Political Irony

It died on April 3rd.

This is an article from The Bulwark. If you haven’t heard of it, they are mainly a group of former Republicans who are trying to help save us from Trump. Rather than post the whole article, here is a link to it.

Read it. I agree with pretty much everything they say. I’ve lived in a number of countries, and the plain truth is that the vast majority of countries will never trust the USA again. I can’t blame them. I’m not sure I can ever trust the USA, given that a plurality of Americans thought that Trump as president was a good idea.

If anything, this article doesn’t warn about all the things that will destroy America. For example, they mention how the rest of the world will likely stop using US dollars as their reserve currency, but they don’t point out that this will likely crash the dollar, when other countries stop holding dollars in reserve, and start dumping them. Indeed, according to Financial Times, the US dollar is already plunging.

International banks are also bearish on the US dollar. Deutsche Bank says, “We are becoming increasingly concerned that the dollar is at risk of a broader confidence crisis.” So, not only are Trump’s stupid tariffs already driving up the cost of goods, your money is going to be worth less. Which means that not only are we about to have a recession, but we are close to having a full-on depression.