Whilst bragging in 2016 he would eliminate the US debt, 10 years later it is growing faster than ever.

The problem now is rising yields, making borrowing money more and more expensive, in addition the 50 Billion mark will be hit not later than 2030.

The personal savings rate is falling sharply (which does not really help), since Trump makes politics for the rich only.

Trump regime wasted a lot of money end of July 2026 by trying to intervene in the Forex market (to avoid the Japanese selling more US-Bonds), most of the money spent for that game is lost, he does not even understand that in history such interventions did not help (away from a few weeks or so).

I wonder when stock markets start to react. Right, if you want free money, go long USD/JPY...

The only other option for the Japanese was to sell off US treasury bonds, which would have started a rout in the bond market, hence the intervention.

IMO the Iran war is draining missiles and money a lot more than is being admitted publicly.

I think you meant $50 trillion, not billion.

5 hours ago, Lacessit said:

The only other option for the Japanese was to sell off US treasury bonds, which would have started a rout in the bond market, hence the intervention.

IMO the Iran war is draining missiles and money a lot more than is being admitted publicly.

I think you meant $50 trillion, not billion.

Quote: "The only other option for the Japanese was to sell off US treasury bonds, which would have started a rout in the bond market, hence the intervention".

Right on. If the Japonese start selling US Bonds then it's good night Matilda.

Come on, guys! Don't get so carried away.

I mean, each 1% upward shift in the Yield Curve 'only' adds about $400 billion per year to the National Debt. That paltry sum isn't even half a Musk.

Besides, Trump doesn't even take a salary. That alone saves the US Taxpayer $400,000 per year. Sure, he's spent over $100,000,000 so far in term 2 playing golf, but he deserves the R&R. Do you think he hasn't earned some free time after staying up all night rage Tweeting?

And think of all he's done making the White House as garish as if he'd hired former Turkmenistan President Gurbanguly Berdimuhamedow or maybe Liberace as interior designer. You think gold paint comes cheap? And how about those corn dog stands where that very woke Rose Garden used to be? And the billion dollar ballroom? It's not like Melania is ever in town, so why would she need the East Wing? That ballroom is befitting a man who cruises the skies on his Flying Carpet, or rather in his Qatari bribe.

Anyway, just like all of you should be proud to pay more for gas, you should also be proud to pay higher mortgage and credit card rates.

By the way, if you have any money left over, how's about picking yourself up one of those autographed Bibles or a pair of Golden Sneakers? Faith and fitness in the same order, all for the benefit of your one true messiah.

(Don't quote me on this, but I hear he's going to rename the nation, like he did the Gulf of Mexico and soon the Strait of Hormuz. Yes, it will be now and forever, Trumpistan.)

2 hours ago, Wingate said:

Come on, guys! Don't get so carried away.

I mean, each 1% upward shift in the Yield Curve 'only' adds about $400 billion per year to the National Debt. That paltry sum isn't even half a Musk.

Besides, Trump doesn't even take a salary. That alone saves the US Taxpayer $400,000 per year. Sure, he's spent over $100,000,000 so far in term 2 playing golf, but he deserves the R&R. Do you think he hasn't earned some free time after staying up all night rage Tweeting?

And think of all he's done making the White House as garish as if he'd hired former Turkmenistan President Gurbanguly Berdimuhamedow or maybe Liberace as interior designer. You think gold paint comes cheap? And how about those corn dog stands where that very woke Rose Garden used to be? And the billion dollar ballroom? It's not like Melania is ever in town, so why would she need the East Wing? That ballroom is befitting a man who cruises the skies on his Flying Carpet, or rather in his Qatari bribe.

Anyway, just like all of you should be proud to pay more for gas, you should also be proud to pay higher mortgage and credit card rates.

By the way, if you have any money left over, how's about picking yourself up one of those autographed Bibles or a pair of Golden Sneakers? Faith and fitness in the same order, all for the benefit of your one true messiah.

(Don't quote me on this, but I hear he's going to rename the nation, like he did the Gulf of Mexico and soon the Strait of Hormuz. Yes, it will be now and forever, Trumpistan.)

You forgot the Trump statues. Tastefully done in gold leaf, of course.