11 November 2018

New Gold - part the seventh

Yet another laggard in the mainstream media figuring out that the Buck's New Gold status has some implications. This piece deals with the Trumpian (lack of) intelligence manifest in tariffs and the like. Of major concern, although not the lede alas, is this:
In some ways, sanctions are the perfect American weapon. They are cheap, put no American lives at risk and elicit no equivalent response. Thanks to the centrality of the dollar to the global financial system, only the United States has the power to fully wield them.

In other words, if the US Buck were just another currency, Trump's sword would just be a wet noodle. Kind of like his dick.

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