Supreme Court declares Trumps tariff binge illegal

So that great big beautiful pot of cash that was going to pay for everything, including all those cheques everyone was getting just disappeared. And it gets worse. Some countries (like mine) are due refunds. Australia in in line for a $1.4 billion return of funds. No. We dont want it in used submarines.. Gold will do nicely..😷
https://www.abc.net.au/news/2026-02-21/supreme-court-rules-against-donald-trumps-tariffs/106371286

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Khenpal1 · M

Its just noise , translated it means 400 billions less treasure bonds sold or simply sold by not renewing. More debt for USA to pay off. More companies will diversify.

whowasthatmaskedman · 70-79, M

@Khenpal1 If only it were that simple.. When others dont buy American Treasury bonds, the Fed mandates that banks have to buy more to comply and US pension funds are also pushed into buying more. That doesnt sound so bad. But the value of those bonds is exclusively in printed $ and as ther purchasing power of the $US drops the value of the banks looks risky. This is exactly what happened to the Silicone Valley bank. And the purchasing power of everyones pension fund drops, And lets not forget Social Security is also a big holder and already heading for insolvency..😷