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Lying To The World Is Setting Up An Economic Bomb [1]
['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']
Date: 2025-04-24
As of today, it can’t be denied we have a treasury secretary and administration willing to completely abandon the trust worthiness of American leadership and our economic systems to cover Trumps complete failure of policies and the economic meltdown it keeps causing.
I discussed yesterday how Bessent, unlike all his predecessors, has been actively manipulating this administration and the global economic system in order to dupe the world into still financing what is a clear clown show and threat to the current economic order. While manipulating markets to a degree has always taken place, the whole fabrication of a completely false economic and political reality has never taken place before because of the understood damage it could do to the foundation of our economic system.
Today, China, as I predicted, came out and stated everyone is lying about what has happened. No actual serious discussions have taken place. They clearly have not talked to any officials in China, and Xi clearly understands the position he has Trump and the U.S. in now with his refusal to even take a call from Trump at this point.
We have crossed a rubicon we never have before. It was understood that, despite the impact politically, the treasury and fed were meant and built to be independent from the rest of the governments mechanics to create a stable market no matter the political and cultural temperature of the country. This led to the U.S. dollar and economy being the safe haven for equity post WW2 and the central player of the world economy.
Those days are over. This con will work as long as investors believe China can and will act based on what we say, and as of now, it clearly is working. Despite everything saying the opposite, it seems investors as of now think the worst is over. But nothing has changed other than Donald Trump caving overnight and putting us in a worse position than we have ever been in the world economy.
Once all this truly sinks in, enough economic damage piles up that lies and fudged data can’t cover it, and investors truly understand there is nothing under this market anymore, the real pain will come. The cracks are beginning to show in all the real world economic data, and sandbags can only hold back the rising tides for so long. Pray for a soft landing, but plan for a hard possible crash in the next two years.
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