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by invalidname 490 days ago
Yes. But an important key fact here is that this is true as long as the USD is the world currency. It's the world currency since the US is the global super-power both in international support and military strength.

By cutting spending on foreign countries the US is forcing these countries to turn elsewhere for aid which will come in the currency of the new provider and with strings attached. This can cause a domino effect which will significantly weaken the USDs standing and force the US to take up "real" debt.

DOGE could very well bankrupt the USA if they aren't careful. They don't seem careful or self-aware.

1 comments

"buy when there's blood on the streets" - I definitely hope this is not their actual plan.