this post was submitted on 31 Jan 2025
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In a fiery Truth Social post on Thursday night, the president declared that any country backing an alternative currency would be hit with 100 percent tariffs and effectively cut off from American markets. Trump made it clear there would be no room for negotiation, dismissing any possibility of an international shift away from the dollar.

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[–] [email protected] 8 points 1 day ago* (last edited 1 day ago) (1 children)

Yeah, we now know it wasn't a fluke the first time. I'm afraid the trend won't change unless someone takes the axe at American capital and redistributes massively a-la post Great Depression. The welfare state and labor power needs to be rebuilt. The market needs to be put in its place. I don't see that happening for a decade at least.

[–] [email protected] 4 points 1 day ago

Given the current state of politics all over the world, it looks more like isolationism and hatred are the ruling principles for years to come.

It's really baffling to see that the left in almost all Western countries managed to destroy itself completely and left the fields of their respective countries to the fascists.