It might. I wouldn't count it as a surprise if the world ended in a nuclear fire that the US lit. But I also don't see it as a foregone conclusion. We ARE going to face civilization-ending climate change effects. We're not getting around that. But remember capital can escape for more fertile pastures before just outright dying. As dedollarization sweeps the globe, we just might have attempts at capital flight out of the US before the US actually dies. I don't know, no crystal ball, but the US might end up whimpering a lot more than it actually throws a tantrum that takes down the rest of the world. Whatever the case though, TRPF is at it's limits and we're going to see some shit in the coming years.
The historical remedy to that has historically been massive conventional warfare to destroy fixed capital, so a falling rate could encourage the US to lash out.
It might. I wouldn't count it as a surprise if the world ended in a nuclear fire that the US lit. But I also don't see it as a foregone conclusion. We ARE going to face civilization-ending climate change effects. We're not getting around that. But remember capital can escape for more fertile pastures before just outright dying. As dedollarization sweeps the globe, we just might have attempts at capital flight out of the US before the US actually dies. I don't know, no crystal ball, but the US might end up whimpering a lot more than it actually throws a tantrum that takes down the rest of the world. Whatever the case though, TRPF is at it's limits and we're going to see some shit in the coming years.
The historical remedy to that has historically been massive conventional warfare to destroy fixed capital, so a falling rate could encourage the US to lash out.