This is probably really big news.
Erik Kain
Erik writes about video games at Forbes and politics at Mother Jones. He's the contributor of The League though he hasn't written much here lately. He can be found occasionally composing 140 character cultural analysis on Twitter.
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on Group Activity The Full, Unedited Trump, Zelenskyy, and Vance VideoSome people may be confused about Jaybird's stupid conspiracy theory that the Ukrainian president is…
on Open Mic for the week of 3/3/2025Trump’s revenge tour continues by crippling California water districts https://www.sfgate.com/news/a… on Open Mic for the week of 3/3/2025https://www.nytimes.com/2025/03/03/business/economy/trump-tariffs-china-mexico-canada.html While the…
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on Group Activity The Full, Unedited Trump, Zelenskyy, and Vance VideoI don't think that comparison is fair to Chamberlain. He had legitimate concerns that the British Em… on Open Mic for the week of 3/3/2025Ever the optimist I see. This isn't Trump's first term. He is determined to be a dictator and seriou…
on Group Activity The Full, Unedited Trump, Zelenskyy, and Vance VideoWe have the chess club and the football players, versus the yearbook staff and the theater kids. The… on Open Mic for the week of 3/3/2025Perhaps they will- their own electorates will likely become increasingly unfriendly to the kowtowing…
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I think “that’s all folks” is probably more accurate a headline…
Seems like China’s getting ready to dump its foreign currency reserves, and this is the first step.Report
Turn the lights out, the parties over. Maybe the CAD will finally reach its value.Report
Not sure whether it will actually get anywhere – the article also mentioned the Gulf States trying to set up some new currency like the Euro which would be one of the ones in the “currency basket” replacing the USD, and it takes a lot of time and negotiation to set up a unified currency like that if the Euro’s any example.Report
Is there any question that this will eventually happen, though? It shouldn’t be a shock. I’m not very well educated about economics, so I wonder: what sort of preparation should the US be doing for when this will happen?Report
Well if China starts dumping their US dollar reserve expect the trade deficit to decrease a lot.
Obviously this is due to the weakened financial state of the US from the last eight years of Democratic fiscal madness… wait…
Can we finally put the last shovel full of dirt on the myth of the Republicans being the party of fiscal responsability?Report