US President Donald Trump’s abduction of Venezuelan President Nicolas Maduro on January 3 has emboldened him to proceed with the annexation of Greenland, a Danish-owned, self-governed territory, spelling the effective end of NATO and furthering Russia’s war aims in Ukraine, experts tell Al Jazeera.
“The move on Venezuela illustrates the Trump administration’s determination to dominate the Western Hemisphere – of which Greenland geographically is a part,” said Anna Wieslander, Northern Europe director for the Atlantic Council, a think tank.
“If the United States decides to attack another NATO country, then everything would stop – that includes NATO and therefore post-World War II security,” Frederiksen said.
“The pandering to Trump has been an element of our strategy over the last year, leaving observers hoping, but not entirely trusting, that another element of the strategy is preparing urgently for the final rupture with the United States,” Giles said.
Giles told Al Jazeera that Europe’s best option was to place a military deterrent on Greenland now, believing that putting allied troops in the Baltic States and Poland after 2017 deterred a Russian attack there.
Not cancelling, selling.
A dollar bill is debt that the govt owes to you. A bond is similar, just a bit different.
The US will still owe, just to different entities, but its figurative credit score will plummet at the same time it’s in a debt spiral.
But let’s make it simpler. Most of the world’s USD is not in the US, but in cash reserves abroad. They hold it like gold.
What happens if the big players sell? It’s already happening a bit, look at EURUSD and gold prices.
Yes. This is Trumps goal. Make foreign goods super expensive for consumers and manufacturers. Exactly what a Tariff does.
They are isolationists. They don’t want debt held overseas.
This would make all goods more expensive, as it would directly devalue the USD. It wouldn’t make people buy local, it would just make them buy less.
It’s not what a tariff does, because that only applies to foreign imports.
Under both, local products become cheaper than foreign.
Not really. If the USD loses value, your neighbour will sell their goods to me for EUR because it will be worth more.
It will be like everyone in the US got a pay cut. It’s a demand side effect, not like a tariff, and it’s uniform, not like a tariff.
It’s inflation after all.