From White House to shite house
The constant cosying-up of the criminally corrupt Trump regime to the corruptly criminal Putin regime is constantly played down in official media, but European intelligence agencies and therefore European governments have a much clearer picture of what is really going on. They also have a much clearer picture of the growing dissident movement in the GOP itself, which is daily gaining strength from a badly aging and increasingly unpopular Trump.
Now there are reports that Europe will simply not accept Trump's moves to compromise Ukrainian and European security, and is prepared, in the ultimate case of a sordid Trump-Putin deal that carves up Ukraine in exchange for "business concessions" for the Trump Crime Family, to threaten the US economy with a massive "debt bomb."
So, what exactly is being threatened? So far, there is not much out in the public realm, but it is clear that several major news organisations have already acquired details of the European countermeasures and are sitting on them.
Some sense of what is going on can be gleamed from this recent story in the Daily Express which refers to the Wall Street Journal:
"European leaders are considering dumping $2.34 trillion in US debt if Trump abandons Ukraine, potentially triggering an economic crisis worse than 2008. [...]Insiders informed the Wall Street Journal that European leaders are weighing severe countermeasures in response, calculated to trigger economic turmoil across the United States. The proposed strategy includes liquidating trillions in American government bonds held by European governments [...]
The political fallout could be catastrophic for Trump and the Republicans as the midterm elections loom next year.
The WSJ has yet to mention these countermeasures, elsewhere described metaphorically as a “nuclear option,” in their public reporting, but the Express story is at least confirmation that the WSJ and thus the US political establishment now have a degree of awareness of them. As a result, such countermeasures are now an important piece on the political chessboard.
The likelihood of Europe taking this path is still extremely low, but the point of "nuclear options" like this is deterrence and to embolden elite opposition to the rampant corruption of the Trump regime.
With Trump aging day-by-day before our eyes and with his approval rate hitting 35% in some polls, we are already living in a post-Trump world.
The key point for Europe is to keep Trump locked in his trajectory of failure with American voters until the GOP can build up enough courage, moral outrage, or "informed" self interest to rein him in or even depose him in an internal party coup. Needless to say, "informed" self interest will be the strongest motivator in any such development.
The key point for Europe is to keep Trump locked in his trajectory of failure with American voters until the GOP can build up enough courage, moral outrage, or "informed" self interest to rein him in or even depose him in an internal party coup. Needless to say, "informed" self interest will be the strongest motivator in any such development.
With most Republicans now extremely worried about their electoral prospects, the notion that any Trump-Putin "Crime n' Peace" deal could lead to economic chaos rather than opportunities, should embolden some of the cowards in the GOP to get off their well-worn knees long enough to stick a knife in Trump's bloated back. The European "debt bomb" plan is meant to give them a little extra courage.
As of December 2024, the United Kingdom holds an estimated $722.7 billion in US debt and the European Union member countries an estimated $1.62 trillion. This $2.34 trillion in debt is the whip hand that Europe has over America if it chooses to use it or just to threaten to do so.
The bottom line here is that US elites have more to lose from deteriorating relations with Europe than improving relations with the Kremlin Crime State. They may need a little reminding of that point.
The bottom line here is that US elites have more to lose from deteriorating relations with Europe than improving relations with the Kremlin Crime State. They may need a little reminding of that point.
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Colin Liddell is the Chief Editor of Neokrat and the author of Interviews & Obituaries, a collection of encounters with the dead and the famous. Support his work by buying his book here (USA), here (UK), and here (Australia), or by taking out a paid subscription on his Substack.
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