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Sunshine (she/her)@piefed.social to Boycott US@lemmy.caEnglish · 2 days ago

JPMorgan urging investors to diversify away from U.S. assets before “going broke slowly” turns fast.

fortune.com

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  • business@lemmy.world
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JPMorgan urging investors to diversify away from U.S. assets before “going broke slowly” turns fast.

fortune.com

Sunshine (she/her)@piefed.social to Boycott US@lemmy.caEnglish · 2 days ago
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59
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  • cross-posted to:
  • business@lemmy.world
America is ‘going broke slowly’ says J.P. Morgan, as national debt balloons and tariff revenue looks shaky | Fortune
fortune.com
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Even with Trump’s tariffs and Musk’s spending cuts, J.P. Morgan’s David Kelly warns, America is “going broke.”
  • BlackJerseyGiant@lemmy.world
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    2 days ago

    How strange that a nation led by someone who has declared bankruptcy 7 times is going bankrupt… What a twist!!!

    • El_Scapacabra@lemmy.zip
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      16 hours ago

      He’s running it like a business. Into the ground.

      • piccolo@sh.itjust.works
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        2 hours ago

        Vulture capitalists. Plunder the assets, then sell off whats left for pennies to your buddies real estate investment firms.

      • Randelung@lemmy.world
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        10 hours ago

        A well orchestrated bankruptcy can be very profitable. For the shareholders only, obviously.

    • shawn1122@sh.itjust.works
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      15 hours ago

      Pretty sure he’s the final boss of capitalism and here’s the controller America is using:

      1000039979

      • ZombieZikeri@lemmy.world
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        5 hours ago

        Pretty sure the answer is that big reset button.

        Too bad those in charge won’t let us push it.

    • zululove@lemmy.ml
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      16 hours ago

      This has been going on for like 15 years

      • plz1@lemmy.world
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        16 hours ago

        Add 10. Clinton admin ended with a surplus. Bush pushed the US back into debt, and every president since Bush has grown that debt.

        • Treczoks@lemmy.world
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          10 hours ago

          Nearly every Democrat president left the country financially better off; Nearly every Republican president left the country financially worse off. Conclusion?

          • piccolo@sh.itjust.works
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            2 hours ago

            Yeah bad it took like 8 years. When it should happened before they even set foot in the office!

          • TankovayaDiviziya@lemmy.world
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            10 hours ago

            People are dumb.

        • rimmedalpha@lemmynsfw.com
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          16 hours ago

          deleted by creator

    • buddascrayon@lemmy.world
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      1 day ago

      As much as I’d like to lay all the blame at The Cheato’s feet, this has been an ongoing problem. He’s only stepped on the gas and made it more urgent than it was previously.

      • BlackJerseyGiant@lemmy.world
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        18 hours ago

        You are right about that. America voted him in. Birds of a feather, I guess. Or, as my Grandpa used to say, Baaaarf.

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Overview:

The community dedicated to boycotting the US until they stop fascism, restore full democracy and start following international law.

Americans have a moral obligation to resist Donald Trump and project 2025 at every turn.

America is a flawed democracy currently being ruled by oligarchs. Stop the backslide! Dont let America become the next Hungary.

America needs to challenge the court rulings of citizens united v. fec and shelby county v. holder, protect the media, implement independent district drawing, and the single transferable vote so they don’t end up having people stay home in life-changing elections because they cannot vote for their favourite candidate.

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