As dark a picture as you’re painting, I guess youre more optimistic than me that a major global economic player disappearing from the system would not create an economic depression domino effect around the whole world, even with many countries’ investment in the Dollar notwithstanding.
No, don’t get me wrong, the domino effect will be there, we will suffer decade long depressions.
It’s just that a) the order of magnitude of the bailouts will be much larger for the USA (because they’ll have to bail out the AI companies’ billions of debt, and because the grifters in power will grift as much as possible), and b) any existing international trust in the USA has already been destroyed by Trump’s antics, so the rest of the world has been decoupling as fast as possible for the last few years, and will keep on doing so, which will mitigate the impact.
In a sense the American domino has already been leaning and putting pressure on its neighbours, so they have had time to brace themselves and start inching away from it, and the impact on them when it falls will be lowered due to the fact that it’s already leaning down, but it itself will still shatter due to the fractures and rot that pervade it.
As dark a picture as you’re painting, I guess youre more optimistic than me that a major global economic player disappearing from the system would not create an economic depression domino effect around the whole world, even with many countries’ investment in the Dollar notwithstanding.
No, don’t get me wrong, the domino effect will be there, we will suffer decade long depressions.
It’s just that a) the order of magnitude of the bailouts will be much larger for the USA (because they’ll have to bail out the AI companies’ billions of debt, and because the grifters in power will grift as much as possible), and b) any existing international trust in the USA has already been destroyed by Trump’s antics, so the rest of the world has been decoupling as fast as possible for the last few years, and will keep on doing so, which will mitigate the impact.
In a sense the American domino has already been leaning and putting pressure on its neighbours, so they have had time to brace themselves and start inching away from it, and the impact on them when it falls will be lowered due to the fact that it’s already leaning down, but it itself will still shatter due to the fractures and rot that pervade it.