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   POLITICS      Political Discussions      39,875 messages   

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   Message 39,567 of 39,875   
   Joseph Pereira to All   
   Scott Bessent is a jerk   
   26 Jan 26 04:34:23   
   
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   Now, the fact that he's a conceited jerk isn't really relevant in itself.   
   But... he's also incorporating his conceit into his policies. He's simply   
   telling European countries not to sell their US Treasuries. That's not his   
   decision, though. That's entirely up to the Europeans themselves. He could   
   have asked, but he thought he could impose it on Europe.   
      
   Last week we saw Taco Trump again, and that has everything to do with just two   
   bad days on the stock market. The US has to adjust its course so quickly   
   because it's terrified that Europe might one day go through with it.   
      
   Europe holds the fate of the US in its hands. 40% of the US national debt is   
   held by Europe.   
      
   If they sell that, the US has a serious problem. The point is: they should   
   sell it!   
      
   It's inappropriate for them to be nice to the US while being treated like   
   street dogs by the US. Trump just wants Greenland for a while. That's no joke.   
   Europe shouldn't see it that way either.   
      
   If they don't teach the US to behave, the US will continue to act like a bully.   
      
   Why is the stock market so extremely important to Trump?   
      
   Only thanks to the higher stock market can Trump continue to hide the   
   disastrous consequences of his economic policy. With the higher stock market,   
   pensions in the US will remain intact. If the stock market were to fall by   
   30%, many Americans would lose their pensions and their savings. You don't   
   want that to happen heading into the midterms.   
      
   That's why you see Trump literally backtracking on the terrible presentation   
   he gave after just two bad trading days for the major indices. He's tied hand   
   and foot to the stock market's performance.   
      
      
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