RelativityRanger@lemmy.ca to Political Memes@lemmy.ca · 3 months agoPower balancelemmy.caimagemessage-square85linkfedilinkarrow-up1472arrow-down15
arrow-up1467arrow-down1imagePower balancelemmy.caRelativityRanger@lemmy.ca to Political Memes@lemmy.ca · 3 months agomessage-square85linkfedilink
minus-squareikidd@lemmy.worldlinkfedilinkEnglisharrow-up15·3 months agoIf Trump gets his wish and co-ops the Fed, they might as well start dumping USD. It’s going to be on a wild ride after that.
minus-squareTranscendentalEmpire@lemmy.todaylinkfedilinkarrow-up3·3 months agoI would be skeptical of them “dumping” anything, but they probably would start to slowly diversify their reserves. Right now there isn’t exactly a replacement other than gold, but that’s really impractical as a replacement for the bond market.
If Trump gets his wish and co-ops the Fed, they might as well start dumping USD. It’s going to be on a wild ride after that.
I would be skeptical of them “dumping” anything, but they probably would start to slowly diversify their reserves.
Right now there isn’t exactly a replacement other than gold, but that’s really impractical as a replacement for the bond market.