|
· Föderation EN Mo 17.02.2025 13:26:11 Americans do not realise that the world economy entails more than iPhones and cars - much of it consists of money. Lots and lots of money. And guess what the EU (and the rest of Europe) has a lot of? Imagine the shockwaves once the Norwegian pension fund starts to treat the US as the pariah that it is. That's the largest wealth fund in the world, over $1.7 trillion, owning 1.5% of all publicly listed shares in the world (!). Americans have no idea what's about to hit them. |
|
Föderation EN Mo 17.02.2025 15:17:13 @thomholwerda 'Oh,Word' fuck yeah take your #Money |
|
Föderation EN Mo 17.02.2025 15:20:25 @thomholwerda If the rest of the world which follows the Basel regime for banking capital, treats the US in line with it's rules, once they pull out, US banks will not be able to borrow at vaguely normal interest rates on the interntational markets. The mechanism is to downgrade 'non-equivalent' regimes such that a lot more capital has to be held against loans to their banks. That just equates directly to higher cost (ie interest rates). The question is whether that will be enforced. |
|
Föderation EN Mo 17.02.2025 15:20:42 @thomholwerda Sadly, we're in the minority. The majority fucking well deserves what is coming to them. |
|
Föderation EN Mo 17.02.2025 15:33:49 @n1xnx @thomholwerda A year? I've been shouting since at least Bush vs Gore. This sucks. |
