European leaders are considering dumping $2.34 trillion in US debt if Trump abandons Ukraine, potentially triggering an economic crisis worse than 2008
What’s does it mean to dump debt?
Potential for a nightmare scenario:
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Trump dumps Ukraine for Russia.
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EU dumps $2.34 trillion in US debt
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Trump pulls out of NATO.
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Russia invades Poland or some other NATO country.
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US Dollar is worthless so we couldn’t do anything if we wanted to, and Trump is on Russia’s side anyway.
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The Express? Really? Get me a better source
Using the phrase “nuclear option” metaphorically is pretty dumb when we’re talking about a war where parties have threatened to use actual nuclear weapons.
I was thinking that too.
Yaah, I hit some of the other stories on that site. It’s a low-grade copy of some NewsCorp rag, that’s got a right wing bent. Not impressed.
its clickbait all the way down
That too.
Finally, the EU grows a pair of cojones.
Maybe. Let’s see if they follow through.
God let’s hope so. America has proven they are not leaders so, another country needs to step up and this would definitely do that.
As someone from the US, do it, rip the bandaid off, this is going to get much much worse before things have the chance to get better and good people here have all been rejected from having meaningful power.
edit this news source is questionable
Haven’t they threatened this already? I say do it. Dump the debt and watch Trump go mad. The real fuck stick though is Miller. Trump is just lettings him fucking Nazi all over the place.
Miller is less dangerous than Vance: the former is an obvious nutjob while the latter, as much the Nazi as Miller, masquerades as a somewhat reasonable - if slightly creepy - human being
Miller is one of the writers of project 2025. Vance is a dumbass mouth piece that follows directions. He’s like the little kid behind the large bully.
Anything we can do to hurt the billionaires is a win.
The problem is that whenever billionaires are about to get hit by a bus … government usually throws a bunch of poor people in front of them to cushion or even stop the bus from hurting anyone with money.
But if the bus going fast enough…
…then we all die to save them.
I just love to see Trump’s balls in a vice no matter the context.
One thing is certain: NATO members threatening to collapse the US economy if they collaborate with Russia is nothing short of surreal. I must have drifted in some sort of weird alternate reality without realizing it at some point. I wish I could return to the portal where this happened…
The world actually ended in 2012. This is Hell.
Holy mother forking shirt balls…
You need a small vice for the taco in chief
Tak Washington state through New Mexico, and Maine Vermont. Do what you want with the rest.
I’ve seen other articles floating this idea but is this something that’s confirmed? This article refers to the Wall Street Journal but is there a concrete source in which EU representatives are quoted or a written proposal that would suggest such a course of action for me to look up?
Not that I have been able to find. This news source is also considered to typically not be credible.
I was going to ask the same. Also how come a US outlet has this and I haven’t seen anything on Europe-centric channels.
Sometimes one just has to wait a day or so.
I’m also unclear about what “dumping” those trillions actually means? If we truly had the USA by the balls like that I’m sure I’d have heard about this sooner.
Everyone has the US by the balls, that’s what the USD being reserve currency means.
Everyone owns a lot of USD, both cash and securities, so when the US prints money, inflation hits all the world.
Dumping basically means saying “hey, I’ve got the entire US GDP here in cash USD, I’m selling it for 100 EUR”, and watching the US go hyperinflating.
The catch is that it would crash the world economy.
Dumping basically means saying “hey, I’ve got the entire US GDP here in cash USD, I’m selling it for 100 EUR”, and watching the US go hyperinflating.
Oh. That sounds like a lose-lose situation.
Wouldn’t they just be shooting themselves in the foot here? Even with all the talk about decoupling and tariffs, the European and American economy are still heavily intertwined and a recession in the US will almost certainly spread to the EU.
Look at what happened in 2008, some wall street crooks made some stupid bets on mortgages and then the euro-zone got sent into a debt crisis.
Right wing media company saying false (based on what I’ve read) information. Typical, references that the wall street journal got information from European intelligence agencies. Yet, I haven’t seen anything to corroborate that from the WSJ itself. Intelligence agencies aren’t typically known for posting and explaining their plans. If the US economy crashes, the world’s economy crashes. It would be economic mutually assured destruction.
If it was any other paper, including weekly world news and the national enquirer, I might take notice. It’s the express. I personally have never read anything accurate or correct in that paper.
