Stories
Slash Boxes
Comments

SoylentNews is people

posted by martyb on Tuesday February 05 2019, @04:31AM   Printer-friendly
from the hello-ruble dept.

https://www.truthdig.com/articles/goodbye-to-the-dollar/

The inept and corrupt presidency of Donald Trump has unwittingly triggered the fatal blow to the American empire—the abandonment of the dollar as the world’s principal reserve currency. Nations around the globe, especially in Europe, have lost confidence in the United States to act rationally, much less lead, in issues of international finance, trade, diplomacy and war. These nations are quietly dismantling the seven-decade-old alliance with the United States and building alternative systems of bilateral trade. This reconfiguring of the world’s financial system will be fatal to the American empire, as the historian Alfred McCoy and the economist Michael Hudson have long pointed out. It will trigger an economic death spiral, including high inflation, which will necessitate a massive military contraction overseas and plunge the United States into a prolonged depression. Trump, rather than make America great again, has turned out, unwittingly, to be the empire’s most aggressive gravedigger.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by coolgopher on Tuesday February 05 2019, @08:06AM (2 children)

    by coolgopher (1157) on Tuesday February 05 2019, @08:06AM (#796551)

    You're still managing to be human, so that's gotta count for something. Don't be too eager to check out, I doubt there are do-overs.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2  
  • (Score: 2) by Azuma Hazuki on Tuesday February 05 2019, @05:17PM (1 child)

    by Azuma Hazuki (5086) on Tuesday February 05 2019, @05:17PM (#796757) Journal

    There are, just not of the particular life you checked out of, and that's precisely what I don't want. Suicides are almost always forced to reincarnate, as I understand it. So hopefully whatever this all means, if I stick it out I'm done and don't need to do the flesh thing any longer.

    --
    I am "that girl" your mother warned you about...
    • (Score: 2) by coolgopher on Wednesday February 06 2019, @12:54AM

      by coolgopher (1157) on Wednesday February 06 2019, @12:54AM (#796993)

      I don't share your convictions in this area, but I do wish you a better/happier continued existence. May you find some joy in this limiting flesh.