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Does the FDIC guarantee even mean anything when all Federal agencies are being gutted, and no one can expect to be compensated? With what Trump and DOGE are doing to the Treasury, and the moves they're making both foreign and domestic, ripping up the Democratic system of Checks & Balances, and tearing asunder the post War world order over the objection of nuclear armed European nations.
Unlikely unless Trump crashes the bond market by refusing to honor treasuries. If that happens a lot of banks will be underwater in assets.
He would not survive something that stupid.
I think you're right but I wouldn't put it past Musk and Trump
It's not that he wouldn't do it... but that it would hurt rich people, so they would litterally kill him. Then Vance would come in and assure everyone that the US would make good on them all.
We saw how he reversed his Mexico and Canada tariffs soon after the stock market plunged, so he still cares about the rich who have their money in stocks. He's also fired federal nuclear arms employees, and is trying to rehire them. So, I think he will easily make this mistake too and try to reverse it afterwards.
I think it already happened. He mentioned that there might be something up with the bonds just a week ago. Luckily he was quiet since then.
I was really surprised that didn't cause major issues. I guess they all figure BS comes out of his mouth a lot. So maybe they are waiting for the second time to react. I dunno, not sure how he dodged that bullet.
One thing I've learned over these past 8 years is to never underestimate his stupidity.
You're right, but neither would we.
Are you sure about that?