This is the prologue that will lead to Trump engaging in quantitative easing (QE), because it will cause our GDP to decrease and make it much harder to finance our debt, which will mean printing money, and higher inflation, AND traditional purchasers of our debt to sell our debt which will magnify the need for even more QE.
All the major holders of our debt, like Canada, Japan and China are selling our debt now, not buying more.
Trump thought he could dominate the world. "He even said: I run the country and the world.
And he thought he could bully and intimidate the world.
But one country after another is telling Trump:" go fuck yourself".
First China made it clear they were not afraid of Trump and began destroying our economy and specifically Trump supporters e.g. the rural farmers, who have lost their biggest buyer for a generation.
Then Canada said:' our relationship "ruptured", and is over.", and we are putting "Canada first". And Carney started globe trotting and putting together one new trade deal after another, and the world responded.
Then Trump insulted the Koreans with his cute ICE raid on a Korean auto construction plant, and they are pissed and feel insulted and forming new trade relationships. They demonstrate against Trump, in Korea!
And recently, Japan elected Sanae Takaichi their new PM and she has thrown down the gauntlet and effectively said:" we are Samurai and we will not be insulted or subordinated. We will only enter fair trade deals-so go fuck yourself-lol".
And Europe hates Trump, and is working to mitigate his power.
So, of course it is easy to see that Trump HAS destroyed 80 years of trust with our allies which will hurt us badly and decimate our farmers-for a generation!
He tried to bully the world with his stupid tariffs, and now the world is collectively working to take us down-thanks Donald!
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