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40 sats \ 4 replies \ @justin_shocknet 10 Apr \ parent \ on: Trump announces 90-day pause on ‘reciprocal’ tariffs with exception of China econ
Miran addresses that the dollar as reserve gets driven up by foreign reserve use, at the expense of domestic manufacturing, that's different than devaluing it from where it is now. Trade barriers like tariffs slow or prevent it from constantly grinding higher.
A devaluation is one possible means for discharging the debt, but that would increase import costs in the short term, unlike the tariffs which get absorbed by the devaluation of the foreign currency.
You could reduce the trade deficit tomorrow by the Yuan for example being revalued down 90% where it belongs, but that'd exacerbate the incentive to manufacture there.
Trump has said much of the debt is illegitimate and much of it is owned within the US already. I doubt they revalue it down, more likely they monetize it with Bitcoin stables or Bitbonds which can the. go abroad and let the strength build in Bitcoin not the dollar.
Monetary zones reflecting security zones are another variable, and that's part of why I expect the 5 eyes countries to become states before long.
5 eyes countries to become states of the US?
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Yes, maybe not states as we know them, but at least formal protectorates.
The Canada and Greenland stuff is narrative seeding, they in particular are not viable as countries without subsidy, so for them it's inevitable. The dominoes of Australia, NZ and the UK fall from there.
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The Canada and Greenland stuff is narrative seeding, they in particular are not viable as countries without subsidy...
Tell that to a Canadian...
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They're retards but that's why the protectorate form makes the most sense, let those delusional retards stay retarded and keep pretending they have their own culture but put them on US monetary standards, customs and border control, merge what industry they have left, and give the military full operational control not just cooperation.
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