US President Donald Trump’s abduction of Venezuelan President Nicolas Maduro on January 3 has emboldened him to proceed with the annexation of Greenland, a Danish-owned, self-governed territory, spelling the effective end of NATO and furthering Russia’s war aims in Ukraine, experts tell Al Jazeera.
“The move on Venezuela illustrates the Trump administration’s determination to dominate the Western Hemisphere – of which Greenland geographically is a part,” said Anna Wieslander, Northern Europe director for the Atlantic Council, a think tank.
“If the United States decides to attack another NATO country, then everything would stop – that includes NATO and therefore post-World War II security,” Frederiksen said.
“The pandering to Trump has been an element of our strategy over the last year, leaving observers hoping, but not entirely trusting, that another element of the strategy is preparing urgently for the final rupture with the United States,” Giles said.
Giles told Al Jazeera that Europe’s best option was to place a military deterrent on Greenland now, believing that putting allied troops in the Baltic States and Poland after 2017 deterred a Russian attack there.
That is a gain for the US, not a loss. No interest payments on the loans they’ve made, and no need to pay off the principal. Great!
The debt doesn’t “go away”, the countries sell it on the market, causing the price of us bonds to drop. That causes the yield (what it costs the us to service the debt) to go up. Borrowing becomes more expensive. Repaying debt or borrowing more to pay interest becomes even more expensive for the us.
Yes. This I agree. But the current administration has shown it is willing to ignore future consequences.
Higher yields are irrelevant if the project 2025 goal is to “Abolish the Federal Reserve” page 768
I don’t think you understand how inflation works…
Debt cancelling is a deflationary action. It reduces the money supply.
Dumping their bonds into the market isn’t cancelling their debt. Its making all that debt available for OTHERS to buy. Supply goes up, value goes down.
In other words, if all of the US debt was out up for sale at the same time, is value of the US dollar would crater.
Supply is the same unless debt is cancelled. A weaker dollar makes it easier to pay interest.
"If you owe foreign banks $100, that’s your problem. If you owe foreign banks $100 trillion that’s the foreign bank’s problem.”
That’s not how markets work.
But you’re clearly a troll just being intentionally obtuse for shits and giggles. It’s on me for not having realised it earlier.
Have a good day.
If you think correcting someone’s macro economic misunderstandings is trolling then you will be meeting many more trolls.
I’ll trust the economists on this one. Honestly should have just done this from the beginning rather than trying to explain things.
source - https://www.investingdaily.com/137830/what-it-means-when-the-world-dumps-u-s-debt/
The number of bonds remains fixed (or reduces). Supply only increases if the US issues more bonds.
The quote is obvious bullshit. You can only have a surge in selling if there is an exactly equal surge in buying. One seller = one buyer.
Use your brain and don’t just quote from random websites.