the local-currency cost of servicing USD-denominated debt rises just as the ability to earn USD to service it falls. This is a classic double squeeze that has triggered emerging-market debt crises historically (Asian Financial Crisis 1997–98)
the interesting thing is with refining capacities destroyed there is no lack of crude but a lack of products of oil. the winners are the refiners and food production. Premiums are coming
in the end the usa is the overall winner.u can have the resources but u dont have the capability to process it nor can u transport it.he is just relatively stronger than all.he still sets the prices
Imagine this u have a kingpin and there are rules. Now he goes away what happens the pockets of power that now aplit the territory among themselves and yr living in it do u think u will be better off
To be neutral be the escape valve for all involved in the conflict.
Debts will still be repaid u just get less of what u can exchange for than when u originally lent.
Positioning yr sail is key.
There is no longer a neutral world countries will have to choose their sides and based on that the pricing on the supplies change accordingly. To support the conflicts people will be made desperate enough to be at the Frontline.
the new anchor for the reserve dollar might just be the remaining essentials production in the usa.
just like in world wars it just happened to be not destroyed. he sits on the throne and looks over the fires.if only they had obeyed abit more.
AI might be commoditised for coding but if yr searching for news each AI has its own silo using its own social media platform. The gatekeeping is the moat.
Its quite interesting when i look at 1996-7 for pieces of paper and obligations the fate of entire populations are handed over to the same people that created conditions that cause it.The desire to be better off and later turns to greed happens every generation.
the ordinary with little to none relationships will soon experience triage of resources at the bottom of the list.
what is once normal becomes a privilege.
there are 3 types of people those who rule,are ruled and rare ones who arent ruled.
The middle doesnt matter its the arent ruled that is the tipping point.
for the powerful to gain power the agreed order needs to be changed, to change it there has to be disruption.
they do not pay the price, on success they get the benefits.After the sweet melts u will see the blade.
most would prefer staying in a home for 70 years and still be able to cash out with a profit. would we go back to the past where new and old flats are priced similarly. sers n vers are like backstops it can create a moral hazard.