this post was submitted on 10 Dec 2025
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European leaders are considering dumping $2.34 trillion in US debt if Trump abandons Ukraine, potentially triggering an economic crisis worse than 2008

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[–] Ghostalmedia@lemmy.world 144 points 13 hours ago (4 children)

Using the phrase “nuclear option” metaphorically is pretty dumb when we’re talking about a war where parties have threatened to use actual nuclear weapons.

[–] braydan@lemmy.world 21 points 12 hours ago

its clickbait all the way down

[–] foodandart@lemmy.zip 12 points 11 hours ago

Yaah, I hit some of the other stories on that site. It's a low-grade copy of some NewsCorp rag, that's got a right wing bent. Not impressed.

[–] A_norny_mousse@feddit.org 6 points 12 hours ago
[–] Professorozone@lemmy.world 5 points 4 hours ago

I was thinking that too.

[–] ExtremeDullard@piefed.social 112 points 14 hours ago (1 children)

Finally, the EU grows a pair of cojones.

[–] IphtashuFitz@lemmy.world 49 points 13 hours ago (1 children)

Maybe. Let’s see if they follow through.

[–] pinheadednightmare@lemmy.world 24 points 13 hours ago

God let’s hope so. America has proven they are not leaders so, another country needs to step up and this would definitely do that.

[–] supersquirrel@sopuli.xyz 68 points 13 hours ago* (last edited 13 hours ago)

As someone from the US, do it, rip the bandaid off, this is going to get much much worse before things have the chance to get better and good people here have all been rejected from having meaningful power.

edit this news source is questionable

[–] Sanctus@anarchist.nexus 44 points 14 hours ago (2 children)

I just love to see Trump's balls in a vice no matter the context.

[–] ExtremeDullard@piefed.social 37 points 13 hours ago* (last edited 11 hours ago) (1 children)

One thing is certain: NATO members threatening to collapse the US economy if they collaborate with Russia is nothing short of surreal. I must have drifted in some sort of weird alternate reality without realizing it at some point. I wish I could return to the portal where this happened...

[–] Archangel1313@lemmy.ca 9 points 12 hours ago (1 children)

The world actually ended in 2012. This is Hell.

[–] MrVilliam@sh.itjust.works 7 points 10 hours ago

Holy mother forking shirt balls...

[–] Tolookah@discuss.tchncs.de 8 points 13 hours ago

You need a small vice for the taco in chief

[–] _chris@lemmy.world 43 points 13 hours ago (1 children)

Anything we can do to hurt the billionaires is a win.

[–] ininewcrow@lemmy.ca 20 points 13 hours ago (1 children)

The problem is that whenever billionaires are about to get hit by a bus .... government usually throws a bunch of poor people in front of them to cushion or even stop the bus from hurting anyone with money.

[–] danekrae@lemmy.world 7 points 12 hours ago (1 children)

But if the bus going fast enough...

[–] Archangel1313@lemmy.ca 3 points 12 hours ago (1 children)

...then we all die to save them.

[–] Yawweee877h444@lemmy.world 38 points 13 hours ago
[–] ProfThadBach@lemmy.world 21 points 12 hours ago (1 children)

Haven't they threatened this already? I say do it. Dump the debt and watch Trump go mad. The real fuck stick though is Miller. Trump is just lettings him fucking Nazi all over the place.

[–] ExtremeDullard@piefed.social 5 points 12 hours ago (1 children)

Miller is less dangerous than Vance: the former is an obvious nutjob while the latter, as much the Nazi as Miller, masquerades as a somewhat reasonable - if slightly creepy - human being

[–] SupraMario@lemmy.world 4 points 6 hours ago

Miller is one of the writers of project 2025. Vance is a dumbass mouth piece that follows directions. He's like the little kid behind the large bully.

[–] ennof@feddit.org 14 points 13 hours ago (2 children)

I've seen other articles floating this idea but is this something that's confirmed? This article refers to the Wall Street Journal but is there a concrete source in which EU representatives are quoted or a written proposal that would suggest such a course of action for me to look up?

[–] Chippys_mittens@lemmy.world 8 points 13 hours ago

Not that I have been able to find. This news source is also considered to typically not be credible.

[–] A_norny_mousse@feddit.org 2 points 12 hours ago* (last edited 12 hours ago) (1 children)

I was going to ask the same. Also how come a US outlet has this and I haven't seen anything on Europe-centric channels.

Sometimes one just has to wait a day or so.

I'm also unclear about what "dumping" those trillions actually means? If we truly had the USA by the balls like that I'm sure I'd have heard about this sooner.

[–] HK65@sopuli.xyz 3 points 9 hours ago (1 children)

Everyone has the US by the balls, that's what the USD being reserve currency means.

Everyone owns a lot of USD, both cash and securities, so when the US prints money, inflation hits all the world.

Dumping basically means saying "hey, I've got the entire US GDP here in cash USD, I'm selling it for 100 EUR", and watching the US go hyperinflating.

The catch is that it would crash the world economy.

[–] A_norny_mousse@feddit.org 1 points 9 hours ago

Dumping basically means saying “hey, I’ve got the entire US GDP here in cash USD, I’m selling it for 100 EUR”, and watching the US go hyperinflating.

