this post was submitted on 17 Jan 2026
396 points (99.0% liked)

World News

52430 readers
3089 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

As Donald Trump shatters the global rules-based order, official institutions (and private investors) are scrambling to buy gold: the share of the asset in central banks’ reserves has doubled in the past decade to more than a quarter, the highest level in almost 30 years.

Although this partly reflects the soaring bullion price, experts say central banks are also stuffing their vaults as an insurance policy in a volatile world. Many are also rushing to repatriate gold stockpiles held overseas, and slashing their exposure to the US dollar.

“We have moved from Pax Americana to global discord, geopolitically. It is the law of the jungle when we see what the US are doing,” says Raphaël Gallardo, the chief economist at the asset manager Carmignac.

“Investors – private and sovereign – believe their strategic reserves are no longer safe in dollar terms, as they can be confiscated overnight. The dollar is losing the credibility as the nominal anchor of the global monetary system because the Fed is losing credibility, and US Congress is losing its credibility.”

MBFC
Archive

you are viewing a single comment's thread
view the rest of the comments
[–] breakfastmtn@lemmy.ca 19 points 1 week ago (1 children)

The administration is made up of the dumbest motherfuckers to have ever walked the Earth.

[–] plyth@feddit.org 10 points 1 week ago (1 children)

The newspapers and media companies play along, but are owned by billionaires who could force congress to impeach Trump.

[–] thorhop@sopuli.xyz 12 points 1 week ago (1 children)

But they are also the dumbest motherfuckers who have ever walked the earth. You don't need to be smart to be an oligarch.

[–] plyth@feddit.org 2 points 1 week ago (1 children)

Some heirs are, but the majority of billionaires is clever enough to understand that alienating all allies will destroy their fortunes.

[–] GreenBeanMachine@lemmy.world 8 points 1 week ago* (last edited 1 week ago) (1 children)

I think once you have more billions than you know what to do with, you don't care about money, or allies or material things anymore.

You start to believe you are a god and you deserve to rule the world. Hence why they are all going along with the fascism.

It's a mental disease. People shouldn't be allowed to have this much money for their own health and once they do, the only medicine is the guillotine.

Putin and Trump are some of the worst cases of this disease and need that medicine ASAP.

[–] plyth@feddit.org -1 points 1 week ago (1 children)

There are about 1,000 billionaires in the US, competing with 1,000 in China. That competition will keep them grounded in reality. They can only go with fascism if that keeps them competitive.

[–] GreenBeanMachine@lemmy.world 6 points 1 week ago* (last edited 1 week ago) (1 children)

Competing for what? Certainly not in earning more money. What would having more money achieve if they already have all the money?

Do you really think there is a single billionaire "grounded in reality"?

If they're competing for anything, it's power. Fascism brings more power to the rich and the ruling class.

Also, more power = more means to extract more money from the working class.

Fascism, power and greed go hand in hand.

[–] plyth@feddit.org 1 points 1 week ago (1 children)

Yes, competing for power.

Yes, I think they are grounded in reality. To maintain their power they have to keep their companies competitive.

[–] GreenBeanMachine@lemmy.world 3 points 1 week ago* (last edited 1 week ago) (1 children)

I haven't heard anything sensible being said by any billionaire. They're all delusional. Unless they're just pretending.

How exactly are they grounded in reality?

[–] plyth@feddit.org 1 points 1 week ago* (last edited 1 week ago) (1 children)

"There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning."

Said by Warren Buffett, a billionaire.

The competition grounds them. If they make the wrong decisions they lose their power.

[–] GreenBeanMachine@lemmy.world 4 points 1 week ago* (last edited 1 week ago) (1 children)

I'm not sure I get what you mean.

The reality is that they are destroying the planet. Literally.

And they are most certainly not grounded in this reality.

[–] plyth@feddit.org -3 points 1 week ago (1 children)

They are only destroing the climate that is suitable for farming. The coal comes from forrests that grew on earth while CO2 levels were high.

They may not care about humanity but they care about maintaining their power.

[–] GreenBeanMachine@lemmy.world 5 points 1 week ago (1 children)

According to them climate change is a hoax. That's not being grounded in reality. That's denying reality.

So in other words, they are "grounded in their own delusional reality". Not the real reality.

[–] plyth@feddit.org 1 points 1 week ago

There are 1,000 billionaires. Not all will believe it. E.g. why has Musk pushed electric cars?

Even if they say they don't believe if, that can be deception. Climate change is useful for the northern shipping route, or to create bigger changes like triggering a new ice age and make north Africa green again, or just to soften nuclear winter.

There is no open discussion about why global warming was not stopped in 1970 when people knew and things could have been changed.