this post was submitted on 02 Feb 2026
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Explain Like I'm Five

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Are there just consequenses for the US Market or just for the whole World? Everything runs on US Dollars doesn't it?

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[–] foggy@lemmy.world 6 points 2 days ago

It means they no longer believe the USD is stable.

China is a big reason the USD is the global reserve currency. And if they decide it's not anymore, it's pretty much not anymore.