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by somenameforme 464 days ago
None of this has anything to do with the current administration, nor is it any part of their plan.

For instance you previously mentioned the USD being world reserve currency, which indeed it is. But here [1] are those data. Q4 2024 hasn't been published yet but Q3 has it down to being 57.39% of global reserves. Very soon the USD will no longer be a majority reserve currency, down from a post Bretton Woods peak of 71% in 2000. People are gradually stepping away from the dollar, which reduces our ability to effect change on other countries' economies through monetary policy. And this without any clear replacement for it, yet.

And that's just one factor among many that's changing. These things were all happening long before the current administration, and will continue to happen regardless of who's in power or what they do. Getting back to business as usual would be more likely to accelerate these changes more than anything.

[1] - https://en.wikipedia.org/wiki/Reserve_currency#Global_curren...