While it appears we are plummeting into the abyss this is a trick of perspective, in fact all the non-abyss parts of the universe are hurling away from us
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BESSENT: OTHER COUNTRIES' CURRENCIES RISING, NOT DOLLAR FALLING
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But still he lay moaning:
I was much further out than you thought
And not waving but drowning.
~ Steive Smith, from "Not Waving, But Drowning" 1972
Even if FOTUS is finally replaced, who’s going to trust the States not to do it again in the future
The impact of the dollar remaining stagnant while other currencies improve their value is absolutely the same for international
trade as if the dollar were losing value while other currencies stagnated.
Bessent can say whatever, since the impact remains! 🤣
Just means my loonie can actually sustain its current meteoric rise lol
This is dumb on purpose.
My neighbor's fence encroaches on my property. Is that RICO?
Yes that stupid
"I dunno. But whatever it is, *I hate it*!"
“We aren’t losing ground. It’s just that the other parties are gaining ground against us!”
Next week, “Russia is not losing ground. Ukraine is just retaking ground that happened to be occupied!” 🇺🇦
They said UK "overtook" China as the second largest holder of US bonds, but what actually happened was China sold off a bunch of their bonds which resulted in the UK becoming the second largest holder of US bonds...
Spin, pure and simple.
They're going to have a real rough time of it when they go to market to service the debt ceiling increase that they're aiming for in that garbage fire of a "budget" they forced through the house... (I have little faith that the Senate will improve matters at all)