Time for a divorce?
Given the how unreliable the US has proven itself as an ally really starting with Trump's first term, but more recently under the clown car that is Trump 2.0, rumblings of a divorce are surfacing. How would that be done? It won't happen overnight, but there are some ideas that are serious enough for consideration. Recently a Danish pension fund (it provides pensions for educators in the country) decided to sell off any US bonds in its portfolio. While just a drop in the bucket, imagine what would happen if European nations and Europe-based organization began to do so en masse? What if the EU (or at least a coalition of the willing, since Hungary is one likely roadblock to any actual collective EU action) created its own market for bonds denominated in Euros ? What if nations like Germany, which store much of their sovereign gold in the US r epatriated those gold bars back to their own capitals? What about EU reliance on US-based companies for internet platforms and cloud stora...