agip wrote:
Racket, PhD wrote:
Pretty sure this has been posted on the internet every single day since 1999.
"USA in shambles! Just you wait!"
seems to me that the dollar is unlikely to keep its dominance as the king of the reserve currencies.
our politics are unstable, our democracy is regressing, our international agreements mean little anymore and can be revoked by any incoming president, our willingness to raise taxes is weak, and our national debt is monstrous.
Other nations are not paragons of virtue either, but the point of using dollars as a reserve currency was that the internationals could trust America to make decisions within the 40 yard lines. I think post-Trump people won't make that assumption anymore. They'll move their money around to many places.
You've been hanging out with too many liberal arts college sophomores.
Democracy in the US is stronger than it's ever been. The kids and hippies complain about it and act like everyday is worse than before because that's what they always do - fvcking complain. Anything less than perfect might as well be the bottom of the barrel to them. Hell, you're the one always preaching about how people wrongly complain about income inequality in the US all the time!
As for the dollar, it's not going anywhere. I'd be more worried about the euro and the failed state that is the EU. The US remains to be the only nation with positive interest rates, the strongest property laws and judicial system, and a blue water navy that has more tonnage than like the next 3 navies combined.
Oh but yeah, but we don't have perfect racial justice, so, you know, US bad. Gimme a break