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submitted 3 weeks ago by return2ozma@lemmy.world to c/news@lemmy.world
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[-] SnotFlickerman@lemmy.blahaj.zone 97 points 3 weeks ago* (last edited 3 weeks ago)

It's like he's trying to kill the US dollar. Nobody who was actually trying to protect our currency would be making these moves.

It's not a shocker why all the cryptobros are behind him either, because that's their goal, too.

But I mean god damn it is really hard to exaggerate how stupid and easily manipulated Trump is.

[-] Kecessa@sh.itjust.works 21 points 3 weeks ago

Crypto Bros like him because they don't want to have to pay taxes or to stop scamming people

[-] catloaf@lemm.ee 18 points 3 weeks ago

No "like", he is. Russia and China want to devalue the dollar and replace it as the world currency.

Obviously Russia is unlikely to achieve that, but I'm sure China encourages the use of RMB in their global operations, like in their belt and road projects.

[-] HK65@sopuli.xyz 4 points 3 weeks ago

They ironically don't, they have so many controls in place it's not even in the top five reserve currencies.

[-] djsp@lemmy.world 2 points 3 weeks ago

Russia benefits from a stronger US dollar insofar as its oil and gas exports are settled in that currency. The more valuable the US dollar is (as measured against the ruble), the more rubles Russia's exports end up yielding — or the better they compete with other producers in international markets.

[-] card797@champserver.net 8 points 3 weeks ago

The fiat currency cannot be discussed in public. It's mystery maintains it's real value.

[-] ChicoSuave@lemmy.world 2 points 3 weeks ago

Are you advocating for the gold standard?

[-] card797@champserver.net 2 points 3 weeks ago

I don't think that there is enough gold. Unfortunately.

[-] AnUnusualRelic@lemmy.world 2 points 3 weeks ago

Just use something else, like rocks.

[-] card797@champserver.net 1 points 3 weeks ago

TOO MANY rocks. It would be uncontrollable inflation.

this post was submitted on 30 Nov 2024
283 points (97.0% liked)

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