The war to force the US dollar on you
A critical take arguing the US is propping up the dollar and a financial bubble through force and deregulation, which is bad for ordinary Americans but good for billionaires and insiders.
- Bank stress tests were made easier, so big banks passed — clearing the way to roll back rules put in place after the 2008 crash.
- The US is pushing sanctioned countries like Venezuela and Iran back onto the dollar after attacking them, blocking a shift to China's yuan or other currencies.
- Trump says oil floods should drop gas to $2, blames oil companies, and pushes lower interest rates and deregulation — moves that mainly help wealthy buyers snap up assets.
- Wealth is getting more lopsided: headline GDP and stock numbers look great because a few people like Elon Musk are ultra-rich while most have little.
- The next speculative craze is betting markets, with Meta and others planning prediction apps that dodge gambling laws using in-app "coins."
Outlook: Expect more deregulation, continued pressure to force trade back into dollars, and a growing bubble in crypto, AI, and betting markets.