EPSTEIN TOOL TRUMP CONINTUES TO DEMOLISH THE US ECONOMY
TAX CUTS FOR THE SUPER RICH HAVE SENT US DEBT COSTS SOARKING
WILL FUEL INFLATIONARY WAVE CREATED BY TRUMP S TARIFFS
THE END OF THE USA WILL SPELL THE END OF THE WEF ELITE WHO HAVE DEMOLISHED THEIR OWN POWER BASE, THE USA
JAMIE DIMON SHOWS HE HAS NOT UNDERSTOOD THE NEW GEOPOLITICAL ERA BY PICKING WEF POLITICAL HACKS LIKE TONY BLAIR TO JOIN A NEW CENTRE TO HELP THE SUPER RICH NAVIGATE THE MULTIPOLAR WORLD
THE SUPER RICH S ERA OF RIGGING MARKETS BY ORGANIZING RINGS OF BLACKMAILED OR BRIBED POLITIICANS IS OVER
A GENUINELY FREE MARKET ERA IS ABOUT TO BEIN AND THE WEF ELITE MAY FIND THEMSELVES ON TRIAL AND HANDING OVER TRILLIONS IN FINES GIVEN HOW WELL KNOWN SOROS, GATES CRIMES ARE TO THE RUSSIANS AND CHINESE COURTESY OF THE GREEK PROSECUTOR PROBES
As Robert Reich points out, Trump s policies and tax cuts are all designed to make the super rich elite richer and all the other Americans poorer as they have to pay ever more interest on Americans soaring debt.
https://www.theguardian.com/commentisfree/2025/may/21/us-credit-rating-debt-fix
Trump s bill with tax cuts for the wealthy, which passed the House, resulted in another sell off of US bonds yesterday which pushed interest rates on US growing debt ever higher.
The tax cuts will likely also fuel inflatinary wave which Trump s tariffs have set in motion.
They are unlikely to stimulate US businesses much in the current environment and so to generate significant economic growth or additional tax revenue.
The end result? America s debt, fiscal deficit and inflation are all set to grow.
The USA is now in the end phase of the Greek debt death spiral. But without the EU tax payers at hand to pay off the bankers interest.
The US dollar is also no longer able to act as a credit card as its reserve currency diminishes.
WEF elite like Trump and Larry Fink seem to hope Bitcoin and Stablecoin can be used to conjure up a credit out thin air to support the dollar when the cryptos are undermining the dollar by attracting money into a vacuum and Ponzi scheme.
Jame Dimon has reacted to the catastrophe he and th WEF elite and their political instruments have caused by opening a centre to help the the super rich invest their ill gotten gains in the new multipolar world.
He has chosen WEF politicians like Condolezza Riche, Tony Blair and Pual Ryan showing he has not understood the problem of the new era.
The new geopolitical era will not be one where a super elite can rig markets using political cronies as they have done in the West until now using tools like Trump, Obama.
The WEF super elite have long been identified by Russia and China as their number 1 enemy thanks to the Greek prosecutor probes capturing Gates andSoros in 2015 in crimes against a reporter.
Who wll pity the ultra greedy, egomaniacal super elite when they end up in prison in Beinjing or Moscow or even in some third world court for their many crimes?
From media
Treasury debt continued its wild ride on Wednesday, with yields soaring amid concerns about the U.S. government’s unsustainable deficit spending.
The yield on the 30-year Treasury bond surged as high as 5.1%, its highest level since November 2023, on Wednesday after a surprisingly weak 20-year Treasury note auction. The 10-year Treasury yield, which influences interest rates on all kinds of consumer and commercial loans, climbed to about 4.61%, its highest level since February.
The Treasury on Wednesday announced the results of a 20-year note auction in which demand was notably weaker than in last month’s sale. The auction’s highest yield rose to nearly 5.05% from 4.81% a month ago, while the bid-to-cover ratio, a common measure of demand, fell to 2.46 from 2.63.
Rising yields weighed on stocks. The S&P 500, trading marginally lower at midday, tumbled to finish the session down 1.6%, notching its second consecutive day of declines.
Higher Yields Pose Problem for Stock Market
Yields at their current levels could pose a problem for the stock market. Not only do high yields translate into higher interest rates on consumer and commercial loans, they also reduce the appeal of risky assets.
https://www.investopedia.com/treasury-yields-soar-as-ballooning-us-deficit-worries-wall-street-11739473
From media
The U.S. bank unveiled JPMorganChase Center for Geopolitics (CfG) on Wednesday, an advisory service to help clients “successfully navigate the increasingly complex global business landscape.”
