undefined

points

[-]

Long term it is a very tough position for the US. They need to run a trade deficit to keep the power of the US dollar, if that goes so does a lot of their world power.

More broadly however, the question that I think everyone should ponder on is, "If the US falls as the world super power, do you think the alternative will be better?"

A huge part of the US's spending is on the military and that is used to stabilize global trade, that is so that the USD is still THE major currency. But recent moves looks like they are trying to keep that while also kicking out the struts that hold up the entire system. It is very illogical, maybe there is a bigger plan but somehow I don't think there is.

by 8note3 hours ago|

prev|

[-]

i think canada has found that its been less difficult than we thought it would be

ultimately the US is buying stuff, but its the stuff thats actually valuable and not the USD you get from it. its even easier to move when you cant even buy oil from the gulf anymore, whether in USD or otherwise.

the supply chain problem arrived in trump 1's covid disaster, and hasnt exactly been solved for getting stuff to the US again

by ColdStream6 minutes ago|

parent|

[-]

I was very impressed at the pace at which Canadians got behind the move away from US goods. Turns out threatening to annex a country and NOT having those making the threats get punished/thrown out does that. It shows a significant enough part of the US would support the move. That portion might only be 10-30% (who knows exactly) but it is enough that it cannot be ignored and it will keep coming back.

There are still more fundamental materials markets that will take years/decades to move away from but that is already happening.