• marcos@lemmy.world
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    3 hours ago

    I wonder if this is the final nail that will decouple the world economy from the dollar.

    But then, I suppose the plan was to decouple the world from the dollar all the time. Trump is clearly playing 5D connect-4.

    • UnderpantsWeevil@lemmy.world
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      3 hours ago

      You were not born when the decoupling began. You will not live to see it end.

      I suppose the plan was to decouple the world from the dollar all the time.

      I mean, depends on who you ask. But there’s definitely been a deliberately effort from within the Silicon Valley wing of the economy to force people into using Cryptocurrency as a legally-compulsory dollar alternative.

      • marcos@lemmy.world
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        2 hours ago

        You were not born when the decoupling began.

        As recently as the 1970s, the world was getting unambiguously more coupled. As recently as the 1990s, it was ambiguously so.

        And decoupling only started to really happen last year. Before that it was going in a glacial pace.

        • UnderpantsWeevil@lemmy.world
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          2 hours ago

          And decoupling only started to really happen last year.

          We began decoupling when we took a militant policy against immigration. You can take that back to Clinton in the 90s or all the way back to Eisenhower in the 50s. But we’ve been adopting strains of isolationism straight back to the final days of WW2.

          You could describe the Cold War as an enormous globalized decoupling event, which we tentatively recoiled from a few times before collapsing back into it.