FuckyWucky [none/use name]@hexbear.nettoWorld News@lemmy.ml•Donald Trump tells Canada to become a state to avoid his tariffsEnglish
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3 days ago[They did that once to Australia.]! https://en.wikipedia.org/wiki/Alleged_CIA_involvement_in_the_Whitlam_dismissal)
When Dollar is replaced as the reserve currency, America’s imports will shrink and there may be inflation. But it won’t result it in defaulting on its domestic currency.
Any austerity on the US will be self-inflicted (as it is in the UK and Europe). The unwillingness of the US Government to take over the economy from the parasites will make things much worse.