• rc__buggy@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    26
    ·
    edit-2
    4 days ago

    Europe is going to go for the “nuclear option” of dumping US debt. Prepare for your dollar to suffer inflation, perhaps super inflation. Me? I’m going to WalMart today to buy some staples because I don’t think my dollar will buy nearly as much by the end of next week.

    Nothing drastic, just an extra pack of TP, some OTC drugs and probably some dog food. I’m pretty set up for apocalyptic bullshit already. But fellow residents: get ready.

    • Null User Object@lemmy.world
      link
      fedilink
      English
      arrow-up
      21
      ·
      edit-2
      12 hours ago

      I thought you meant actual staples… like for your stapler, and I was like, “Ok, you do you. Who am I to judge how someone prepares for the apocalypse?”

      • ExLisper@lemmy.curiana.net
        link
        fedilink
        English
        arrow-up
        6
        ·
        3 days ago

        Too late to keep NATO intact. The pact is still there to share intelligence and sell weapons but I don’t think anyone sane still thinks that US will send soldiers to defend its allies. That being said EU will try to maintain the illusion as long as possible. They will definitely not directly fight US. If US sends troops there EU will respond with sanctions. Until that happens they will keep negotiating and try to minimize the damage without making Trump angry.

      • rc__buggy@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        1
        ·
        2 days ago

        How now brown cow? It started today. We will see if it’s my prediction or yours that bears out in the next few days.

        • porous_grey_matter@lemmy.ml
          link
          fedilink
          English
          arrow-up
          2
          ·
          2 days ago

          Yeah, indeed. Fwiw I hope you’re right. Although I don’t think this process is going to take just a few days, even at the rate things have been going the last few years that’s too fast.

    • FoxyFerengi@startrek.website
      link
      fedilink
      English
      arrow-up
      6
      ·
      4 days ago

      That might be the one thing that forces congress to act on Trump tbh. They could weather tariffs because it barely affected them. Dropping the bottom out of the dollar will affect them