Source: Persuasion
by Quico Toro
“America issues the currency other countries keep their savings in. As a result, the debt the U.S. government issues is regarded as risk-free even though it’s denominated in a currency the U.S. itself controls. It’s a setup other countries can only dream of. Normies don’t get that. And they really don’t get that this whole setup is at risk. Certainly Donald Trump hasn’t the foggiest clue why the dollar’s role as a reserve currency matters. His second term can be read as a determined campaign to blow up the dollar’s denominator role. But the world’s willingness to transact its business in U.S. dollars isn’t some unalterable fact of nature.” (07/09/25)
https://www.persuasion.community/p/messing-with-the-fed-is-playing-with