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Almost half of all Americans fear a ‘total economic collapse’ in the next 10 years, new poll shows
(www.independent.co.uk)
this post was submitted on 19 Mar 2026
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politics
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Most likely outcome of Iran war, whether or not victory declared, is that GCC will move towards Iran/China orbit and oil trade in BRICS currencies, with defense from Israel as common defensive alliance. https://lemmy.ca/post/62097698
Either the $200B giveaway to military and "allies" bankrupts the US, or losing middle east hegemony does, along with the massive GCC financialization support of US economy. All US allies except Canada rely on gulf more than the US, and US's Israel only protection focus, means "US friendship" is a liability if not worthless.
Like b43's GFC, Trump's covid response disaster (including intentional policy to make covid worse in blue cities), Republicans destroy economy every time. There is a limited capacity, or number of times, to bail out the system and maintain credibility.
I would pick under 10 years, even though the US is very good at extending collapse. The end will be visible soon, even though the GFC created a "premature batch" of doomers. There's simply no more budget capacity, or pretense of empire strength, that can be credible. Thank Epstein.
$200B is nothing, because with the petrodollar they can just print more. But losing the petrodollar would collapse the US so fucking fast. Petrodollar means sustainable trade deficit, it means they can export all of their crises and let the manufacturer countries (Europe, Japan, China) eat the inflation as they print money. No petrodollar means rapid collapse.
There are already talks about moving away from the Petrodollar. It's only a matter of time. The world is tired to getting taxed by the US though money printing.