Trump’s ignorant and dangerous game of ‘red light – green light’ may destroy America’s economy. It’s not IF it will happen, — it’s simply how long will it take.
He may relish receiving standing ovations from those with the mental acuity to savour watching a witless moron stand in front of another equally dull human and have his brains pounded out, — but the metaphor couldn’t be more apparent.
So put your gloves on America, and prepare to get pounded.
The most asinine thing of all is that Trump actually believes he is the better dancer, bobbing and weaving or doing the old rope-a-dope in front of Sugar Ray Xi.
I mean, just look at the physical prowess on display, right?
In what world?
Xi doesn’t have to make a deal. He simply has to wait until the avalanche of economic damage arrives for the average American family.
The costs to America in terms of what Trump intends to achieve is monumental.
And this is essentially on the very first days of what will become known as Trump’s depression and destruction of America.
China’s weapons are many, and Americans are in the process of constructing their own gallows.
As ‘the’ preeminent consumer nation on earth, and with a debt load that borders on stratospheric, an America where inflation rises rapidly, while stagnation, probable unemployment and a large mortgage to pay, freezes the will of Americans to cover the new 125% costs of Herr Trump’s self-imposed taxes.
Let’s face it folks. This is going to be ‘Fugly’.
And for the American farmer, and ostensibly the backbone supporter of MAGA, the costs will be high indeed. So high that their less than favourite bankers may force them into bankruptcy to recoup their ever-increasing losses as their soybeans sit in silos, unsold.
What’s worse? Brazil, Argentina and Canada will fill the void, ensuring the next year’s crop won’t be worth anything either.
Inflation, mortgages, the cost of borrowing, — are all going to rise rapidly.
Americans, with a private household debt to GDP ratio of more than 216% can’t hold out for long. Debt, both personally and nationally is off the scale and going the wrong direction.
Household debt hit a record of $16.9 trillion at the end of 2022.
Over 56% of American households can’t cover a $1000 emergency expense with cash or savings.
And America’s national debt is actually somewhere around 42 trillion dollars!
Soon, America will be paying as much for debt servicing as it does for Medicare, Medicaid, and defence.
So, all the more reason for Trump to go to the mat with China economically, right?
Trump suggests he has ‘all the cards’. He does, if the game were Pickup.
Otherwise he’s holding a hand of “2,3,4,5,9” praying for a “6”.
At no time in American history since the Smoot-Hawley Tariff Act almost a hundred years ago, has America made a more ignorant, stupid or irrational play on the international stage.
Yes folks, it took Trump, a five time bankrupt felon and rapist, to teach America the meaning of arrogance and buyer’s remorse.
Good on yah America.
I hope the chamber of the revolver you just put to your head is empty, or …..
Yah…
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