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Jane Woodside's avatar

Have you ever read “The Mandibles-a Family”? It was written before Trump 1.0 but describes a future starting in 2029 when an American President declares a “reset” on debt and defaults on Treasuries. Triggering a cancellation of the US $ as the world reserve currency and the economic doom that flows from that decision. Runaway inflation… sure, but that’s hardly the worst of it. Economic isolation-no assets are safe. A weakening dollar and a flight from US Treasuries is about as red a flag as you could find.

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Tim Dineen's avatar

Who ever thought Government Bonds would be a bad idea?!? This whole thing simply boggles the mind. Another thing that boggles the mind is almost $900 BILLION paid in INTEREST in 2024! Thank you, fiscal conservative Republicans!

I don't think China is going to blink, this time. Diaper Don is way over his head this time around and totally lacks the bargaining chips - or skill - to accomplish anything. They are just not going to be bullied by a demented old man who shits his pants.

In the meantime, China is moving in where USAID has moved out, exerting even more influence throughout the world. The Felonious Fuckwad has overplayed his hand.

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