The emperor's end game is a national credit default.
This has always been a significant part of his personal business strategy.
Those who think this will somehow benefit them will be forced to learn otherwise the hard way --- after the fact.
jleyank · 2h ago
Rising bond interest rates and falling value of the USD suggests a worldwide disinterest in things US-ian. Financial market instability isn't good for the HN audience, nor the normies watching retirement account balances.
How many currencies are large enough and liquid enough to be a reserve currency. What might happen if the US is not interested in playing this role? Do they understand or care what will happen when, say, oil is denominated in a different currency?
This has always been a significant part of his personal business strategy.
Those who think this will somehow benefit them will be forced to learn otherwise the hard way --- after the fact.
How many currencies are large enough and liquid enough to be a reserve currency. What might happen if the US is not interested in playing this role? Do they understand or care what will happen when, say, oil is denominated in a different currency?