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2 days agoYou are correct. “Bankrupt” is a little strong. But selling existing bonds back into the market while the U.S. is trying to issue new debt would not be great for America. I think dollar devaluation is 100% in the cards.
Dr. Bob
Recovering academic now in public safety. You’ll find me kibitzing on brains (my academic expertise) to critical infrastructure and resilience (current worklife). Also hockey, games, music just because.
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Cake day: July 5th, 2023
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The US has been living on credit cards for decades now. The rest of the world has supported it because the most important thing for everyone is stability. With trade agreements getting ripped up, and nonsense tariffs everywhere, supporting Americas consumption habits is not necessarily in the world’s interests anymore.
Canada alone holds almost $500 billion in US debt. Europe and Japan hold another $2.5 trillion in US debt. America is picking fights with people who can bankrupt them.
91·5 days agoBad faith is the term. IANAL but I’ve been married to two of them. “Bad faith argument” for the action, “acting in bad faith” for the actor. It captures the idea of appearing to comply with procedure and orders, but deliberately misconstruing meanings and inventing ambiguities to justify actions. A gentler version of this is “sharp practice” which comes close to, but doesn’t cross the line into bad faith.
I don’t know man. From here I think it could be feet.
551·13 days agoThis is the same trade deal that the EU negotiated with Obama. Trump refused to sign in 2017. They are only offering him what was on the table 8 years ago and he refused. Calm down already.
If that guy is going back to Tesla I’d sell it all…if I owned any.
It’s more important to him to criticize the government. If he got briefed he’d realize he’s talking out his ass most of the time.