The people who would be okay with this already don’t own computers, they go with a phone.

EU is closer than NATO.

NATO says that if someone gets attacked, everyone else responds in a way they think is appropriate.

EU says that if someone gets attacked, everyone goes all out without consideration.

Thanks, it is, in fact.

I haven’t really read into this because the whole thing is so insane that if it happens all bets are off.

The thing that is a huge wildcard is how Denmark and the rest of the EU react.

In the sense that the EU is an obligatory military alliance closer than even NATO, so in essence if Denmark considers itself at war, so is France and her nuclear submarine fleet.

There are options. Dumping US bonds would collapse the US, and the only thing that makes it hard is the US economy collapsing would be a bad thing for the EU right now.

Also, protracted resistance. Greenland is harsh territory, and Nordic weekend soldiers regularly beat US marines in exercises in cold weather warfare.

The USSR lost half a million in Afghanistan, 50k to fighting, 450k to the environment. And they didn’t need to resupply via the Atlantic.

Also, the Nordics probs have the world’s best submarine interdiction fleet, and most of the Cold War era US anti-sub stuff is actually reliant on Greenland, Iceland and the UK cooperating.

Nordic subs regularly score hits on US carriers in exercises.

Which one do you miss?

Not really. If the USD loses value, your neighbour will sell their goods to me for EUR because it will be worth more.

It will be like everyone in the US got a pay cut. It’s a demand side effect, not like a tariff, and it’s uniform, not like a tariff.

It’s inflation after all.

This would make all goods more expensive, as it would directly devalue the USD. It wouldn’t make people buy local, it would just make them buy less.

It’s not what a tariff does, because that only applies to foreign imports.

Not cancelling, selling.

A dollar bill is debt that the govt owes to you. A bond is similar, just a bit different.

The US will still owe, just to different entities, but its figurative credit score will plummet at the same time it’s in a debt spiral.

But let’s make it simpler. Most of the world’s USD is not in the US, but in cash reserves abroad. They hold it like gold.

What happens if the big players sell? It’s already happening a bit, look at EURUSD and gold prices.

An IBCM is hard to hide. And they don’t need to.

And also hurt rich people with bunkers as well.

IIRC the USA does not have intercontinental missile launch sites in anywhere but the US. The US nukes in Europe are all plane borne bombs.

Those can’t really be launched unless both the US and the host country agree, and France and the UK have a bunch of those as well.

Well, he doesn’t care because nobody else does apparently.

Europe has nuclear weapons closer to the US than Greenland.

Technically, if everything works as if on paper, an attack on Greenland is an attack on Denmark. An attack on Denmark is an attack on France, according to EU articles, which are more tightly binding than NATO ones. And the French have nukes on subs floating under the Atlantic in undisclosed places, and their nuclear doctrine is basically “we use nukes as warning shots”.

In practice, just selling all US securities and cash reserves held by Europe would basically cause the US economy to implode overnight, and the US government to have to declare bankruptcy, and stop being able to pay or even feed its soldiers.

The problem is that it would also cause a deep recession in the EU and basically all over the world, so that’s why we’re playing chicken.

Slopilot

But Diaper Donnie does what bad people command.

It’s not like Trump has a plan. The people behind him do.

To quote Elon Musk, “we coup whoever we want”.

Yeah, but who enforces the constitution right now in the US? The executive can’t start wars either.

What would practically happen if Trump and the White House just declared they did it, and the oligarchs just went and had the tech made to enforce it?

Who is going to stop him?

So in folk tales from Eastern Europe or Germany I know, most “magic words” are either rhyming nonsense or just specific sentences in the same local language. Think “abracadabra”, ours in Hungary is “csiribú-csiribá”, you’d pronounce it like “chiribooh-chiribaah”.

The problem is that in this ultrafinancialised world, changes in expectations can have immediate consequences.

If we take that money and eg. Saudi or Chinese investments leave Belgium, that will have immediate consequences.

Not that I approve of any of this, and we should help Ukraine more, but capital runs the world.

He was? In the primaries?

Bloomberg made a run just to try to prevent him from winning. Then all establishment candidates stepped back at once to endorse Biden, and there was a smear thing coming from Warren…

Is my memory wrong over here?