Post #2832730

@It_is_me@mastodon.social The challenge with being taken down a notch is the effect it's going to have on the general population. As mentioned @mce@cosocial.ca all of this soft power has been paid for in a coin whose value is potentially going to drop dramatically. For wealthy people, this means that the numbers change, but they still notionally own the stuff underneath. Like, if you own 25 houses, and the currency value drops by half, well you still own 25 houses. Sure, the numerical value of those houses may be down, but they're still houses and you own them. To typical people, their biggest asset is the next paycheck. If the value of the dollar drops significantly, that means that the paycheck buys way less stuff. Most Americans are already underwater on basic life expenses. A significant enough inflationary shock literally puts people into survival mode. This becomes millions dying and mass displacement and civil unrest. In the most armed country in the history of the world. I would not play that down.