Then the deficit will serve as an excuse to end Social Security, ACA, medicaid & gin up austerity measures like the ones that killed the UK economy. theatlantic.com/newsletters/ar…
GOP policy will likely trigger a crash in consumer confidence. Retaliatory tariffs will...
Nicole Parsons
in reply to tante • • •American voters voted for the "cryptocurrency President".
Cryptocurrency is designed to end the US dollar as the global reserve currency.
These GOP fools just voted to end their own primacy on the global stage.
Nicole Parsons reshared this.
Stiofán de Buitléir
in reply to Nicole Parsons • • •I'd really love to see orange him go big into #crypto reserves.
It will hasten the end of #dollarHegemony.
Nicole Parsons
in reply to Stiofán de Buitléir • • •@stiofi
The transition away from the US dollar makes sanctions unenforceable. Petro-state cryptocurrency takes over.
Financial disruptions of that scale usually end in global conflicts.
This time it'll be nuclear.
Nicole Parsons reshared this.
bureauxx
in reply to Nicole Parsons • • •"cryptocurrency President" more a 🤡, no big bull
Nicole Parsons
in reply to bureauxx • • •Wait. Fiat money is how the Weimar Republic killed its own economy.
en.m.wikipedia.org/wiki/Hyperi…
Trump's tax cuts for billionaires will blow up the deficit.
americanprogress.org/article/t…
reuters.com/world/us/trumps-ec…
Then the deficit will serve as an excuse to end Social Security, ACA, medicaid & gin up austerity measures like the ones that killed the UK economy.
theatlantic.com/newsletters/ar…
GOP policy will likely trigger a crash in consumer confidence. Retaliatory tariffs will...
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How the U.K. Became One of the Poorest Countries in Western Europe
Derek Thompson (The Atlantic)Nicole Parsons reshared this.
Ramesh #NotGoingBack
in reply to Nicole Parsons • • •⬆️ @Npars01 @bureaux @tante
>> Wait. Fiat money is how the Weimar Republic killed its own economy.
Wait. I am more terrified of what came AFTER the #WeimarRepublic
Nicole Parsons
in reply to Nicole Parsons • • •2/2
... kill jobs. Trade agreements & tax treaties will be ended arbitrarily and a global recession ensues.
The environment loses. Labor loses.
Another generation of wealth from the middle class vanishes into the insatiable maw of the 1%.
We've been here before.
The cryptocurrency transition will be very rough.
Global recessions breed global world wars
The GOP is giving up on the US dollar as a global reserve currency. This will be consequential.
Nicole Parsons reshared this.
CassandraVert
in reply to Nicole Parsons • • •We already have fiat currency. What we don't have is finite currency whose supply and distribution is controlled by private interests.
Nicole Parsons
in reply to CassandraVert • • •@CassandraVert
Decoupling the valuation of currency from the value of real goods & services...what could go wrong?