Let me state the obvious again:
Nobody has ripped the US off as Trump so mendaciously claims.
On the contrary, the US has benefitted from an exorbitant privilege, that his predecessors & sound US institutions have imbued trust in the US $ & US treasuries. /1
Nobody has ripped the US off as Trump so mendaciously claims.
On the contrary, the US has benefitted from an exorbitant privilege, that his predecessors & sound US institutions have imbued trust in the US $ & US treasuries. /1
Comments
https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/shl2024r.pdf…
The US needs to behave decently if it is to continue attracting foreign funding. /3
1. Stop lying (probably impossible),
2. Stop abusing his creditors (probably impossible),
3. Support the independence of the Federal Reserve (still holds by for how long?)
4. Raise taxes to cut the budget deficit (seriously?) /4
Needless to say, Trump will at most stay away from destroying Fed & that is not enough.
Trump is swiftly driving the US into a financial crisis that may be as bad as 1929. /5
The big question is if we also need to sell our dollars (I have no clear view as yet). It has already fallen 10% in relation to the euro since Trump was inaugurated & it is likely to fall more. /6
How can self-defeating ignorance steer the US? /7
Is it a rational strategy to hold the currency of a rogue state run by idiots?
Or a Bet?
Rest assured — it wasn’t about principle. It wasn’t about government efficiency. It was never about making America a better country.
Rather — it was about Musk’s wallet.
It always was.
https://www.nytimes.com/2025/05/02/us/politics/elon-musk-spacex-trump-budget.html?unlocked_article_code=1.EE8.NgH5.MOKHlh3xf_1t&smid=nytcore-ios-share&referringSource=articleShare
Fascist felon Donald Trump, a psychopath, is mentally ill.
I've never heard anyone say people or countries have "ripped off" U.S., as Trump LIES.
Trump is deliberately acting to destroy U.S. & global economies.
Americans are demanding Trump be removed by impeachment or 25th Amend.
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Australia is the world's ark. We will not risk our biosecurity that we fight to maintain every day.
The USA doesn't even track where their cattle is genetically from!
Many Americans seem to be completely ignorant about how alliances and trade agreements have helped the U.S. become the richest and most powerful country in human history.
The stupidity, arrogance, and greed of Trump and his supporters is absolutely frightening.
Who benefits by the dollar crashing and breaking 70+yrs confidence in the dollar?
The most gullible man to ever sit in the seat of democracy and America has destroyed our credibility for a generation already.