The Way Forward
Related: About this forumpost trump, there will be no money and the nations credit will be "junk"
the crypto reserve will be worthless and ft knox may well be empty or replaced with painted wood.
we are all going to have to live through a few cold winters until an economy can begin to recover.
there will be plenty of dead enders left, and scores of billionaires demanding their contracts be met.
third world countries have depended on USAID during their kleptocratic episodes, but that won't work anymore.
i don't think pitting social security vs snap vs other interests will ever solve the problem.
how do you propose we begin? i can't help but se haiti as our best example, but we really need a better idea.
some form of socialism, will be necessary or we will all be "eating the cats eating the dogs" and worse.
CincyDem
(7,286 posts)The world trusted us. They trusted our legal system, our financial system, the peaceful transition of power...all that.
Trump and MAGA have turned that on it's head and most of the time...when people trust you and you f'ck 'em...they never trust you again.
rampartd
(3,101 posts)wall st least of all.
this is the dumbest thing a democracy has ever done to itself.
CrispyQ
(40,458 posts)I hadn't thought of it that way.
questionseverything
(11,487 posts)elleng
(141,597 posts)and Treasury and will work hard and honestly and AND FIX it AGAIN!
lapfog_1
(31,441 posts)is only worth a little over 600 Billion and represents about 1/2 of the total US Treasury gold reserve... or $1.2 Trillion.
Something like 3 x the net worth of Elon Musk. That is, IF you could sell it at the current spot market price.
crypto... no idea what it is worth, if anything, after a severe market crash.
rampartd
(3,101 posts)but trump has many of the obsessions of 007 villains, including the obsession with gold.
Metaphorical
(2,566 posts)* First, I expect that we will tax the hell out of everyone with net worth above $100M, and we will end up both ending tax loopholes and shelters and seizing assets like yachts, aircraft and mansions.
* I think the tech bros will discover that there is NO appetite to backstop companies like OpenAI or nVidia, not without stringent safeguards and more or less complete control over profits.
* My guess is that a lot of the old guard from both sides of the aisle are going to be swept away, and with it, a lot of the current graft and corruption.
* The US WILL re-evaluate a great number of contracts in the wake of Trump, will likely cancel those that are money pits (tech, defense, healthcare that amounts to corporate socialism, and so forth).
* The Supreme Court is extended to 15 judges, and term limits are put into place (via amendment if necessary) for how long they can serve and how old they can be.
* We hold a Constitutional Convention. It's WAY overdue. There are structural problems that this country has, and it's time for us to address them.
Remember that Trump only has power so long as people do not fight him, and I think people have had enough of his incompetence, his kleptomancy, his cruelty and his low moral character. The problem he faces right now is that he's losing legitimacy, and with it his ability to steal will be severely compromised.
Finally, this country has a lot of advantages - natural wealth, a diverse population, defensibility and entrepreneurial spirit. We made the mistake of thinking that we were superior because of it. I do wonder at times if it isn't time to break up into a looser confederacy - we have states and regions that have more vibrant economies than many countries. However, we will SURVIVE Trump.
NBachers
(19,055 posts)murielm99
(32,509 posts)Our credit rating was just a cut above junk. We have had ten credit upgrades since we got rid of the repiggies and elected the wonderful Pritzker. Pritzker pays the bills and does not fool around. We have a Democratic supermajority in Springfield, and they do not fool around either. I hope for something like this for the whole country. We will elect the right Democrat to serve as President. We will have a Democratic supermajority in Congress. Like Pritzker and the Illinois Democrats, they will get shit done. It won't happen overnight. I may not see it in my lifetime, but I will see the beginnings.
On edit: Pritzker told trump to "fuck all the way off." He is a wonderful governor!