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Trump's Second Term

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Where are I? Is this Iceland? Who has my Big Macs? Who'll be my role model, when my role model is gone? He ducked down the alleyway with a rolly-polly bat-faced girl named Sarah.
 
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Tero said:
He's not mathing. Motrgages and interest rates and trade statistics. All nonsense.
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It's impressive in a way that "800% reduction in the cost of drugs" is not the most stupid part of his speech.
 
Ivor the Engineer said:
The resulting economic chaos would also really hurt the USA too.

The suggestion to sell US debt doesn't work as a counter attack either because the Fed can simply buy it all and credit the bond holders accounts with US$. This would weaken the dollar, making foreign imports to the US even more expensive and boost US exports. I.e., it would have precisely the opposite effect than intended.

In summary there are no economic measures that in the foreseeable future don't hurt the USA and much of the rest of the world simultaneously.

If the EU gave up individual nation states and became a federation with a proper single currency and a large federal budget, then it could become an economic and military superpower that the USA would have to take seriously. Hopefully it would learn from the mistakes the USA has made.
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Problem for the US is that it's so loaded with debt that it needs the dollar to be the world's currency to keep the interest rates down. Because no matter the source of the debts, there is still a level where it becomes unsustainable to issue more.

And if the rest of the world weren't propping up the dollar by holding huge gobs of it and US debt, the country would have blown past it decades ago.
 
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