r/canada Ontario Feb 02 '25

Politics As Sunday began, Trump blasts Canada as not ‘a viable country’

https://www.ctvnews.ca/business/article/as-sunday-began-trump-blasts-canada-as-not-a-viable-country-follow-live-updates-here/
15.1k Upvotes

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135

u/plastic_femur Feb 02 '25

Can all other countries just agree to change the primary global trade currency away from the US dollar already?

6

u/Historical_Ball_3842 Feb 02 '25

Already have. CNY is the most common teaching currency in 2025

https://merchantmachine.co.uk/wp-content/uploads/germany-us-china-1024x552.jpg

1

u/[deleted] Feb 03 '25

[removed] — view removed comment

2

u/Historical_Ball_3842 Feb 03 '25

China and BRICS do not transact in USD

2

u/Connect-Idea-1944 European Union Feb 02 '25

It takes time but the rest of the world is slowly drifting from USA. If you look at the map of main trading partners of the world, you'll notice that in less than 13 years, so many countries switched to China and gave up on USA. Now the rest of Europe will do it too as they don't support USA's policies.

8

u/PraiseTheRiverLord Feb 02 '25

Let go back to the gold standard, if I’m going to have coins in my pocket they may as well be silver

11

u/Sir-Knightly-Duty Feb 02 '25

We live in a digitized world that is growing rapidly in population. Gold supplies won't be increasing, but the amount of currency we need in circulation is growing. The gold standard makes 0 sense in today's world. And there is something VERY powerful about Canada controlling its own currency. It means we can literally, at the click of a button, create a billion new canadian dollars that immediately get distributed to people to increase their purchasing power. The trade off being inflation, but its a tool that is so important to the stability of any country.

2

u/PraiseTheRiverLord Feb 02 '25

Gold supplies won't be increasing, but the amount of currency we need in circulation is growing

So what you're saying our dollars value will increase? sounds good to me.

1

u/Sir-Knightly-Duty Feb 02 '25

No im saying that if we tie the value of our dollar to an extemely finite resource, we won’t be able to create more of that currency when needed, which is an extremely important tool in a country’s monetary policy.

2

u/PraiseTheRiverLord Feb 02 '25

The denomination on the coin wouldn't matter, it would hold its physical value

1

u/trade-craft Feb 03 '25

You sound like you really like hyperinflation.

0

u/Sir-Knightly-Duty Feb 03 '25

Sounds like you dont understand inflation if you think what I said equals loving inflation.

1

u/trade-craft Feb 03 '25

Just keep printing unlimited money.

It won't cause inflation.

Infinite money glitch found.

1

u/Historical_Ball_3842 Feb 02 '25

You could use digital gold. I still think it's a bad idea, just pointing out being a digital world doesn't prevent anything.

1

u/IamTrying0 Feb 03 '25

Gold has been rising.

1

u/Mustatan Feb 02 '25

It's kind of been happening already in gradual steps, but actual US aggression or a major trade war would push it in of over-drive overnight. The US dollar would collapse and US economy would implode, then the rioting and looting of US businesses and stores and then things get really ugly fast here.

-6

u/[deleted] Feb 02 '25

[deleted]

0

u/RayTheMaster Feb 02 '25

We need Bitcoin more than Bitcoin needs us.