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Cake day: June 14th, 2023

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  • Isn’t a much simpler answer that China started dumping bonds, and they’ll dump a lot more if the tarriff situation isn’t resolved soon?

    As a real estate investor who’s mortgaged to the max, Trump wants high inflation to increase the nominal value of his properties, and low interest rates. China has extensive US bond holdings and at least some ability to drive up 10 year rates by selling those bonds. Trump doesn’t want higher rates, even if you only consider his direct, personal situation.







  • My particular flavor of that is he realizes he was going to prison or worse based on all the legal proceedings against him. The only way to prevent that was to become president and redirect the DOJ. He was desperate.

    Now, his goal is to remain president because if he loses office, he’ll be prosecuted again, at least at the state level where he can’t self-pardon. Therefore he will do literally anything to remain in the presidency until he dies. I think that’s his plan and nothing else really matters to him.

    What follows from that is he needs enough people around him to support the plan until he can disarm any part of the government that would remove him from office. He’s willing to do anything Musk wants because Musk demonstrated that Musk will dump a practically unlimited amount of money into any political race as needed, and Trump needs that to hold Congressional seats and eventually governorships and state legislatures.

    The rest of it is Trump playing out his vindictive nature, the side effect being the fewer people in government, the more likely they’re able to maintain control, perhaps by suspended elections, martial law, etc.

    There’s going to be plenty of unemployed people in DC with time on their hands. We’ll see if that turns into a situation like the Bonus Army.