MikeCristo8
@MikeCristo8
The only thing the U.S. could offer the world in 1973 was the petrodollar. The U.S. is a net importer.
Trump will be forced to isolate the U.S. from the rest of the world. Withdrawal of military bases from the Middle East. The dollar is being rejected now (SWIFT-mbridge).
The U.S. Treasury is now entering a debt crisis.
The Fed will try to massively devalue the dollar (by lowering interest rates). It won’t work this time. Rates could go 6-7% or higher.
The BRICS countries do not have interest rates (no bonds). They only have exchange rates. This why the world is dumping dollars.
FYI Trump will be forced to default on the debt. It will happen quicker than you think.
When you print currency to save the stock market.
Eventually rising bond yields will bring the whole system down.
