Will Trump bankrupt the US entirely?

[Yellowtail]

7 minutes ago, 1FinickyOne said:

So, how is it working out so far? 

Oh, what is it, four months? A lot of prices down, have you seen gas lately? 

[Yellowtail]

5 minutes ago, 1FinickyOne said:

I was an importer into the USA for a while. If there were taxes [duty] on any imported items, I had to pay it. My suppliers did not. Plain and simple. 

Your customers had to pay it, and it makes the import less desirable, effectively punishing the foreign manufacture. You operated a business and honestly did not know what I meant? 

 

In any event, if you had been buying from domestic manufacturers, you'd have had to pay their corporate income taxes, and you'd have passed that on to your customers as well, yes? 

[save the frogs]

This just came into my feed on Youtube.

 

This guy claims there is a "US DE-Dolarization AGENDA" taking place and that Bitcoin is about to replace the US dollar. 

 

Is that what Trump is deliberately doing with tariffs, etc ... ? I really don't know. It's above my pay grade. 

 

 

[cjinchiangrai]

De dollarization, yes but by selling oil in Euros and Yuan, and by replacing the SWIFT system for funds transfers. Bit coins are a scam, always have been.

[CallumWK]

Just in, more winning''

 

https://finance.yahoo.com/news/us-government-says-247-000-123417606.html

 

 

The US government says 247,000 people applied for unemployment benefits last week, the most in eight months.

 

[Yellowtail]

1 minute ago, CallumWK said:

Just in, more winning''

 

https://finance.yahoo.com/news/us-government-says-247-000-123417606.html

 

 

The US government says 247,000 people applied for unemployment benefits last week, the most in eight months.

 

Government employees, woo-hoo! 

 

More winning indeed! 

[save the frogs]

11 hours ago, cjinchiangrai said:

De dollarization, yes but by selling oil in Euros and Yuan, and by replacing the SWIFT system for funds transfers. Bit coins are a scam, always have been.

 

I don't really understand bitcoin. But this guy in the video is also recommending precious metals, real estate ... 

 

But the main point is he is predicting Trump's madness to lead to a significant de-valuation in the US dollar. 

 

No idea if he can be trusted. 

 

What about Thai Baht though? What about other currencies as a safeguard of depreciating dollar? 

 

[Yellowtail]

2 minutes ago, save the frogs said:

 

I don't really understand bitcoin. But this guy in the video is also recommending precious metals, real estate ... 

 

But the main point is he is predicting Trump's madness to lead to a significant de-valuation in the US dollar. 

 

No idea if he can be trusted. 

 

What about Thai Baht though? What about other currencies as a safeguard of depreciating dollar? 

 

Anyone that knows what the dollar is going to do, is not going to tell a bunch of knuckleheads on YouTube. 

 

 

[save the frogs]

11 hours ago, Yellowtail said:

Anyone that knows what the dollar is going to do, is not going to tell a bunch of knuckleheads on YouTube. 

 

 

Maybe he's a huckster just trying to sell Bitcoins. 

Or he could believe what he's saying ... but who knows? I'm not touching Bitcoin. I barely understand what it is. 

[frank83628]

6 minutes ago, Yellowtail said:

Anyone that knows what the dollar is going to do, is not going to tell a bunch of knuckleheads on YouTube. 

 

 

Or asean now

[Yellowtail]

2 minutes ago, save the frogs said:

Maybe he's a huckster just trying to sell Bitcoins. 

Or he could believe what he's saying ... but who knows? I'm not touching Bitcoin. I barely understand what it is. 

Again, if you know what's going to happen, telling strangers makes no sense. 

[Yellowtail]

1 minute ago, frank83628 said:

Or asean now

Do you believe ANY of the leftists going on and on about haw Trump is going to destroy the US economy have divested themselves from there US holdings? I do not. 

 

There just like climate alarmists buying beachfront homes...

[Dan O]

8 hours ago, JaxxBKK said:

 

Thank you

 

This is another huge issue. It may top interest rates moving upward. It's conceivable that no one buys the debt. That's serious business and would mean the Fed has to add yet more debt to it's balance sheet.

