Reply to We almost (might have) lost reserve currency status

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Some of you might not like it but started to accelerate with sanctions of Russia and confiscation of Russian assets.
Instead of the dollar being seen as neutral reserve currency in sent a strong signal no body is safe to China and rich middle eastern countries.
The BRIC nations started accumulating gold and started trading in their local currency.
It was like shooting ourself in the foot and with tariffs Trump is accelerating the decline.[/quote]

That dog don’t hunt. Bond markets react quickly. It doesn’t take years. This is directly correlated to Trump’s insanity/dementia and the GOP-run Congress. No one cares about Russia’s piddly little economy. Remember it’s about a third of California’s economy. About a third of Texas’ or New York’s. [/quote]

It’s a slippery slope and the Chinese and the Saudi's looked and said it could be us next.
The BRIC nations started trading in the local currency and increased gold holdings.
Trump just increased the pace.
Biden and Trump did it together.[/quote]

It's the bipartisanship everyone claims they want to see more of.

Biden made it that we cut you off financially if we don't like you and Trump let everyone know we don't like them.

The world is acting accordingly now.[/quote]

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