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Trump, Vance Clash With Zelensky During White House Meeting (news.antiwar.com)
submitted 2 years ago by to c/worldnews@lemmy.ml
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[–] 12 points 2 years ago* (3 children)

The US according to Powell can't maintain this level of debt. Interest rates are high because nobody wants to buy US bonds, and you've got talk of BRICS ending trading oil in USD altogether. Its not like its just borrowed and the US has no repercussions, this is all future austerity.

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  • [–] 15 points 2 years ago (2 children)

    If the status of the dollar collapses a reserve currency then the US will absolutely be in trouble. I think it's going to be a little while yet before that happens, but I do agree we're starting to see some initial signs of the process starting.

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