SPECIAL: The coming Great Financial Crisis by Atilla Yesilada
us-debt
Real Turkey videos are usually dedicated to Turkey-specific matters. However this time Yours Truly is truly afraid of a global financial crisis. No, Trump’s Tarif Wars will not lead to a global crisis.
They will just make everyone worse. But, Trump’s alleged Mar-o-Lago plan and the 2025 budget proposal debated in Congress will lead to a global financial crisis. If these two pillars of Trump policy plank are adopted, US will lose its safe haven status and the global credit market will experience an Ice Age, followed by a Great Dying of dozens of countries and millions of companies, which need to roll over their dollar debt.
