• FuckyWucky [none/use name]@hexbear.net
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    2 months ago

    One of his reasoning is wrong though. The issue isn’t fiscal sustainability or whatever. Their fake concern about fiscal sustainability is only to promote austerity and push people into more private debt. Their only issue with the big beautiful bill is that the spending cuts wasn’t large enough.

    But Trump’s tariff shocks, U.S. freezing reserves of other countries, sanctions, threats of voluntary default, threats of capital controls are the main threats to the Dollar.

    At least for now, countries still want to export to the US and accumulate USD financial assets.