Part4

An office-friendly version of this would greatly improve my well-being so productivity at work.

'He' (the US) owe it in large part to the world, who were forced to buy us debt in order to buy oil. China is the biggest holder of US debt iirc.

The US's voluntary withdrawal from the post ww2 economic order (from which it profited greatly) has absolutely hastened and cemented this process.

This debt is coming due, the strength of the dollar has already dropped greatly, US interest rates will rise. The US dollar will be cheap enough to compete with India and China to be the world's factory (a major part of Trump's election campaign and success).

It won't happen all at once as the world will look to manage America's decline while trying to maintain as stable a transition as possible.

But please be aware, this debt is going to come due and it has absolutely been hastened by Americans voting for Trump a second time. Fore warned is forearmed. Good luck.

I’ll build my own cooling and temperature monitoring system

I bunged mine in the fridge, just drill a hole out of the side for the cables then use rubber sealant.

Yes let's see. I expect the media - billionaire owned on one hand, bbc on the other - will do the kind of job on him they did when he was leader of the labour party. He will become mired in claims of antisemitism (whatever that means these days), and whatever else they can throw at him and it won't go anywhere.

Capital drives the UK and capital does not want socialism. The media is in significant part crowd control.

It has been red tory v. blue tory since Blair took leadership in '93/'94.

It is more of less the same as the US (where it was red v blue republicans for a few decades and is now Republicans calling themselves 'Democrats' v. Christian Nationalist Fascists).

It is the natural continuation of Reaganite/Thatcherite neo-liberal capitalist ideology.

The outcome for the UK will be a lurch right as the poor vote for parties (Reform) who have used the immigration that has caused serious legitimate problems for poor communities that simply can't afford to support them, and other cultural issues of various import they have been coerced into finding important, as wedge issues.

Edit - obviously this lurch to the right is the opposite of what should happen but here we go. It is what fossil-fuel powered capitalists prefer to socialism and an egalitarian society any day.

None of it really matters all that much to me, at this point. But I am pretty sure that humankind having some sort of potentially achievable long term goal, and crucially (when it comes to trying to stop climate change) tries to fight a battle that isn't already lost, is the only way forward.

Maybe the long term fight we can still win is 'Can we do enough to keep the possibility that humans might become extinct over the coming centuries off the table at 2100'.

All of the references you have ascribed to me are wrong.

I have not stated that I am pro or anti anything.

When presented with a fact that doesn't match the reality that an individual has (co-)constructed they have to reject the fact, because they can't reject reality. When they can't reject the fact the change it - as you have here. When they can't do that they diminish the fact by attacking the individual; (again, as you have here, by insinuating that I am 'kinda sus').

Other than that, whatever. Forewarned is forearmed but of course feel free to ignore — it doesn't affect me either way. Good luck.

Undoubtedly the world is dedollarising, at which point the US's deficit falls due. Currently any country that buys US debt pays US defence spending. The US has reneged on its obligations in terms of supporting democratic countries, so this stops.

What do Americans think a trillion dollar defence bill, $200 billion on a modern day SS is going to do to the US economy when the world walks away? And be clear, this process is happening.

For the rest of the world it is about managing a belligerent and unreliable US in the interim period in terms of stability so this process will not happen all at once. Maybe China would dump its holding of US debt in a war situation, but ideally this will not happen.

Without the rest of the world supporting the dollar as reserve currency the US is looking at something like a Soviet Union scale collapse.

The EU openly indicating their intention to abandon swift and the WTO, the price of the dollar are clear signs that what has been happening quietly is now being openly declared. A second vote for Trump can't be written of as an error.

So yeah, that is how it is going.

America thinks it can run deficits to fund this sort of shit, and billionaire tax breaks. And it expects the world to buy US debt, in dollars, that the US prints, to at least partially pay for it.

Not only that, but Trump seems to not only expects this post ww2 economic order to continue, he seems to think this is going to happen while it not only withdraws military support to many of the people who financed the US's post war prosperity in this manner, but while he is actively supporting those people's enemies. Lol.

Under Trump the US is definitely heading for an economic collapse on the order of the collapse of the Soviet Union. When it happens, and how quickly is anybody's guess, but the post WW2 economic order (from which the US greatly benefited) is definitely, irrevocably done.

Debt is coming due.

;Yawns

Blocks