Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

This applies to trade in all directions.

Funny how the US has been advocating for trade while it was "winning" (read, giving worthless papers for real goods). Since now we are hitting a wall (competing economies asserting themselves, and willing to be freed from the dollar), and since the US prsident seems to disregard, or not aware, of the massive advantage that the dollar means for the US economy, a trade war has been started.

This war will either be won by the US on the short term, or the dollar will be dismissed as international currency.



> giving worthless papers for real goods

> This war will either be won by the US on the short term, or the dollar will be dismissed as international currency.

Remind me what the Yuan, Yen, and Euro are backed by? Or are you saying that the world will go back to the gold standard?


Seems rather binary.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: