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0 sats \ 14 replies \ @Solomonsatoshi 24 Mar \ parent \ on: Replacing Cash With CBDC Would Pose A Grave Threat To Our Rights and Freedoms econ
Most people want a convenient MoE.
While LN is now useable it still takes a conscious effort to use and there are very few places you can use it.
It has not taken a blatant ban to effectively prevent Bitcoin MoE from becoming any threat to fiats dominance.
Trump certainly knows how to pander to and please his base but the scope and range of his actions does align with a recognition that US imperialism is facing an existential challenge (from China) and that urgent and radical action is required.
His threat to BRICS nations (read Saudis in particular) that any move from them to use an alternative to USD/SWIFT trade payments would be met with a harsh response says a lot.
He knows Iran and Russia are selling oil to China using alternative Yuan denominated channels and if the Saudis or any other large oil exporters joins them the petrodollar is finished.
At that point USA is swiftly insolvent- its global hegemony is over.
China takes Taiwan ~ and resistance is futile.
Most in the west are in denial of how imminent global regime change could be.
But don't think Trump and those around him are.
I don't think Trump knows anything...
Have you seen this? Does this guy look like someone who has a plan for US prosperity? Or anything else?
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Yes I hear where you are coming from - he is a master of obfuscation, distraction, and just pure showman baloney, but all the moves he is making on trade, tariffs and China do indicate he is aware of and responding to what is happening.
Whether his response will be seen as successful in retrospect I do not know, he might even be enabling others, but recognising a problem is a crucial part of the process toward addressing it.
Biden did not reverse any of Trumps previous tariffs on China and in fact advanced strategic repositioning of strategic manufacturing capacity ala Taiwan microchips to US mainland.
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In my opinion, if he were actually knowledgeable about US competitiveness he would be doing the absolute opposite.
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What is the opposite of tariffs?
Direct subsidies for manufacturers?
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Lowering import duties. Basically making goods cheaper for americans.
and more broadly, investing in infrastructure and additional education for americans so they can upskill/reskill and get better jobs.
The US has a huge shortage of skilled tradespeople for jobs that pay well and i don't know why trump never talks about it
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Lowering import duties would worsen the chronic trade deficit.
Investing in infrastructure and education would have results if the underlying economy had areas where it could viably compete internationally- but does it?
When you have been living on credit/debt for decades and your manufacturing skills capacity and infrastructure has been in relative decline because foreign competitors can produce the same goods at a lower cost and higher efficiency, its a difficult bind to get out of.
Reserve currency status and its ability to live beyond your means has led to chronic and widespread structural decline.