Trump tries to bully the world by pressuring countries one by one.
If and only if the democratic world organises a united response, he loses.
Sell off just 10 percent of US Treasury bonds in a week and watch him fall to his knees.
Discussion
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@randahl But that would hurt the other rich people who run the world. They've painted themselves into a corner by ceding everything to the oligarchs. The only interests so many governments recognize today are the interests of the idle investor class.
@randahl Acting like a baby.
@randahl
What’s really really interesting here is that US-T is the backbone to most securities. Pension funds will find themselves not wanting the value of US-T’s to drop while also not wanting to be holding them.
European pension funds need to gently divest but I’m not sure US ones can. Stuff like this can run, and with this one it can cascade, sub-prime style.
Trump might be about to wipe out boomer US pensions and with that a portion of the global economy. Catastrophic. This is why they fall to their knees.
This could get ugly.
@taatm it is terrorist logic: "I am ready to commit suicide, therefore you must obey!"
But Trump's problem is, members of Congress are not ready to support him crashing the US economy.
@randahl The world is Enron, though. Investment economy is like having your head up your ass and saying you found a new universe, non-causal, exponentially abstracted.
I think the doctrine necessary is more like mutually assured destruction. Unfortunately, when you have a bad actor in a self harm pact, you can’t get out without pain.
For instance, Clinton move with US house subpoena should have been “yes. AND…”. Now Europe has to remove its head from US ass, but it’s sewn and requires a tear.
@randahl I think Canada just sold $56 billion worth. Warning shot?
Time to stop buying US goods & using US software I’m afraid. I’m looking into EU alternatives for my digital life. There’s a website here to help anyone else who wishes to extricate themselves from the untrustworthy US. It’s so sad, feels like the end of a relationship 💔 https://european-alternatives.eu/
@randahl Except of course, Russia. He's still Pootins pussy.
@randahl ...and watch him start World War III, I'd say.
@randahl The @EUCommission should hurt the US tech bros, not with sanctions but with laws that open products and markets, like suggested by @pluralistic
@randahl Actually, that might be a good idea, as they're probably going to lose value anyway.
@randahl Hmm, shorting the US of A? Interesting 🤔
That's the one place where I see a use for Mark Carney: with his connections in banking, he can arrange that sell-off.
@randahl just as he bullies US citizens with ICE, he has the equivalent relationship with US bond holders. Look at the deal with Japan. It's Mafia stuff. (when did China start selling off US bonds? 1993)
@randahl His strategic genius just made China a preferred trading partner for Canada, almost as successful as when Putin drove Sweden and Finland into NATO.
Looks like the Trump EU trade deal is off the table now, EU Parliament looks set not to ratify.