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> $100 million Is that a lot? Seems relatively inconsequential in the grand scheme of things, but perhaps a warning of larger moves to come.
What happens when USD stops becoming the the reserve currency for the world? And who takes its place?
A sensible response, indeed. Investing is about finding the right balance of risk vs reward. When a country becomes less reliable, it becomes a less attractive investment, until the interest they pay rises enough to compensate for the additional risk. Edit: Yes, I am being sarcastic.
When facing war you have more important things to think about, including confiscation and freezing of assets
What happens when USD stops becoming the the reserve currency for the world? And who takes its place?
The US keeps voting to raise its debt cieling. Theres not end in sight to endless taxation by both parties. Nobody is reducing spending and delivery continues to go down.
The US pays $800B/year to service debt. It pays $800B-$1T/year for the military. What would you like cut that is discretionary? There appears to be no appetite to raise taxes on the wealthy, pay down debt, and reduce military spending. So US credit card go brrr. We’ll hit a debt spiral eventually.
What happens when USD stops becoming the the reserve currency for the world? And who takes its place?
That would never happen until the US Navy ceases to be effective globally.
Really curious what your reasoning is here.
The whole situation is been caused by a single guy and 400 enablers, whereas the US is a 400 million people country.
The correct form of reaction is a punch in the face during a bilateral meeting, Zelensky came close to doing it but unfortunately he resisted his impulse , that's where the epicenter of all newly generated global problems in the last 10 years lies, in that octogenarian brian of his.
- 9/11
- Iraq War
- Covid
The US did recover a bit deficit-wise in Obama years, but have not reset the fiscal picture from Covid.
> $100 million Is that a lot? Seems relatively inconsequential in the grand scheme of things, but perhaps a warning of larger moves to come.
The US keeps voting to raise its debt cieling. Theres not end in sight to endless taxation by both parties. Nobody is reducing spending and delivery continues to go down.
Unfortunately most young people don’t realize they are being hoodwinked and so poll extremely supportive of this scheme.