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→Economy
:"Iran has already begun charging ships $2 million to pass through the [[Strait of Hormuz]] as “advance payments” for [[war]] [[reparations]]. A U.S. withdrawal would likely codify this and accelerate the shift toward oil being priced in [[Yuan]], Rupees, or local currencies. Most countries would not need to hold the large dollar reserves they need now. And the US would not be able to skim off the top. .
:"Iran has already begun charging ships $2 million to pass through the [[Strait of Hormuz]] as “advance payments” for [[war]] [[reparations]]. A U.S. withdrawal would likely codify this and accelerate the shift toward oil being priced in [[Yuan]], Rupees, or local currencies. Most countries would not need to hold the large dollar reserves they need now. And the US would not be able to skim off the top. .
:"The U.S. would become isolated -- unable to trade its paper IOUs for real physical goods. At the same time, its high-cost, [[financial]]ized [[economy]] would inhibit reindustrialization. The US’s only real [[commodity]] is [[debt]].
:"The U.S. would become isolated -- '''unable to trade its paper IOUs for real physical goods'''. At the same time, its high-cost, [[financial]]ized [[economy]] would inhibit reindustrialization. The US’s only real [[commodity]] is [[debt]].
:"To attract buyers for its $34 trillion debt the U.S. would have to offer significantly higher [[interest rate]]s – which we already see happening. Unable to [[export]] [[inflation]] to fund [[military spending]], it would face soaring inflation — and would likely cut [[domestic]] spending, leading to both [[economic]] and [[social]] instability . Remember the [[Weimar Republic]].
:"To attract buyers for its $34 trillion debt the U.S. would have to offer significantly higher [[interest rate]]s – which we already see happening. Unable to [[export]] [[inflation]] to fund [[military spending]], it would face soaring inflation — and would likely cut [[domestic]] spending, leading to both [[economic]] and [[social]] instability . Remember the [[Weimar Republic]].