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The current time is Mon Apr 28 14:53:00 2025
Utopia Talk / Politics / LOL The US is fucked
Dukhat
Member | Fri Apr 11 10:37:34 Bond yields are fucked. Dumbass Donnie picking the stupidest economic advisor he could find off amazon books cooked us. Dumbas wants to get rid of trade deficits. Guess what they spend the money they make off us? They buy our bonds and debt. Fucking dumbass Trump. |
jergul
large member | Fri Apr 11 10:41:33 I was not brave enough to suggest that if the trade deficit decreases, then demand for bonds would decrease. 12.5 by 2020. Who knows why the bumblebee economy continues to flap about. |
Rugian
Member | Fri Apr 11 11:28:17 We can just have the Fed buy all of that debt instead. (And if they don't, then we can blame everything on Jerome Powell. Win win!) |
Seb
Member | Fri Apr 11 11:30:04 Rugian: Print money for the win! |
jergul
large member | Fri Apr 11 12:04:50 Ruggy Yepp, dollar devaluation (in the 30% to 50% range) by various means seems likely. |
Seb
Member | Fri Apr 11 14:33:41 Ah, 7% mortgage rates in the US. Trump gone done a Truss-terfuck. |
Rugian
Member | Fri Apr 11 18:00:54 Oh no, 7% interest rates! We haven't seen that level since...*checks notes* February. Pshaw. You two have been betting against America for decades now. Keep doubling down on a losing position. |
jergul
large member | Sat Apr 12 05:43:36 Ruggy I stopped betting after the 12.5 by 2020. The US has not functioned by normal economic rules. Take the subprime crisis. Entirely predictable as the 12.5 by 2020 predicted. That the global economy responded to a US made global crisis by pouring money into the US and then slipping into austerity mode many places. Well, that was just crazy. So no bets. I simply noted that you thinking devaluation is on the table seemed likely. But who knows? |
Sam Adams
Member | Sat Apr 12 08:05:34 "I stopped betting after the 12.5 by 2020. The US has not functioned by normal economic rules. " Lol |
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