The EUR absolutelly is - the EU is a big stable open economy with large Financial Markets a freely trading currency and deep Treasuries markets.

It’s not by chance that over the last 2 decades mainly the EUR has taken a bigger and bigger slice of foreign exchange reserves away from the USD, with by 2025 the EUR being roughly 1/3 the amount of USD reserves (see here).

(That said, looking at that data, the EUR and USD foreign currency reserves have barelly moved since 2017)

Agree on the RNB not being ready - China’s currency isn’t freely traded and neither are their treasuries, and access to mainland Financial Markets is highly restricted. That’s reflected on the above mentioned foreign exchange reserves where the RNB is but 1/10 of the EUR reserves.

The end of the USD Reserve status is going to cause an absolute shitload of harm in the US (at the very least, huge inflation) but how much damage is it really going to cause elsewhere?

The US isn’t a keystone nation in most manufacturing processes anymore, nor does it produce anything that nobody else does: Modern day America mainly exports Social Media and enshittification. Even things like cloud services are provided by datacenters all over the World with the ones based in North America serving North America.

The greatest value of the US for the rest of the World is as a big consumer market for their exports, not as an essential provider of anything which is physically bound to it.

Absolutelly, there would be damage, especially for any nation left holding US Treasuries to the end (especially in the worst scenario of a US default), but “absolute shitload of harm” outside the US, that doesn’t seem likely: if the US magically dissapeared today a bunch of multinational companies would see their Revenues fall maybe 15% but otherwise things would just keep on working because very little the US makes is key.

Granted, countries for which the US is a disproportionatelly high export market like Canada and Mexico would suffer a lot economically, plus Israel would collapse without America’s propping up, but beyond that …

That really depends on whether or not there is a tipping point were an exit from the USD becomes a positive feedback cycle were states ditching it cause more states to do so (which is probable, IMHO), and if so how far we are from it.

I don’t think we know enough to be able to say that there’s no such tipping point or we’re far from it and, similarly, we can’t really say there is for certain such a tipping point and this action by the UAE would be enough to reach it.

All we do know is that over the last 2 decades the USD has decreasing as a fraction of foreign 1currency reserves in most of the World.

Should’ve figured out long ago from what repeatedly happened to the Kurds that America doesn’t give a shit about any they call “allies” other than Israel, especially Trump’s America.

It’s even better: it’s supposedly the same mythical being, but one side thinks Jesus was Their last messenger and is even Their son, whilst the other disagrees.

They’re fighting about who was and what was the nature of the last spokesperson from their mythical being.

They’re furious that the White Jewish Supremacists are also racist against White non-Jews rather than only against non-Whites.

In all fairness, “This is false, Trump is lying” is by far the most likely thing when he says anything that makes him look better (or at least less bad).

IMHO the most likely scenarion is that Trump was played by Netanyahu, later figured it out or was told that he had been played and now is lying about not having been played in the first place.

Keir Starmer will go down in History as a supporter of XXI century Nazis and their Holocaust.

Next to Starmer doing anything and everything in the service of ultra-racist Fascists actively committing a Genocide that’s becoming a modern version of the Holocaust, Chamberlain just looks like somebody who made a minor mistake.

PArTY A GoOd oNLy DOeS gOOd, pARty B evIL OnLY dOEs bAd.

(Switch A and B around for the other group of tribalist simpletons)

The Democrat Party in the US is not anti-Fascism as their support for Zionism and plenty of other Fascist ideologie abroad as well as their unwillingness to stand fast against Trump shows.

The situation in the US is akin to a decades long one-two tactic being played by two of the same team (team Oligarch) on their way to score for them and against everybody else, which has NOTHING AT ALL to do with anything in Europe, except for what’s going on in Britain.

His is entirelly a “some of you might suffer and I’m willing to make that sacrifice” perspective, and he and his family have surelly made more than enough money frontrunning his proclamations to cover any costs he has from higher fuel price rises, so he is alright.

