WAS: What Adults are Saying About the Latest Punk of 47
Outmaneuvered again, 47 continues his race to the bottom and takes the country with him
The recent mid-week reversal of 47’s position about world trading tariffs again reveals the United States is trying play in the major leagues with a minor league roster —kind of like the Pittsburgh Pirates. Just days after insulting multiple national leaders several key ones simply got together to create a few hours of economic mayhem, so severe, that it swam upstream against all Keynesian economic knowledge previously know.
The most widely held economic bromide is that but four pillars of wealth exist: stocks, bonds, good ol’ cash, and tangibles such as real estate, art, precious metals etc. Stocks and bonds exist in a tetter-totter form by moving inversely to one another (to those holding a MAGA Bingo card that means as one goes up the other goes down). Except on Wednesday, April 9th—merely one week after 47’s “liberation” of America’s economy and financial markets—in real time, stocks and bonds were simultaneously dropping at precipitous rates!
This economic oddity was promptly and widely reported to have a primary source. Canadian and Japanese governments which hold about 1.35 trillion of US debt in the form of government backed bonds slowly, but steadily, began selling those bonds. This drove down bond values meaning those jettisoning declining stocks no longer had a secure port to park money. This was done in response to 47’s ruinous tariffs as part of his Jello-headed “liberation.” Forever a bloated poseur that likes to act as international mob boss, 47 was getting “mobbed” by economic advice from outside his administration saying he was on the verge of creating the China Syndrome on Wall Street. Realizing his dough was at that same address he raised the white flag and with his inimitable style promptly claimed “victory.” Over what is anybody’s guess.
While our legacy and new media dither and 47’s enablers continue to spin fantasy with no metaphysic base in the rest of the world leader’s have and promptly use their balls when pricked. America’s losing streak is starting and we will be fortunate to even amass as many wins as those hapless Pirates of Pittsburgh. As was reported here Putin already punks 47 with the same regularity as grabbing a toothpick after a hearty meal. Now in the most recent loss Monday-morning quarterbacking finds those “bloodthirsty” Canadians have encouraged the Japanese and others to join forces to remind our grand deal maker how markets work in a free market system.
The sum of the White House’s sustained economic irrationality and abject incompetence has driven American consumer confidence to a level equal to the market-crash recession of 2008 and worse is inviting instability to our own currency—long the standard to which the rest of the world is pegged. No one knows why this suicidal combo keeps gurgling on Pennsylvania Avenue other than to say had Rain Man missed Judge Wapner maybe we would have seen an example to go by. As these losses mount nations who formerly were three-touchdown underdogs, are aligning to a new economic reality where American influence falls somewhere between diluted and “see you in court”—a previous unimaginable sentiment against our home team.
Not only was 47 rapidly checkmated here but its outcomes reveal a number of consequences that seems to escape him and his bumbling gang of bandeleros:
Foreign government response in the bond market was swift and effective. So much so that certain moneyed institutions that have come under the President’s irrational shooting-scope (such as Harvard and Columbia) may threaten similar action as symbolic endorsement of the tactic. If foreign governments can’t trust the faith and credit of the US government how can major universities do the same when being targeted for harm from the stockyards of nonsense? When that happens who, if anyone, is left who can be trusted?
The tough-talk from Canadian Prime Minister Mark Carney suggests 47’s diatribe of threat only works in certain domestic sectors like his supporters, American news media, Democrats in Congress and the horrendous imbeciles that are his administration. How bad will it be for a modern America and its benefits to die on a hill where only some of us and few others in the world believe our own President’s bs?
Decisions from 47 are so unorthodox and unprecedented that it has meant initial responses to them are themselves, draconian. That does little to create an accurate, tangible reality. Cleary 47’s bloviating is, and will continue, to harm the country. But if everything he utters now is judged to have sky is falling effect what are we to expect in the next act? It’s hard to know because Main Stream Media has lost its way badly and many who still practice there are no longer certain of what they observe—and those who might be—aren’t sure what to do with it lest they are checked hard by a groveling publisher or editorial board.
All of this means the rest of the world is losing respect for the good ol’ You-Ess-Of-A more rapidly than the value of Tesla stock. Our country came on the shoulders of risk-takers and was sustained, many times, by the work of heroes who gave the ultimate sacrifice. Now mostly we watch as 47 ensures we die from the one thing that always has been the Achilles Heel of America—the gullibility of its media and people.