…Trump may escalate pressure on allies by leveraging America’s financial dominance
"America's financial dominance"?! Unless he has a time machine, not quite sure how that's going to happen.
this post was submitted on 04 Apr 2025
88 points (100.0% liked)
World News
45410 readers
5805 users here now
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
Lemmy World Partners
News !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
founded 2 years ago
MODERATORS
This will trigger the world to move away from the Dollar as the currency for international trade, which will cause the collapse of the American financial sector.
Ironically, this would largely achieve Trump's goal of lowering America's trade deficits. A big reason why America runs such deep deficits is because the strength of the dollar makes it less attractive to buy from the US, but the dollar never weakens because it's the global reserve.
Of course, when OPEC discussed moving away from the dollar Trump lost his shit, so it's not like this is his actual plan. There's no 5D chess here, they're all idiots. Nor would intentionally devaluing the dollar to increase US exports be a smart idea, but it is something that has been seriously proposed by one of Trump's economic advisors.
Rumour goes the idea is to force others to peg their currency to the dollar in fixed exchange rates so they can stay the reserve currency and still re-industrialize. Tariffs are used to force others into that arrangement. With how trustworthy USA has been the last few months, countries are not going to be enthousiast about this.
I've heard a few different theories about big plays that might be the intent here, and they all fall down on that same basic problem; The US, doesn't have the reliability or the leverage to make it work. That's not saying that the theories are bad - they're all plausible enough - just that no matter what the White House thinks their play is here, it won't work because no one has enough incentive to play nice with them. The US no longer has the economic dominance needed to force these kinds of changes, and they're too unreliable a partner for anyone to willingly enter a a long term arrangement with them.
But then I suppose none of this is surprising when you look at Trump's business dealings. He's never understood any way of operating other than being an unreliable partner and screwing everyone around you, and it's why his businesses all failed. He's never understood the value in being a reliable partner.
It’s funny how everything Donald Trump does is exactly what Putin would want him to do.
Thank you Donald for fast tracking the world's disengagement from US financial control
Oh, man, I fear not, I really wish he screw us so hard that we become independent from USA through struggle… I just cross fingers that our representatives embrace the opportunity for real
We just call it bullying.