I’m wondering if the final collapse of an Empire being triggered by going into a war they cannot win which accelerates their Economic and social collapse, to serve the wishes of a much, much smaller country, is actually Historically unique.

Sure, getting some populist leader who then proceeds to mismanage everything and ends up doing some stupid shit with massive consequences that final torpedoes the once imperial nation down, is pretty common in History, but doing said “stupid shit” to serve the interests of a much smaller and weaker nation might actually make this unique.

Doubling down on stupid doesn’t make it more likely that others will follow, not even America’s poodle.

My point isn’t that there isn’t a Far Right in Europe or that it’s small, it’s that most of the Far Right dog-whistles from America don’t work in Europe.

Present day Europeans rarelly care about all the “God talk”, they don’t overly care about Homosexuality or Transsexuality and they certainly don’t think America is a Great Nation.

Absolutelly, the anti-immigration discourse goes down really well here (in fact, it’s the core of the Far-Right ideology in Europe), but beyond that what exactly is the part of the American Far-Right discourse which would make Europeans be more interested in that side of politics beyond what the Far-Right discourse of the local politicians already does.

IMHO, the biggest impact of America on the Far-Right in Europe is the money they give to the Far Right in Europe rather than an ideological foundation.

Recent polls showed support from more than 70% of Israelis for what Israel was doing in Gaza.

Also open Islamophobia and Racism against Palestinians and Arabs in general is widepread in Israel, including almost all of their Press.

They’re a White Jewish Supremacist state (as can be seen by their treatment of Black Jews who moved there from Ethiopia) with many decades of continuous indoctrination about how superior they are to everybody else (including White Christians, by the way) and how the people whose land they’re stealing are inferior, violent and even “vermin”.

Unlike NAZIs in Germany, Zionists in Israel weren’t stopped in the 1940s, so unlike the former this ethno-Fascist ideology has continued indoctrinating the population since the 40s and their “Western values”, unlike in Europe and even the US, are still mainly the white colonialism of the end of the 19th century.

By this point Israel needs the equivalent of the denazification done in NAZI Germany, only better done, or to disintegrate as a nation with the entire territory of Palestine becoming a multi-cultural multi-faith nation in its own right.

I’ve lived in a couple of countries in Europe and in my experience the American style of Far Right doesn’t really go down well around here, not even in Britain (though that seems to be changing with all the transphobia popping up over there nowadays).

Certainly American Nationalism isn’t welcome and the (pseudo-)religious crap doesn’t land well here either nowadays (it’s funny how in the XXI century the US is the closest to a Theocracy of all Western nations whilst in the rest religiouness has been seriously dampened by Universal Education).

Only the anti-immigration talk goes does well with supporters of the local Far-Right around here.

Further, I suspect that the side-effects of America’s and Israel’s attack on Iran are switching people of from Islamophobia - except perhaps in the UK the local Press just isn’t anywhere as unified in using Manufacturing Consent techniques to spin America and Israel as the good guys fighting the evil “Regime” in Iran, so people seem to be blaming America and Israel for all this shit rather than Iran.

Last but no least, there’s not really any MAGA over here, so from hearing and seeing him talk on TV people have an almost universal opinion of Trump as a disgusting liar because he’s constantly and very obviously contradicting himself and his body language just shouts sleazy asshole and for people without the mindset of constantly coming up with excuses for him of the True Believer, Trump just looks like a slimy shity loudmoth.

First things, first: Congratulations to all Hungarians!

As for the rest of Europe, does this mean the other Russian agent, Fico, won’t have anybody covering his back in the EU anymore?

What’s next: America blowing up its own bases in the Middle East? Killing its own soldiers? Crashing its own planes?

He would me more successful in trying to proclaiming reality into being if he said he was considering getting a pony.

“If you’re not one of us, you must be one of ‘them’”

– Tribalist simpletons all over