Very interesting (and plausible) thesis. But if the Trumpian goal is to force a US default to shrike the govt, then why would Trump (a) appoint Bessent as Treasury Secretary - someone who openly called for a smaller budget deficit (3%); and (b) why would he have folded in April when the bond market started dysfunctioning? Wouldn't that h…
Very interesting (and plausible) thesis. But if the Trumpian goal is to force a US default to shrike the govt, then why would Trump (a) appoint Bessent as Treasury Secretary - someone who openly called for a smaller budget deficit (3%); and (b) why would he have folded in April when the bond market started dysfunctioning? Wouldn't that have been the opportune time to let rates go to 10% and achieve his goal?
Very interesting (and plausible) thesis. But if the Trumpian goal is to force a US default to shrike the govt, then why would Trump (a) appoint Bessent as Treasury Secretary - someone who openly called for a smaller budget deficit (3%); and (b) why would he have folded in April when the bond market started dysfunctioning? Wouldn't that have been the opportune time to let rates go to 10% and achieve his goal?
Ideally debt dynamics would spin out of control under the next administration or at least the midterms
interesting. the thesis would also imply they would want to undermine govt issued fiat money. would be supportive for hard monies - gold & bitcoin
correct