Talk about two bad parts of the One BBB Act. First, no state or local government can regulate AI for 10 years as its all centralized with the federal government
Second, is Section 899. Below is a quote on the impact on foreign holders of US Treasury Bonds.
The proposed tax would lower returns on U.S. Treasuries for those investors as “the de facto yield on US Treasuries would drop by nearly 100bps,” Deutsche Bank’s Saravelos added. “The adverse impact on demand for USTs and funding the US twin deficit at a time when this is most needed is clear”.
Saravelos also said that it would be the weaponization of US capital markets into law. Yeah, that's just not going to impact the stock or bond markets...
I take it that this is all part of Bessent's and Project 2025's scheme to force the rest of the world to pay down our debt so that we can simultaneously maintain military hegemony. I don't see that working.
Wow, “Section 899 challenges the open nature of US capital markets by explicitly using taxation on foreign holdings of US assets as leverage to further US economic goals.” How does that forward those goals? The only hope we have right now is that foreign investment will keep propping up the Dollar and Treasuries. What a classic example of stupidly cutting off you nose despite your face. Horrible idea.
You are welcome. As of mid-2024, about a quarter of all US Treasury Bonds are held by foreign countries. Did Bessent know or green light this provision to be in the bill knowing its potential impact on owning US Treasury Bonds?
Yeah, thanks. That seems to be a very important indicator of what may lie ahead. Gotta believe this will cause people to look harder for alternative places to park their money.
Those of us out here in flyover country, have been screaming about the “ looming financial catastrophe “ for years and have also tried voting for politicians whom we thought realized the danger and would act accordingly! Bottom line is, and apologies for the crudeness, we were, have been and are still being screwed, blued and tattooed! These clowns are totally at odds with what needs to be done to fix this problem and they also failed to notice the sign on the road that they have been kicking this can down was clearly marked “DEAD END”!
If us peasants ran our personal finances the way these morons manage the country, we would already be bankrupt and in jail.
Elon Musk and the DOGE crew have uncovered billions and billions of dollars being flushed down the toilet and a level of corruption that boggles the mind, and what has Congress done? Not one damn thing except run their mouths and sit by with their collective thumbs stuck up their butts! But the saddest part is as you point out in today’s post, the average American is absolutely clueless about the calamity that is just up the road a piece, you know, the place where there the road stops and the can that’s been getting kicked for countless years finally reaches its destination. Oh, wait, I do see one more sign, “ABANDON HOPE ALL YE WHO ENTER HERE”. (apologies to John Bunyan)
I am afraid that there are those in power who would like nothing better than for us to be "bankrupt and in jail." And their policies are actually forcing many to run their personal finances accordingly.
Take note of something in Krainer's substack. He maintains that the Rothschild run City of London is the force behind BOTH proxy wars--the one by Ukraine and the other by Israel. I agree--this is exactly what I've been saying all along.
I also wish Krainer would get appointed to the National Security Council. His video yesterday with Nima both explains how we got here, and also what the US's strategic vision should be. Extraordinary. Krainer also casually points us to his sources "that anyone can look up and understand."
These are not serious people like Massie. Massie takes big hits from the MAGAtards. But he’s right. Note that Reagan took Begin to the woodshed for the indiscriminate bombing of Beirut and the images of children with blown off limbs. Begin stopped right away.
Trump has squandered much of his first 100 or so days in office. While we can probably agree that many of his EOs are good, the ridiculous BBB and its perpetual deficits and lack of any spending restraints, his constant stupid tweets about Xi and Putin, his failure to exit Ukraine and kick Bibi to the curb, and the failure to withdraw troops from anywhere overseas means more of the same and a foreign policy indistinguishable from Biden’s.
In the interest of promoting honesty and full transparency in government (as the Republicans have so often in the past propounded) you should forward the following proposal for a bill to your Congressman: "The U.S. took in ~12.39B in 2024 and delivers nothing but delays, dysfunction, and decay. My bill blocks funding until the Metrorail is renamed JACOB'S LADDER and Washington, DC. is named THE NEW JERUSALEM. After all, D.C. is meant to be heaven on earth for Israel's Zionists, a place where they can build their mansions just the way they want without fear of danger."
Talk about two bad parts of the One BBB Act. First, no state or local government can regulate AI for 10 years as its all centralized with the federal government
https://amgreatness.com/2025/05/30/whos-programming-the-ai-mr-president/
Second, is Section 899. Below is a quote on the impact on foreign holders of US Treasury Bonds.
The proposed tax would lower returns on U.S. Treasuries for those investors as “the de facto yield on US Treasuries would drop by nearly 100bps,” Deutsche Bank’s Saravelos added. “The adverse impact on demand for USTs and funding the US twin deficit at a time when this is most needed is clear”.
