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bennieandthez@lemmygrad.ml

Donald Trump on the effects of the world dropping the dollar standard (lemmy.ml)

submitted 9 months ago by Confidant6198@lemmy.ml to c/quotes@lemmygrad.ml

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cross-posted from: https://lemmy.ml/post/34579135

https://www.aljazeera.com/economy/2025/7/30/exorbitant-privilege-can-the-us-dollar-maintain-its-global-dominance

https://www.indiatoday.in/world/story/dollar-is-king-trump-defends-its-status-as-worlds-dominant-currency-glbs-2752890-2025-07-09

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[–] materialanalysis1938@lemmygrad.ml 16 points 9 months ago (1 children)

The paradox of me wanting the dollar to collapse so the American Empire finally breaks, but at the same time realizing that such an event will be felt incredibly hard by workers all over the world.

[–] bennieandthez@lemmygrad.ml 13 points 9 months ago (1 children)

workers all over the world do not have much dollars on their pockets so it isn't that terrible.

[–] materialanalysis1938@lemmygrad.ml 4 points 9 months ago (1 children)

No but the global financial system will be in a terrible place which always hurts the working class more than everyone else

[–] KrasnaiaZvezda@lemmygrad.ml 4 points 9 months ago

Part of it has been that these "problems with the financial system" were actually a part of the system that served to increase wealth transfer from everyone into the hands of (some) the bourgeoisie, but now, with the increased decoupling/independence of the Global South, it seems to me that such "problems" become less of long term problems of the world Proletariat and become more of problems focused on the empire...