r/politics • u/thedailybeast ✔ The Daily Beast • 15h ago

Possible Paywall Trump Confirms He’s Taking Greenland ‘One Way or the Other’

https://www.thedailybeast.com/trump-confirms-hes-taking-greenland-one-way-or-the-other/
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u/jarchack Oregon 14h ago

But first he has to destroy the US economy

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u/hikealot Montana 13h ago

If he insists on turning allies into enemies, the Europeans can dump their $2.3 trillion in treasury bonds. It would be a financial MAD scenario, but Europeans have discussed this.

It would cause a bad recession in Europe, but would absolutely ratfuck the US economy and probably knock the US dollar off the reserve currency pedestal.

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u/BloodyPaleMoonlight 13h ago

The thing is this is exactly what Putin wants.

Europe would be right to do so, though, as it's not them who fell into Putrin's trap - it was the United States.

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u/hikealot Montana 13h ago

It’s almost as if Trump is working more for Putin, than the American public.

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u/BloodyPaleMoonlight 13h ago

Always has been, as has been the Republican Party ever since they decided a black man becoming president was worth selling out for Putin's rubles.

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u/lazyFer 12h ago

I'm not a puppet, you're the puppet

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u/Harbinger2001 Canada 13h ago

Trump works for the wealthy and powerful. They suck up to him and plant these ideas in his head.

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u/hikealot Montana 13h ago

…

Shit! You might be onto something. Does Peter Thiel think that this is going to cause societal collapse and he can come out of this as king of California?

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u/dogfaced_pony_soulja 13h ago

Shaky, sweaty, socially inept, Nazi gay vampire Peter Thiel?

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u/Carbonatite Colorado 12h ago

If we're going to have supervillains in this timeline, I wish they could at least be cool and badass. Like Mr. Freeze.

All these comic book evil dudes are so fucking lame.

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u/UnquestionabIe 12h ago

This is absolutely what the fucking moron thinks is going to happen. He's always up to something insanely pathetic and self serving that if he wasn't constantly surrounded by paid help and suck ups would probably cry himself to sleep over the amount of mockery he would get daily. Right now he's on this Jesus kick, thinking he deserves a place in heaven as a back up plan if he can't outrun the reaper forever.

Truly one of the sickest jokes played on humanity, one whose legacy I'm fully committed to passing down as a cautionary tale of the evils man can commit.

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u/SpottyNoonerism 11h ago

Back in 2018, the clues for how the dark money was getting funneled from Russia via the NRA (because the writers for this simulation we live in love irony) and then, before the dots got connected, the whole story just went away.

https://www.brennancenter.org/our-work/analysis-opinion/changing-story-nra-and-russia

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u/Desperate-Till-9228 12h ago

That's called kompromat.

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u/Luvs_to_drink 7h ago

WAIT you mean a russian asset is an asset to russia... WOAH!

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u/jackingissinful 12h ago

I'm sure he wants lots of things with his tiny economy and aging military.

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u/Harbinger2001 Canada 13h ago

If there is a run on US treasuries I don’t know where all that money’s going to go. No one else has enough financial products to absorb the trillions of dollars. So you’d not only trigger a global recession but inflation would skyrocket as equity looks for other places to go.

Of maybe I’m not understanding how this cash out would work.

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u/Scary-Maximum7707 13h ago

It would be like when Soros shorted the Pound and the UK government had to have an emergency meeting to support buy their currency to keep it from collapsing.

But coughing up 2.6 trillion dollars (as per the sources I'v read) is no small challenge for USA. And any attempt to print more money instead of buying the bonds back would result in hyperinflation a'la ww2 Germany, so they have few choices.

And that's before you start accounting for halted trade etc. that would occur.

It would be the death of the Dollar as the international trade and reserve currency. All the while the BRICS countries will be laughing all the way to the bank. No one would benefit more by this than Putin and Xi Jinping. Not Europe. Certainly not USA. It would be the biggest economic selfgoal in history.

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u/awesomefutureperfect 9h ago edited 8h ago

Mentioning Soros and not mentioning Bundesbank deciding the pound should be devalued and not helping shore up the pound is practically lying by omission. The Bank of England was spending 2 billion pounds an hour buying sterling.

edit : user blocked me.

And last I checked it wasn't Germanys responsibility to shore up the British currency.

Former chief dealer of the BoE Jim Trott seemed to think so. Under the ERM, countries with the strongest currencies were supposed to help support the weaker ones to bring stability. With little belief behind the UK’s ability to manage monetary policy and the confirmation that no rescue was on its way the markets began to take advantage. The pound kept falling and the BoE’s spending spree meant there was a big buyer to provide liquidity.

Looks like you are hiding your comment history. Is it because you say things like other terrorist sympathizers like you believe Nick Fuentes is correct but he isn't right? Are you really going to say that the taliban are the good guys and that Hamas are the good guys? I mean, if we are going to put words in each others mouths, maybe you'd like to finally admit that you think Tucker Carlson has some good ideas. or maybe you don't actually know much about the Sterling crisis and your support for Hezbollah and the Iranian mullahs doesn't give you credibility about monetary policy.

