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I will save you a click:
Countries all over the world hold massive amounts of our debt.
Japan, France, and Canada started a slow release of those past due bills and started a panic so Fat Ass Hitler let up on the tariffs (not before letting his buddies know).
China will do no such thing. They will release all that fucking debt at once and crash the dollar hard. Buy canned goods and shotgun shells and make sure your passport is good in case you want to skedaddle.
...good thing America has a bunch of Keynesians and Modern Monetary Theorists in charge and not just a bunch of corrupt Libertarian drunks and populist yes-men glued to Elon Musk.
And that's not counting how much of the global USD supply is held by China as a currency reserve. Now if they went and sold all that for other currencies, hyperinflation in the US would break records.
I opened a few global bank accounts and threw $10k of whatever currency in there. Passport and multiple routes at the ready!
Must be nice eh?
From sleeping in my car with a knife under my pillow to 3600 sqf house and more money than I know what to do with. Going back to school at 35 was the best decision. Never too late!
but have they ever said thank you? LOL
This is a pretty nice article. Some of the others that came out yesterday were failing to point out these obvious points.
One thing that must be considered is that Trump did in fact place tariffs on the entire world, or at least most of it. And then he relaxed most of those, sure. But all of those businesses in all of those countries are wary about trying to reestablish large import export relationships with the US because the US is unpredictable. They would much rather work together with most other countries in the world, including China.
So it's not the US versus China, it's the US versus everyone. And there's no way the US can win against everyone. At best, or rather, at worst, it can drag others down for years or decades to come.
Never poke a sleeping (Poo) bear.
Heh... couldn't help myself
It's pooh, but Im just as happy to associate him with poop.
I shouldn't leave comments when I'm tired af anymore, lol