The long term consequence is this will accelerate the move away from the dollar as a reserve currency.
This is the very real thing. And it’s obvious.
See here is the problem with it:
1) The people he has surrounded himself with refuse to say no. They know this is very much a consequence of this situation, but they feel they are easily replaceable by someone willing to do the dirty work to keep the grift going.
2) The media and banking class outright refuse to acknowledge this out loud because they want access to his administration and know that saying this will piss him off.
3) His followers largely don’t know what that means for them personally or in terms of the economy. This is what happens when as a society you’ve never been on the other side of things and refuse to understand why.
This should be the alarm bell that this does not strengthen the dollar, therefore devaluing our currency within the US, exacerbating the government debt situation, weakening US businesses, while other countries have been looking for this opportunity for a long time…… but people want you think that
A) If you stop or get rid of Trump it will go back to normal
B) The world will want to go back to America has the leader of the world
The damage is done. And so fukk em for continuing to hedge with Trump.
And so when people wonder why they lost their job because their company has to operate with other currencies to make trade happen or can’t throw around dollars overseas when traveling or inflation forces them into despair, they will double and triple down again.
