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Donald Trump the Megathread part II - Mod Warning added to OP 10/1/26

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Comments

  • #19052
    Tell me how
    Registered Users, Registered Users 2, Paid Member Posts: 23,829 ✭✭✭✭Tell me how


    Tulsi Gabbard in the news today because she signed a declaration that she was a resident of Texas, but then voted in Hawaii.

    All Trumps talk of illegal voters, and his Director of National Intelligence is one of the ones guilty of not voting where they should have.



  • #19053
    kneemos
    Registered Users, Registered Users 2 Posts: 22,142 ✭✭✭✭kneemos


    Is it possible he postponed tariffs just to piss off China?

    They had the audacity to challenge him.



  • #19054
    Sierra Oscar
    Moderators, Category Moderators, Computer Games Moderators, Society & Culture Moderators Posts: 8,781 CMod ✭✭✭✭Sierra Oscar


    https://www.boards.ie/discussion/comment/123342364#Comment_123342364

    In fairness we can't rule out the tariffs being back tomorrow given Trump's flip flopping on everything.



  • #19055
    yagan
    Registered Users, Registered Users 2 Posts: 6,981 ✭✭✭yagan


    https://www.boards.ie/discussion/comment/123342624#Comment_123342624

    It was all about the T bond sell off, similar to the lenders not liking Liz truss's plan to fund tax cuts from borrowings.

    It was the global markets exiting the USD.



  • #19056
    Larbre34
    Registered Users, Registered Users 2 Posts: 27,590 ✭✭✭✭Larbre34


    Nah, Trump has caved. The tariffs ploy is over.

    Folded like a cheap brasser getting hit in the belly with a bat.

    He had his collar felt by the boys and girls at the bond markets. And thats the only game in town. That 36 Trillion dollar national debt is mostly held abroad. If any tranche of it came up for refinancing and failed, or hit them with a sky high rate, then US Inc would be in default, and the likes of China could ruin the federal government by calling in all their markers at once.

    Trump went playing high stakes poker with a pair of twos, just like Britain did at Brexit time, and almost lost his shirt.



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  • #19057
    Jinglejangle69
    Registered Users, Registered Users 2 Posts: 8,441 ✭✭✭Jinglejangle69


    Bottled it.


    These last few months will be in history books in a thousand years.



  • #19058
    Will_I_Amnt
    Registered Users, Registered Users 2 Posts: 483 ✭✭Will_I_Amnt


    I just has a snoop on Twitter (Feck off Elon, it'll always be Twitter to me) - only to see it full of MAGA's giving high fives over market gains with "This is what I voted for" and "#winning"

    They're hilarious!

    So they all voted for a guy who since the high of February, wiped out almost $17 Trillion of value, regained $7.25 trillion, giving an overall loss of $9.75 trillion - and it's high fives and winning!

    MAGA are pathetic!



  • #19059
    kowloon
    Registered Users, Registered Users 2, Paid Member Posts: 14,038 ✭✭✭✭kowloon


    I enjoy seeing Trump **** up as much as the next man, but in a full on ecomomic war between China and America I'm not sure I want to see China emerge as the big dog. China is the more authoritarian menace. America could potentially reverse the slide and enact actual checks and balances that function based on what they've learned from this disaster.



  • #19060
    Trigger
    Moderators, Recreation & Hobbies Moderators, Social & Fun Moderators, Society & Culture Moderators, Paid Member Posts: 19,327 Mod ✭✭✭✭Trigger


    https://www.boards.ie/discussion/comment/123342686#Comment_123342686

    America could potentially reverse the slide and enact actual checks and balances that function based on what they've learned from this disaster.

    They could, but it definitely won't happen as long as Trump is in charge

    Moderator: Forum Games, Conspiracy Theories, Current Affairs/IMHO



  • #19061
    Will_I_Amnt
    Registered Users, Registered Users 2 Posts: 483 ✭✭Will_I_Amnt


    https://www.boards.ie/discussion/comment/123342686#Comment_123342686

    I don't think China would become the big dog, there's certainly no chance the Yuen is getting reserve currency status.

    I just wanna see them suffer enough so that it hurts so much that a MAGA type movement is guaranteed not to continue - or occur again in this lifetime!



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  • #19062
    My name is URL
    Registered Users, Registered Users 2 Posts: 25,617 ✭✭✭✭My name is URL


    The bond sell-off has started already, and the threats to China remain. I don't really know what the US are expecting in terms of that; by promising (yet still using) lesser tariffs for other countries.

