The world’s debtor countries, if not the creditors, are finally coming to realize that many government debts can’t be paid – except by throwing their economies into depression and austerity. That might be in store for the US economy too if it tries to tax the economy to pay creditors instead of simply printing the money.
Obviously there needs to be an alternative. It needs to beyond merely the first step of declaring a debt moratorium. A longer-term restructuring of the international financial system is needed, because the present system has become dysfunctional.
Whoever took this picture is a bad cat owner.
I agree. He forgot to add "uwu". Unforgivable.
Degrowth isn't a serious ideology. It's just cope for people who believe that capitalism will bring about the apocalypse. The work of changing the world is reserved for those dedicated to living, not those waiting to die.
Europe has already had to buy Russian oil from India, because sanctions kept them from buying it directly. All they're doing is making fools of themselves by following orders from the US and imposing sanctions.
If this happens, the best way to see it is as an act of fate. The stars have aligned around Trump. After Jan 6 the GOP could've ended his political career, but instead focused on avoiding blame, which served to further normalize him. The mainstream media viewed him as being good for ratings, which allowed for his rise to office in 2016. Lastly there's the economy, which may go into a recession some time this year. If this were to happen, Biden, who is already incredibly unpopular, will have no means to maintain his position as president. Americans are hustlers at heart, and Trump is the most famous and prolific conman alive today.