The paradox of me wanting the dollar to collapse so the American Empire finally breaks, but at the same time realizing that such an event will be felt incredibly hard by workers all over the world.
this post was submitted on 12 Aug 2025
28 points (100.0% liked)
Quotes
491 readers
33 users here now
Any good quotes from speeches, books, articles, etc
founded 3 years ago
MODERATORS
workers all over the world do not have much dollars on their pockets so it isn't that terrible.
No but the global financial system will be in a terrible place which always hurts the working class more than everyone else
Part of it has been that these "problems with the financial system" were actually a part of the system that served to increase wealth transfer from everyone into the hands of (some) the bourgeoisie, but now, with the increased decoupling/independence of the Global South, it seems to me that such "problems" become less of long term problems of the world Proletariat and become more of problems focused on the empire...
In emerging markets, “the same ratio of USD reserves as in 1995” still holds. Even after recent sell-offs, including one by China in April, analysts do not expect a major impact... Countries often hold US Treasuries as liquid assets, which provides stability to their own currencies, so unravelling the US dollar’s status could also undermine their own interests.
Am I tripping, or does this sound incredibly like the subprime debt crash that Bush and Obama presided over?
Seems like it. Its really strange that the system that still controls everything in the world essentially operates on the same logic as Wiley Coyote running off a cliff. He can stay in the air forever until he looks down
"E Pluribus Unum" should be replaced with "Quod Nos Effecimus, Fieri Non Sinere Possumus" (What We Caused, We Can Not Allow To Happen) as the US national motto.