    It's like being told that your abusive partner will only beat you half as much if you comply, and don't speak with any other beaten parties



  • #19063
    Will_I_Amnt
    Registered Users, Registered Users 2 Posts: 483 ✭✭Will_I_Amnt


    The White House will not release the list of 75 countries that have reached out on trade deals, despite requests from NBC News.

    Says it all. Kinda knew!



  • #19064
    DrPsychia
    Registered Users, Registered Users 2 Posts: 673 ✭✭✭DrPsychia


    https://www.boards.ie/discussion/comment/123342644#Comment_123342644

    Trump did cave and it's great to see him being put in his place.

    You can't demand immediate bond payment without repercussions for your investment. If China decides to sell all their bonds before maturity, the only option is to sell on the open market. What happens when there's an oversupply and not enough buyers? Prices drops. Their $800 billion worth of bonds could turn into $700-600 billion.

    The yuan would weaken and cause inflation to rise. Unemployment would soar, and the weakened USD and high US bond yield would cause Chinas other investments to fall in value because most of it is dollar denominated.

    China have started paring back US bonds holdings but nowhere near hundreds of billions(yet). They're probably doing this for two reasons;

    1. Spook the markets, fire a warning shot, and cause US bond yield to to rise, indicating weaker investor confidence in the USD lower confidence means it's more expensive for them to refinance their debt which could lead to US default.

    2. They need to inject cash into their economy in an attempt to offset some of the pain of US tariffs without devaluing the yuan.

    In saying all that; the US can not win this economic war with China.



  • #19065
    doyle55
    Registered Users, Registered Users 2 Posts: 133 ✭✭doyle55


    https://twitter.com/WhiteHouse/status/1910058352278708638

    It's like an abusive spouse.



  • #19066
    o1s1n
    Registered Users, Registered Users 2 Posts: 37,591 ✭✭✭✭o1s1n
    Master of the Universe


    https://www.boards.ie/discussion/comment/123342727#Comment_123342727

    Am I the only one reading that in the voice of The Borg?



  • #19067
    JohnFalstaff
    Registered Users, Registered Users 2 Posts: 900 ✭✭✭JohnFalstaff


    https://www.boards.ie/discussion/comment/123342729#Comment_123342729

    Sounds more like a Dalek to me



  • #19068
    kowloon
    Registered Users, Registered Users 2, Paid Member Posts: 14,038 ✭✭✭✭kowloon


    https://www.boards.ie/discussion/comment/123342694#Comment_123342694

    I just wanna see them suffer enough so that it hurts so much that a MAGA type movement is guaranteed not to continue - or occur again in this lifetime!

    People do seem to need to be reminded of the simple lessons of history time and time again. Until they see it in their bank balance and can't lie to themselves about the cause, I don't think they'll be inoculated against another Trump for another generation or two.



  • #19069
    o1s1n
    Registered Users, Registered Users 2 Posts: 37,591 ✭✭✭✭o1s1n
    Master of the Universe


    https://www.boards.ie/discussion/comment/123342734#Comment_123342734

    Haha I was actually going to write that too. The caps really do it. It's surreal stuff.



  • #19070
    astrofool
    Registered Users, Registered Users 2, Paid Member Posts: 17,850 ✭✭✭✭astrofool


    https://www.boards.ie/discussion/comment/123342727#Comment_123342727

    The item to note here is that this message went out and China did it anyway. They thumbed their nose at the prospect of a reward and belittled the US while doing so. This leaves MAGA in a very sticky situation of needing to but not being able to climb down.



  • #19071
    REDBULL68
    Registered Users, Registered Users 2 Posts: 326 ✭✭REDBULL68


    I think trumps plan was to tank the market, his tweet today " buy know " says it all ,alot of people are very richer tonight, as for the Chinese, no coincidense that today Ukraine say Chinese soldiers are fighting for Russia ,Trump is a name, the people really in charge have no public names .



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  • #19072
    aidanodr
    Registered Users, Registered Users 2 Posts: 2,237 ✭✭✭aidanodr


    So been watchin all this last few days and heard mutterings that in the white house, gop circles, trumps own interests etc that there has been insider trading and market manipulation going on. Imagine if this is proved

    https://twitter.com/atrupar/status/1910082049920184453
    https://twitter.com/SpencerHakimian/status/1910120891637186965


  • #19073
    sock.rocker*
    Registered Users, Registered Users 2 Posts: 1,450 ✭✭✭sock.rocker*


    https://www.boards.ie/discussion/comment/123342716#Comment_123342716

    I think China should be legitimately concerned that the US might cancel those Chinese-held treasuries. Trump is stupid enough to do it to try and rip them off, but that could ruin the US if others felt it could happen to them.

