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this post was submitted on 09 Apr 2025
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This is potentially a seismic shift in global finance/economics.
If US treasuries are no longer considered the "investment of last resort" (which they shouldn't be, since even sane Americans lack the commitment and risk tolerance to fight corruption and degeneracy in their own country), this may result in the dollar losing its status as the global reserve currency.
If that happens, the Americans will be fucked.
Hi. American here. Us losing our reserve currency status is all I've wanted for half my life. It will be the deathblow to this evil fking empire and I can't wait to see it happen.
I know I'm boned. But knowing that the world at large can finally move beyond the regressive pull of the US gives me hope for the future.
Same.
Shit sucks for us, but lifting the US boot off the neck of the world will make up for it.
There are other boots waiting in line; we need to transition in a way that prevents dominating empires.
Removing the US boot is a necessity first step.