cheaper. If America's exports are cheaper, the assumption is that foreign countries will invest more in the American economy and use it as a manufacturing base similar to what happened to China in the 80s and 90s and what is currently happening in Mexico since the peso is weak compared to the euro or dollar. Now if you're one of the hogs that support him, that sounds amazing. "fukk yeah brother. Made in America. None of that Chinese shyt!" until you think about it for more than 3 seconds and realize that a business owner's goal is ALWAYS to maximize profits while slashing costs. America has a huge tech sector that produces robots that are used in manufacturing. The investment wouldn't come back in the form of good paying factory jobs like it's the 1960s. It would come back in the form of money going straight to the stock market for these businesses who will report huge earnings and pay more dividends for their biggest investors.
In the short term, he wants to cause a depression that only the absolute richest Americans will be able to withstand, but what he's hoping will happen is that if you were a rich person who bought a ton of stock while the crash was occurring, the rebound would be MASSIVE for you and your wealth would increase dramatically far beyond what you had before the crash. Think something similar to what happened to the stock market during covid followed by the boom that occurred(for the rich) afterwards. He's trying to make this happen on purpose so the rich can solidify their wealth.
But where does that leave the millions of people who will be unemployed? I assume what he thinks will happen is that they'll all be gig economy workers and that is what will constitute a larger chunk of the american economy. He wants workers that can be fired easily and have no social safety net protections to help them get back on their feet. Donald Trump was a man who famously said he liked firing people and it became his catchphrase on his TV show. America has decided to elect the boss who treats his employees like shyt and whose business is a revolving door of people leaving every few months and being replaced by desperate people.
If you aren't already diversifying any investments you have, and if you aren't already trying to figure out how you can acquire the skills for a side hustle or a new career that is harder to automate away(like being a physiotherapist, pharmacist, counselor, cook, influencer) you need to start NOW before it becomes more expensive to do this.
The second most held currency next to the dollar is the Euro
List of countries by foreign-exchange reserves - Wikipedia
And last year--before white america decided that the USA would emulate hulk hogan's hollywood heel turn to become globally hated--the number of euro purchases by foreign exchange reserves was going DOWN
but now? I'm keeping my eye on the first quarter of 2025 for these numbers. America can afford to print more money in a financial crisis without worrying too much about inflation because other countries do business using the American dollar and hold billions in reserve. If the dollar is no longer the reserve currency, the next financial crisis that requires quantitative easing(printing money) will devalue the dollar relative to the currency that has taken its place.
Donald Trump WANTS this to happen because if the US Dollar is not as valuable as something else like the Euro, that makes it cheaper for investors to buy American assets and it makes America's exports cheaper. If America's exports are cheaper, the assumption is that foreign countries will invest more in the American economy and use it as a manufacturing base similar to what happened to China in the 80s and 90s and what is currently happening in Mexico since the peso is weak compared to the euro or dollar. Now if you're one of the hogs that support him, that sounds amazing. "fukk yeah brother. Made in America. None of that Chinese shyt!" until you think about it for more than 3 seconds and realize that a business owner's goal is ALWAYS to maximize profits while slashing costs. America has a huge tech sector that produces robots that are used in manufacturing. The investment wouldn't come back in the form of good paying factory jobs like it's the 1960s. It would come back in the form of money going straight to the stock market for these businesses who will report huge earnings and pay more dividends for their biggest investors.
In the short term, he wants to cause a depression that only the absolute richest Americans will be able to withstand, but what he's hoping will happen is that if you were a rich person who bought a ton of stock while the crash was occurring, the rebound would be MASSIVE for you and your wealth would increase dramatically far beyond what you had before the crash. Think something similar to what happened to the stock market during covid followed by the boom that occurred(for the rich) afterwards. He's trying to make this happen on purpose so the rich can solidify their wealth.
But where does that leave the millions of people who will be unemployed? I assume what he thinks will happen is that they'll all be gig economy workers and that is what will constitute a larger chunk of the american economy. He wants workers that can be fired easily and have no social safety net protections to help them get back on their feet. Donald Trump was a man who famously said he liked firing people and it became his catchphrase on his TV show. America has decided to elect the boss who treats his employees like shyt and whose business is a revolving door of people leaving every few months and being replaced by desperate people.
If you aren't already diversifying any investments you have, and if you aren't already trying to figure out how you can acquire the skills for a side hustle or a new career that is harder to automate away(like being a physiotherapist, pharmacist, counselor, cook, influencer) you need to start NOW before it becomes more expensive to do this.