 

Much we don't know about Fed especially after 2008.

 

Yellin was an absolute disaster and much of the inflation problem - she kept rates low to stimulate a morabund economy on life support and even injected trillions.

seems your lips are moving but the words just get in the way. Better take a good hard look at all of what trump is doing especially with his big beautiful bill he's trying to push thru if you worry about adding debt. Then after you digest that go back and brush up on economics so you can get on the same page as reality of the impacts of where trump and the gop is taking the country

[frank83628]

3 minutes ago, Yellowtail said:

Do you believe ANY of the leftists going on and on about haw Trump is going to destroy the US economy have divested themselves from there US holdings? I do not. 

 

There just like climate alarmists buying beachfront homes...

Inflation lower, gas lower, groceries lower, jobs higher, tariffs bringing n billions, steels, car manufacturing...  I guess this doesn't apply if you live in california right?

[Dan O]

49 minutes ago, Yellowtail said:

Your customers had to pay it, and it makes the import less desirable, effectively punishing the foreign manufacture. You operated a business and honestly did not know what I meant? 

 

In any event, if you had been buying from domestic manufacturers, you'd have had to pay their corporate income taxes, and you'd have passed that on to your customers as well, yes? 

Your google degree in international finance and trade has expired and you need to reenroll in trump univ. 

[Yellowtail]

1 minute ago, Dan O said:

seems your lips are moving but the words just get in the way. Better take a good hard look at all of what trump is doing especially with his big beautiful bill he's trying to push thru if you worry about adding debt. Then after you digest that go back and brush up on economics so you can get on the same page as reality of the impacts of where trump and the gop is taking the country

I think the spending cuts, the tax cuts and the welfare reform in the bill are great. 

 

I don't remember you howling when that POC Harris was promising "no-tax-on-tips". If was great back then. 

 

I remember that buffoon Biden lying and saying he was going to raise taxes on billionaires and not a peep out of anyone here when he did nothing...

[Yellowtail]

2 minutes ago, Dan O said:

Your google degree in international finance and trade has expired and you need to reenroll in trump univ. 

Is that all you have lefty? What have I said that is even debatable? 

[frank83628]

1 minute ago, Yellowtail said:

I think the spending cuts, the tax cuts and the welfare reform in the bill are great. 

 

I don't remember you howling when that POC Harris was promising "no-tax-on-tips". If was great back then. 

 

I remember that buffoon Biden lying and saying he was going to raise taxes on billionaires and not a peep out of anyone here when he did nothing...

But but but.... Trump bad

[Dan O]

7 minutes ago, Yellowtail said:

Is that all you have lefty? What have I said that is even debatable? 

pretty much all that you write. you take complex issue, distill it down to small sound bites to try to support your narrative and leave out anything that might contradict your idea of whats happening or what impacts the issues your commenting on.

 

Im not a lefty by any means and Ive told you that but I guess you just cant fix stupid. Trying to rewrite the narrative to fit your agenda is gaslighting and thats all you do.

[CallumWK]

4 minutes ago, frank83628 said:

But but but.... Trump bad

 

Nobody as blind as those who don't want to see. I recall MAGA's always highlighted how smart Musk was because he supported Trump.

 

Looks like something changed lately, and Musk got even smarter

 

https://www.cnbc.com/2025/06/04/musk-trump-tax-bill.html

 

Musk whips opposition to Trump tax plan: ‘KILL the BILL’

 

• Elon Musk ramped up his attacks against the massive tax-cut bill President Donald Trump is pushing Congress to pass.
• Musk began vocally criticizing Trump’s “one big, beautiful bill” the day before, when he slammed it as a “disgusting abomination.”
• The ongoing barrage comes days after Musk ended his work as head of the so-called Department of Government Efficiency.

[Mike_Hunt]

On 6/4/2025 at 8:29 AM, BLMFem said:

That's a given as the biggly big bill will focus on giving tax breaks to the rich.

What is with this dumb narrative? 

[Dan O]

10 minutes ago, Yellowtail said:

I think the spending cuts, the tax cuts and the welfare reform in the bill are great. 

 

I don't remember you howling when that POC Harris was promising "no-tax-on-tips". If was great back then. 

