The Biggest Reason Trump Is Not “Better For The Economy”
He will default on the national debt
Trump loves not paying what he owes. We all know this. And even when not in office he’s frequently encouraged his pals in Congress to default on the national debt, as if it’s no big deal. And it may not seem like a big deal to people who aren’t business leaders and bankers; just leading their daily lives. After all, Congress can print as much money as they want, so people the US owes money to will get paid, eventually.
Except it is a big deal. Huge. It would change the world order. Forever. And hurt US citizens irreparably. Now, you may argue Trump didn’t do this when he was President before, so why would he do it now? Because since he’s been out of office, he keeps saying the treasury should default. To teach people a lesson. To bully people into bending to his will. More and more. And we all know that’s what his potential second term is going to be all about.
A feat which once done, the effects of which can never be undone.
Here’s why:
- The US enjoys a unique and wonderfully unfair (speaking as a US citizen) advantage over every other country in the world in that a massive majority of all transactions are done in US dollars. Meaning there’s always a demand for dollars, and it’s always…
