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posted by martyb on Tuesday February 05 2019, @04:31AM   Printer-friendly
from the hello-ruble dept.

https://www.truthdig.com/articles/goodbye-to-the-dollar/

The inept and corrupt presidency of Donald Trump has unwittingly triggered the fatal blow to the American empire—the abandonment of the dollar as the world’s principal reserve currency. Nations around the globe, especially in Europe, have lost confidence in the United States to act rationally, much less lead, in issues of international finance, trade, diplomacy and war. These nations are quietly dismantling the seven-decade-old alliance with the United States and building alternative systems of bilateral trade. This reconfiguring of the world’s financial system will be fatal to the American empire, as the historian Alfred McCoy and the economist Michael Hudson have long pointed out. It will trigger an economic death spiral, including high inflation, which will necessitate a massive military contraction overseas and plunge the United States into a prolonged depression. Trump, rather than make America great again, has turned out, unwittingly, to be the empire’s most aggressive gravedigger.


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  • (Score: 3, Informative) by realDonaldTrump on Tuesday February 05 2019, @06:33AM

    by realDonaldTrump (6614) on Tuesday February 05 2019, @06:33AM (#796527) Homepage Journal

    They "print" anything anti-Trump. Even when it makes ZERO sense like this trash! While the very positive news about our Economy gets rejected. It's called Deluzional, folks.

    We have the strongest Economy in the World. And our Dollar is incredibly strong right now. reuters.com/article/global-precious-idUSL3N1ZZ2K7 [reuters.com]

    Venezuela has more Oil than anybody. #1. And we're about to get that oil. We're working very hard on that one. We found a guy, very smart guy, he studied at George Washington University. Now he's the President of Venezuela. Because of me. Very positive news. Rejected Sub. Tons and tons of gold waiting for the plane out of Venezuela. Rejected Sub.

    Tremendous Jobs Numbers last month (January). 304,000 new jobs in the Nonfarm. The Wall Street folks expected much less. Possibly because they'd been "reading" SoylentNews!! Rejected Sub. cnbc.com/2019/02/01/nonfarm-payrolls-january-2019.html [cnbc.com]

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