Saravelos also said that it would be the weaponization of US capital markets into law. Yeah, that's just not going to impact the stock or bond markets...
https://www.cnbc.com/2025/05/30/us-set-to-weaponize-taxes-on-foreign-investors-via-section-899.html
I take it that this is all part of Bessent's and Project 2025's scheme to force the rest of the world to pay down our debt so that we can simultaneously maintain military hegemony. I don't see that working.
Wow, “Section 899 challenges the open nature of US capital markets by explicitly using taxation on foreign holdings of US assets as leverage to further US economic goals.” How does that forward those goals? The only hope we have right now is that foreign investment will keep propping up the Dollar and Treasuries. What a classic example of stupidly cutting off you nose despite your face. Horrible idea.
P.S. - Thanks a LOT for bringing this to all of our's attention!
You are welcome. As of mid-2024, about a quarter of all US Treasury Bonds are held by foreign countries. Did Bessent know or green light this provision to be in the bill knowing its potential impact on owning US Treasury Bonds?
Yeah, thanks. That seems to be a very important indicator of what may lie ahead. Gotta believe this will cause people to look harder for alternative places to park their money.
Those of us out here in flyover country, have been screaming about the “ looming financial catastrophe “ for years and have also tried voting for politicians whom we thought realized the danger and would act accordingly! Bottom line is, and apologies for the crudeness, we were, have been and are still being screwed, blued and tattooed! These clowns are totally at odds with what needs to be done to fix this problem and they also failed to notice the sign on the road that they have been kicking this can down was clearly marked “DEAD END”!
If us peasants ran our personal finances the way these morons manage the country, we would already be bankrupt and in jail.
Elon Musk and the DOGE crew have uncovered billions and billions of dollars being flushed down the toilet and a level of corruption that boggles the mind, and what has Congress done? Not one damn thing except run their mouths and sit by with their collective thumbs stuck up their butts! But the saddest part is as you point out in today’s post, the average American is absolutely clueless about the calamity that is just up the road a piece, you know, the place where there the road stops and the can that’s been getting kicked for countless years finally reaches its destination. Oh, wait, I do see one more sign, “ABANDON HOPE ALL YE WHO ENTER HERE”. (apologies to John Bunyan)
I am afraid that there are those in power who would like nothing better than for us to be "bankrupt and in jail." And their policies are actually forcing many to run their personal finances accordingly.
Alex Krainer with the receipts on the Anglo-Ziuonists.
https://trendcompass.substack.com/p/is-everyone-fighting-britains-proxy
Take note of something in Krainer's substack. He maintains that the Rothschild run City of London is the force behind BOTH proxy wars--the one by Ukraine and the other by Israel. I agree--this is exactly what I've been saying all along.
100%.
I remain convinced that this (Rothschild run City of London) is the true opponent that Trump is trying to vanquish.
I also wish Krainer would get appointed to the National Security Council. His video yesterday with Nima both explains how we got here, and also what the US's strategic vision should be. Extraordinary. Krainer also casually points us to his sources "that anyone can look up and understand."
https://www.youtube.com/watch?v=Jl3M74OHRJA
Thanks for linking Krainer's conversation with Nima Alkhorshid.
"Truth is the mind's assent to reality." & truth gives hope.
Here is my comment on your column today Mark:
https://montanarcc.substack.com/p/this-is-the-way-the-world-ends-comments
Meanwhile my congressman from SW Florida tweets a bill he is introducing to rename the DC metro to MAGA something.
https://x.com/repgregsteube/status/1928126127828029609?s=46
These are not serious people like Massie. Massie takes big hits from the MAGAtards. But he’s right. Note that Reagan took Begin to the woodshed for the indiscriminate bombing of Beirut and the images of children with blown off limbs. Begin stopped right away.
Trump has squandered much of his first 100 or so days in office. While we can probably agree that many of his EOs are good, the ridiculous BBB and its perpetual deficits and lack of any spending restraints, his constant stupid tweets about Xi and Putin, his failure to exit Ukraine and kick Bibi to the curb, and the failure to withdraw troops from anywhere overseas means more of the same and a foreign policy indistinguishable from Biden’s.
In the interest of promoting honesty and full transparency in government (as the Republicans have so often in the past propounded) you should forward the following proposal for a bill to your Congressman: "The U.S. took in ~12.39B in 2024 and delivers nothing but delays, dysfunction, and decay. My bill blocks funding until the Metrorail is renamed JACOB'S LADDER and Washington, DC. is named THE NEW JERUSALEM. After all, D.C. is meant to be heaven on earth for Israel's Zionists, a place where they can build their mansions just the way they want without fear of danger."
Greg Steube wrote: " NNNN's reputation has been wrecked after years of mismanagement, breakdowns, and public distrust."
Just listened to Game Theorist/Nobel Prize winner Robert Aumann address young Israelis on Israel's war w/ Hamas.
One (or two) more of its trophies Israelis have "wrecked" -- the Nobel prize and Aumann, who came across as a raving lunatic.
https://www.youtube.com/watch?v=Fgh6c2amOt4
https://montanarcc.substack.com/p/this-is-the-way-the-world-ends-comments