The Mudcat Café TM
Thread #173989   Message #4220699
Posted By: Donuel
11-Apr-25 - 04:58 PM
Thread Name: Convicted felon US 47 Pres /Musk coup 2
Subject: RE: Convicted felon US 47 Pres /Musk coup 2
We could lose the status of the petrodollar system, which is essentially the global practice of exchanging oil for US dollars, rather than any other currency. This means that no matter what country is buying the oil, they pay the oil-producing country in petrodollars, which are denominated in US dollars.

This week, the dollar lost value, and there was a sell-off of the daddy of all markets, the bond market, where the most stable instrument was the T Bill. A loss of faith in the US economy under Trump is a real and present danger. This is not polemics or hyperbole.

Suppose you really wanted to build a factory in the US. You can not afford parts that come from China. Can you risk deportations? Can you risk retaliatory tariffs? Can you risk your investment for the next 4 years? Can you risk a government run by rejects and crazies that weren't good enough for Trump version 1?