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goobster · 2341 days ago · link · · parent · post: U.S. State Department has been gutted, with no end in sight
AND he abandoned the Strong Dollar Policy, which had maintained the US Dollar as the reference currency for every other economy on the planet. This was a "soft power" position that continually put the US in a strong negotiating position with any other country in the world. This gave rise to the Euro becoming the key reference currency that all other currencies are measured against, effectively making Germany the financial arbiter in world politics.