Undoubtedly the world is dedollarising, at which point the US's deficit falls due. Currently any country that buys US debt pays US defence spending. The US has reneged on its obligations in terms of supporting democratic countries, so this stops.

What do Americans think a trillion dollar defence bill, $200 billion on a modern day SS is going to do to the US economy when the world walks away? And be clear, this process is happening.

For the rest of the world it is about managing a belligerent and unreliable US in the interim period in terms of stability so this process will not happen all at once. Maybe China would dump its holding of US debt in a war situation, but ideally this will not happen.

Without the rest of the world supporting the dollar as reserve currency the US is looking at something like a Soviet Union scale collapse.

The EU openly indicating their intention to abandon swift and the WTO, the price of the dollar are clear signs that what has been happening quietly is now being openly declared. A second vote for Trump can't be written of as an error.

So yeah, that is how it is going.

[–] remotelove@lemmy.ca 10 points 14 hours ago* (last edited 14 hours ago) (4 children)

I am curious about your references. The de-dollatization stuff comes directly from BRICS and Chinese propaganda and I think you have something mixed up with the WTO and SWIFT, specifically when the EU was dropping Russian banks from SWIFT in March. (Everyone seems to be fed up with the WTO at the moment.)

While you have every right to be pro or anti on anything you want, launching a new account direct into specific multi-paragraph narratives is kinda sus.

[–] Part4@infosec.pub 4 points 14 hours ago* (last edited 3 hours ago) (1 children)

All of the references you have ascribed to me are wrong.

I have not stated that I am pro or anti anything.

When presented with a fact that doesn't match the reality that an individual has (co-)constructed they have to reject the fact, because they can't reject reality. When they can't reject the fact the change it - as you have here. When they can't do that they diminish the fact by attacking the individual; (again, as you have here, by insinuating that I am 'kinda sus').

Other than that, whatever. Forewarned is forearmed but of course feel free to ignore — it doesn't affect me either way. Good luck.

[–] remotelove@lemmy.ca 4 points 13 hours ago (1 children)

All of the references you have ascribed to me are wrong.

So, the data you presented that I attributed to you are incorrect? So, you are saying your own information is wrong? I asked for references as you got data from somewhere.

I have stated that I am pro or anti anything.

I am assuming you meant to insert a "not" in that sentence. You missed the point: You can hold any opinion you like, but calling something a "fact" doesn't make it so.

I dunno what to think about the rest.

But yeah, I am calling the account sus. It's an observation and sorry you took it personally. Even more interesting is how you went from a clear, well worded description of your world economic views into some kind of pseudo-philosophical word salad.

[–] otter@lemmy.dbzer0.com 3 points 11 hours ago* (last edited 11 hours ago)

Just block the trog. They're not interested in logic, and're clearly banking on drive-by upvotes to legitimize their bullshit in the minds of anyone reading their splurt later.

p.s.

...as you got data from somewhere.

That's very generous of you.

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