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by guzfip 81 days ago
> Major geopolitical failure by the US.

Nah, soft power is out. Bluntly, if the Philippines strays too far from US interests, they can be strangled, first economically, then militarily.

2 comments

If the Us keeps attacking its allies economically and militarily the petrodollar will crumble and those trillions of dollars of debt will start to be a heavy burden
So it's all going to plan then?
If dollar crumbles, the debt becomes lighter, no?
Tons of countries buy the dollar bond because it’s a safe bet. It’s how the world does finance.

If that stops, then the world stops buying dollars. And then America has to start justifying why a printed dollar justifies buying an import from China or Europe of real valuable goods

Of course, that’s what US will do to its old allies.