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Retired FL LEO's avatar

There are lots of “former Trump advisors” who were recommended by beltway insiders whom Trump will never listen to again. Unless Navarro or Lighthizers names are mentioned I’m not paying much attention to anything the MSM claim regarding economic advisors.

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Stephen McIntyre's avatar

The shift in Central banks holdings and United States treasury bonds would spell out a number of possible problems. Obviously, the first problem would be who would buy our debt new debt as well as refinancing of old debt. I could foresee a scenario that happened in Japan, where the federal reserve would become the final market maker and that they would be buying everything to support the market. Problem with that is it will cause more inflation. The federal reserve literally will be printing money to buy our own debt which will not only cause inflation, it will also cause a valuation of our currency of whatever’s left of it.

The other problem could possibly be the default on the debt we have ourselves in with $36 trillion of debt and counting our interest expense on the debt now is over $1 trillion a year that’s not sustainable. Eurasia, moving away from the dollar will exacerbate our own fiscal problems here. I don’t believe the policies outlined by Trump are going to help this situation.

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