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Power balance (lemmy.ca)

submitted 3 days ago by RelativityRanger@lemmy.ca to c/politicalmemes@lemmy.ca

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[–] fort_burp@feddit.nl 13 points 3 days ago* (last edited 3 days ago) (1 children)

I'm betting it'll go the other way- the USA declares insolvency (cloaked in freedom or whatever, of course) in the farce version of the Nixon shock and Japan's and EU economies implode from the massive loss of value on the books. China will be ok though, and Russia too since they have pretty much USA proofed their economy (it's shit, but it's still USA proof... so shit+).

It's economic warfare and the Epstein Empire is winning. Liquidating treasuries would definitely be a way to fight back, but will anyone have the guts to do it? I'm betting no.

Edit: that $2.34 trn figure includes the UK (about $750 bn), and Starmer is such a basketcase you can't count on him to do anything except twiddle his thumbs. Even without the UK though it's a massive figure.

[–] leavemealone@sh.itjust.works 4 points 3 days ago* (last edited 3 days ago)

Yup, sadly I think this is where we are going, Trump will say that Usa won't pay anything anymore, and that it is the rest of the world that should owe him trillions, killing the dollar, the world economy and maybe launching a new crypto trump coin. All this during a climate crisis he does everything to make worse.