Post #2832719
2026-05-13 21:00 UTC
@metaning@mastodon.social every country in the world is currently holding a bunch of US dollars. Reserve currency, Petro dollar trading, even just paying off bonds.
So on some level, most of the world is involved in at least maintaining some of that value for a while. It's not exactly the same as reconstruction, but we're not exactly going through a post-war reconstruction.
It's kind of a big currency rebalancing that needs to happen. Because everyone is so exposed to the US currency in all of its forms, it's going to be a complex renegotiation. It's not going to be a big money dump to help her rebuild, it's going to be these little tweaks everywhere to maintain solvency.
Replies (1)
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@metaning@mastodon.social 2026-05-13 21:16
@gatesvp@mstdn.ca I don't think any country seriously believes the US dollar is going to be worth more than the combustable energy value of the paper it's printed upon in 5 years time. Oil will trade in Euro and Yuan. USia has no utility to the rest of the world for anything in which stability is a requirement. Countries will pull their gold stockpiles for more stable locations, etc.