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    vic (vic@seal.cafe)'s status on Friday, 10-Jan-2025 06:06:48 JSTvicvic
    in reply to
    • PunishedD
    • Wrath
    • dictatordave
    • Bunsen :not_the_confederate_flag:
    @PunishedD @Bunsen @Eiswald @dictatordave As long as Amazon still exists and there are still some people who can buy from there, America still has credibility. Plus we haven't quite dedicated 100% of our GDP toward interest payments yet (we're getting there). Once that happens and the last few money shuffling tricks stop working, then the credibility will be gone.

    Trump did a pretty good job of spending lots of money. I think Biden may have beaten him, not really sure, don't really care, but Trump round 2 is going to be all about the money printer going brrrr.

    There are still a lot of people (entire nations) that give the US credibility because they don't have any other viable options. The BRICS talk may or may not go anywhere, but even if it does, it's a massive shift and the people who have been "all in" on the US their entire lives aren't going to be able to pivot so quickly.
    In conversationabout a year ago from seal.cafepermalink
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