this post was submitted on 01 Jun 2025
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Because holding USD is a liability these days.
Is it?
Seems like petrodollars have been riding high for decades.
!remindme in one year
Since you've missed the news, the USA has been overtaken by a fascist christian white supremacist party who gut social programs, cut science funding, literally completely disbanded the department of education, increased the defficit, and enacted large Tariffs on every other nation.
For the third time (assuming you don't count Congressional cycles) in twenty years. I've spent a solid 13 of the last 25 years living under a Christian Fascist presidency. Why am I supposed to assume that will devalue the dollar this time around?
You're either pretending this administration isn't worse than any previous example or you are woefully naïve.