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I live in the EU and I HOPE Trump changes this toxic arrangement. European manufacturers had it easy. The US has been buying shit from us for decades since the Marshall Plan and their only export product has become the Dollar.
If Trump rebuilds the US production base and imposes massive tariffs, perhaps then the European economy will be forced to adapt or die. And finally shed the overregulation, ESG, DEI garbage.
I don't know if the US production base can really be rebuilt as long as the dollar is the world reserve currency. Triffin Dilemma.
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88 sats \ 1 reply \ @freetx 19 Jan
Triffin Dilemma.
Soft landing the worlds economies into a Bitcoin Standard solves this....as then there is no "country" that is the reserve currency.
I know this is wishful thinking, but if the US really really wanted to make its citizens prosper by returning the economy to being truly productive, this would be a way out...
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100%. Nick Szabo talks about how much of a historical aberration it is that countries are willing to trade purely in each other's fiat currencies.
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