Hacker News
points by jacquesm 3 days ago | 0 comments
There is a good chance of that. This will incentivize the rest of the world. Keep in mind that the world is much larger than the USA, that the USA has alienated a lot of parties that were its allies and friends not that long ago and that there are far more talented people outside of the USA than in it. Silicon Valley had the world by the short and curlies and then Trump came along and pretty much burned it all down. It will take another decade to know how big the damage is but it is probably in the trillions of $ of lost income and that's before we get into intangibles.
[–] freakynit 3 days ago
I don't want to make this discussion politicized.. but man... Trump truly burned everything down that the US built over decades of hard work and careful planning. And these things are extremely difficult to build back, especially in a world like today's.
[–] ashkankiani 3 days ago
Politics is intertwined with economics and finance. Unless by politicized you meant inviting opinions unrelated to facts. What you stated is a fact. The part that is hard to divine is if there's a larger end goal that justifies the loss of trust.

At this point, the best guess is he plans to deflate the currency to make the debt worthless.

[–] GolfPopper 3 days ago
>best guess is he plans to deflate the currency to make the debt worthless

That might be the best possible intended outcome, but it also seems unlikely that Donald Trump and his government are involved in anything so far-sighted. Just look at the man's public behavior over the last year; either he is an incredible actor, or this is not a government where anyone in power cares about anything beyond the Big Man's whims of the moment and their personal benefit.

[–] ashkankiani 3 days ago
Donald Trump is a puppet for those with bigger around him, but because of his mania and dementia, it's like having to roll a d6 whenever you try to steer him. I think that unpredictability is part of the issue making it hard to extract what the long term play is.

There's also the incompetence of the ones with the longer term plans making whatever is played out more inscrutable. Although they have actually implemented a significant portion of project 2025.

I personally think it's really funny how if you were to try to reverse engineer his motivations based on the actual outcome, then the most likely answer is that he's a joint Chinese-Russian spy based on how much they've benefited from his elections.

[–] jacquesm 3 days ago
I've never seen an individual that was so damaging to the country that democratically elected him. There are others that were as damaging but they were not elected or it wasn't during my lifetime. Trump is unique in that respect, more so because he did it twice.
[–] stickfigure 3 days ago
I agree with you but as they say "markets have short memories". After the Ukraine war is over let's see how fast Europe goes back to Russian gas. They're making noises about it now (and parts never stopped).

The world is going to be very different in another two years.

[–] celticninja 3 days ago
yes, you are no longer trusted. Europe is lucky that the UK and France essentially told the US to fuck off when they tried to stop them developing their own nuclear deterrent. If they had, then right now the alliance between Russia and the US would put the whole of europe at risk of Putins Russia. As it is the French and UK capability is more than enough to counter the russian nuclear threat. As in we all fucking die if russia launches nukes, but it at leats lets russia know that too.

fuck trump and republicans. and yes whatever goodwill you had built up over the last 60 years was up and away like a fart in the wind when you elected a corrupt pedophile for the second time. And it cant be built back, ever. No one trusts you no to pull the rug if we became reliant on you again. What we will have though is a relationship with allies built on equality rather than one main player calling the shots.

[–] panta 3 days ago
the trust could in theory be built back if they would manage to dethrone him and his cronies, hold a Nuremberg-style trial leaving out no accomplice and reform their system and constitution in order to setup real guardrails that would reliably avoid this from happening ever again. This would require, among other things, to severely limit presidential powers, or better yet, switch to a parliamentary system with a "first minister", and abandon the two-party system in favor of a more democratic proportional multi-party one. Sadly I don't think these changes will ever happen.
[–] jacquesm 3 days ago
This is pretty much it. I don't think anybody believes these changes will ever happen unless it gets much worse than it is today. I would not rule that out though and 'ever' is a long time.
[–] jacquesm 3 days ago
I haven't been back since Trump I. Missed a funeral of a friend. I still have more friends on the other side of the Atlantic than I have in Europe, even so I don't think I will ever go there again. Enough is enough.