Will Trump bankrupt the US entirely?

[Bohemianfish]

On 6/4/2025 at 4:17 AM, spidermike007 said:

It would appear to some of us that the big ugly spending bill is going to lead to a massive amount of additional debt, as Elon Musk and Ray Dalio very accurately state. Many of us would question the wisdom of giving huge tax breaks to the super wealthy when the US economy is already carrying an unsustainable amount of debt, and the interest rates required to service that debt continue to rise. It does not look like the Fed will be able to lower interest rates anytime soon, as the appetite for American debt seems to be waning dramatically, for at least a dozen good reasons. 

 

For those of us who don't buy into the sloganeering we realize that very little manufacturing is coming back to the US, five major US companies have just announced that they're shifting a significant amount of their production overseas to avoid reciprocal tariffs, and that trend is likely to just continue. In addition tourism to the US is way down, due to Trump's increasingly open hostility toward the majority of the planet. 

 

Trump, nor his substandard team seem to have absolutely no understanding of globalization and the inherent ecosystems within manufacturing, and he doesn't seem to understand why manufacturing has declined in the US over the last 55 years. It certainly didn't happen in a vacuum. 

 

I predict that Trump's attempts to impose tariffs and bring manufacturing back to the US will be a massive failure of epic proportions.

 

 

The chaos is going to ruin us. Tariffs haven't even been settled with a lot of countries and things can change either way.

[save the frogs]

11 hours ago, Bohemianfish said:

The chaos is going to ruin us. Tariffs haven't even been settled with a lot of countries and things can change either way.

 

I don't think Trump is acting alone.

I think he is pushing the globalist agenda.

 

Stage 1: Financial collapse of some sort.

 

Stage 2: Rolling out CDBC - centralized digital crypto .... that means the govt can monitor everyone's spending. And it may be tied to "Global Warming" because they may start to monitor too many expenditures that give you a high carbon footprint and block it. Also, criminals should be concerned because it may no longer be possible to engage in the black market.

 

I don't think it's financial bankruptcy and the end of the USA. But more likely a major rollout of digital blockchain currency, but a major recession first. 

 

Bankruptcy is not the word. I think RESET is a better word. 

 

 

[spidermike007]

17 hours ago, transam said:

I never said he lied to the Chancellor, I was referring to his verbal behaviour, but you carry on supporting a fruitcake, it's good fun............

I agree. If @ThreeCardMonte was not so annoying, devoid of facts, and virulent in his near pathological defense of an immoral vermin. 

[spidermike007]

2 minutes ago, save the frogs said:

 

I don't think Trump is acting alone.

I think he is pushing the globalist agenda.

 

Stage 1: Financial collapse of some sort.

 

Stage 2: Rolling out CDBC - centralized digital crypto .... that means the govt can monitor everyone's spending. And it may be tied to "Global Warming" because they may start to monitor too many expenditures that give you a high carbon footprint and block it. Also, criminals should be concerned because it may no longer be possible to engage in the black market.

 

I don't think it's financial bankruptcy and the end of the USA. But more likely a major rollout of digital blockchain currency, but a major recession first. 

 

Bankruptcy is not the word. I think RESET is a better word. 

 

 

You might be right, there's no question that there is an agenda in place, and there's no question that the goon is not the one who's making the decisions, he's just simply a willing puppet, supporting an agenda that feels rather heinous to me. 

 

It is never been about his supporters, and it certainly has never been about America, and making America a better place. 

[Yellowtail]

2 minutes ago, spidermike007 said:

You might be right, there's no question that there is an agenda in place, and there's no question that the goon is not the one who's making the decisions, he's just simply a willing puppet, supporting an agenda that feels rather heinous to me. 

 

It is never been about his supporters, and it certainly has never been about America, and making America a better place. 

Hey Mike, given the collapse of the US is imminent, are you going to sell the salon, your other business, and the rest of your US assets and move your capital offshore or are you just making it all up? 

