>>509987357>>509987143The gist is the USD is a global reserve currency for numerous reasons one is the legal system is preferable there than some Yurocuck court or a Chinese court or something similar. In other word's there is high demand globally for USD which keeps your currency being overvalued.
China and my country can export to the US market in CAD so if we want to dump on your market $100 products you will charge us some tariff like say 10%. Well we just devalue the CAD by 10% and that's exactly what we just did
https://financialpost.com/opinion/weak-canadian-dollar-best-defence-against-tariffs
>The Canadian dollar is down seven per cent against the U.S. dollar since September. This of course means I can't buy groceries because now my money is losing value because some jew in Ottawa is devaluing it constantly. Trump is going to stop this by slapping on much higher tariffs than usual like 30% to prevent devaluation and also do his trick soon of buying up our treasury bonds to keep the CAD high.
Now naturally our super globalist bank PM wants to create a new global reserve out of Europe and has been organizing to do so but it won't go anywhere because again, the court system there is a joke and reserve currency is also tied to defense spending and other factors all in that Miran paper. Anyway.