The post The fate of the global economy, de-dollarization and Russia under Trump 2.0 appeared on BitcoinEthereumNews.com.

The global economy is a tangled disaster right now. At the center of it all is de-dollarization, Russia, and the very real possibility of Trump returning to the White House. Picture this: a world no longer bowing to the U.S. dollar. That’s what’s on the line as countries from Russia to China to an entire coalition of Southeast Asian nations start peeling away from America’s currency dominance. Trump 2.0? He’s all set to launch tariffs and restrictions like never before if these countries keep trading in their own money. This setup has huge implications, not only for America and its financial empire but also for global inflation, debt, and—let’s face it—who calls the shots in global finance. Taking the dollar down a notch Russia’s leading the charge. As soon as sanctions started raining down on them after their moves in Ukraine, they took one look at the dollar and said, “Yeah, we’re done with that.” Now Russia and China are making almost all of their payments to each other in their own currencies now—over 90% of them, in fact. The entire BRICS are stepping up, pushing for a world where the dollar doesn’t call the shots. Their strategy? Creating a financial playground without a dollar referee. BRICS talks are all about devising a common currency, maybe even one backed by something solid like gold or commodities. It’s about security, really. No more one-country control over everyone else’s money supply. And if this pans out, it could rewrite the rules of global trade. Now Trump is watching all this, and let’s just say he’s ready to go full throttle with his America First plan. He’s all about keeping the dollar where he believes it belongs, no matter the cost to trade relationships or international diplomacy. Trump’s economic playbook: Tariffs, sanctions, and…

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Filed under: News - @ November 6, 2024 5:17 am