 

[ThreeCardMonte]

11 minutes ago, spidermike007 said:

I agree. If @ThreeCardMonte was not so annoying, devoid of facts, and virulent in his near pathological defense of an immoral vermin. 

When your finished with your reach around go back and look at the real proof I posted.  Real words coming out of their mouth.

He provided nothing but hearsay.  Same as you.

 

 The reason you’re attracted to him.

[save the frogs]

11 hours ago, spidermike007 said:

You might be right, there's no question that there is an agenda in place, and there's no question that the goon is not the one who's making the decisions, he's just simply a willing puppet, supporting an agenda that feels rather heinous to me. 

 

It is never been about his supporters, and it certainly has never been about America, and making America a better place. 

 

People think Trump is a dictator. 

 

How much power does the WEF have? I wonder if he is answering to them? 

 

Also, FYI this American lawyer based in Thailand just made a rant about WEF influencing Thailand. 

 

 

[save the frogs]

11 hours ago, Yellowtail said:

Hey Mike, given the collapse of the US is imminent, are you going to sell the salon

The only guy brave enough to put his face in his avatar ... and now he's being mocked.

 

[jerrytr]

On 6/4/2025 at 6:23 PM, Yellowtail said:

All the sudden the left is concerned about spending. How funny is that? 

Do a little research on the last 10 presidents & I think you'll find the opposite. It's all public knowledge and on the government accountability sites. Not fox. Lol

[Yellowtail]

2 minutes ago, jerrytr said:

Do a little research on the last 10 presidents & I think you'll find the opposite. It's all public knowledge and on the government accountability sites. Not fox. Lol

I did the research on the government accountability sites, they said you were lying. 

[Srikcir]

What exactly is the consequence of a national bankruptcy?

Ecuador has declared itself bankrupt 10 times, most times among sovereign nations. Brazil, Mexico, Uruguay, Chile, Costa Rica, Spain and Russia have declared bankruptcy nine times during the same period. Germany has suffered from bankruptcy 8 times, followed by the US 5 times, China and UK 4 times, and Japan twice.                              https://www.tbsnews.net/world/6-major-countries-went-bankrupt-recent-times-453426

Despite Turkey's lira plunging in value, high inflation, rising borrowing costs, and correspondingly rising loan defaults, it is not bankrupt. The country is not currently in a state of sovereign default where it cannot repay its debts. https://en.wikipedia.org/wiki/Turkish_economic_crisis_(2018–current)

It appears that at least sovereignty continues that still empowers a nation to improve its economic credibility. Engage in foreign trade, sell national resources, attract foreign investment, etc. that constitute sovereign assets.  

The existence of a nation's sovereignty naturally, however, depends on its citizens, or perhaps a neighboring nation to force annexation through war. 

[Yellowtail]

8 minutes ago, save the frogs said:

The only guy brave enough to put his face in his avatar ... and now he's being mocked.

 

It's not his face, even he's not that stupid. 

 

If it is his face, all he has to do is tell me it's his and I'll apologize. 

[save the frogs]

11 hours ago, Yellowtail said:

It's not his face, even he's not that stupid. 

 

If it is his face, all he has to do is tell me it's his and I'll apologize. 

 

Some people don't like to hide themselves.

And if you are completely anonymous, you can tend to say things you ordinarily wouldn't say.

If it's not his face, then whose face is it? It's not a famous person.

Perhaps he can answer it. 

 

[spidermike007]

1 hour ago, jerrytr said:

Do a little research on the last 10 presidents & I think you'll find the opposite. It's all public knowledge and on the government accountability sites. Not fox. Lol

Correct, contrary to public opinion and the rhetoric, Republicans are truly The Big Spenders, and they have added to the accumulated deficit to an enormous degree. Trump spends money like he's a drunken sailor. 

[spidermike007]

1 hour ago, save the frogs said:

 

Some people don't like to hide themselves.

And if you are completely anonymous, you can tend to say things you ordinarily wouldn't say.

If it's not his face, then whose face is it? It's not a famous person.

Perhaps he can answer it. 

