Ropy US finances šŸ™„

General Discussion
1

It looks to my untutored eye that the US is issuing bonds to buy back bonds to raise the price of bondsā€‹:thinking: Trumponomics?

2

No problem. Just print some more $ and threaten anyone who complains with tariffs and sanctions. Simples !! :grinning_face:

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3

QBA - aka Quantative Bu**ering About.

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4

2027 is going to 2008 all over again, but with countries going bust instead of banks.

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5

I hope not.

And all precipitated by this sort of fool(ing about). What scares me more is I donā€™t see the quality of leadership coming in to follow this one.

Iā€™m not sure just 2008. Iā€™m thinking 1929.

The thing is, I think the West"s oligarchs believe that the middle class is now surplus to requirements.

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6

With AI and robotics, the middle and working classes might seem unnecessary to many tech-bros/oligarchs etc.
Iā€™m not too sure that this view is limited to the west either. Some extreme regimes have always treated the masses as being expendible, and one way or tā€™other it is widening in scope. Or maybe just becoming more visible?

7

Itā€™s worth remembering that in the phrase ā€œSeize the means of productionā€; the ā€œmeansā€ includes the workers.

ā€œGreetings Comrade NotaLot, you are now Tractor Gearbox Assembler 3rd Class.ā€

ā€œOf course you didnā€™t select this job, Comrade. In Soviet Russia, the job selects you! Now get assembling gearboxes or youā€™ll meet Comrade Makarov!*ā€

* the 9mm pistol carried by all Commissars.