If corona turns out worse then anticipated for the US and Trump insist on ending his term on a high stock market in 8 months time, the damage could have already been done.
If the Fed got it up to 100% of GDP (or whatever is considered extreme after this crisis) the status of 'reserve currency' will be in jeopardy.
Being the 'reserve currency' is all there is to the dollar, and the US has successfully leveraged it for more than 50 years.
However, if it comes into question, the collapse of the US will be almost instantaneous.
The ICBM's are for show, no sane person would ever fire them.
If corona turns out worse then anticipated for the US and Trump insist on ending his term on a high stock market in 8 months time, the damage could have already been done.
If the Fed got it up to 100% of GDP (or whatever is considered extreme after this crisis) the status of 'reserve currency' will be in jeopardy.
Being the 'reserve currency' is all there is to the dollar, and the US has successfully leveraged it for more than 50 years.
However, if it comes into question, the collapse of the US will be almost instantaneous.
The ICBM's are for show, no sane person would ever fire them.