 

Yes. It is me. Some have told me I am handsome man. 

[Yellowtail]

1 minute ago, spidermike007 said:

Correct, contrary to public opinion and the rhetoric, Republicans are truly The Big Spenders, and they have added to the accumulated deficit to an enormous degree. Trump spends money like he's a drunken sailor. 

I did the research on the government accountability sites, they said you were lying. It was Democrats that spend all the money were responsible for the accumulated deficit to an enormous degree, often by funding all their billionaire cronies with government port. 

[Yellowtail]

3 minutes ago, spidermike007 said:

Yes. It is me. Some have told me I am handsome man. 

If that is you, you are a handsome man indeed, and I apologize. 

 

Do you have a hair business? 

 

 

[nauseus]

On 6/4/2025 at 6:46 PM, BLMFem said:

Really? Went up under Bush, down under Obama, massively up under Trump. I guess it's you guys who need to "get on the debt bandwagon", agree?

And now, if the biggly big bill goes through the deficit will skyrocket, according to Musk, who calls the bill a “disgusting abomination”.

 

https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/

 

More rot. See your own chart.

 

Went up under Obama for his first 4 years (after GFC), only "massively" up briefly under Trump due to Covid emergency.

 

Then, of course, Biden was determined to have his own ridiculous spend after, the Covid tide receded, despite high inflation. So smart. 

[nauseus]

On 6/4/2025 at 6:17 PM, spidermike007 said:

It would appear to some of us that the big ugly spending bill is going to lead to a massive amount of additional debt, as Elon Musk and Ray Dalio very accurately state. Many of us would question the wisdom of giving huge tax breaks to the super wealthy when the US economy is already carrying an unsustainable amount of debt, and the interest rates required to service that debt continue to rise. It does not look like the Fed will be able to lower interest rates anytime soon, as the appetite for American debt seems to be waning dramatically, for at least a dozen good reasons. 

 

For those of us who don't buy into the sloganeering we realize that very little manufacturing is coming back to the US, five major US companies have just announced that they're shifting a significant amount of their production overseas to avoid reciprocal tariffs, and that trend is likely to just continue. In addition tourism to the US is way down, due to Trump's increasingly open hostility toward the majority of the planet. 

 

Trump, nor his substandard team seem to have absolutely no understanding of globalization and the inherent ecosystems within manufacturing, and he doesn't seem to understand why manufacturing has declined in the US over the last 55 years. It certainly didn't happen in a vacuum. 

 

I predict that Trump's attempts to impose tariffs and bring manufacturing back to the US will be a massive failure of epic proportions.

 

 

 

Typical slanted slop. 

 

The truth is that the USA economy has been running on debt for decades. 

 

But it's all down to Trump. Right?

 

 

[nauseus]

2 hours ago, spidermike007 said:

You might be right, there's no question that there is an agenda in place, and there's no question that the goon is not the one who's making the decisions, he's just simply a willing puppet, supporting an agenda that feels rather heinous to me. 

 

It is never been about his supporters, and it certainly has never been about America, and making America a better place. 

 

Are we back to Biden now?

[BLMFem]

1 hour ago, Yellowtail said:

If that is you, you are a handsome man indeed, and I apologize. 

 

Do you have a hair business? 

 

 

You spend a lot of time asking personal questions of posters. Are you still trying to get friends?

[BLMFem]

48 minutes ago, nauseus said:

 

Typical slanted slop. 

 

The truth is that the USA economy has been running on debt for decades. 

 

But it's all down to Trump. Right?

 

 

 Right now it is, yes.

[harryviking]

LOL! Trump is really trying his best to chase all manifacturing OUT of America! America is a dying place at the moment. Over half the population are obese and sick! It would take a decade or two to get up the base for bein a manifacturing nation! Meanwhile the migrant workers are being deported! LOL! How dumb can that fat f*** Trump be?! America exsist BECAUSE of migration! Ban them and see what happens!  😂 

[save the frogs]

12 hours ago, Yellowtail said:

If that is you, you are a handsome man indeed, and I apologize. 

