Earlier this month, an edited clip resurfaced of then Senator J.D. Vance supporting managed de-dollarization, a policy designed to reduce the dollar’s strength and the associated market distortions linked to King Dollar’s reserve currency status. In his remarks, Vance argued that reserve currency status is a “resource curse” that contributes to America’s $40 trillion national debt while placing U.S. exporters at a competitive disadvantage.
The reactions were predictable.
Glenn Beck responded incredulously, asking, “Wait, what?” before warning that the dollar losing reserve currency status would somehow “make us Mexico overnight.” Clutching her pearls tightly, Dana Loesch gasped, “what on Earth?”. Marc Thiessen, who insists decline is a choice and apparently not likely the result of decades of military adventurism in the Middle East, dismissed managed de-dollarization as a product of isolationist ideology.
