patrick.net

Too broad. What would be the issue to fight over? Which states would try to secede?

We are undergoing a major political party realignment. When that finishes shaking out, we'll see if a civil war is needed.

We are almost done. Another two or three election cycles. Working class America and US Chamber of Commerce factions need to find permanent homes in the parties. Then coalition consensus for each party after that.

US loss of currency domination would end the bread and circus pretty fast. At more than a trillion more in debt a year the parasite class is about to loose their shit. Even a second great depression would end this country.

Only escape aside from collapse would be a large scale war which in this day and age would be worse.

RC2006 says

US loss of currency domination would end the bread and circus pretty fast

No such thing is about to happen. The rest of the world is way more fucked up than we are. In large part because the dollar system was designed to do that in the first place.

Every USD denominated reserve debt instrument introduced to the world system also introduces future demand for USD to service those debts. And at any given moment, over 2 - 4 times more debt in the eurodollar markets exists than USTs.

And because of that...



Shit, so we actually did Russia a favor in forcing it to fly around planeloads of gold to settle international trade. They operate outside of this trap.

So, foreigners don't give a shit about what groceries and gas costs the US consumer. So forget about 'currency debasement' involving the USD is concerned. It's social media posts by propagandists and the ignorant, that's all.

They are debasing THEIR own currencies to acquire USD to pay debts they owe amongst each other in order to trade amongst themselves. When it catches up with them, they undergo nasty e/r evaluations as a result. Rinse, repeat. Whenever the Fed raises or lower rates quickly, that exacerbates said difficulties amongst themselves.

And that is why the restnof the world will go to fiat shit before the US does, believe it or not.

And yes, the order of who gets fucked before others makes a difference. The more your currency makes it to the end, the more propped up it's economy will be because of it.

Thus, Japanese banks are not selling USTs because 'the dollar is going to shit'. They are doing so to acquire dollars to shore up their dollar reserves because their carry trade is blowing up. And that is caused because the BoJ was forced to raise interest rates to shore up the Yen, not the USD.

And BRICS isn't around because the dollar 'is going to shit' but because the opposite. A form of Gresham's Law amongst the fiat currencies is kicking in. USD is the 'good money'. BRICS is trying to set up a type of 'real bills' system like medieval fairs used, Germany used to trade as part of its post-hyperinflationary period and US firms used amongst themselves in the Depression. The practice of invoicing net 30, net 60 and net 90 and acquiring bank financing with those net receivables are vestiges of this era.

In all three eras, gold(cash) was in so short supply as to make these trade settlement regimes necessary.

(Well, the part of BRICS that isn't just PR bullshit. Hence why only the Russians of all the BRICS members actually are sincere at it beyond the PR. Remember, they already fly planeloads of gold to settle their shit.)