Microblog Memes

I will side with the lesser evil. But so far it's just empty words, they need to dump all of those bonds.

The Beaverton had an article the other day “Canada chooses lawful evil over chaotic evil”

I’ve also seen posts online along the lines of “I’d rather deal with lex Luther than the joker”

They don't even have to sell what they've got. They just have to stop buying more and invest elsewhere instead.

The US runs on a perpetually increasing deficit. If that line were to stop going up, we'd instantly fall into a recession.

TIL
US is a Ponzi scheme and US used this fraud money to make weapons in order to steal more money (oil) and prevent creditors from getting their money back 🤔

This might have been a factor for him backing of his invasion fantasies the first time.

Joke is on them, he is so vapidly stupid he forgot and is again threatening Canada.

To add context, part of getting Great Britain and France to back off in the Suez Crisis was Eisenhower threatening to sell off American owned debt in these two countries.

They need to sell more bonds though. Europe can flood the market, leading to a collapse of the bonds value.

That would mean, more debt would become increasingly expensive for the US, potentially to the point where they won't find more lenders.

I think you're missing the part where the US goes effectively bankrupt because it can't sell debt. Everybody loses.

That, and the US is a fiat currency system. Treasuries are a relic of the gold standard. If no one wants to loan the US the money it itself creates out of thin air, it can simply loan itself the money. Really, just will it into existence.

Europeans can exchange their dollar holdings for other currencies or spend their dollars on US goods or dollar-denominated oil. This would weaken the dollar and make imports into the US more expensive. But it’d make US exports more competitive.

I’m always baffled how people, particularly Europeans, don’t understand fiat currency. They have ceded their sovereignty to bond market vigilantes so thoroughly they can’t even conceive of a fiat system.

This particular threat seems like a way to wishfully think their way out of a poor defensive posture. Europe, you’re being squeezed by Russia on one side, the US on the other, and China is hollowing out your manufacturing. Time to hit the gym.

Nah, these balls can be lightly squeezed, not just cut off. They can be squeezed lightly for a longer time, making Americans uncomfortable for months, or once in a not so gentle way.

The central banks can do that by selling bonds at a slughtly cheaper price than the US offers for their new bonds, forcing them to offer higher rates, making their debt more expensive.

It's the perfect instrument, if you're willing to pay the price.

They have been busted for all sorts of stuff the controversies heading (which feels like a misnomer) in their Wikipedia is quite long.

That said they could still be correct here.

Defaulting on a loan would have disastrous consequences.

The idea behind grouping them is that all those "european countries" can act as one through EU coordination. So it makes no sense to separate them when talking about negotiating power.

So let’s continue with the appeasement policy. Worked great last time…

how long can an army obbey orders if they are not paid?

The US population that would burrow further, will burrow further no matter what Europe does. They're in a self-destructive cycle that requires no outside catalysts at this point.

The other half of the population would invariably be hurt alongside them, but I don't think they'd suddenly turn and see Europe as the bad guy. Some of them would probably consider exercising jus sanguinis claims to European nationality, no matter how flimsy, in an attempt to leave their crumbling economy and fascistic government.

If Europe thinks this will merely be another American Civil War, localized to some far away hemisphere, I ask that they consider whether the situation more closely parallels World War II. There may come a day where the US attacks a NATO ally like Canada, triggering an Article 5 response. A Barbarossa in 2 years time, a D-Day in 4.