• jonne@infosec.pub
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      1 day ago

      I mean, their stated goal is actually to devalue the dollar so exports are more attractive. Of course, that also means importing becomes more expensive, and China makes everything, so there’s no way people are going to be happy about that.

      • NatakuNox@lemmy.world
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        1 day ago

        Exports… Export fucking what!? Do people actually think any company that actually manufactures things in America are going to lower their prices?! Making things in America is expensive and won’t be cheap enough soon enough to pivot. Nearly all of our raw materials come from outside the country. And once the US dollar crashes making anything in America will cost more than any other product on the market regardless.

      • ryanee@fedia.io
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        1 day ago

        they also have a huge gold reserve of around 147.3 million ounces of gold (worth around 290 billion USD today) and this administration suspiciously already shown interest in auditing since the inauguration and it hasnt been audited for like at least 50 or 60 years, many of these gold are foreign reserve but its not like they are trustworthy and betraying USA allies on a weekly basis if not on daily basis

        • redsand@lemmy.dbzer0.com
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          16 hours ago

          There is a conspiracy that the gold is gone and has been for some time as well as the idea to liquidate the stock pile to buy crypto. And bonds maybe? Treasury is fucked.