Yeah, but if that wild money printing turns out to be the coup de grace on the status of the USD as the World’s Reserve Currency, it will just make things worse as such an event comes with its own “bubble bursting” that will massively fuck up holders of USD (such as Americans, but also anybody who didn’t exit the USD on time).
The status of the USD as Reserve Currency is already pretty shaken as the EUR and other currencies have increasingly become part of the currency reserves in most countries, replacing the USD, and Trump’s antics have convinced other countries to accelerate their plans to move away from using the Dollar in international trade, most notably China.
The technique of printing lots of Dollars is nowhere as safe now as it was back when it was used to paper over the problems from the 2008 Crash.
Also depending on how bad the whole situation could get it could legit implode the federal government as a whole. I really don’t see the feds under Trump doing even the bare minimum that was Hoovers anti-depression policy which while the absolute minimum was enough to keep the states from effectively becoming completely autonomous, and even then California, Louisiana, and the Alaska territory were effectively independent in a lot of ways.
Yeah, all manner of otherwise unthinkable outcomes are possible with that mix of an Economic shit-storm due to the USD losing its Reserve Currency status and rule by an ultra-Cronyist Loyalty-above-all extremely incompetent Administration.
It’s like a kindergarten: if there’s a fire and the teacher is in, it will get sorted out (or at least nobody is likely to be hurt), if the teacher has stepped out of the room so there’s only 3-year-olds “in charge” but there’s no fire, it would be ok, but if the teacher has stepped out of the room so there’s only 3-year-olds “in charge” and there’s a fire, the outcome is almost certainly going to be very very bad.
Some kind of ultra nasty outcome is highly likely, though I wouldn’t bet on which specific ultra nasty outcome will be the one that happens.
Yeah, but if that wild money printing turns out to be the coup de grace on the status of the USD as the World’s Reserve Currency, it will just make things worse as such an event comes with its own “bubble bursting” that will massively fuck up holders of USD (such as Americans, but also anybody who didn’t exit the USD on time).
The status of the USD as Reserve Currency is already pretty shaken as the EUR and other currencies have increasingly become part of the currency reserves in most countries, replacing the USD, and Trump’s antics have convinced other countries to accelerate their plans to move away from using the Dollar in international trade, most notably China.
The technique of printing lots of Dollars is nowhere as safe now as it was back when it was used to paper over the problems from the 2008 Crash.
Also depending on how bad the whole situation could get it could legit implode the federal government as a whole. I really don’t see the feds under Trump doing even the bare minimum that was Hoovers anti-depression policy which while the absolute minimum was enough to keep the states from effectively becoming completely autonomous, and even then California, Louisiana, and the Alaska territory were effectively independent in a lot of ways.
Yeah, all manner of otherwise unthinkable outcomes are possible with that mix of an Economic shit-storm due to the USD losing its Reserve Currency status and rule by an ultra-Cronyist Loyalty-above-all extremely incompetent Administration.
It’s like a kindergarten: if there’s a fire and the teacher is in, it will get sorted out (or at least nobody is likely to be hurt), if the teacher has stepped out of the room so there’s only 3-year-olds “in charge” but there’s no fire, it would be ok, but if the teacher has stepped out of the room so there’s only 3-year-olds “in charge” and there’s a fire, the outcome is almost certainly going to be very very bad.
Some kind of ultra nasty outcome is highly likely, though I wouldn’t bet on which specific ultra nasty outcome will be the one that happens.