Comment on Why isn't the rest of the world doing anything about the USA?
1984@lemmy.today 5 months ago
Because they are too powerful as an enemy. If they were the size of denmark, they wouldnt get away with anything.
The entire economy of the western world is also extreamly connected to the US. Our pension funds invest in their tech stocks, our financial systems use the dollar… And a lot more things that i dont even know.
America is pretty much running the western world. Like it or not. :/
Its not just the Western world.
America defined the new world order after world war 2.
They accrued 75% of the worlds golds reserves selling weapons to allies during WW2.
This allowed them to peg the dollar to gold under the Breton Woods system, allowing their currency to become the global reserve currency.
The rest is history.
Yeah.
I have mixed feelings about it. How would the world look if it was China or Russia that managed to do that? How would Europe look?
I mean, maybe better but I have so much western propaganda in me, that i cant judge how Russia or China would be.
How is it that China is not peaceful man?
I honestly dont know much about what they do these days. Maybe they are peaceful now.
boonhet@sopuli.xyz 5 months ago
Yup. I changed my fund to one that has as few US stocks as possible this spring. All the sensible ones are ones that contain different index ETFs, so I went one with as little S&P500 exposure as possible.
But this is just me and my five digits worth of euros. I can’t convince a meaningful amount of people to switch. If a million people did the same, it would be tens of billions in US stocks liquidated. It would be beautiful.
1984@lemmy.today 5 months ago
I actually dont think its gonna crash. People here disagree, but im used to that. Still think it wont.
boonhet@sopuli.xyz 5 months ago
Well the AI bubble might collapse. But I don’t envision a run on the stock market like the one that started the great depression either.