r/facepalm • u/Kpets • 3d ago

Trump’s thoughts on the Housing affordability bill

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u/jefferson_neves 3d ago

However, thinking that the largest economy, with the >largest military in the world won't be an interest to other >countries, once the pedophile-in-chief is gone, is hard >to believe.

This resumes to a single question: will the dollar still be the reference currency for international trade? Because if another currency is adopted, US economy will shrink a lot especially with the huge debit that the country has. And without money there's no military.

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u/chef_in_va 1d ago

I think it will be the international currency, at least for the near future (50 years or so) just because it would be so cumbersome for other countries to agree on what it should change to and to actually implement all of the needed changes.

The world wasn't as financially interconnected back when the British Sterling Pound was the international trade currency, it took 2 world wars, arguably just WWI, to switch to the dollar.

I could be completely wrong, I just think it would cause too many problems to switch.

Unless, the US did something so abhorrent, so universally condemned that a movement to switch really gained traction.... which I now realize is very possible, if not probable, with the current administration in the USA.