 

I remember that buffoon Biden lying and saying he was going to raise taxes on billionaires and not a peep out of anyone here when he did nothing...

 I have never said I supported Harris  or anything else you claim but your claims dont work unless you can change the topics and comments to match your off base bs. Gaslighting because you cant support your claims when called out. 

[Yellowtail]

1 minute ago, CallumWK said:

 

Nobody as blind as those who don't want to see. I recall MAGA's always highlighted how smart Musk was because he supported Trump.

 

Looks like something changed lately, and Musk got even smarter

 

https://www.cnbc.com/2025/06/04/musk-trump-tax-bill.html

 

Musk whips opposition to Trump tax plan: ‘KILL the BILL’

 

• Elon Musk ramped up his attacks against the massive tax-cut bill President Donald Trump is pushing Congress to pass.
• Musk began vocally criticizing Trump’s “one big, beautiful bill” the day before, when he slammed it as a “disgusting abomination.”
• The ongoing barrage comes days after Musk ended his work as head of the so-called Department of Government Efficiency.

Hmmm, I don't remember anyone claiming Musk was smart because he supported Trump. I think you are making that up. 

 

I think Musk is smart, because Musk is smart. 

 

The left seemed to be claiming he was stupid, but now that he's saying things they like, he's back to being smart. 

[BLMFem]

18 minutes ago, frank83628 said:

Inflation lower, gas lower, groceries lower, jobs higher, tariffs bringing n billions, steels, car manufacturing...  I guess this doesn't apply if you live in california right?

Or in Russia.

[CallumWK]

2 minutes ago, Yellowtail said:

I think Musk is smart, because Musk is smart. 

 

Thanks for confirming that Musk just get smarter, the rest of your post are just pedantic because you have nothing else to say.

 

https://www.cnbc.com/2025/06/04/musk-trump-tax-bill.html

 

Musk whips opposition to Trump tax plan: ‘KILL the BILL’

[Yellowtail]

Just now, Dan O said:

 I have never said I supported Harris  or anything else you claim but your claims dont work unless you can change the topics and comments to match your off base bs. Gaslighting because you cant support your claims when called out. 

I never said you supported that POC Harris. What I said was: I think the spending cuts, the tax cuts and the welfare reform in the bill are great. 

 

I don't remember you howling when that POC Harris was promising "no-tax-on-tips". It was great back then. 

 

I remember that buffoon Biden lying and saying he was going to raise taxes on billionaires and not a peep out of anyone here when he did nothing...

 

Anything about you supporting that POC Harris in that? 

 

No. 

[Yellowtail]

1 minute ago, CallumWK said:

 

Thanks for confirming that Musk just get smarter, the rest of your post are just pedantic because you have nothing else to say.

You just didn't like what I said. What I said was: 

 

Hmmm, I don't remember anyone claiming Musk was smart because he supported Trump. I think you are making that up. 

 

I think Musk is smart, because Musk is smart. 

 

The left seemed to be claiming he was stupid, but now that he's saying things they like, he's back to being smart. 

 

 

[Cameroni]

13 minutes ago, CallumWK said:

Looks like something changed lately, and Musk got even smarter

 

You're completely wrong. All that happened was that Trump removed some tax incentives  for EVs which upset Tesla owner Musk. 

 

Trump also did not support Musk's proposal for new NASA chief.

 

Purely self interested reasons why he doesn't like the bill.

 

The bill is actually a good first step to cut government spending.

[BLMFem]

2 minutes ago, Cameroni said:

 

You're completely wrong. All that happened was that Trump removed some tax incentives  for EVs which upset Tesla owner Musk. 

 

Trump also did not support Musk's proposal for new NASA chief.

 

Purely self interested reasons why he doesn't like the bill.

 

The bill is actually a good first step to cut government spending.

So is Musk smart or not? Seems you MAGA guys can't make up your minds. Must be hard for you, though. This is probably the first time you've seen Daddy and Daddy fighting.

[frank83628]

20 minutes ago, CallumWK said:

 

Nobody as blind as those who don't want to see.

So you saw bidens punlic cognitive decline then right?... ..