“.. Take them seriously, don’t take it literally,” Bianco said, referring to the debt swap idea .. “If Trump is willing to blow up NATO, why wouldn’t he be willing to blow up the financial system?” @bloomberg.com www.bloomberg.com/news/article... - ThreadSky

carlquintanilla.bsky.social • 1 day ago

“.. Take them seriously, don’t take it literally,” Bianco said, referring to the debt swap idea .. “If Trump is willing to blow up NATO, why wouldn’t he be willing to blow up the financial system?”

@bloomberg.com
https://www.bloomberg.com/news/articles/2025-02-20/-mar-a-lago-accord-chatter-is-getting-wall-street-s-attention

Comments

pauliesambrini.bsky.social•1 day ago

Isn’t that part of the crypto play
that FIAT currencies are too risky and worthless so now my crypto is the new currency?

whiteroseresist.bsky.social•22 hours ago

and he is essentially a Fox News regular…

whiteroseresist.bsky.social•22 hours ago

Is that his goal? It pervades the psycho wing burn it down philosophy.

9hertfordstreet.bsky.social•1 day ago

Who is advising the orange clown? He is not coming up with this on his own.

allcaps-22.bsky.social•1 day ago

Sec’y Bessent. The guys George Soros fired.

9hertfordstreet.bsky.social•1 day ago

Oh, the guy who helped orchestrate a famous trade against the British pound, which came to be known as “Breaking the Bank of England.”

theted.bsky.social•1 day ago

project 2025

9hertfordstreet.bsky.social•1 day ago

I see. The American Taliban.

haskell.bsky.social•1 day ago

can someone just do a screenshot of what it is he's talking about? I know this has been covered in some other media that I subscribe to, and I can find it there. thanks

allcaps-22.bsky.social•1 day ago

From what I gather, forcing holders of U.S. Treasury bonds into taking longer term debt.

haskell.bsky.social•1 day ago

lol, lmao

does he understand the US isn't a shittily run casino?

hachbiz.bsky.social•1 day ago

zuckerb-sux.bsky.social•1 day ago

The incompetence of this megalomaniac, Trump. Fire Musk too.

lainiew24.bsky.social•1 day ago

📌

get-real.bsky.social•12 hours ago

Smart money is on a steady yet aggressive sell off continuing Monday. Go to cash folks. One wrong sensational move by Trump though could be a 1929 💣

get-real.bsky.social•13 hours ago

RIP AMERICA and hello CALEXIT! 5th largest economy in the world isn’t going to stay under this plan. The exit will occur fast out of necessity.

doyoulikepizza.bsky.social•1 day ago

Wry lol at anyone who is still dumb enough to fall back to taking MAGA seriously but not literally. Jim Bianco and his clients are fools if they internalize that sentiment. We even have four years of actual Trump presidential history to refer to.

Past performance is indicative of future what?

simonrjohnson.bsky.social•1 day ago

Very weird article, the author definitely knows enough to understand what an event of default is, but doesn't use the word 'default' anywhere.

raptorgirlsk.bsky.social•1 day ago

Cause he is Putin's puppet making Russia Great Again.

robertkal.bsky.social•1 day ago

Wouldn't this absolutely explode interest rates? I'm not asking in a "that would stop them from doing it" standpoint. I'm asking from a "what hellspawn will they birth next" standpoint.

jvsylvester.bsky.social•1 day ago

There's $35 trillion in debt out there. Blow up the system that sustains that, and it's a very different world than the one we are used to. Billions would suffer.

jettjunk.bsky.social•1 day ago

All should read this book: "When Money Dies". It's the story of hyperinflation in Weimar Germany. In a way, the Germans brought this on themselves, WWI, but it was an unintended consequence of the war, reparations. If we blow up the financial system and end up here, well, it's of our own doing.

jettjunk.bsky.social•1 day ago

https://books.google.com/books/about/When_Money_Dies.html?id=-6I4DgAAQBAJ&source=kp_book_description

...

johnspikowski.com•1 day ago

Trump's anger and retribution obsession spells disaster for America.

