Interesting take Umair, it certainly supports the genocidal largesse of Netanyahu, but I would push back pretty hard on agreeing to the claim that Trump has conquered the world. That he has not done. He has disrupted the world’s economy, trashed the rule of law, destroyed long-standing relationships, and highlighted the world’s sycophantic leaders, all of that and more, but he has not conquered the world.
Back in the day, I remember coming to grief with a bully at high school. I don’t know why, maybe he didn’t like the way I parted my hair, who knows. He used to give me a hard time every whenever he saw me, taunting me with names, and behaving like the total bully he was. I ignored him until one day he came up really close to me and told me this was it, my time was up. Later that afternoon he angrily informed me, he was going to punch my head in. He named the time and place. A buzz went around the school and by 3.30 pm there was a huge crowd of kids standing behind the woodworking classroom. It was on. My peaceful disposition fused with an angry individual who just wanted to be the man. And away we went.
The fight lasted about five minutes. I beat the living shit out of him. And that was that, the end of another narcissistic bully who thought he had conquered the schoolyard. Trump is going to go down soon, and go down hard, branded forever as the total loser he is. America will then require a generation of effort to rebuild a new nation in what is now a new world order, but it isn’t the one where the US will ever call the shots again. And sure, some countries will need to get rid of their spineless leaders, and that will happen.
I don’t think Trump conquered the world, in stark contrast to that idea, I think he has caused a gigantic pivot. As an Australian married to a New Zealander I never thought our countries would back Iran over the US or Israel, but here we are, pivoting at the citizenry level. We now understand who the terrorists really are and we’re waking up. If our politicians want to keep their jobs they will need to wake up too. Trump did that, he showed the world who we’ve really been dealing with.
I think the world is in shock. I know Americans — decent, coherent people — have begun to recover from the shock we have suffered over the past year of trump 2.0. We’ve either hardened or numbed ourselves. But the rest of the world has only laughed, cried, or shaken its head at the antics of the American president.
Now every country on this planet has fallen prey to the actions of this insanely demented puppet of Putin and Netanyahu, though he won’t remain their puppet much longer. He is realizing his lifelong dream and will soon internalize the idea of ultimate power. Beyond king. Beyond dictator.
trump’s dress rehearsal took place last Sunday. He depicted himself as Jesus/healer and then awaited public reaction. I believe he is psychologically transforming. The insanity is metastasizing. Leaders in Europe and Asia will not stand by or stand down for the reckoning trump will ultimately decide must take place. Right now they’re in shock.
I'm definitely no expert, but I have some thoughts:
Any attempt to dump dollar denominated debt would cause damage to the debt holders. The web of debt runs deep. Much of the world's debt, even debt agreements that don't involve the US, is denominated in dollars
China has been reducing their exposure to US debt, and they've renegotiated debt (with at least a couple African nations) that was originally in dollars to be in yuan
It's not a simple matter to crash the dollar and call it good
While it could be "first one out" loses least, it seems like the best move would be to figure out how to coordinate the dump in order to minimize the damage to everyone except the US (of course)
Max damage to the US would probably be their best move, and the US keeps adding incentives to take that path
In the end, however, if anyone actually stood up to Trump in the way you suggest, they would effectively be defending the Islamic Republic of Iran. And if there is a regime that most countries hate more than Trump's, it's Iran's. For good reason. So instead, most people just have their fingers crossed that it all works out ok in the end. Which it probably will, by the way, despite the doom and gloom on this blog.
One more thing, the countries that hold large quantities of US assets bought them for a reason: so they could run trade surpluses with the United States. If they become a net seller of US assets, they will run trade deficits with the United States, which destroys their business models and would cause even worse chaos in the global financial system than the war with Iran.
So you're right, in a way...the US holds the cards. It's now just more obvious than it was before.
I'd say they'd be defending the world from a new but far worse version of the Iranian regime in the form of fascist America
US meddling led to the Iranian Revolution in the first place. It's time to quit turning the other way and dispense with the "when America does it, it's ok" bullshit. It's never been ok. It sure as shit isn't now
Interesting take Umair, it certainly supports the genocidal largesse of Netanyahu, but I would push back pretty hard on agreeing to the claim that Trump has conquered the world. That he has not done. He has disrupted the world’s economy, trashed the rule of law, destroyed long-standing relationships, and highlighted the world’s sycophantic leaders, all of that and more, but he has not conquered the world.
