Obituary - part the second

Well, once again: That Didn't Take Long.

Ayatollah Don^© has managed to stir up Our Allies to the point that they're actively seeking to visit the USofA with (almost) financial ruin. Dumping a bunch of Treasuries, in and of itself wouldn't kill the USofA in a nano-second, but takes the Rest of The World one step closer to stripping the US Buck of Reserve Currency status. And that, as explained in Episode 1, puts USofA Debt into Zimbabwe Land. That's not good eats. Bretton Woods gave the USofA the luxury of paying its foreign debts by printing its own currency. No other country could/can do that. Think about that for an hour or two.

So far, European officials have signaled Greenland's sovereignty is a red line that's not up for compromise, while the Trump administration isn't budging either on its stance.

But the U.S. has a key vulnerability the EU can exploit, according to George Saravelos, head of FX research at Deutsche Bank.

"Europe owns Greenland, it also owns a lot of Treasuries," he wrote in a note on Sunday.

Holding those bonds helps balance America's massive external deficits, and Europe is the world's biggest lender to the U.S.

And, I'll bet, you thought that was China? Guess not.

The European hoard is said to be 12.6 Trillion Dollars worth. At least until it isn't.

According to the US Treasury, Japan is the largest single country holder, at $1,202,600,000,000 nominal last November. China is third with $682,600,000,000.

How difficult would it be to dump the US Buck as reserve currency and choose the Euro or Renminbi? General view is: will take more than Ayatollah Don^©'s infantile behavior. Me? I'm not so sure. He's clearly on a crusade to make America 19^th century again. Back when we were a third world country: a few Marie Antoinettes and the rest cake eaters. Only shitkickers would vote for such an idiot. And Batshit J. Moron means to intimidate all those Blue City Voters to stay home on Election Day. We'll see.

Don't believe Mammy Yokum? Go look at a county level vote map from 2020. See all those Blue Dots? That's what's had Batshit J. Moron going batshit since forever. Only stupid shitkickers want him. Discrete state/precinct maps, like this (haven't found a USofA one yet, but at least one dataset exists for the adventurous) show what Batshit J. Moron is up to in yet more detail.

He could just about end American Dominance just because he's so stupid. It ain't how many nukes ya got, it's whether you control international finance. But he's a failed (6 times that we know about) real estate knucklehead, and nothing more. It's a sure bet that he thinks Bretton Woods is a fine merlot. Only tyros drink merlot.