Thursday, January 30, 2025

That Will Work Out Well.

 As those sorts of things always do. 

US President Donald Trump has reiterated his threat to impose 100% tariffs against countries of the BRICS bloc, of which India is a part, if they attempt to replace the US dollar with an alternative currency. "The idea that the BRICS countries are trying to move away from the dollar, while we stand by and watch, is OVER," Trump said in a post on his social media platform, Truth Social on Friday. "We are going to require a commitment from these seemingly hostile countries that they will neither create a new BRICS currency, nor back any other currency to replace the mighty US dollar or, they will face 100% tariffs, and should expect to say goodbye to selling into the wonderful US economy," he stated.

Yes, about "wonderful economy". If it gets any more wonderfuler, we may slide into the great depression, and somebody has to explain to DJT that the only reason this hasn't happened yet is because big players do not want the whole of global economy going bananas once the US drowns. The foundation of which US Dollar's "exorbitant privilege" rested is not there anymore, least of all its main pillar--the mythology of US military power. India is a soft target, but in the end she a huge Peninsula in the Eurasian landmass southern belly and she has a lot of business within this mass. A lot. But in the end--these are R and C in BRICS who set the example. In the end, currencies are but the derivatives of tangibles which make the world go around.