Actually the US can copy exactly what Russia did, a model for recovery from imperial collapse
It possibly could but it wont. The super rich have too much power and their system of government means to get anything done you need to have a majority in the Congress and the Senate and also have the president... and even if you manage to get that how much can they do in two terms... to fix things you have to break things first and the pain and suffering created by the breaking of things will get the president kicked out of office and the next president will roll things back to how they were which means they are fkd again.
Currency strength is only important for importation, as the US switches to autarky, they will devalue their currency
It is the strength and stability of the US dollar that makes it a choice for many countries for international trade... you start devaluing that and they will get rid of their reserves and the dollar will collapse and become worthless.
Ofc they can pay workers, they can make their own things, and pay in a new currency for circulation
When the US dollar collapses all imports will become horribly expensive, and so that will create potential for local production but setting up local production takes time and money and the cost of imports will encourage using local resources for all aspects of production, but developing local sources for things will also delay things even further.
Restocking NATO won't be a concern, NATO will be long gone, and in its place a full blown nazi Europe
They will have contracts... HATO wont die... they wont let it... it is too useful for them.
They have very little in the way of foreign debt, most of it is internally held by a few banks, so they can write it off, remove some zeroes, and replace the supply chains to China with internal ones, that is what an autarky is
The almost 34 trillion is foreign debt... it is all foreign debt. If it was owned by local banks then why did the US government bail them out a few decades ago with 750 billion dollars that they didn't make those banks pay back? Nor did they demand part ownership of the banks... it was just a gift...
The US doesn't really need help for much, except maybe budget in the future when they can't print anymore
When no one accepts their currency they will be in trouble... when no one wants your money how do you buy anything? You pay for things in trade and you sell raw materials for currency you can use. Very much limits your options and trading partners. And does not really allow you to twist arms and get really good deals on things.
Being rich is about never having to pay full price for anything.
They are not going to like not being rich.
And obviously the US government will decide that these multi billionaires could pay a bit more of their fair share of taxes, which means they will all immediately leave the country with their gold and priceless artwork and jewelery that is not effected by the value of any dollar.
But if they regain their farming and Agriculture, and are independent for energy, they really don't need much help, sales to nazi Europe of expensive gas are enough to fill the budget
Their farming is marginal and weather dependent and requires a lot of fertilisers and chemicals to be successful, and they are no where near independent for energy... they import most of their Uranium fuel and they sometimes use more gas than they export and have to import the difference and in terms of oil things are going from bad to worse... Biden has dipped in to their oil reserves already to keep prices down but that will have to be replaced and when they do replace it they will be paying top dollar...
It did for Russia for 50 + years
Russia has ten times the land and sea area and most of the resources they burned up were in European and southern Russia... which is now not Russia any more...
They cherry picked the easy stuff but new technology means the harder to get stuff is not that hard any more.
Democracy was a historic phenomenon, autarkic USA will be openly a military dictatorship run by security apparatus as it is now, it's just they mask it with democracy values
Don't be silly, a military dictatorship would disarm its own population and that alone would start a civil war in the US because they don't trust their government.... and neither they should.
BTW the one who announced the retooling of US MIC was the Pentagon, the same ones who really run the country
They don't even run the military or there would be no Woke BS. Having fluid gender people in the military does not make it stronger or better.
They would be more effective with psychopaths than with fairy tree huggers.
They are currently in full production mode, and as they keep opening and modernizing factories, it will increase
And those companies that are producing and supplying are going to make an enormous amount of money out of this... the loser is the US taxpayer who is paying for all this BS.
You act like time is frozen, but it keeps moving
Russia isn't winning in Ukraine because it makes more shells and bombs than Kiev does. Russia is skillfully using tactics to maximise enemy casualties while also allowing them to surrender if they wish, while the enemy is trying to exterminate all Russians and will kill all of its men and women in the process to try to do so.
This is akin to the German retreat from the Soviet Union during WWII, except this time it is the Ukrainians that are throwing men and resources to push back the numerically inferior Russian forces. The core difference is that Kiev does not have the manpower to spare to fight this way and the Russians are not losing ground it is moving back and forth with the attacks the Ukrainians send in but gets pushed back almost immediately. The Russians also have superior artillery and air control and short supply lines.
The more Zelensky demands progress be made so he can show the west that they can win this the more men and material they are going to lose in useless suicide lunges at Russian lines.
It doesn't take advanced chips for guidance systems and datalinks, you can take them from a washing machine remember?
