re: #240 freetoken

So, Trump wanted to reward his friends with billions of dollars, and so did the GOP in Congress, so they gave their friends huge tax breaks.

Which will lead to giant deficits.

Which in turn means huge borrowing by the Treasury.

That is, the selling of US notes/bonds around the world to raise money.

At the same time, Trump wants a trade war with China, the EU, Canada, and everybody else.

The same people the US Treasury expects to pick up trillions of dollars of future Treasury notes/bonds.

Am I getting this correct?

Yes and watch what happens when they refuse to buy Treasury securities and then turn around and dump the securities they already have…which leads Standard & Poors to further downgrade the United States from the A’s to the B and possibly C categories…requiring the Fed to jack the interest rates on those securities to double digit levels…inflation triggers…