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If you think things are bad now, then, brace yourself: it is about to get a whole lot worse. If you are alarmed at the speed with which the Trump administration has set about dismantling every institution of American government and every pillar of the international order, you must understand that this is not just the initial burst of activity, the “shock and awe” phase after which things will settle down: if anything, the pace will continue to accelerate.

The world has never before been faced with such a threat. The United States has handed the nuclear codes to a madman, a criminal, a would-be dictator and a moron, all in the same person. Whatever the purpose to which he directs these powers – to impress his dictator friends, to further enrich himself and his cronies, to seize absolute power or just to watch the world burn – we must hope for the best, but prepare for the worst.

    • futatorius@lemm.ee
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      1 month ago

      The process of global de-dollarisation,much talked about, is being hastened

      China has a thriving economy without the RMB being anyone’s reserve currency.

    • AA5B@lemmy.world
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      1 month ago

      global de-dollarisation

      This is the real problem for us in the US. Currently debt doesn’t matter: that’s stupid and short sighted but it doesn’t matter. I’m not entirely sure what global de-dollarisation means but US debt is going to matter a hell of a lot more when we’re treated like any other economy