12 points
Of course. This totally changed the dynamics of world economies. It was a wake up call.
6 points
My issue is with the expressed idea of Trump realizing his mistake and rolling back.
It’s not a mistake. And they don’t want to go back. This is intentional and directed behaviour, we think it’s crazy or weird just because it’s so stupid.
I do realize I’m being an annoying pedant about it. But because I feel it’s so important to underscore this as it informs what our response needs to be.
The system of bonds and the USDs unique place in the world economy that you (accurately) described needs to be replaced. We shouldn’t try to save it or implement workarounds except as a temporary measure to disentangle ourselves in an orderly fashion.
