I don’t think they can get away with printing the amount of money this will take, but I guess we’ll see. Either way they go, the global economy will have to be rebuilt from the debris.
We’ll have to bail out the banks that fell for the scam, but not the scammers themselves.
And it might be a good opportunity to finish decoupling from the USA economy, companies, and policies.
It might take a decade or a decade and a half, but we will recover.
The USA on the other hand will suffer the full brunt of the crash, while being already economically, diplomatically, socially, politically, and morally bankrupt, and infected with the most actively incompetent and outright malicious government in its history, a government whose priorities won’t be to save the country but to exploit the situation, or to take the money and run if that proves impossible.
It would almost certainly have been doomed anyway, but this will be the last nail in the coffin and precipitate the collapse.
I don’t think they can get away with printing the amount of money this will take, but I guess we’ll see. Either way they go, the global economy will have to be rebuilt from the debris.
Most money isn’t printed anymore. It’s digital and is created by banks when they lend it.
They can and they will.
If you’re in the USA you’d better be getting ready to burn stacks of hundred trillion dollar notes to stay warm.
Every country not fully divested from the dollar will have to do that.
We’ll have massive recessions, sure.
Worse than the last couple ones.
Inflation above 10%.
But not hyperinflation like in the USA.
We’ll have to bail out the banks that fell for the scam, but not the scammers themselves.
And it might be a good opportunity to finish decoupling from the USA economy, companies, and policies.
It might take a decade or a decade and a half, but we will recover.
The USA on the other hand will suffer the full brunt of the crash, while being already economically, diplomatically, socially, politically, and morally bankrupt, and infected with the most actively incompetent and outright malicious government in its history, a government whose priorities won’t be to save the country but to exploit the situation, or to take the money and run if that proves impossible.
It would almost certainly have been doomed anyway, but this will be the last nail in the coffin and precipitate the collapse.