    It's pretty clear that economies are quite open to this complex bond market death spiral a la Truss. Like the reduced value of them triggering selling of other assets because of margin calls. And it seems like multiple countries banding together could cause it at any time by selling off trillions of debt.



  • #19074
    Will_I_Amnt
    Registered Users, Registered Users 2 Posts: 483 ✭✭Will_I_Amnt


    Fox News (of all places) have an interesting claim on who was dumping Treasury Bonds and they're saying it WASN'T the Chinese.....

    https://twitter.com/Acyn/status/1910035544798826725?t=hcv2SdKLqRCm5eVKsE7hzQ&s=19


  • #19075
    sock.rocker*
    Registered Users, Registered Users 2 Posts: 1,450 ✭✭✭sock.rocker*


    https://www.boards.ie/discussion/comment/123342782#Comment_123342782
    image.png

    The US is an actual joke.



  • #19076
    Larbre34
    Registered Users, Registered Users 2 Posts: 27,590 ✭✭✭✭Larbre34


    Imagine if its proved..........what?

    What if it is proved. Who cares. Nobody is going to do anything about it.

    For starters, there is nobody really left independent of Trump's crony influence and even if there were, they'll only get as far as whatever MAGA dominated Court shuts it down.

    As many of you probably know, it is the job of the US Securities and Exchange Commission to police just that sort of thing, yet they are a politicised organisation and have absolutely failed when they were needed in recent times, notably in 2008.

    And to top it off, the SEC got a new boss only one hour ago! Fella named Paul Atkins. Worth noting that he worked at the Commission before, but has spent the last decade as, what? A Wall Street Consultant!

    Here's what Bloomberg make of him:

    Atkins, approved Wednesday in a 52-44 vote, is expected to scale back regulation, reduce corporate disclosures and make SEC rules friendlier toward cryptocurrency companies, which battled in court with predecessor Gary Gensler. The new chair will also need to monitor the volatility triggered by the trade levies.

    So, as you can see, it would be more than naive to expect any consequences for any white collar offences, by anyone other than registered Democrats, for the duration of this ****-show.



  • #19077
    10000maniacs
    Registered Users, Registered Users 2 Posts: 5,923 ✭✭✭10000maniacs


    https://www.boards.ie/discussion/comment/123341562#Comment_123341562

    Millions of Americans are now in that position.

    The biggest being Tim Cook of Apple.



  • #19078
    Peregrinus
    Registered Users, Registered Users 2, Paid Member Posts: 28,401 ✭✭✭✭Peregrinus


    Never explain with a conspiracy theory that which can be adequately explained without one.

    Trump has always been quite shameless in his greed and corruption and, I agree, wouldn't hesitate to manipulate the markets and/or abuse the powers of his office to make private profit for himself.

    But I'm not convinced that that's what happened here — that Trump announced the tariffs in order to crash the markets, intending all along to reverse his position and profit from the market rebound. He U-turned because he had to. Having decided to U-turn he may have sought to profit from the associated market movements — I don't know that he did, but it wouldn't surprise me in the least. But I don't think that was the plan all along. He really does think the tariffs are a crash-hot idea, and he will be chagrined at having to change course.



  • #19079
    bog master
    Registered Users, Registered Users 2 Posts: 1,195 ✭✭✭bog master


    https://www.boards.ie/discussion/comment/123342824#Comment_123342824

    Is that the Tim Apple Trump refers to? 😁



  • #19080
    breezy1985
    Registered Users, Registered Users 2 Posts: 32,907 ✭✭✭✭breezy1985


    https://www.boards.ie/discussion/comment/123342584#Comment_123342584

    Lock her up

    Lock her up.



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  • #19081
    sock.rocker*
    Registered Users, Registered Users 2 Posts: 1,450 ✭✭✭sock.rocker*


    https://www.boards.ie/discussion/comment/123342867#Comment_123342867

    He says he only decided to delay the tariffs in the morning, and I believe him on that. Because as you say, it wasn't at all meant to play out like this.



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