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The $17 Trillion Pivot: How the US Seizure of Venezuela Just Rewrote the Global Order. The Cold Math of Dominance: How controlling $17 trillion in reserves checkmates Iran, secures the Petrodollar, and turns a failed state into America's ultimate strategic asset.
https://sylvainsaurel.substack.com/p/the-17-trillion-pivot-how-the-us

https://redd.it/1q3j14u
@r_econ
Are we headed towards a financial crisis, in the next few years?

According to Economist:

When Lehman went bust, its failure caused some $10trn in global equity losses within weeks. It’s impossible to know what will be the spark that sets off the next conflagration. A sudden consensus that ai won’t live up to expectations? A massive corporate fraud? Something else entirely? What’s clear is that, once the blaze begins, plenty of kindling will help it spread—thanks to Wall Street’s obsession with bonuses, hidden illiquidity, mismatched books and unregulated markets.

According to fool49:

So with bad incentives for financial professionals and financial deregulation, we may be headed towards a financial crisis. As stock and mutual funds and other financial assets ownership has.gone up, a lot more people will be impacted negatively by a crash in the markets. Also other problems like rising debt, volatile cryptocurrency, and illiquid private investment. And don't forget the elephant in the room. The so called AI bubble.

To me the other problems are much more serious, than an over investment and stretched valuations in AI. I wouldn't be surprised by a market crash of over 20%.

Reference: Economist

https://redd.it/1q3nouc
@r_econ
We have money to run Venezuela and to bail out Argentina, but not to keep affordable healthcare?

Who in their right mind thanks that running Venezuela will be free, let alone morally justifiable? We spent trillions of dollars and many thousands of American lives in Iraq and Afghanistan to no benefit. What makes us think Venezuela will be any different? And, unlike the occupations of Iraq and Afghanistan, which were approved by Congress and NATO allies, this Venezuela boondoggle breaks every law of the land.

The US blew up boats all along the coasts of South America, then murdering helpless survivors in the water. This puts us in company with tyrants, killers and pirates.

Meanwhile, we just cancelled healthcare subsidies for low-wage American workers.

Disgusting. Is this who we are now?

https://redd.it/1q404ih
@r_econ
Compound effect must go nuts at this point
https://redd.it/1q43jd9
@r_econ
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Brazil is trading with China in their own currencies and eventually the U.S. can’t sanction people

https://redd.it/1q4650f
@r_econ
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He’s not going to reduce the cost of anything and is only raising our cost of living and increasing the debt ceiling

https://redd.it/1q4c04h
@r_econ