Hey all, I am getting more and more worried about the dollar. I will share a few thoughts in the hopes someone smarter/better informed can either quell my fears or encourage mr to invest in MRE's and ammunition.
1. If we continue status quo, or if Trump rolls back the tariffs, or if SCOTUS compels him to roll them back, I presently believe the dollar would be fine. Yes, US has drawn the world's ire, but the US is still an endless gaping hole of consumption, and that's too enticing to ignore. Further, who else would become the reserve currency? China literally couldn't, as they'd need to become an import economy. Who trusts the Euro to still be around in 30yrs?
2. On the other hand - I have been presented with the possibility J Powell could ostensibly be fired. Even if not, he only has one year left, and Trump will pick the next guy. If SCOTUS ends fed independence, I think that's it. I have no idea what the rest of the world will do, but I don't see how the dollar could remain the world's reserve currency with Trump directing monetary policy. Further, without that crutch to lean on, I see no other option besides US economic collapse. The economy is completely reliant on low interest bonds.
Am I overreacting? Is this a possibility? Should I just stop paying attention either way, as in scenario 1 I'll be fine and scenario 2 my stocks will be worthless anyway?