WHAT IF?
Trump plans to foist $USDC on the world.
Unilaterally start issuing crypto US$s.
Force the world to accept.
Exorbitant privilege 2.0
Monetize the debt .Eliminate interest.
Say 100T$ M1 target over 5 yrs.
5-7T$ per yr "interim" deficit spending
@AustinBudden@CTVNationalNews The problem isn't these measures, per se.
Some controls and proper governance could help with a lot of societal ills.
The problem is the ideology of these self-interested globalists and the damage they will cause with ANY power.
Nuclear is good, in any case, hope this happens
@AmericanUnity76@luisbaram That's one hell of a leap there Joe.
Unless your definition of "God" is anything and everything other than "blind purposeless processes"
Every empire starts with momentum.
It solves a real problem.
It builds roads, trade routes, institutions, armies, markets, currencies, trust.
In the beginning, the center earns its power.
People follow it because it works.
Productivity is high.
Risk taking is rewarded.
Builders are respected.
The currency carries credibility because the system behind it still has discipline.
Then dominance arrives.
And slowly, the incentives change.
The question stops being:
“How do we build more?”
It becomes:
“How do we protect what we already control?”
That is where the rot begins.
Bureaucracy grows.
Debt becomes easier than productivity.
Connections matter more than competition.
Financial tricks replace real growth.
Control starts replacing trust.
Reserve systems follow the same pattern.
At first, the world holds the reserve currency because it is stable, liquid, trusted, and useful.
Later, the world keeps holding it because everything is built around it and leaving becomes difficult.
That dependency gives the issuer enormous power.
And over time, power gets abused.
Too much borrowing.
Too much printing.
Too many sanctions.
Too much weaponization.
Too many promises built on the assumption that the world has no choice.
But confidence is not infinite.
The same system that once created trust slowly starts consuming it.
That is the irony of empire.
The bigger it becomes, the harder it becomes to reform.
The more central it becomes, the more fragile everything around it becomes.
The more protected it becomes, the less efficient it becomes.
When something becomes too big to fail, it also becomes too big to discipline.
And without discipline, decay is only delayed.
Empires rarely collapse overnight.
First they become expensive.
Then inefficient.
Then arrogant.
Then extractive.
Then fragile.
And eventually, the world starts looking for exits.
Not because the next system is perfect.
But because the old one became too costly, too abusive, and too inefficient to trust.
@mazemoore It's good for the economy.
West is desperate to prop up their capitalist ponzi financial systems which must have Economic Growth, at any cost, or collapse.
Doesn't matter if it's debt driven.
@hmcleaver I think those in power tend towards fascism to the extent that they need to and can get away with it.
Europe and UK are certainly tending that way now.
Like you say it's control.
@MapleTMP@PieterseMarc Eating meat that was created for that purpose is not harming the planet.
Lots of human activity is though and I do think we should take better care of the environment.