Oh. That sounds like a lose-lose situation.

[–] thefluffiest@feddit.nl 13 points 9 hours ago

The Express? Really? Get me a better source

[–] jordanlund@lemmy.world 13 points 6 hours ago (2 children)

Potential for a nightmare scenario:

  1. Trump dumps Ukraine for Russia.

  2. EU dumps $2.34 trillion in US debt

  3. Trump pulls out of NATO.

  4. Russia invades Poland or some other NATO country.

  5. US Dollar is worthless so we couldn't do anything if we wanted to, and Trump is on Russia's side anyway.

collapsed inline media

[–] Wilco@lemmy.zip 5 points 3 hours ago

Its not a nightmare scenario ... it is trumps roadmap.

[–] discocactus@lemmy.world 2 points 3 hours ago

US and Russia and OPEC (whoever refuses gets liberated) create a true oil and gas cartel, EU capitulates. China can't compete with US+USSR. This is 100% the strategy in play right now.

[–] Chippys_mittens@lemmy.world 8 points 13 hours ago

Right wing media company saying false (based on what I've read) information. Typical, references that the wall street journal got information from European intelligence agencies. Yet, I haven't seen anything to corroborate that from the WSJ itself. Intelligence agencies aren't typically known for posting and explaining their plans. If the US economy crashes, the world's economy crashes. It would be economic mutually assured destruction.

[–] Babalugats@feddit.uk 6 points 13 hours ago

If it was any other paper, including weekly world news and the national enquirer, I might take notice. It's the express. I personally have never read anything accurate or correct in that paper.

[–] SinningStromgald@lemmy.world 5 points 13 hours ago

If they actually do it it will be great news.

[–] Professorozone@lemmy.world 5 points 4 hours ago (2 children)

What's does it mean to dump debt?

[–] partofthevoice@lemmy.zip 9 points 4 hours ago (1 children)

I’m no economist and will probably get this wrong, but since there is nobody else here… least I can do is give you enough an answer that someone more knowledgeable will come and correct me.

Basically, governments can print magic slips of paper called “bonds” that people will want to buy for two primary reasons: (1) they get interest when they hold the bonds (interest paid by taxes), and (2) the bond is considered a safe way to store value (like how a house is considered a safe way to store value). The government, in return for selling those magic pieces of paper, gets the money used to buy the bonds. It’s the Treasury Bond market.

Now here’s two important details about the bond market: (1) Bonds have an inverse relationship with cost and interest rates. If stockpiles of bonds get sold, that increases the supply of bonds which causes price to fall — adversely causing interest rates to hike up. (2) Because U.S. Treasury bonds are considered risk-free, all other interest rates in the economy (mortgages, car loans, corporate debt) are built on top of the Treasury yield (Example: If a 10-year Treasury yields 5%, a bank might offer a 10-year mortgage at 5-6%). Basically, Treasury rates set the floor for almost all borrowing costs.

So if a foreign state sells massive quantities of bonds, interest rates everywhere can shoot up. That can make all of our existing debt too difficult to pay back. We’d be stuck with three options if it gets bad enough: (1) default on the debt, (2) debase our currency by printing enough money to push the problem down the road, or (3) balance the governments budget.

From what I understand, we’ve already pushed the limits of option 2 during the Housing Crisis and COVID. Printing more money is talked about as though it’s impossible without causing more harm than good. Honestly, I don’t know what happens if the bond market cracks at this point… a depression comparable to TGD?

[–] Professorozone@lemmy.world 1 points 26 minutes ago
[–] capital_sniff@lemmy.world 4 points 2 hours ago (1 children)

That they would sell or let their holding of US bonds expire and take the principal.

[–] Professorozone@lemmy.world 1 points 29 minutes ago

So like calling in the loan?

[–] Not_mikey@lemmy.dbzer0.com 2 points 9 hours ago* (last edited 9 hours ago)

Wouldn't they just be shooting themselves in the foot here? Even with all the talk about decoupling and tariffs, the European and American economy are still heavily intertwined and a recession in the US will almost certainly spread to the EU.

Look at what happened in 2008, some wall street crooks made some stupid bets on mortgages and then the euro-zone got sent into a debt crisis.

[–] WhatGodIsMadeOf@feddit.org 1 points 9 hours ago* (last edited 9 hours ago)

Tak Washington state through New Mexico, and Maine Vermont. Do what you want with the rest.

[–] frustrated_phagocytosis@fedia.io -4 points 13 hours ago (1 children)

The nuclear option should be EU giving nuclear weapons to Ukraine and pointing them at Russian and USian targets

[–] Chippys_mittens@lemmy.world 4 points 13 hours ago (1 children)

Oh yeah, let's start using nukes.

[–] frustrated_phagocytosis@fedia.io 3 points 13 hours ago (1 children)

We aren't keeping our promises made when they gave up nukes. They're even trying to take control of their civilian nuclear plant! They deserve to have all the nukes, and we deserve zero. And UN peacekeepers too keep the feds from harassing civilians at this point.

[–] Randomgal@lemmy.ca 1 points 13 hours ago* (last edited 13 hours ago)

Yes fuck humanity. Fuck the planet. Bring nukes baby. Who needs peace for there is only a nuclear wasteland to fight over.