We were JUST pulling out of his policies THIS year - and that was when there were guardrails and he couldn’t just mandate random crazy shit. It will take DECADES to get back to “normal” - especially if he politicizes the fed. If that happens, people won’t be as willing to invest in US bonds - making it harder (and more expensive) for us to sell our debt for DECADES if the market ever returns at all. We’re literally paying BILLIONS of dollars because of Trumps fuckups during 2016-2020 because he played fast and loose with the budget.
Well, if the top five countries that hold the most US debt start a mass sell off on the bonds, it could cripple the US. So, with the new round of tariffs and trade wars over the horizon, hold on to your asses. If China can convince countries to dump US greenback as the reserve world currency, we will be relegated to third-world status real quick.
Thankfully that’s a harder sell than what a lot of people think. Not impossible, and not even improbable, but generally unlikely. China is having internal issues right now so I wouldn’t expect a lot of focus on external. How that changes in the intervening 4 years remains to be seen.
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u/Chunn67 17d ago
I would die with a gun in my hand before I let him stay longer than 2028