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What, if I (a European) decide not to buy American treasuries, a squad of Marines is going to bust my front door?
by senko 1y ago
What, if I (a European) decide not to buy American treasuries, a squad of Marines is going to bust my front door?
- cuuupid 1y agoWhat will you buy instead? The point is that the dollar is strong not purely because the American economy has been (and continues to be) the largest on the planet, but also because it is not currently possible to topple the US since its global activities are tied strongly to its military. The only realistic options that exist at the moment are going back to the gold standard (not viable for most countries) or shifting to the yen (which is tied to the dollar as Japan is the largest holder of treasuries).
- tobias3 1y agoWhen Trump was elected, I clicked the sell button on the US treasuries and the buy button on the European ones. Was pretty easy. It will be more costly for the people doing this later, of course.
- DaSHacka 1y agoActually less, if like the long-term trend holds
- 93po 1y agotreasuries are overwhelmingly impacted by federal reserve policy, not sure why you think trump would have much to do with it. if you compare US vs european treasuries since 2016 it's sort of a wash - the european ones are barely outperforming US ones, but the US ones consistently had better yields. and the big impact on US treasuries was interest rate changes, something trump has no say in
- hdgvhicv 1y agoIf you decided to trade oil in euros then a squad of aircraft carriers parks off your coast
- machiaweliczny 1y agoSee: Irak, Libia
- lvl155 1y agoNo, we just won’t rescue you next time you guys do stupid things.
- tobias3 1y agoYour president said we had "not a great day" the last time you rescued us.
- lvl155 1y ago[flagged]
- actionfromafar 1y ago"Say thank you!" You just need a golden 747.
- const_cast 1y ago> Do you think Americans will be stupid enough to spill blood for ungrateful Europoors next time? Jesus Christ what the fuck is this. Can we talk like adults? Is that something we're all capable of? Really? Europoors? We can't even come up with our own witty word play?
- zeroc8 1y agoYes they will if the are told so by their leaders. Brain washing works.
- energy123 1y agoNo, but that military might turn a blind eye when your trade routes are threatened, or might decide to offshore balance against you. Liberals are like libertarians in this regard. Housecats that don't understand what the actual source of stability and prosperity is.