Donald Trump’s desire to annex Greenland will not be thwarted and there could be meaningful U.S. action related to the Arctic island within “weeks or months,” according to a senior administration official.
That’s the view of Thomas Dans, Trump’s Arctic commissioner. He’s regarded as one of the main proponents of the president’s interest in Greenland, an idea first brought to Trump by billionaire and former diplomat Ronald Lauder.
Dans has been working on the issue since 2020.
He’s not suggesting other countries save our own country, he’s suggesting they stand up for themselves and impose consequences on the regime in a way we haven’t been willing to. And it wouldn’t really take fighting. Dumping treasury bonds and ending use of the dollar in trade and as a reserve currency would be devastating. The US is 40 trillion in debt with a huge trade deficit. We’re deeply vulnerable.
I’ve read that the S.O.P. in such situations is for the country in question to simply default on all debt, then there is an accounting-adjustment, then the establishment moves-on, with some restructuring of who owns what, but it doesn’t break countries to just decide they’re not paying debts.
Especially when those countries are more central.
Sure, it might bankrupt many, but … who cares? Money doesn’t.
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