It is like watching on repeat the EU imploding from the debt crisis in 2009. The only difference is that the US can inflate away their debts and the world will

It is like watching on repeat the EU imploding from the debt crisis in 2009. The only difference is that the US can inflate away their debts and the world will keep buying the usd. The EU had to impose strict austerity, and essentially all the banks stopped providing any liquidity to businesses. Entrepreneurship and research just died overnight.