Nobody seems to be talking about this. What would it mean for the US dollar to lose reserve currency status? It would probably mean higher taxes in order to pay for all the spending. Or it would mean less spending. Or it could mean both.
126 nations to attend BRICS summit to discuss abandoning the US dollar - https://t.co/3TOc7xriVl Comment: Would the massive debt that the US government incurs have anything to do with this? The article does not say.
— BootsandOil (@BootsandO6892) September 2, 2024
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