In my view, that can only be mitigated by detangling other economies from the US. Selling off treasury bonds is one step. Increasing tech/data sovereignty is another, as well as shifting reliance to more local supply chains and manufacturing. And moving assets to the European market (in Europe’s case).

Any steps to boost sovereignty and independence help to reduce reliance on the US, and mitigate the impact of a US economic crash. The lesson learned from 08 should be not to depend too heavily on US bubble economies.

Besides, the US hardly manufactures anything. They export corn, soybeans, petroleum, and cloud-based software. And US treasury bonds, whose only value is that people agree that they hold value. What happens when people suddenly realize or decide that they don’t?

Grains and legumes can be ground elsewhere; arguably better. Countries already are and must continue to reduce their dependencies on fossil fuels; petroleum will not be a major commodity for much longer, no matter how the industry kicks and screams and colludes with the US government for corrupt advantage. Lastly, the shift to tech and data sovereignty must happen anyway, and is happening. The sooner other nations get their data off US-based cloud infrastructure, the better off they’ll be.

There’s no downside, other than reducing one’s dependency too slowly and being among the last to jump ship before it sinks.