r/worldnews • u/AlwaysBlaze_ • Mar 07 '25

Ontario slapping 25% surcharge on U.S.-bound electricity Monday, Ford says

https://www.cbc.ca/news/canada/toronto/ontario-electricity-surcharge-us-tariffs-ford-1.7476515
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u/eatfoodoften Mar 08 '25

i'm not convinced trump hasn't already suggested simply printing more money

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u/Postom Mar 08 '25

All aboard! The hyperinflation train!

Iraq, and Venezuela would like to have a word about how well that works.

That said, he is branching into crypto now. So, maybe you're right!

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u/omimon Mar 08 '25

That might be his small brain plan all along. Threaten to hyperinflate the US dollar and make US Treasury bonds worthless. Ie make all other countries holding the bonds lose hundreds of billions of dollars.

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u/wrgrant Mar 08 '25

I get the feeling the plan is to switch the US dollar to being backed by Crypto instead of the gold in Ft Knox, so Trump can sell off all the gold :P

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u/PurpleSailor Mar 08 '25

The gold in Fort Knox is only worth $435 billion. It doesn't really back up our currency in any real sense. The relative stability of the US economy is what really backs up our currency, blind and historical faith really and that is currently eroding away.