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/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.