Can the US go bankrupt?
From
Joseph Pereira@1:124/5016 to
All on Tuesday, May 13, 2025 07:03:43
Normally, countries cannot go bankrupt; after all, they can raise taxes and reduce spending.
However, there are certain times when they don't want to do that. For example, in times of war. We are seeing that now in Russia. That country is putting itself in a situation where it will effectively go bankrupt, and then, when the chaos is complete, tough decisions will be made, possibly including a forced end to the war to rebuild the country.
In the US, there is another possible reason. There, there is a stubborn president who, with the support of his team, is straying very far down the wrong economic path, so far that the markets might say, 'We won't stand for this anymore.' The markets will then crash, and the end result will be the same. The state will be bankrupt, and a new state will have to emerge from the shards. That could be the old democracy, but it could just as easily become a dictatorship that will try to establish a regime on the ruins of what the US once was, with an iron fist and a much smaller economy. A disastrous scenario for the US, but also for the world, because to this day, the US is still the linchpin of global trade. Trump is now doing everything he can to destroy that, but he himself doesn't realize that this is the case.
Will he come to his senses himself, will his government team members force him to see reason, or will the market intervene? The latter is a drastic measure with the greatest impact, and for the time being, that seems the most logical course of events, because the Republicans are still not intervening. The bigger the problems, the greater the chance that the market will intervene, resulting in a stock market crash and a total collapse of the American economy.
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