Anxious
Only logged in members can reply and interact with the post.
Join SimilarWorlds for FREE »

It would seem the only thing Trump listens to is the bond market.

This page is a permanent link to the reply below and its nested replies. See all post replies »
FreddieUK · 70-79, M
I'm told (because I don't fully understand these things) that China holds so much American debt in the form of bonds that there was a danger it could call it all in immediately. It appears that USA debt had been offshored to a dangerous point. Don't tell me that Trump knew this until someone managed to break through his thick skull with the evidence in red on the screens in front of him.
Bumbles · 51-55, M
@FreddieUK He mentioned the bond market, but I agree, he knows nothing. Someone told him he was messing with something so fundamental to the US Economy, 1929 would be tinker toys. He is already messing with the "full faith and credit of the US" as investors look to more stable economies in which to invest. Combined with the debt busting bill working its way through Congress, and we could be looking at the worst case scenario, the US not being able to pay its creditors or sell its debt. If the US was forced to print money to pay its debt we're in hyper inflation.

Trump blinked, but there was damage done and more to come.
@Bumbles He listens to those imaginary voices in his head telling him “Mr President, sir, you’re doing a wonderful job!”

And he taught Peter Navarro how to quote those voices in his own head.”