this post was submitted on 20 Apr 2026
189 points (98.0% liked)

World News

56060 readers
1967 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] gravitas_deficiency@sh.itjust.works 4 points 3 weeks ago (1 children)

While I agree that shifting the world away from being so US-centric is a good idea long-term, this is absolutely not the way to do it. This is going to cause an absolute shitload of harm everywhere - and not just to Western countries, lest you think I’m trying to be an apologist for them. The only parties that this will unequivocally benefit are Russia and NK. Even China is gonna feel some splash damage from the (now ongoing) collapse of US geopolitical and geoeconomic stability.

[–] Aceticon@lemmy.dbzer0.com 2 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

The end of the USD Reserve status is going to cause an absolute shitload of harm in the US (at the very least, huge inflation) but how much damage is it really going to cause elsewhere?

The US isn't a keystone nation in most manufacturing processes anymore, nor does it produce anything that nobody else does: Modern day America mainly exports Social Media and enshittification. Even things like cloud services are provided by datacenters all over the World with the ones based in North America serving North America.

The greatest value of the US for the rest of the World is as a big consumer market for their exports, not as an essential provider of anything which is physically bound to it.

Absolutelly, there would be damage, especially for any nation left holding US Treasuries to the end (especially in the worst scenario of a US default), but "absolute shitload of harm" outside the US, that doesn't seem likely: if the US magically dissapeared today a bunch of multinational companies would see their Revenues fall maybe 15% but otherwise things would just keep on working because very little the US makes is key.

Granted, countries for which the US is a disproportionatelly high export market like Canada and Mexico would suffer a lot economically, plus Israel would collapse without America's propping up, but beyond that ...

[–] humanspiral@lemmy.ca 1 points 3 weeks ago

Importance of Petrodollar is overstated. Currencies are easily exchangeable, and the value of GCC colonies is the massive recirculation of oil profits to US investments/weapons, The harm to US that comes is the economic destruction of GCC, and US incapacity to protect them, which forces them into alliance with Iran/China. Their previous necessity of US/Israel alliance was to protect them from US/Israel coups/attacks that would install an Israel puppet like in Lebanon/Syria, or Reza Pahlavi for Iran.

It's possible for GCC to end up without US bases, but still buy US/Israel protection without their weapons. Its easier to have free shipping if they let go of Israel support. Free shipping is what permits GCC to invest in the US to buy protection from US/Israel. They may try to walk that fine line, but in short term (and long term renewable penetration) they will invest everything in their own reconstruction.