At first, it was just a quiet murmur in relatively isolated sections of the financial press. Today, however, the voices are growing louder: the US dollar could lose its role as the world’s global currency amid the breakdown of all the arrangements and mechanisms of the post-war period under the impact of the US economic war against the world initiated by President Trump.
Yup. Trump’s idiocy is going to cost America’s position as the World Reserve currency. Which in all globalized world means D industrialization of your nation unless you heavily invest in the working class. We created this problem and now want the world to buy American, when we don’t make anything of worth.
Ehhh. I’m not optimistic about it, but America does make some of the best leather boots and tools on earth…
but quality has a curve far outreaching usability. That level of peak isn’t necessary. It’s just nice, and we aren’t alone in it. Japan is known for high quality, as is Germany.
I remember when they started to say outsourcing everything was great and how companies moving overseas was awesome for the economy… And blah blah blah… I mean they might have been doing it before but in the 90’s ish is when I remember this happening and thought it was dumb as a child… And here we are today…