The Supreme Court on Thursday suggested the governors of the Federal Reserve were not subject to removal from their positions by President Trump in the manner he has done with other agencies.
That may be the case, but Powell’s term as chair ends in May of 2026, and I guarantee Trump will only appoint a lackey that will do whatever Trump wants. The end of the dollar is coming faster than you think.
C’mooooon hamberders!
Jpow will just refuse to leave
What’s the best currency to transfer to at the moment?
Gold. It’s a real asset that does really well when the dollar does poorly. In addition, it’s a safe haven for geopolitical risk, which is growing.
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Not enough to go around is what makes it valuable, lol.
I suspect when id dollar falls significantly, Bitcoin will collapse. There has been a rise as people look to hedge the dollar but there has not been enough turbulence to really make people feel a pinch, yet. All the pinch has been market internal than international. Tariffs and people offloading dollars may change that but it’s a slow car crash.
Saying that, I thought people would exit us dollar and expected Aus dollar to rise, given it is a surrogate for China, economy wise, but a western country.
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Oryes, I get that. The way you wrote it, it seemed like the scarcity was why you thought it couldn’t be used as a currency reserve. It still is but in much lower amounts.
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