this post was submitted on 24 Mar 2025
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The federal government could default on its debt as soon as July, a new forecast from the Bipartisan Policy Center warns, raising pressure on Congress for action.

The prominent think tank forecast Monday that the so-called “X-Date” would likely arrive between mid-July and early October.

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[–] [email protected] 4 points 2 days ago

No worries, Democrats will vote for whatever the Republicans put together, like selling California to Russia in exchange for Canada and passing an amendment that makes slavery of minorities legal again in the name of bipartisanship and making sure the Republicans won't get blamed for any default.

[–] [email protected] 112 points 4 days ago (1 children)

Bring on the collapse of the United States, I will never forgive the idiots who brought this chaos about.

[–] [email protected] 56 points 4 days ago (3 children)

Everyday that passes makes it easier to justify writing out family. Gonna be some hard truths with the family I care about in the near future as various family events are getting planned. But, I don't hang with fascists, so that's how it goes.

[–] [email protected] 34 points 4 days ago

I get that disrupting family dynamics sucks, but “I don’t hang with fascists” has gotta be like the easiest and most beneficial life rule anyone could ever adopt. My dad’s a piece of shit. I walked away and have never looked back.

[–] [email protected] 25 points 4 days ago (2 children)

I don't hang with fascists but if any of them want to admit they were wrong I'll gladly fight alongside repentant former fascists to get my country back. They can't expect forgiveness from me though, ask God instead.

[–] [email protected] 21 points 4 days ago

I'll forgive them when they earn it through action!

[–] [email protected] 7 points 4 days ago

I said it in a comment a while back, my brother didn't vote, but his rhetoric leading up to and to my understanding even after the election were almost just as bad. I've said that at the next election, I'll determine if we will ever talk again depending on the state of the country and the my loved ones. The only reason he has that chance is because he didn't vote.

If any of these people decide that they were wrong and truly want to help turn shit around, I'll accept the help, but that's where the buck ends. We will never again have a relationship.

[–] [email protected] 11 points 4 days ago

One of the best decisions I've ever made was cutting contact with the most racist and hateful in my family. It was much easier than I thought, I sleep much better at night. Last I heard, half of my siblings and a few nieces have followed suit. Don't let their poison hurt you.

[–] [email protected] 65 points 4 days ago (3 children)

We all agree to swap to the metric system after the collapse, right?

[–] [email protected] 35 points 4 days ago (1 children)

So long as we can also codify democracy, outlaw first past the post voting, limit wealth accumulation, make facist conservatism illegal, and, for good measure, move to a parliamentary form of government with representative apportionment.

[–] [email protected] 2 points 2 days ago

Wow. You are so close. Can you say "soory" and learn to ride a m∅∅se? Say 'progress' like 'protest'?

[–] [email protected] 6 points 4 days ago (1 children)
[–] [email protected] 3 points 3 days ago

I mean, how else are we supposed to measure bridges?

[–] [email protected] 3 points 4 days ago (1 children)
[–] vaultdweller013 3 points 4 days ago

Instructions perfectly clear.

Adopts metric clock and calendar only

[–] [email protected] 43 points 4 days ago (17 children)

Trump is doing great at lowering those egg prices...

[–] [email protected] 9 points 4 days ago

I mean when we all have to become chicken farmers to eat, yeah eggs will be dirt cheap.

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[–] [email protected] 22 points 4 days ago (1 children)

I expected this his first term. Let's see if it happens in round 2.

[–] [email protected] 12 points 4 days ago

First term was for setting the stage and for loading the courts with corrupt judges.

This term is for executing the agenda.

[–] [email protected] 17 points 4 days ago (1 children)

It's very unlikely to happen. Republicans don't want it to happen while Trump is in office. Democrats don't want it to happen at all; this isn't like a government shutdown - it would be a catastrophe. The only question is what riders will slip in.

[–] [email protected] 22 points 4 days ago

I’m afraid there are American oligarchs who do want it. They could end up owning everything. They don’t care how much people suffer if it consolidates wealth and power for a few.

[–] [email protected] 8 points 4 days ago (5 children)

So hmm, how should I be investing my money now to avoid being screwed if this happens…

[–] [email protected] 1 points 2 days ago

Invest in your community, talk to your neighbor, collectively stockpile shelf-stable staples like rice and beans in-bulk. No working-class Americans survived the Great Depression because their stock portfolio was clever, they survived on bare necessities and strong communities.

[–] [email protected] 3 points 3 days ago

Nobody knows. The world economy is built around America always paying its debts.

But there is one thing: build mutual aid networks that can thrive without money being involved.

[–] [email protected] 5 points 4 days ago* (last edited 4 days ago)

As crazy as it sounds, bitcoin, if US market crashes, all markets crash.

Gold would be good too, but I find it to be just as valuable as bitcoin in the real world - worthless to me, but a way to store wealth.

[–] [email protected] 2 points 3 days ago

Bricks and non perishable food

[–] [email protected] 3 points 4 days ago

Positioning to take the smallest impact.

Gold, Bitcoin will be ok, but still traded to the US dollar.

EU stocks, but they will take a hit too, but might not be as bad.

Market short positions, but the sell on this is still us dollars.

[–] [email protected] 5 points 4 days ago* (last edited 4 days ago)

Cut to

How could the Democrats let this happen?

[–] [email protected] 5 points 4 days ago

MAGA bitches.

[–] [email protected] -4 points 4 days ago (1 children)
[–] gravitas_deficiency 9 points 4 days ago (1 children)

I think it’s very possible. And I think orangeboi will threaten the people doing the ratings in various nonsensical ways. And when the default does happen, the world will probably begin to move away from the USD standard, which is probably good for the world in the long term.

[–] [email protected] 1 points 4 days ago (1 children)

Nah. Too many rich cunts afraid to lose their stolen goods to let that happen.

[–] gravitas_deficiency 4 points 4 days ago (2 children)

Dude, they’ll just shift their assets into GBP or Euro. The UK will probably offer tax incentives and sweetheart deals, because being the world reserve currency actually gives you shitloads of soft power (so long as you don’t plot a flight plan into a mountain, which is what we’re doing right now).

[–] [email protected] 1 points 4 days ago (1 children)

You can not simply "shift" billions of dollars from one currency to another.

As much as the rich people with billions want to get rid of the USD, the people willing to give GBP or Euro for USD don't have to accept. Why would they want to be holding on to the USD if the others don't?

They could be slowly doing it right now, but if the shit hits the fan, the exchange rate would jump.

[–] gravitas_deficiency 2 points 4 days ago

Yeah- lots of things would “jump” it would be a catastrophic process. That’s my entire point. Lots of people would stand to lose a lot of money, but those who have inside knowledge stand to be able to save a large fraction of their wealth, while everyone else becomes a serf, because all of their investment and savings will be worth jack shit. And I think that’s one of the points of this whole circus.

[–] [email protected] -1 points 4 days ago (1 children)

All of those currencies will fall before USD.

USD is king. It has to stay that way otherwise they lose everything. It won’t happen.

[–] gravitas_deficiency 0 points 4 days ago

I genuinely do not understand what the hell you’re talking about, and I’m American.

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