Part4

joined 4 days ago
[–] Part4@infosec.pub 3 points 2 hours ago* (last edited 2 hours ago) (1 children)

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

I have 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 fo 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.

[–] Part4@infosec.pub 7 points 3 hours ago* (last edited 3 hours ago) (3 children)

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.

[–] Part4@infosec.pub 4 points 6 hours ago (1 children)

America thinks it can run deficits to fund this sort of shit, and billionaire tax breaks. And it expects the world to buy US debt, in dollars, that the US prints, to at least partially pay for it.

Not only that, but Trump seems to not only expects this post ww2 economic order to continue, it seems to think this is going to happen while it not only withdraws military support to many of the people who financed the US's post war prosperity in this manner, it is actively supporting those people's enemies. Lol.

Under Trump the US is definitely heading for an economic collapse on the order of the collapse of the Soviet Union. When it happens, and how quickly is anybody's guess, but the post WW2 economic order (from which the US greatly benefited) is definitely, irrevocably done.

Debt is coming due.

[–] Part4@infosec.pub -5 points 3 days ago (1 children)