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by netsharc
431 days ago
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Thinking the status quo will return so easily is like Putin pulling out of Ukraine and saying "So we're back to 23rd January (Edit/Correction: February) 2022, right, friends?". The trust in the US (dollar) hegemony has now been eroded, and will probably continue until a purge of the regime of idiots (not just the oust of one idiot...). |
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No president is going to ride out a self-imposed multi-year global trade reconfiguration triggering inflation, shortages and unemployment.
Nor is putting the genie back in the bottle possible now and so even if you return to status quo trade policy, you've now spooked the world re: reliability of US as partners, US dollar, US debt, etc.
Worst of both worlds really. Incredible self owns over and over.