this post was submitted on 30 Nov 2024
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[–] [email protected] 97 points 2 weeks ago* (last edited 2 weeks ago) (9 children)

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.

[–] [email protected] 18 points 2 weeks ago (2 children)

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.

[–] djsp 2 points 2 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.

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