Washing Machines don't have digital datalink electronics or image processing hardware for guidance systems... that is western media bullshit... and who will the US be fighting with these new weapons? Better question who would they want to fight that wont kick their arses, that Russia and China wont supply the weapons and equipment to defeat the US over? They could invade Fiji. If they tried to invade Mexico, which one politician in the US said day one he was going to invade Mexico to deal with the drug cartels... I would say a coalition of the willing would quickly form from central and south american countries to come to Mexicos aide...
And as I said, hyperinflation will never happen in US like it did in Weimar Germany, or other states without resources, the US is self - sufficient enough that it can drop some zeroes, call it something new, and call it a day
Hyper inflation comes from devaluing your currency, it has nothing to do with the viability of the state... it is how much printed money there is out there and what the country is worth. The US is no where near self sufficient... they import most things now.
There was a 2017 report I posted a few years back that said that the US can't even make tents because the fabric they need is no longer made in the US... because it is made in China at a price US producers can't compete with and so US producers of the fabric failed and no longer make it.
This will be a common theme across the board in a wide range of technologies and areas.
That's the thing about superpowers like USA and Russia, they don't really need other states for help
Bullshit. Russia would be in a terrible position if China and India and lots of other countries around the world stopped trading with them.
It is not all loyalty to Russia and it is not a lack of loyalty to the west. India bought Russian oil at a discount. When the discount came off they kept buying, but not because they wanted to help Russia. They bought it because it was the cheapest and they kept buying because even with the discount gone it is still the cheapest.
Despite what the west says Europe is still using Russian gas... they can deny it all they like but it is Russian gas they are using. They pay more and buy it through middlemen who make money too, but the gas being used in Europe is still more than the amount China is buying from Russia so far.
Over time China is going to adapt to gas and its consumption will likely massively increase because it is cheap and cleaner than coal and easier to pump through pipelines etc.
Again, in a closed economy aka autarky, prices are favorable for domestic producers,
In a closed economy that is a market driven democracy the prices for domestic stuff is often only slightly better than for imported stuff and so the domestic producers make an enormous profit which they will put into expanding production to make even more money but their workers wont get more than minimum wage and the owners and the shareholders are the ones making money... but that money is American dollars so it is worthless outside the US.
I don't think it's understood by most posters that the entire world is undergoing this process
There are very few countries that could be self sufficient in everything they need. Even China has an enormous internal consumer base but they need to import lots of energy to keep things working and also food too. Russia produces a surplus of energy and food so working together with China and most other countries that are reasonable makes a lot of sense for them to cooperate.
If the US wants to isolate itself it will collapse into a bloody civil war.
The time of a global hegemon has passed, the US dollar wont be what it was in a few years
It's a totally different dynamic
I totally agree, but if the US wants to blame anyone for the demise of the US currency dominance it can only blame itself... China and Russia bought US debt until the US tried to punish them and restrict their use of US dollars so they got rid of it and are stopping trading in it as an international currency.
The system will collapse, but it doesn't change the reality, they didn't become hegemon by being stupid, they did it by implementing their strategic plans at a global scale
The ones in charge didn't get the US to where it got to... the inbred children who inherited the earth have driven the inmates of the asylum to kick them off the island and will be running things for themselves now.
But they will be starting more wars in those places to arrest development of the multipolar order, and with new weapons and ammo and a stable supply , they can arm proxies for decades to come
A country does not make money from war... arms companies make money for a few families and shareholders from wars... the west isn't going to get the money it has invested in Ukraine the last 70 years back...
They never would have won in Ukraine, but they can win in Africa, Latin America, some Asian conflicts and so on
I think the tide is changing and the rest of the world has worked out the colonial wests game and they wont want to play it any more... and with advice and support from countries that have been colonised by the west... including Russia from the 1990s... they wont make the same mistakes they kept making.
It's a controlled collapse, not a free fall
A devaluation of their currency wont make their debt smaller, and wont reduce their interest rates... in fact it will just make it much harder to pay off and the people they owe the money to might start making demands...
Russia needs to implement a security architecture in Europe
Russia can't trust anyone in the west in Europe or the US, their word is meaningless and their agreements are BS. Russia needs to destroy what is left of the Ukraine and deal with factions there and build a wall across Europe. Send and receive stuff via the Danube to Serbia and continue to deal with non hostile countries like Hungary and Turkey, but the rest, close up the embassies etc and close their embassies in Russia and pettition the world to shift the UN to somewhere in Asia or Africa or Central or South America that is neutral.