Back in the day, I remember coming to grief with a bully at high school. I don’t know why, maybe he didn’t like the way I parted my hair, who knows. He used to give me a hard time every whenever he saw me, taunting me with names, and behaving like the total bully he was. I ignored him until one day he came up really close to me and told me this was it, my time was up. Later that afternoon he angrily informed me, he was going to punch my head in. He named the time and place. A buzz went around the school and by 3.30 pm there was a huge crowd of kids standing behind the woodworking classroom. It was on. My peaceful disposition fused with an angry individual who just wanted to be the man. And away we went.
The fight lasted about five minutes. I beat the living shit out of him. And that was that, the end of another narcissistic bully who thought he had conquered the schoolyard. Trump is going to go down soon, and go down hard, branded forever as the total loser he is. America will then require a generation of effort to rebuild a new nation in what is now a new world order, but it isn’t the one where the US will ever call the shots again. And sure, some countries will need to get rid of their spineless leaders, and that will happen.
I don’t think Trump conquered the world, in stark contrast to that idea, I think he has caused a gigantic pivot. As an Australian married to a New Zealander I never thought our countries would back Iran over the US or Israel, but here we are, pivoting at the citizenry level. We now understand who the terrorists really are and we’re waking up. If our politicians want to keep their jobs they will need to wake up too. Trump did that, he showed the world who we’ve really been dealing with.
I think the world is in shock. I know Americans — decent, coherent people — have begun to recover from the shock we have suffered over the past year of trump 2.0. We’ve either hardened or numbed ourselves. But the rest of the world has only laughed, cried, or shaken its head at the antics of the American president.
Now every country on this planet has fallen prey to the actions of this insanely demented puppet of Putin and Netanyahu, though he won’t remain their puppet much longer. He is realizing his lifelong dream and will soon internalize the idea of ultimate power. Beyond king. Beyond dictator.
trump’s dress rehearsal took place last Sunday. He depicted himself as Jesus/healer and then awaited public reaction. I believe he is psychologically transforming. The insanity is metastasizing. Leaders in Europe and Asia will not stand by or stand down for the reckoning trump will ultimately decide must take place. Right now they’re in shock.
China ran the blockade, using a ship registered in Malawi, manned by Chinese citizens, and then the ship did a u-turn to make sure they were seen.
The result: Silence.
I'm definitely no expert, but I have some thoughts:
Any attempt to dump dollar denominated debt would cause damage to the debt holders. The web of debt runs deep. Much of the world's debt, even debt agreements that don't involve the US, is denominated in dollars
China has been reducing their exposure to US debt, and they've renegotiated debt (with at least a couple African nations) that was originally in dollars to be in yuan
It's not a simple matter to crash the dollar and call it good
While it could be "first one out" loses least, it seems like the best move would be to figure out how to coordinate the dump in order to minimize the damage to everyone except the US (of course)
Max damage to the US would probably be their best move, and the US keeps adding incentives to take that path
He will rule over ashes.
In the end, however, if anyone actually stood up to Trump in the way you suggest, they would effectively be defending the Islamic Republic of Iran. And if there is a regime that most countries hate more than Trump's, it's Iran's. For good reason. So instead, most people just have their fingers crossed that it all works out ok in the end. Which it probably will, by the way, despite the doom and gloom on this blog.
One more thing, the countries that hold large quantities of US assets bought them for a reason: so they could run trade surpluses with the United States. If they become a net seller of US assets, they will run trade deficits with the United States, which destroys their business models and would cause even worse chaos in the global financial system than the war with Iran.
So you're right, in a way...the US holds the cards. It's now just more obvious than it was before.
I'd say they'd be defending the world from a new but far worse version of the Iranian regime in the form of fascist America
US meddling led to the Iranian Revolution in the first place. It's time to quit turning the other way and dispense with the "when America does it, it's ok" bullshit. It's never been ok. It sure as shit isn't now
Gloomy, but not particularly True.
This is particularly strange given that Iran just demonstrated how effective it is to use economic leverage against the US.