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Comments

• imeansurewhynot@sh.itjust.works ⁨1⁩ ⁨week⁩ ago

  America would have to regain its allies that have already signed new trade agreements with stable partners, reduce its national debt by an unprecedented factor within the year, reify a false projection of American production with negligible resources and infrastructure, illegally invest in federally outlawed scientific innovation and research after establishing strict political and economic safeguards against future corruption.

  Riiight around the corner.

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• Zwuzelmaus@feddit.org ⁨1⁩ ⁨week⁩ ago

  USD? Never. It has been in the past, but that time is over, and will only come back after the USD is broken and gone, and they have a brand new currency.

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• qyron@sopuli.xyz ⁨1⁩ ⁨week⁩ ago

  Preface: Switzerland is a safe haven for the time being; many of its banks are under scrutiny for money laundering.

  The US established itself as the de facto world currency (see the Breton Woods agreement) after WW2. The nation had an immense international good viewing, was solvent and industrialized. All of which is gone now.

  The US would need to upturn its entire system in order for the dollar to regain it’s status as a reserve currency. Global foreign debt would need to be reduced, drastically and rapidly, political stability would need to be a given, not the current 3 ring circus the world is constantly being pestered with, political overreach on international affairs would need to cease and morph into international agreements and collective association, reindustrialization and movement into deep and long lasting sustainable industry and economy would need to be enacted.

  Not happening.

  The open move into authoritarian politics is an ongoing open example and record of how a nation can crumble into nothing.

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