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Do you think if he kneels down and kisses trump feet he would be okay? I’m so worried damn…
this post was submitted on 12 Mar 2025
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“Filing for bankruptcy” was his entire strategy as a business man, though.
And countries can totally do the same. Argentina was bankrupt at least twice, Venezuela has defaulted on bonds, Greece was restructured. And I'm pretty sure there are others.
Bye, bye reserve currency status and all the cheap loans, inflation reduction and broader economic influence that comes with it ...
You couldn’t think that that was gonna last forever. I mean, it was very obvious. We were headed straight towards the collapse regardless. Cheap loans reserve currency inflation reduction literally all of that is just making climate change worse so this was all gonna end regardless.
I don’t think anyone should care about any of that stuff that was making it worse for all of us anyways. We need to start thinking in a way of how do we grab back power and then build this world up in our vision.
Because we’re not going back to the before time that’s not happening.
If it happens fast (because the US defaults on its external debt) rather than slowly (the slow decay from the post "Imperial" era), the damage will be very different because it will be a sudden shock rather than something slow enough that people and companies can adapt to it.
It's the difference between, sudden hyper-inflation within a few months and having a few decades of higher inflation than its trade partners (which is actually what has been happenning so far) or a sudden forced significant cut on just about all kinds of public expenses (because nobody will be lending money to the US and printing money will generate way more inflation when a significant proportion of new dollars aren't going abroad anymore, which links to the whole hyperinflation thing) and decades of fiscal contraction (again, what's been happenning so far).
If you think people are dissatisfied because average salary growth isn't keeping up with 7 or 8% inflation, imagine when it's 30 or 40% inflation.