Europe’s largest asset manager Amundi is reducing its exposure to US dollar assets and turning to European and emerging markets, its chief executive has said.
Valerie Baudson, whose firm has €2.4 trillion of assets under management, said Amundi would advise clients to shift away from the greenback over the coming year, warning that if US economic policy remains unchanged, “we will go on seeing a [weakening] of the dollar”.
Even though it will send the US into a depression I can’t wait until the world dedollarizes and causes a collapse of the US financial industry, my country is out of control and centrists here don’t even remotely get how dangerous the cancerous empire of the US has become.
Centrists here think if we just elect Gavin Newsom the ship will right and the rest of the world will just forget the last ~10 years.
The loss in trust is permanent, as it should be.
The loss in trust may be permanent, but I think there is still a real desire to develop new good relations. If the US were to pass meaningful reforms and approach old allies on a more equal footing in real negotiation and not primarily the role as the big bad bully, I think a new framework of trust could be slowly built again.
Joining the ICC and not threatening invasion if they dare try to hold an American accountable would be a good start.
Imo, " most people" simply don’t want to know. Denial is a human condition, and it doesn’t have an age, education or colour.
Destruction of the US shouldn’t be a goal. It’s especially the current US Gvment and their zealous crazy ideology that is the enemy, if you ask me. Same one as some other well-known sickly "empires’. And it didn’t just happen overnight or in 2025, there were many signs before that.
Leave aside the issue of blame. Other nations have no leverage to change the U.S. government. It’s arguably even beyond our influence, but Americans have the best shot at changing it. All that others can do is to try to tear down the whole empire, and it’s in their existential self-interest to try. If that leaves us Americans caught in the middle, that’s just harsh reality. Denial is human, but if we want to escape it, we have to get organized.
Correct.
You Americans voted a second time for orange man, though knowing very well what will happen. The US system allowed it, so, yes, the current system in the US needs to be destroyed to prevent that something similar may happen ever again.
A lot of uneducated folks voted for him thinking it would help the economy, and to note, it was less than a third of our populace.
I think misinformation did more damage than anything. So many people didn’t vote because Kamala wasn’t pro Palestine enough for them as just one example. People were really feeling the flames to disengage our voter base, with lies like, both parties are the same, your vote is meaningless, a cabal is really controlling it all anyways why vote?
And it would be foolish to think that misinformation is just limited to the US. It hit brexit hard, and it is coming for other more stable countries next as nefarious powers seek to upset the current world order.
Few people here are talking about radical reforms that would change the existing power dynamics and politicians are even less ambitious. Centrists are continually looking for off-ramps so that we don’t “go too far” (e.g., don’t abolish ICE, reform the courts, ban money from politics, reestablish the balance of powers). Even with a blue wave and a reformist president, expect there to be enough of those sorts to bog down any momentum for change and enough voters eager to reconcile and return to business as usual that nothing changes.
Other countries should be planning to insulate themselves from us, because we’re not going to become safe to trust. We may go back to Obama levels of foreign engagement and the slow grind of neoliberal economic policy, but we’re going to be teetering on the edge of another Trump for decades at least. His 40% of supporters are fanatical and have no exposure to outside viewpoints that would deprogram them, and the judges he’s put in place will allow insanity to stay mainstream.