• ikiddEnglish
    12·
    16 hours ago

    If Trump gets his wish and co-ops the Fed, they might as well start dumping USD. It’s going to be on a wild ride after that.

    • TranscendentalEmpire@lemmy.today
      1·
      16 hours ago

      I would be skeptical of them “dumping” anything, but they probably would start to slowly diversify their reserves.

      Right now there isn’t exactly a replacement other than gold, but that’s really impractical as a replacement for the bond market.

      • corsicanguppy@lemmy.caEnglish
        1·
        12 hours ago

        there isn’t exactly a replacement other than gold,

        If only there was another currency used by a number of different countries.

        What does France and Germany use? Can England back their pounds on the franc?

        • TranscendentalEmpire@lemmy.today
          1·
          11 hours ago

          What does France and Germany use? Can England back their pounds on the franc?

          Are you asking if the EU can use the euro as a reserve currency?