Comment on US Trade Dominance Will Soon Begin to Crack
AA5B@lemmy.world 1 week agoThere was one of the conspiracy theories last year, that the goal was to disrupt trade enough to devalue the US dollar. Our shit would be cheaper on the global market and our salaries will be lower relative to other countries
vacuumflower@lemmy.sdf.org 1 week ago
Yes. Except this works only in dynamic, that is, while USD keeps devaluing compared to much of the world’s currencies and goods, that might help exports.
And also revitalize the economy by somewhat hurting speculative assets.
But IRL it’s a gamble, and those who have power keep power.