pepe-mccormack.bsky.social•22 hours ago

Wouldn't foreign bondholders sell their bonds causing the treasury market to collapse? Is it their plan to buy up bonds for pennies to the dollar? And who would ever buy treasuries again?

elontookitindaazz.bsky.social•9 hours ago

There is no plan lol , when will people understand. These are profoundly stupid people that fell upward. Jig is already up,since nobody sane in rest of the planet buys into US ‘system stability’ crap. By end of 2026 we gonna have full blown depression and that will mean $ being ostracized by rest. 🤣

pepe-mccormack.bsky.social•9 hours ago

Agreed that they are profoundly stupid; and therefore, will make profoundly stupid plans. However, it is obvious that forcing foreign holders of our paper to exchange for longer duration bonds is a plan, no?

pepe-mccormack.bsky.social•9 hours ago

And you are correct that nobody sane would take that deal, much less if they consider the long term risks that Trumb represents to the stability of this country.

elontookitindaazz.bsky.social•8 hours ago

I dont believe there is any plan. Because everybody who is not total imbecile lime orange turd knows the consequence. No something far worse for us is ongoing. In spite of tax cuts uber alles crowd hopes is important, rest of the planet blatantly sees no need to adhere to Bretton Woods system- the

pepe-mccormack.bsky.social•3 hours ago

Nobody adheres to Brenton-Woods anymore because it required pegging the dollar to gold since 1972; and the obvious problem is that modern economies were outpacing gold production making it impossible to sustain the peg.

elontookitindaazz.bsky.social•8 hours ago

revised one from Nixon era. And trust in US system was everything. I mean why the fk would anybody want $ as reserve currency when court system is obviously nonexistent? Imbeciles in general population have no fkin idea what will happen when those overseas $ start flooding back. But hey u wanted

mikernfn.bsky.social•1 day ago

I think what has become clear is that, while some of what Trump says may not literally be doable, he means it all literally. He literally wants to aquire Greenland and the Panama Canal.

marriecarrie.bsky.social•1 day ago

I’ve been telling friends this for weeks. Our economy will collapse. All of the infrastructure we’ve become comfortable with, including those financial, will crumble. The ultra-wealthy have their own means. We will work to fund their extraordinary, insatiable greed.

pumpsandgears.bsky.social•1 day ago

🧵 1/2 You are correct. I have been tracking this since 2008. The debt will implode our financial system. tRump will just be the useful idiot to implode it.
1. Get out of debt. Or, go into severe debt.
2. Be prepared to exit the financial and banking system at a moments notice.

pumpsandgears.bsky.social•1 day ago

🧵2/2
3. Hard skills, family, friends, and neighbors.
4. Think of "Fiddler on the Roof" movie
5. War.

tlh101.bsky.social•1 day ago

I don’t have access to the article, but based on the sentences I could read it sounds like a forced debt swap from short term to long term - like 3rd world countries do. Even talking about this could cause an immediate flight from Treasuries. Who will purchase the next issuance?

andlackthereof.bsky.social•1 day ago

Wall Street gets awoken when the profit margins are imperiled.

domainophile.bsky.social•1 day ago

I will never understand why Wall Street voted for a guy who will destroy the thing that provides them with everything.

shawnhuckabay.info•1 day ago

Because being an expert at investing doesn't make you an expert at politics, and they probably expected Trump would just mean 4 years of "mostly nothing new happening" like it was last time.

somethingbytes.bsky.social•1 day ago

A lot of people didn't remember year 4 trump because they're traumatized by how he handled covid. Most people thought we were getting year 1 trump, not year 4 trump enabling project 2025. Greed won in this country, and we're gonna get what we deserve.

domainophile.bsky.social•1 day ago

I am not a political expert, yet with just the most basic of human and social understanding, I know who should not be in charge of everything, and why.

shawnhuckabay.info•1 day ago

Perhaps a better way to put it is that many people with high levels of domain-specific knowledge are also broadly unwise.

domainophile.bsky.social•1 day ago

I think there are even better, more descriptive and accurate ways to put it

mrjlindy.bsky.social•1 day ago

A friend said it best in a text last night

rbnyc.bsky.social•1 day ago

But Bianca is a big Trump fan. He voted for this chaos.

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