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In a way we are inching closer to literally everything with time.
I think EY2 is onto something here
The world certainly is different than it’s been in the past few years. We’ve got multipolar powers banding together (Russia, China, India), EU and the US struggling fiscally with exploding debt, populations all around the world struggling with rising living costs, breakdown of social and global norms, disagreement on basic facts/truths and an increasing propensity both within the US and outside to project strength. Once economic and social systems collapse, military conflict only seems inevitable - and it’s a pattern that’s seen throughout history.
The concept of strength through deterrence seems to be rapidly deteriorating. The most direct sign is how countries are now willing to use their militaries preemptively in the name of “self defense” (Israel and Iran/Syria, Russia and Ukraine, soon China and Taiwan). All it takes is one miscalculation to truly trigger something much more global.
C1 - goofy idea indeed.. this is basically an economic version of nuclear MAD esp. as foreign-owned U.S. debt is mostly held by our allies/countries-not-named-China and by holders within the US (~26T). If any adversary caught wind that we were trying to “cancel” treasuries, they would just dump them themselves and cause global direct economic and global pain - driving up yields on T bills due to the increased supply.
Even if we made the first move, it’s not clear to me how you’d even be able to selectively cancel treasuries held by adversaries as it would undermine the entire faith in the dollar-based system. Why would any allied country, domestic bank, local government etc. buy any future bond at a reasonable interest rate when owning them would’ve been shown to be risky? We consistently run a deficit in this country and need interest rates low on T bills.
Relax, we’re fine. Switch off CNN and the news. Thanks to the President, we’re winning at the tariffs, deported probably 5-10 million illegal criminals, destroyed Iran and Gaza, we’re finally respected across the world and they know not to mess with us.
You can tell it's satire because he used numbers lol
Anyone who would actually believe any of that wouldn't know how to use numbers at all.
You're not the only one.
When i was living in a third-world country a few years ago, it was daily carnage in thst country. So I feel you.
No worries. Leaders of superpowers will not let ww3 happen. Given mutually assured destruction - ww3 is highly unlikely
Chief
There are reasons to be concerned but there have always been. The 80s were seriously scary regarding nuclear war with the Soviet Union. Nit an exaggeration. My fear right now is the Chinese government starting to decline, and they decide to start a war with Taiwan and we get pulled in. That’s scary. Putin did that exact thing with Ukraine but he vastly underestimated their resolve.
Don't read the news
There is no surviving WWIII
Would they give us free days at work if WWIII started?
Chief
Everyone except LEK of course.
America will be fine. I'd worry more about what's about to happen to Europe. Lots of people about to get left holding a bag. Scotland reported nuclear waste from British sub fleets in waterways. Looking rough over there.
I hear the Bailiwicks or Victoria island are beautiful this time of year.
Rising Star
History often repeats itself, especially when people who lived through it are no longer alive to bear witness