The US will be able to keep issuing as much debt as they like as long as the Dollar is the global reserve currency. Its when that stops being the case they'll be in trouble with hyperinflation being the most likely outcome.
The US will keep issuing debt as long as people are willing to buy its debt at a reasonably low price. Which people keep doing.
For a long time that was because people were justifiably convinced that the US would honor those debts, which it could do because it kept producing even more stuff every year, and would never even think about threatening to default. Here in 2026 I cannot imagine why they are continuing to, except inertia.
> in 2026 I cannot imagine why they are continuing to, except inertia.
Because there is no where else for that debt to go. No one else wants to take on so much debt.
Meanwhile there are a bunch of asset managers who are paying the mortgage on their beach home in the Caribbean with the bonuses they earn by investing in US debt. If the US defaults on that debt 10 tears from now that means they still earned 9 years of million dollar salaries, and anyways they won’t be blamed for something the entire industry suffered from at that point.
If they do the prudent thing and ask for a higher price they will end up investing fewer dollars which reduces their 2% commission on invested capital, money that might go to their international equity golfing buddy instead.
Entities where the money is managed by the investor itself (for example, foreign national governments) do indeed appear to be cutting back.
Because everyone has a lot of dollars and they need to earn a return, so its either the Eurodollar market or US debt. US debt is safer. But its true to say that people are more and more reluctant to buy longer dated bonds and are turning to shorter and shorter maturities which is another problem for the US government.
And that's the interesting question - how long will the dollar remain the global reserve currency? Apparently the recent spike in Gold prices is partly because of de-dollarisation:
Or move it to Canada. One of the advantages of the US was that it was far from Europe and safe in case of invasion or war. The US clearly cant be trusted anymore , but Canada can, and it also across the atlantic.
An invasion from who? I agree with you that Canada couldn't defend against an invasion from the US, but I also don't think that any country without nuclear weapons could defend against an invasion from the US. But I think that Canada could probably defend itself from an invasion from most other countries—the Canadian military is generally competent, and NATO and NORAD would almost certainly offer assistance.
Even then, who would want to invade Canada? Despite the recent political blustering, it seems incredibly unlikely that the US would invade Canada, and the only other plausible invader that I can think of right now is Russia, but their military isn't doing very well at all right now.
If the threat model is "the US goes rogue and does crazy stuff", Canada is a prime risk of suffering from such madness, so moving your resources there doesn't really change anything.
Agreed, but I'd argue that there's a big difference between the US making it difficult to access gold reserves stored there and invading/blockading Canada to the point where gold reserves stored there are unusable. The first seems unlikely but possible, while the second seems almost unimaginable, and even if the second does happen, I'd be more concerned about access to food/medicine than access to gold reserves.
(Although I'm Canadian, so this may perhaps just be wishful thinking on my part)
It's not going to be replaced any time soon, there's no realistic replacement at the moment, but there is a slow movement away from it. We've already seen a stampede into gold from central banks. And pimco have said they're going to relocate funds out of dollar debt.
After the nonsense with Greenland no one really wants to give anymore financial power to the US so we'll see more assets kept in local currency or different reserves currencies like the Euro, Yen, Sterling, or ChF.
> The roles of a sovereign vary from monarch, ruler or head of state to head of municipal government or head of a chivalric order. As a result, the word sovereignty has more recently also come to mean independence or autonomy.
You can just buy them off AliExpress, I've got myself a 3A6000 board from there - it's an interesting machine, feels much like a (UEFI) PC and is sure faster than any readily available ARM SBC, about the level of Zen1 I'd say.
Labour have dropped to 17% because their left wing has moved to the greens, Libdems and nationalists. Reform support has stopped growing at 25% and that's mainly Tories moving across. The only people that harp on about "two tier Keir" are the extreme right wing loonies.
Absolutely. Labour betrayed their core voters, who are looking for something else, but won't touch Reform UK because they're even more disgusting than the current right-wing Labour-in-name-only government.
It's always been like this. From the official secrets act where they could jail you just for revealing the date of the office Christmas party to D notices suppressing newspapers from publish stories the government thought were to sensitive. MI5 and MI6 acting totally without accountability, with the government not even acknowledging their existence. If anything, things have started to get more transparent now, with a freedom of information act, actual oversight and accountability for the intelligence services and less government. But the default position of the UK government has always been secrecy and the right to do what they want to protect the country.
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