Do most Americans understand the world of pain they are in for if the dollar falls?
'World of pain' is a bit of an overstatement. WW2 ended the Pound Sterling's status as the global reserve currency, and I would hardly call the currency situation a 'world of pain'.
The only thing I consider a 'world of pain' is watching more and more streets of my city become exclaves of third world shitholes, and that's being done by our leadership, deliberately.
America is in a more unique situation. Third world countries have a shit load of dollars under the figurative mattress. If they start dumping, we'll need a more extreme word than hyperinflation. There would be superlative-inflation. The Fed could theoretically freeze those dollars like is being done to Russia, and then things get really interesting.
The fate of Britain after WW2 and up to Margret Thatcher was pretty bad, though. I wouldn't want to live through 1970's, Labour Government, UK as our future.
It's not Liberia, but It really isn't great.
Hell, the successful plan that the Fabians have was for us to end up like Japan after the 1990's: complete economic and social stagnation decade after decade.
World of pain' is a bit of an overstatement. WW2 ended the Pound Sterling's status as the global reserve currency, and I would hardly call the currency situation a 'world of pain'.
a) the US were a similar, freedom and liberty orientated power so the take over was smooth. b) WW2 had just ended, peace naturally follows.
Neither of those two factors apply in the current day.
'World of pain' is a bit of an overstatement. WW2 ended the Pound Sterling's status as the global reserve currency, and I would hardly call the currency situation a 'world of pain'.
The only thing I consider a 'world of pain' is watching more and more streets of my city become exclaves of third world shitholes, and that's being done by our leadership, deliberately.
America is in a more unique situation. Third world countries have a shit load of dollars under the figurative mattress. If they start dumping, we'll need a more extreme word than hyperinflation. There would be superlative-inflation. The Fed could theoretically freeze those dollars like is being done to Russia, and then things get really interesting.
Ludicrous inflation. We're goin to plaid boys.
The fate of Britain after WW2 and up to Margret Thatcher was pretty bad, though. I wouldn't want to live through 1970's, Labour Government, UK as our future.
It's not Liberia, but It really isn't great.
Hell, the successful plan that the Fabians have was for us to end up like Japan after the 1990's: complete economic and social stagnation decade after decade.
These are all bad outcomes for the US.
The worst part was Thatcher screwed the UK in the long term. Although Blair fired the killing shot.
a) the US were a similar, freedom and liberty orientated power so the take over was smooth. b) WW2 had just ended, peace naturally follows.
Neither of those two factors apply in the current day.
True.
Replacing one Anglophone superpower with another that was almost identical wasn't much of a shift.