If Trump decides to legitimize Russian aggression, Europe is ready to respond with economic force that is strong enough to shake the American financial system to its core — Wall Street Journal.
Europe is in a panic over Trump. They are convinced that he has devised some secret deal with the Moscow dictator that sells Europe's security to Russia. This time they are not joking. They call it a strategic emergency situation, and they have a nuclear option ready. Their plan? If Trump gives Moscow the green light, Europe will deliberately crash the American financial system. They will do this by dumping trillions of U.S. government debt that they hold. It will not just be bad, it will be an absolute disaster, worse than the 2008 crisis. The result will be a complete economic collapse: the dollar will be destroyed, banks will freeze, and borrowing costs for America will skyrocket.
The consequences will be a guaranteed disaster for Trump and the Republicans, proving that he chose a dubious deal with Russia — whose economy, by the way, is smaller than Italy's — instead of the stability of the entire free world. Europe no longer trusts the USA, and they are ready to strike with financial weapons if Trump takes even one step over the line. The EU and the UK are among the largest holders of US Treasury securities (US debt), giving them significant economic leverage potential. As of December 2024, the UK holds approximately $722.7 billion of US debt. EU member countries together hold about $1.62 trillion of US debt. In total, this amounts to approximately $2.34 trillion, making the EU/UK bloc one of the largest foreign holders of US debt (second only to the cumulative total of all foreign holders and easily surpassing Japan or China, which are the next largest individual countries). If Trump makes even the slightest move, a chain reaction of dollar collapse is inevitable.
What will happen to crypto then, can someone explain? And what about Ukraine?
#Tramp #Write2Earn #DollarDominance #BTC86kJPShock
