Honestly it’s a result of being the world’s reserve currency. At one point Brazil was the capital of rubber, and like 2 towns in Brazil made all of the latex the world used. They used to ship their clothing to Europe to be washed. Then 900 rubber tree seeds were smuggled out and it crashed their monopoly, devastating those towns.
Much the same has happened to the US when you can deindustrialize and print without consequences. The same happened to Spain with their silver mines in the age of sail. Silver flowed through Spain, but didn’t stay there… It was cheaper to buy foreign goods in Spanish silver than to pay a Spaniard to do it. When the silver ran out it all crumbled…
Trump killed the petrodollar and it’s going to turn the US into an inward looking regional power…
It’s his goal. Kill off the ability of the masses to contact and trade with the outside world, so they depend on him. Then extort the poor₁ much as possible.
₁ “Poor” here being everyone who isn’t a multimillionnaire. Because compared to people like Muskrat, everyone is poor.
I don’t think it makes sense to ascribe some devious plan to Trump. It is like saying that COVID-19 had the goal of making a short term bump of IT jobs that would be shed a few years later, breaking the long term job security of programming as a profession. 😉
Honestly it’s a result of being the world’s reserve currency. At one point Brazil was the capital of rubber, and like 2 towns in Brazil made all of the latex the world used. They used to ship their clothing to Europe to be washed. Then 900 rubber tree seeds were smuggled out and it crashed their monopoly, devastating those towns.
Much the same has happened to the US when you can deindustrialize and print without consequences. The same happened to Spain with their silver mines in the age of sail. Silver flowed through Spain, but didn’t stay there… It was cheaper to buy foreign goods in Spanish silver than to pay a Spaniard to do it. When the silver ran out it all crumbled…
Trump killed the petrodollar and it’s going to turn the US into an inward looking regional power…
It’s his goal. Kill off the ability of the masses to contact and trade with the outside world, so they depend on him. Then extort the poor₁ much as possible.
₁ “Poor” here being everyone who isn’t a multimillionnaire. Because compared to people like Muskrat, everyone is poor.
I don’t think it makes sense to ascribe some devious plan to Trump. It is like saying that COVID-19 had the goal of making a short term bump of IT jobs that would be shed a few years later, breaking the long term job security of programming as a profession. 😉
Yeah it’s pretty smart too since he’ll be dead in the next 10 years or less so he won’t have to live with consequences…