Does anyone NOT know that? Devaluing the dollar is literally the key item on the current president’s financial agenda, as they’ve explained repeatedly
Re:The Dollar Is Dead
by stego-tech on Sunday August 03, 2025 @05:30PM
(#44780004)
Listening to my fellow Americans? Lots of them either don’t know that’s the policy, don’t know the consequences of such a policy, or want it because they believe it’ll harm their enemies.
How can someone not know, at this point? You can literally just google “mar a lago accord”, this stuff has been widely discussed across mainstream media and social media (including the likes of r/conservative and even the whitehouse site! eg https://www.whitehouse.gov/briefings-statements/2025/04/cea-...)
Re:The Dollar Is Dead
by stego-tech on Sunday August 03, 2025 @06:15PM
(#44780305)
We assume people think similarly to us, but the reality is that we're the outliers in a lot of ways. It's why I occasionally insert myself into the Lion's Den on HN when I see someone smart espousing known bullshit, lest their SME be confused as authority on whatever they're screeding about.
Having watched colleagues spend every waking moment on their breaks digest literal propaganda as truth? Watching relatives so dosed up on misinformation by cable outlets that they only exist within that specific fantasy and never reality?
It's depressingly, distressingly common.
Until markets begin penalizing companies receiving government funding (or whose workers disproportionately rely on welfare due to low wages) with shitty share prices and recognize which sectors should be private while which others should be public, this nonsense will continue unabated.
This is why I loathe believers in the mythos of “the invisible hand of the free market”: if said hand existed, it’s been firing shots into its mouth for decades and everyone in finance has seemed okay with that continuing.