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submitted 2 months ago by yogthos@lemmy.ml to c/economics@lemmy.ml
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[-] humanspiral@lemmy.ca 3 points 2 months ago

Very strong video. Plaza Accord 2.0, for devaluing US$ would not go over well in US due to inflation. Financialization of other countries in 1.0 did lead to oligarchy, but only Japan went full bubble crash. The untradeable 100 year bond is a complete non starter, and any ruler agreeing to it, should be impeached, jailed for treason, and have all of their personal assets seized.

Still, only way out of US debt levels is massive currency devaluation and inflation. This actually happens to be path for reindustrialization. US gets to make tube socks for the Chinese. So financializing other countries more is a solution to US sustainability. USD dominance was maintained after plaza accords due to oil trade and "custom". The Trump approach is impossible to achieve same, due to hatred he generates.

this post was submitted on 09 Apr 2025
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