They Have No Choice -- Digby
https://digbysblog.net/2025/11/13/they-have-no-choice/
The world breaks up with America

Trump says the U.S. is the hottest country in the world (apparently seeing it as one of those dancing babes at Mar-a-lago) but the world is running away as fast as it can. Its no longer willing to put its security in the hands of the freak show run by a couple of looks-obsessed TV celebrities who are just popping off the top of their heads about global security and
now theyre seeking ways to protect themselves from Americas economic leadership:
European financial stability officials are debating whether to create an alternative to Federal Reserve funding backstops by pooling dollars held by non-U.S. central banks in a bid to reduce their reliance on the U.S. under the Trump administration, five officials familiar with the matter said.
The talks, reported here for the first time, are a reaction to policies under U.S. President Donald Trump that have upended long-standing ties, put the Feds independence in doubt and underlined the dominant role the U.S. plays in global finance.
They have no choice. Hes going to replace the Fed chairman with a toady and do everything in his power to crash the world economy. The U.S. is becoming a hostile power.
The Feds facilities lend dollars to other central banks and function as a lifeline during bouts of market stress, ensuring global financial stability is maintained. Interviews with more than a dozen European central banking and supervisory officials show that they worry the facilities could be weaponized by the Trump administration.
They most certainly will be weaponized by the Trump administration. He is very stupid and has no idea what hes doing but he loves to use whatever tools at hand to punish and manipulate countries without understanding the consequences. If he has a toady Fed Chair and the Supremes allow him to fire others, all bets are off.