 

Do you have a hair business? 

 

 

 

Admit it, you were hoping he was bald and fat so you could have some artillery to attack him with.

 

Now all you got is your cheesy hair salon jokes. 

[Yellowtail]

37 minutes ago, save the frogs said:

Admit it, you were hoping he was bald and fat so you could have some artillery to attack him with.

I have always assumed the photo was not him. 

 

I'm not a leftist, why would I attack someone because they were bald and fat? I do not care what people look like. 

 

37 minutes ago, save the frogs said:

Now all you got is your cheesy hair salon jokes. 

It was not a joke. I thought he might be in the hair business, what's wrong with that? He claimed he had a couple businesses, and when you google the photo, this comes up:

 

[spidermike007]

3 hours ago, nauseus said:

 

Typical slanted slop. 

 

The truth is that the USA economy has been running on debt for decades. 

 

But it's all down to Trump. Right?

 

 

What you are saying is correct the US has been running a huge deficit and it has become a deficit economy from what I understand the first to run a deficit economy in modern history. But Trump's policies appear to only be adding to that and that's not a good thing. I disagree with a lot of his policies, but I can at least hope for some objectivity on the part of his supporters. 

[spidermike007]

2 hours ago, harryviking said:

LOL! Trump is really trying his best to chase all manifacturing OUT of America! America is a dying place at the moment. Over half the population are obese and sick! It would take a decade or two to get up the base for bein a manifacturing nation! Meanwhile the migrant workers are being deported! LOL! How dumb can that fat f*** Trump be?! America exsist BECAUSE of migration! Ban them and see what happens!  😂 

It's very true, without immigrants America would seize to exist, and we are likely to see significant labor shortages in the near term. Americans have no interest in washing dishes, picking grapes, doing other agricultural work, working in meat packing plants, or any other hard labor and they have no interest in working at a reasonable wage. 

[Yellowtail]

1 minute ago, spidermike007 said:

It's very true, without immigrants America would seize to exist, and we are likely to see significant labor shortages in the near term. Americans have no interest in washing dishes, picking grapes, doing other agricultural work, working in meat packing plants, or any other hard labor and they have no interest in working at a reasonable wage. 

America can get all the immigrants we need or want. Why should we be letting in people that do not speak English, are often illiterate in their native language, have no interest in assimilating, and will likely be on some sort of public assistance for life? 

 

The labor force participation rate is down around 60%, which means about 40% are not working. 

 

Virtually no one wants to work. I loved my last job, but it they had quit giving me money, I'd have quit going in. I love being retired, but if I needed money, I would find work. 

 

I washed dishes, made pizza, worked at a laundry, drove truck, picked oranges, stacked hay, worked construction, worked in a tool and die shop, worked in a fiberglass plant, worked at an injection molding plant and traveled with a carnival, all before I went to engineering school in my mid-thirties. 

 

Most of the people working in the industries you site, are American citizens. Flooding the country with illegal aliens drives their wages down, drives their housing costs up, and overwhelms the social services they depend on.  

[hotsun]

6 hours ago, save the frogs said:

 

I don't think Trump is acting alone.

I think he is pushing the globalist agenda.

 

Stage 1: Financial collapse of some sort.

 

Stage 2: Rolling out CDBC - centralized digital crypto .... that means the govt can monitor everyone's spending. And it may be tied to "Global Warming" because they may start to monitor too many expenditures that give you a high carbon footprint and block it. Also, criminals should be concerned because it may no longer be possible to engage in the black market.

 

I don't think it's financial bankruptcy and the end of the USA. But more likely a major rollout of digital blockchain currency, but a major recession first. 

 

Bankruptcy is not the word. I think RESET is a better word. 

 

 

If the US were to do a CDBC they should have done it a long time ago. Its too late for that, bitcoin has first mover advantage

[save the frogs]

12 hours ago, hotsun said:

If the US were to do a CDBC they should have done it a long time ago. Its too late for that, bitcoin has first mover advantage

 

Never too late for anything.