flix on Nostr: Since Trump's first term it was clear that he was serious about keeping his campaign ...
Since Trump's first term it was clear that he was serious about keeping his campaign promises...
IMHO 2 bad ones:
1. Tariffs
2. Immigration
...and 2 good ones:
3. Lower taxes
4. Peace
He is now proving again that he meant what he said.
He is serious about increasing tariffs as was made painfully clear last week. He is serious about cracking down on immigration, although that is much easier said than done.
He seems to be attempting to pressure both sides into peace degotiations in Ukraine. It's a very tough deal to broker... but I believe that he will put all his clout into achieving it.
He is still to annouce his tax plan, but if the past serves as a guide he will pass large tax cuts in the US. Significant enough to offset the damage done to US corps by tariffs.
What he will not be able to do is balance the budget and reverse the US debt crisis. The cuts necessary to do that are just not politically viable in the US. He would need Milei-style shock therapy. My bet is that he won't even get close to trying, with DOGE never being allowed to come close to the big budget items (welfare, military, etc..).
So we can expect the debt bubble to increase until it pops.
Bitcoin will be there as a lifeboat when it happens.
IMHO 2 bad ones:
1. Tariffs
2. Immigration
...and 2 good ones:
3. Lower taxes
4. Peace
He is now proving again that he meant what he said.
He is serious about increasing tariffs as was made painfully clear last week. He is serious about cracking down on immigration, although that is much easier said than done.
He seems to be attempting to pressure both sides into peace degotiations in Ukraine. It's a very tough deal to broker... but I believe that he will put all his clout into achieving it.
He is still to annouce his tax plan, but if the past serves as a guide he will pass large tax cuts in the US. Significant enough to offset the damage done to US corps by tariffs.
What he will not be able to do is balance the budget and reverse the US debt crisis. The cuts necessary to do that are just not politically viable in the US. He would need Milei-style shock therapy. My bet is that he won't even get close to trying, with DOGE never being allowed to come close to the big budget items (welfare, military, etc..).
So we can expect the debt bubble to increase until it pops.
Bitcoin will be there as a lifeboat when it happens.