He clearly does not understand the economics of international trade or tariff in conventional terms. Yet, people in his circle who do understand economics in conventional terms do not contradict him or seek to guide him toward conventional thinking.
For instance, deliberately provoking market instability would allow malicious actors to profit if they have knowledge of target and timing of tariff alternations.
This is a pump and dump scenario.
If real, this indicates weaponization of the economy.
There are people in his circle who have made up such scenarios of default. Forcibly converting T-bills to 100-year bonds etc. The most likely result is a hard fail, quickly.
🤷♀️
The most complex system on earth (the USA in totality, arguably) will not spontaneously reassemble itself to be the way these people want.
It's more likely going to result in regional warlordism!
In the Chinese cultural revolution Mao wanted to destroy all history, all social norms and from nothing create the perfect state. It evolved into total chaos and sort of a civil war forcing Mao to stop it with brute force.
We've seen the Red Guards (teenaged fanatics) go in to smash things up, already.
But I say "regional warlordism", because the US states have quite strong polities.
We await developments with interest. 🙄
👍 An old boss lent me a copy 30 years ago - I thought he was being boring - it opened my eyes!
I subscribed on the principle of "Know your enemy!" but they explained how the world works and important things to know about current affairs.
I find the posh watches/jewellery ads hilarious, though!
Comments
So, I guess his approach makes alternate sense
This is a pump and dump scenario.
If real, this indicates weaponization of the economy.
The logical extent of this strategy is default
🤷♀️
I guess: US credit tanks, interest rates soar, lending declines, manufacturing and farming are impacted...
Based on GFC2006+, it seems the impact would be global.
not my AOE
Without 🇺🇸.
The crazy 🍊 voter's did not expect, how crazy the 🍊 are.
🤣🤣🤣, 🇺🇸 suck it.
🇷🇺👏🏼👏🏼👏🏼.
It's more likely going to result in regional warlordism!
Chaos can't be controlled, it's just chaos.
But I say "regional warlordism", because the US states have quite strong polities.
We await developments with interest. 🙄
Far lower tech than fancy chemicals...they got more weapons than people. 🙄
BAD DAY FOR US #STOCKMARKET...
https://x.com/chucktodd/status/1897732798179311637
and for RUSSIAN #OILMARKET...!
https://bsky.app/.../jayinkyiv.bsky.../post/3ljptxni23c2
because if food gets any costlier, it will be cheaper to EAT money
I am still a fan of USD v EM as emerging markets struggle with their currency mismatch in a world where global demand is fading.
I subscribed on the principle of "Know your enemy!" but they explained how the world works and important things to know about current affairs.
I find the posh watches/jewellery ads hilarious, though!