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paleotn

(21,522 posts)

7. Careful, Russkies. The global trade system isn't dead

Mon Apr 7, 2025, 02:14 PM

Apr 2025

It’s being reformed without the US at its center. In fact, the US is cut out. Rules based trade will continue, but like Russia, the US won’t be part of it. The EU, Canada,, UK, Australia, Japan, South Korea and even India are supposedly in talks about just that. And before long, the USD will no longer be the global reserve currency, further complicating economic life for Americans. So they can gloat about the demise of America but beware the new colossus taking our place.

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