Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

bucolic_frolic

(55,331 posts)

5. May not pay debt

Reply to JohnSJ (Original post)

Mon Feb 10, 2025, 07:55 AM

Feb 2025

For months YouTube videos, the right wing sensationalist kind, have touted world financial collapse by March or April.

There was a headline here yesterday quoting Trump saying Elon has found "irregularities" in US Treasuries - that would be the T-Bonds.

If true, and of any size. that would collapse Money Markets, Treasuries, world panic!

Is it a plan to lightfinger Treasuries and invest them in Crypto?

Is it the iceberg of a bigger theft in progress?

Edit history

Please sign in to view edit histories.

Recommendations

2 members have recommended this reply (displayed in chronological order):

Think. Again.Arazi

21 replies

= new reply since forum marked as read

Highlight:

Per Bloomberg news: trump plans to impose 25% tariffs on steel and aluminum imports, and will apply to imports [View all] JohnSJ Feb 2025 OP

He's trying to use PA steel Tickle Feb 2025 #1

You don't think prices on all steel and aluminum products will go up worldwide if he follows through on this? I will JohnSJ Feb 2025 #3

As if PA could just fill all of the country's steel demand. Think. Again. Feb 2025 #6

There's goes the American manufacturing and construction industries. Think. Again. Feb 2025 #2

This is not good.................... Lovie777 Feb 2025 #4

May not pay debt bucolic_frolic Feb 2025 #5

He is saying there is "fraud going on", with our treasuries, which is bullshit, and implying we will renege on some of JohnSJ Feb 2025 #8

I think market is in massive denial of tRump's abberations. But it is sideways for 3 months. . . nt Bernardo de La Paz Feb 2025 #7

Either that or they are making excuses for him because they supported this reckless dangerous person, and they think JohnSJ Feb 2025 #9

This is a targeted tariff. The effects might not be as drastic as other more pervasive tariffs although, everyonematters Feb 2025 #10

I believe that was on steel and aluminum products imported through Mexico from China, and actually started under JohnSJ Feb 2025 #11

The immediate impact of any tariffs is an increase in prices. Any benefits are delayed. everyonematters Feb 2025 #13

I am not sure if any benefits will be realized, because they probably will be offset by reciprocal tariffs on our JohnSJ Feb 2025 #16

The notion that the Smoot-Hawley tariff act largely contributed to the great depression is a myth. everyonematters Feb 2025 #17

Wrong. And it is a higher risk now as exports are about 11% of GDP. Bernardo de La Paz Feb 2025 #20

That's why if you raise tariffs they need to be targeted or incremental not a big jump. everyonematters Feb 2025 #21

Some of our closest allies, who are already fighting the temptation to Mike 03 Feb 2025 #12

Unless something changes I wouldn't be surprised if our allies formed their own trade coalition that excluded the JohnSJ Feb 2025 #14

I wonder if he has plans to absorb Jamaica yet? DFW Feb 2025 #15

He 's actively trying to destroy the Biden economy Johnny2X2X Feb 2025 #18

targeted tariffs at least smarter than blanket tariffs Johonny Feb 2025 #19