The problem is that the economy slowing down is the consequence of their bad budgeting. We can’t get out of the deficit without consequences.

However, the American consumer ultimately is a market for things, so whether or not that market is expensive or cheap, it’s worth being in the market.

The USA also controls its currency and its border. We can tax in ways that no other country can. We can just say, no, you can’t take your USA currency to overseas banks as a us citizen. And if you sell it to buy gold or something, that’s capital gains.