Say Captain Say Wot

My money (while I have it) is that this is going to be the most lasting damage of Trump's presidency. Piss off the world and demonstrate we're unreliable economic partners. They don't want our debt anymore and dump their holdings/new purchases at auction. Servicing debt is already around 15% of All federal spending. DOGE targets are nothing in comparison.
Debt can get very expensive, and we've gotten used to paying very little for it. Most people aren't considering how bad this can get - I hope someone with power has been
- Trump struts around driveling about how everyone is ripping off the US left and right when in fact we have a stranglehold on most of the world, favored status almost everywhere we go, and structural advantages we forced on the world and have been milking for decades.
  
  God willing it'll all change soon.
- Doge's cuts can't event cover Doge's costs, let alone anything else, let alone all the following damages resulting from those cuts.
  
  You didn't really believe it was meant to cut anything, right? It was always meant to divert funds. Wasn't some crazy sum of money "lost" by DOGE like a month ago? 😅
- Absolutely. Republicans don't realize just how tenuous our status on the world stage, and thought it was still the 1950s. With everything they're doing, we're absolutely cooked for decades to come.
  
  With everything they're doing, we're absolutely cooked for decades to come.
  That implies we'd ever recover and this isn't just the permanent end of American dominance.
  Sentiments like yours are probably the same sorts of things some British folks were telling themselves after WWII as their empire slipped away.
  
  i doubt thier low information voters will even look this deep, the gop? probably thought trump wouldnt go this far with the tariffs.
- The dumping isn't actually occurring in the traditional sense; central banks typically hold short-term maturities (around 2 years) between them for stability. Japan is the primary foreign holder of us debt. In reality, there's no need for them to sell off these assets. They can simply wait until they mature, as selling would negatively impact their own investments. On top, they could decide to not participate in new auctions or request higher yields at those auctions.
  https://www.statista.com/statistics/246420/major-foreign-holders-of-us-treasury-debt/
- Many advisors have.
  Many debt hawks in Congress have too.
  But it’s not populist policy because the concept is too complex, so it’s never politically tenable. :/
  
  How is this too complex? Isn't 'fiscal responsibility' a classical republican platform? I would have assumed most (especially older) voters are already familiar with the topic.
- china for sure has been

Oh god. What happened today?
- https://www.wsj.com/livecoverage/stock-market-today-tariffs-trade-war-05-19-2025/card/u-s-30-year-treasury-yield-touches-5--MFBVfsJ1GbjRKH53AEC5
  
  Please explain the significance of this to someone who’s never bought a bond but has dug through a couch to find spare change for groceries.
  
  5.023%. goddamn. I know they were purposely trying to trigger a recession, but it actually went over 5%.
  I wonder what the massive over-leveraged asset will be this time.
  
  Hm? So? Seems like there is zero correlation to Trump getting into office.

The UK lost our AAA credit rating and we’re not spiralling into decline and irrelevance at all!
- I think that train (i.e., "Decline-of-the-UK-Express") started after WW1, if I'm recalling the statistics portion of my contemporary history class in university.
- Yes but the GBP is not the reserve currency of the world (any more).

Bond, James Bond Market.

Curious how this fits into his crypto scheme. Family friend is obsessed with it and I just know he's gonna regret it

I WISH CAPTAIN SENSIBLE WASN'T AN ANTI MASKER DURING COVID
- Wot?
  
  Learn about the bond market. Like if China just sells all of America's debt, we're fucked. This whole system is debt slavery. They say, oh, you shouldn't be spending money, you don't have blah, blah, blah, you're bad with money, credit score, nah. This whole economy runs off of irresponsible spending. Even conservatives are silly because they're not conservative, and liberals are not even liberal. We need new words. We need a better definition of what goes on in this shit hole. But it's nothing what they tell you in school.
  
  once a lifetime, twice a day/if you don't mask thats A-OK!