Sure but what you say, and I agree with it, has NOTHING to do with what Trump said.
He wants to maintain the dollar status as reserve currency and is threatening BRICS countries (which are PRODUCERS, and some of which like Russia are essentially self-sufficient) with...sanctions (?) if they try to replace the dollar.
That's the thing: that's an empty threat. The producer countries don't need the US which PRODUCES NOTHING, and they don't need to be attached to a dollar THAT HAS BEEN USED AS A WEAPON AGAINST THEM.
So what is Trump threatening them with? More sanctions? KEK.
I think it does because he's not one to make empty threats, and that point is where we disagree. So with that in mind, what can we interpret from the tweet?
I think he is implying that most of those countries (at this moment) NEED to maintain trade with the US. If I had to take a guess as to why, the US market probably makes up the largest part of their GDP, and without it, they would be up shits creek. They don't need us for producing, they need us for consuming. They NEED us to continue purchasing their goods (at this current time). The same way we NEED them to continue trade in dollars so we're not the ones up shits creek. Sure, they could trade amongst themselves... but I'm willing to bet it wouldn't be nearly enough to offset losing the US market at this stage of the game. Have you seen the price of imported produce in Russia, lol? Think about it, do you really think the average Russian is going to pay 4$ for a single mango or avocado? Forget about it. Those south american countries need us right now the same way we need them, until we can get off fiat and back to a dollar that's backed by something to restore balance in the markets. Then it can't be weaponized. But for that to happen, we need more time. We have to clean up our own house first and patch some wounds before we try to cut off the head of the beast.
Sure but what you say, and I agree with it, has NOTHING to do with what Trump said.
He wants to maintain the dollar status as reserve currency and is threatening BRICS countries (which are PRODUCERS, and some of which like Russia are essentially self-sufficient) with...sanctions (?) if they try to replace the dollar.
That's the thing: that's an empty threat. The producer countries don't need the US which PRODUCES NOTHING, and they don't need to be attached to a dollar THAT HAS BEEN USED AS A WEAPON AGAINST THEM.
So what is Trump threatening them with? More sanctions? KEK.
I think it does because he's not one to make empty threats, and that point is where we disagree. So with that in mind, what can we interpret from the tweet?
I think he is implying that most of those countries (at this moment) NEED to maintain trade with the US. If I had to take a guess as to why, the US market probably makes up the largest part of their GDP, and without it, they would be up shits creek. They don't need us for producing, they need us for consuming. They NEED us to continue purchasing their goods (at this current time). The same way we NEED them to continue trade in dollars so we're not the ones up shits creek. Sure, they could trade amongst themselves... but I'm willing to bet it wouldn't be nearly enough to offset losing the US market at this stage of the game. Have you seen the price of imported produce in Russia, lol? Think about it, do you really think the average Russian is going to pay 4$ for a single mango or avocado? Forget about it. Those south american countries need us right now the same way we need them, until we can get off fiat and back to a dollar that's backed by something to restore balance in the markets. Then it can't be weaponized. But for that to happen, we need more time. We have to clean up our own house first and patch some wounds before we try to cut off the head of the beast.