...
These include former U.S. Secretary of State Condoleezza Rice, former Prime Minister of Great Britain and Northern Ireland Tony Blair, and former Speaker of the U.S. House of Representatives Paul Ryan. They will be taking part in a video series for the bank.
From media
You may have heard that the US’s debt is held mainly by foreigners. Wrong. More than 70% of it is held by Americans – and most of them are wealthy.)
This means that an ever-increasing portion of the taxes from the rest of us are dedicated to paying ever-increasing interest payments on the debt – payments that go largely to the super-rich.
So when the debt of the United States is downgraded because Trump Republicans are planning another big tax cut mainly benefiting the rich and big corporations, most Americans could end up paying in three different ways:
They’ll pay even more interest on the growing debt – to the super-rich.
They’ll pay higher interest rates on all other long-term debt. (As higher rates on treasury bonds waft through the economy, they raise borrowing costs on everything from mortgages to auto loans.)
The debt crisis will give Republicans even more excuse to do what they’re always wanting to do: slash safety nets. So many Americans could lose benefits they rely on, such as Medicaid and food stamps.
The “bond vigilantes” are not the cause of this absurdity. Neither is Moody’s or the other credit-rating agencies. Nor, for that matter, is the growing national debt.
What’s the underlying cause? Just follow the money. It’s the growing political power of the super-rich and big corporations to lower their taxes at the expense of most Americans.
https://www.theguardian.com/commentisfree/2025/may/21/us-credit-rating-debt-fix
https://www.zerohedge.com/political/trumps-big-beautiful-bill-narrowly-passes-house-215-214-vote
The bottom line: The cost of interest on America's national debt is already soaring. If rates remain as high as they are now, the U.S. could owe $40 trillion more in interest payments alone over the next 30 years.
....
Reality check: Independent budget experts see that as laughable.
The Joint Committee on Taxation projects the House reconciliation bill would increase deficits by $3.8 trillion through 2034.
The Penn Wharton Budget Model projects deficits of almost $3.3 trillion, even when accounting for "positive economic dynamics."
Moody's, which downgraded the U.S. credit rating on Friday, estimates that extending Trump's 2017 tax cuts alone — a central component of the bill — would add $4 trillion to the deficit over the next decade.
https://www.axios.com/2025/05/21/trump-tax-cuts-budget-deficit-debt
Treasury debt continued its wild ride on Wednesday, with yields soaring amid concerns about the U.S. government’s unsustainable deficit spending.
The yield on the 30-year Treasury bond surged as high as 5.1%, its highest level since November 2023, on Wednesday after a surprisingly weak 20-year Treasury note auction. The 10-year Treasury yield, which influences interest rates on all kinds of consumer and commercial loans, climbed to about 4.61%, its highest level since February.
The Treasury on Wednesday announced the results of a 20-year note auction in which demand was notably weaker than in last month’s sale. The auction’s highest yield rose to nearly 5.05% from 4.81% a month ago, while the bid-to-cover ratio, a common measure of demand, fell to 2.46 from 2.63.
Rising yields weighed on stocks. The S&P 500, trading marginally lower at midday, tumbled to finish the session down 1.6%, notching its second consecutive day of declines.
Higher Yields Pose Problem for Stock Market
Yields at their current levels could pose a problem for the stock market. Not only do high yields translate into higher interest rates on consumer and commercial loans, they also reduce the appeal of risky assets.
https://www.investopedia.com/treasury-yields-soar-as-ballooning-us-deficit-worries-wall-street-11739473
https://www.mmnews.de/wirtschaft/233909-ki-wird-der-strom-knapp
https://www.handelsblatt.com/finanzen/anlagestrategie/trends/geldanlage-so-investieren-superreiche/100126549.html
https://www.cnbc.com/2025/05/22/global-bonds-selloff-investors-turn-away-from-long-dated-debt.html
US-Präsident Donald Trump hat ein Problem: er versteht nicht, dass die gigantischen Schulden und nicht das Handelsbilanzdefizit der USA das Problem sind, Gold und Bitcoin aber geben das Signal, dass die USA faktisch insolvent sind, wenn es so weiter geht. Heute könnte das US-Abgeordnetenhaus die „Big Beautiful Bill“ durchwinken – im US-Senat wird es aber deutlich schwieriger. Gestern sorgte eine schwache Auktion einer 20-jährigen US-Staatsanleihe für einen Abverkauf an den Aktienmärkten – Schulden sind jetzt plötzlich auch für die Aktienmärkte ein Thema, weil die Renditen deutlich steigen und damit Geld immer teurer wird (das wirft die Frage nach Bewertungen auf). Bitcoin erreicht heute Nacht ein neues Allzeithoch, Gold ebenfalls weiter im Aufwind, die Anleihemärkte rebellieren: es ist eine Abstimmung mit den Füßen gegen Trumps Schuldenorgie..
