https://www.theguardian.com/commentisfree/2026/apr/02/iran-war-expenses-cuts-america-power-dollarization; https://www.theguardian.com/commentisfree/2026/apr/01/inflationary-shock-pay-the-price-uk-energy-crisis-us-iran-war.
-
https://www.theguardian.com/commentisfree/2026/apr/02/iran-war-expenses-cuts-america-power-dollarization; https://www.theguardian.com/commentisfree/2026/apr/01/inflationary-shock-pay-the-price-uk-energy-crisis-us-iran-war. "The upshot for #Americans is that this country will be less powerful globally. The ability to apply #financial #sanctions only works if you control the levers of international #finance... Our #borrowing #costs will also go up as #demand for the #dollar diminishes - which means higher #prices... In the longer term it may also mean #austerity - if we can’t borrow to finance #spending... we’ll have to cut expenses to balance #budgets."
-
https://www.theguardian.com/commentisfree/2026/apr/02/iran-war-expenses-cuts-america-power-dollarization; https://www.theguardian.com/commentisfree/2026/apr/01/inflationary-shock-pay-the-price-uk-energy-crisis-us-iran-war. "The upshot for #Americans is that this country will be less powerful globally. The ability to apply #financial #sanctions only works if you control the levers of international #finance... Our #borrowing #costs will also go up as #demand for the #dollar diminishes - which means higher #prices... In the longer term it may also mean #austerity - if we can’t borrow to finance #spending... we’ll have to cut expenses to balance #budgets."
@rmblaber1956 really makes you think about the long-term importance of building resilient, decentralized financial systems.
-
R relay@relay.mycrowd.ca shared this topic
