- cross-posted to:
- europe@feddit.org
- cross-posted to:
- europe@feddit.org
US President Donald Trump has said he may impose trade tariffs on countries that do not support his plans to take over Greenland.
“I may put a tariff on countries if they don’t go along with Greenland, because we need Greenland for national security,” Mr Trump said at the White House.
Go ahead, I can’t wait to laugh when they sell all the US bonds and declare US copyrights and patents as null and void.
Unfortunately that’s probably not going to happen as doing so would destroy the global economy
(US Copyright is standardized to international copyright laws and the US Dollar is the defacto international currency with bonds being one of the way that keeps the currency strong.)
I think destroying NATO and triggering WW3 might be a bit destabilising to the global economy too
US dollar won’t be the international currency for long.
Current trend puts that not till the next century soo
I wouldn’t take anything for granted. War has a way of changing things.
USD counts for about 58% of global currency reserves. That’s the largest by far to be sure, but far from the only relevant one, and the ratio has been steadily trending downwards (though interestingly, it hasn’t been the euro it lost ground to).
Indeed it has been going down but the trend puts the rate at losing its status turn of the next century. So for all intents and purposes blowing up the currency would have negative ripple effects economists would want to avoid.
Great reason to keep funding the new Nazi regime…
It’s not obviously but that is the danger one faces by just going full Scorched earth in the US.
Blame the Cold War Era politicians who thought it be a good idea to make America the defacto capital of the world economy.
“They children will reap what we have sown.”
Who does?
?