Debtors
Debtors never believe debt matters... until they're dangling over a vat of acid.
My acid vat commentary from almost one year ago.
My prediction of Echo Bubble popping from three years ago
"The order, which potentially impacts billions
or even trillions of dollars in grants to state
and local governments, said that grants and
loans would be placed on hold"
This is what happens when you rack up $36 trillion in debt. Today's events demonstrate the essential trade-off of centralized versus decentralized systems. The concentration of power and spending into one entity (the Federal government) over the past 100 years guaranteed an inevitable outcome. Centralized systems are more efficient and more predictable but suffer from the occasional systemic failure.
Trump's Greenland and Canada proposals make sense if they're viewed as a safety net to buffer the collapse of the US empire, a sort of stop-loss order on the USA. I believe Trump is redirecting the US away from a systemic empire failure (Roman empire, USSR) into a recoverable regrouping along geographic lines. I suspect most debtors can't grasp that, though, as their main concern is finding more money to borrow.
An alternative approach is a distributed (decentralized) monetary system like this -
Predictably, the far left Democrats still advance "We hate Trump" as their primary policy position, which doesn't appeal much to anyone else.
They're still consumed by hubris, lust, anger, greed.
Oh, well.
Off the cliff they go.