I am trying to figure out why billionaire US oligarchs, much of whose wealth is denominated in US dollars, are actively colluding to dismantle the entire government of the US. That will nearly certainly result in massive sell offs of US bonds by their non-US brethren when “the full faith and credit of the US government” becomes a joke and a risk, instead of representing a safe haven for wealth. In turn, that will devastate the value of the US dollar. And destroy most of these idiots’ wealth.
They will effectively be committing economic suicide, telling their old-money peers in essence: We extracted untold trillions of dollars by looting the US treasury, and then ensured that those dollars would become essentially worthless. Let’s see you destroy that much wealth!
=> More informations about this toot | More toots from bhawthorne@infosec.exchange
@bhawthorne
I suspect the oligarchs no longer care about functioning economies or growth, and are just going carve everything up between them and let the serfs starve
=> More informations about this toot | More toots from Shivviness@beige.party
@Shivviness @bhawthorne I've been thinking about this and I think your right and that they are incredibly stupid
Wealth, be it stocks and shares, or cash only has value due to the society it exists in. If you effectively destroy society it has no value. Even land depends on the rule of law to have value.
They think they could hire a private army to protect their interests but what with?
=> More informations about this toot | More toots from jfrench@cupoftea.social
@Shivviness @bhawthorne
Life as a service.
=> More informations about this toot | More toots from amiserabilist@beige.party
@amiserabilist @bhawthorne
=> More informations about this toot | More toots from Shivviness@beige.party This content has been proxied by September (3851b).Proxy Information
text/gemini
