Zerohedge tries to blame China for the massive sell off of US Treasuries and increase in the debt cost.
But Zerohedge misses the point as always.
Whether China sold off US debt as it said it would or others, the US economy and with it, the government s capacity to fund its debt, is on the verge of an economic nuclear winter. All this thanks to the craziness of Trump and the silence, omission, complicity or plain incompetence of US media like Zerohedge.
Recall Scott Bessent and Trump appear to have been willing to induce a recession precisely to get the interest rates and inflation down and ensure the private bankster owning US debt and dollar assets are more protected from inflation.
The parallels for the motive for the Business Plot in 1933 are clear when a group of banksters, including Prescott Bush, tried to take over the US government by a coup.
https://en.wikipedia.org/wiki/Business_Plot
But to call Navarro, Bessent, Trump and his cronies truly moronic is to flatter them.
Their scheme has backfired spectacularly.
If the private Fed intervenes to lower interest rates to boost jobs and business, it will cause inflation in a recessionary environment caused by a supply chain shock.
If it lowers interest rates, investors will be more wary of buying bonds given the future prospects of the US economy due to the tariff trade supply chain and inflation shock.
Trump, Bessent have to cancel, postpone all tariffs immediately to save themselves from prison.
The sooner they do it the better. As the economy implodes, they have ever less leverage in so called negotations.
They should not project onto their MAGA voters an IQ of 40 like their media tools Zerohedge, Steve Bannon and Alex Jones who are trying to spin Trump s self induced economic implosion as a fight to save American jobs from China, whose exports now make the US consumer relatively wealthy and supply vital parts for US businesses, creating jobs!
China is going to come out the winner with its far stronger economy and financial powers and buy up the West!
Trump and his cronies face a wipe out at the elections if theyare not removed before then.
If Beijing takes over the wrecked USA, it may be death row for Trump, Soros, Kushner, Navarro and their cronies for their global covid, war, financial and censorship crimes.
From Zerohedge
The 30-year bond briefly breached 5%. The always important 10-year yield rose above 4.5% as yields marched incessantly higher from around 10 pm until just after midnight. They are currently back to 4.37%, about 7 bps higher than where they closed.
https://www.zerohedge.com/markets/tariffs
No comments:
Post a Comment