https://finanzmarktwelt.de/gold-und-bitcoin-usa-ist-insolvent-trump-versteht-das-problem-nicht-videoausblick-349828/
https://www.derstandard.at/story/3000000263747/kann-bitcoin-den-dollar-als-leitwaehrung-abloesen-blackrock-chef-larry-fink-glaubt-daran
Stefani Reynolds | Bloomberg Creative Photos | Getty Images
A sell-off in global bonds is accelerating as Moody’s downgrade of U.S. credit rating and President Donald Trump’s tax bill has brought to fore investors’ fiscal concerns globally.
Events such as credit rating downgrades or budgets that risk expanding deficits tend to bring fiscal concerns front and center of investors’ minds, forcing them to reprice long-end risk, said Rong Ren Goh, Portfolio Manager, Fixed Income, Eastspring Investments.
While Trump was unable to sway GOP dissenters to support his broad tax bill that could drive U.S. debt higher by a projected $3 trillion to $5 trillion, it appears to have triggered a global bond rout.
“Markets do not find Trump’s “big, beautiful tax bill” beautiful at all,” said Vishnu Varathan, a managing director at Mizuho Securities. “USTs were beaten up in an ugly sell-off.”
The U.S. 30-year Treasury yield broke above the key 5% mark for the second straight day, breaching the level last reached in November 2023. It is currently holding at 5.088%. The benchmark 10-year Treasury yield
has climbed over 15 basis points since the start of the week.
The sell-off in Treasurys comes on the back of the exodus in American assets in April, and is largely owed to investors’ declining confidence in U.S. assets, said market watchers.
When investors dumped U.S. Treasuries last month, they turned to bonds in Japan and Germany. This time, the Treasury sell-off is accompanied by investors exiting bonds across several major markets.
Contagion effect — and more
The sell-off in long-duration bonds in each market has been driven by distinct factors, with the common thread being a growing unease with worsening fiscal trajectories. “These concerns are prompting a reassessment of the term premium required to hold longer-dated bonds,” said Goh.
Japan’s 40-year government bond yield hit a record high of 3.689% Thursday. The country’s 30-year government bond yield has also been hovering near all-time highs at 3.187%.
The yield on Japan’s benchmark 10-year government bond has climbed 9 basis points to 1.57% so far this week.
The rapid steepening of Japan’s government bond yield curve is owed to several reasons, but the key one is structural. Japanese life insurance companies, who used to buy long-term bonds in droves to comply with certain solvency regulations are no longer doing that, as they have largely met the regulatory criteria, according to Bank of America.
Additionally, the Bank of Japan’s inclination to tighten its monetary policy, which collides with the Asian nation’s fiscal woes, also have a hand in fueling the bond sell-off, said Varathan.
The sell-off in Japanese government bonds poses a bigger problem for U.S. sovereign debt. “By making Japanese assets an attractive alternative for local investors, it encourages further divestment from the U.S.,” George Saravelos, Deutsche Bank’s global head of FX strategy wrote in a note.
German government bonds — known as bunds — are also being dumped. Yield on 30-year German debt are up over 12 basis points, while the 10-year yield is up over 6 basis points.
“The removal of the German debt brake in tandem with continental re-armament, alluding to an end of Europe’s pro-austerity bias and a revival of regional growth prospects were, arguably, the catalyst for the process [bond sell-off],” said Philip McNicholas, Asia strategist of the global macro fixed income team at Robeco.
German bunds are also pressured by wider deficits, which are likely to be structural, Mizuho Securities’ Varathan said.
The 30-year Europe government bond yields have climbed over 12 basis points this week, and the 10-year yields are up about 7 basis points.
“Investors don’t really have much love for long duration bonds right now,” Steve Sosnick, chief strategist at Interactive Brokers told CNBC.
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