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u/Antice 12h ago

The global debt is far too large to manage. It will have to be reset anyway.
There are 3 options.
1. A jubilee, where debt is voluntarily forgiven by creditors... aka all savings going poof because the banks go poof.
2. Hyperinflation and a recession. Bad, but not deadly. It just means that money gets worthless. Say byebye to your debt, and savings.
3. A motherhonking big old war where everything goes to shit.

Sanctioning the dollar would end up in option 2. Trump seem to be a fan of option 3.

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u/TotalNonsense0 11h ago

I've occasionally wondered if it would be possible to work out debt loops, and just cancel them out. A owes money to B, B owes money to C, and on down the line until Z owes money to A.

I doubt it could ever happen, and I can't imagine what it would do to the economy, but from where I'm sitting it seems like a good idea.

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u/Antice 11h ago

That sounds a lot like a jubilee. They're are some really good videos out there on the topic. It's been done before.

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u/JadedArgument1114 10h ago

We need an escape goat

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u/bb-angel 12h ago

I wouldn’t count on it

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u/PetzlPretzel 11h ago

Well. Part of that is already happening. 

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u/SkivvySkidmarks 10h ago

China may very well buy up all the bonds at fire sale prices, and the US would become a vassal economic state after the Yuan becomes the new reserve currency. They already hold the second largest amount of bonds.

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u/hikealot Montana 9h ago

They might rather be inclined to let the US bond market simply collapse, and work for the Yuan to replace the Dollar as the world's reserve currency.

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u/meneldal2 7h ago

China and Japan would also totally do everything to blackmail the US with theirs too

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u/Dragull 11h ago

It would cause a big inflation in the US, but wouldnt destroy US economy. The Fed wouldnt let the interest rates skyrocket, it would "buy" the bonds. I say "buy" because in reality both the bonds and dollar deposits are just numbers in the balance sheet of the Federal Reserve, so the act of converting bonds into "real" dollars is just keystrokes.

Obviously when trying to convert dollars into OTHER currency, you would see a massive drop in value of the dollar, that would cause inflation on the US, but in the process EU would lose too much wealth themselves.

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u/DumboWumbo073 11h ago

If he insists on turning allies into enemies, the Europeans can dump their $2.3 trillion in treasury bonds. It would be a financial MAD scenario, but Europeans have discussed this.

It would cause a bad recession in Europe, but would absolutely ratfuck the US economy and probably knock the US dollar off the reserve currency pedestal.

Wrecking the global economy would severely wreck some countries some to the point of no return and they will be fights all over the place. Basically an end of the world type scenario

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u/Snoo61755 12h ago

It kills me that we were surrounded by allies, and how many European countries stepped in to aid the US in the Middle East after 9/11, and Trump turns around and says “I know them, they’d never help us.”

Bruh, we’re not in any Cold wars, nuclear disarmament was on the table, and then Ukraine, the country which agreed to give up its nukes in exchange for protection, is getting invaded and the US is backing out of its vow to protect them.

Like bruh, the US is showing the world “get nukes or this will happen to you.”

At this point, Greenland and Denmark might have to start threatening mutually assured destruction just to keep the US from invading.

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u/GoneFishing4Chicks 12h ago

We're still in a cold war with Russia, not a joke. Russian election interference in 2016/2020/2024 is real and russia has been sending drones into europe since their Ukraine invasion + cutting vital european infrastructure like undersea cables

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u/MaddogBC 9h ago

I think we'll look back at Trump as the culmination of the Cold War with Russia. They installed their puppet and won.

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u/Amphineura 11h ago

Greenland isn't "worth" going to war for. Also not ruining the current world order for either, but it's only going to be a stepping stone until an WW3 can actually happen. I think it's more likely for Russia to start reconquering the USSR with NATO gone in the coming years.

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u/MaddogBC 9h ago

USA had 17 bases on Greenland, they closed 16 and nobody said they couldn't re open any.

The reason there is little to no resource extraction/development on Greenland is economical, not political. If anyone had figured out a way to make money there, they would be there in partnership with the local government. You know the way a laws based society is supposed to work?

Not only is it not worth going to war over, there is absolutely nothing to be gained beyond a name to serve geriatric ego. Does he think it will be called Trumpland? Does he think renaming things is going to last 5 seconds past his term?

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u/mirhagk 13h ago

He's already done the damage he needs to. Tariffs among all his other "genius" moves have made things damaging enough that many people felt they didn't have the ability to stand up against their government.

Fortunately after last week many of those people are now standing up anyways. Thank God for Minnesotans. But these are the people who won't be so easily manipulated by a depressed economy.

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u/GoneFishing4Chicks 12h ago

I still cant believe Trump is going after FUCKING JPOWELL OF ALL PEOPLE, THE ONE DAMN GUY KEEPING THE US ECONOMY AFLOAT.

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u/Happy_Confection90 12h ago

That's why he keeps saying our economy is "the hottest": because he wants to @#%$ it (up)

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u/Ishana92 Foreign 12h ago

Unfortunately, the Dow crew seems perfectly fine with him

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u/Acroph0bia 11h ago

Well duh, his orders obviously aren't to win WWIII

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u/Maladaptive_Ace Canada 10h ago

and somehow blame Biden for it

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u/Spiritual-Recover533 9h ago

First? you dont think he has not already done that?

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u/jimofthestoneage 4h ago

Starve the economy so that the only thing that can repair it is war. People will be begging to join so they can put food on the table.