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Trump, Hegseth Tout $1 Trillion US Defense Budget
(Bloomberg) -- President Donald Trump said his administration had approved a defense budget in the “vicinity” of $1 trillion.
“We are very cost conscious but the military is something that we have to build and we have to be strong because you have a lot of bad forces out there now,” Trump said at the White House on Monday during a meeting with Israel’s Prime Minister Benjamin Netanyahu.
More:
https://www.msn.com/en-ph/money/mar...-defense-budget/ar-AA1Cu70b?ocid=BingNewsSerp
@JayDubya<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Bessent was hired to strengthen the dollar by doing the opposite of all the warning signs he saw in the British Pound. <br><br>Inflated housing markets, treasury yields, etc. all pointed to the big short that the Soros fund pulled off. <br><br>Bessent&#39;s obsession with the prices of homes and… <a href="https://t.co/9otbsKip8r">https://t.co/9otbsKip8r</a></p>&mdash; Derek. (@SuitablePolitic) <a href="">April 7, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
I thought Trump's strategy was to weaken the dollar. If so, then the following statement is contradictory and makes no sense; "Bessent was hired to strengthen the dollar..."
Edited to add - what the hell happen when I embedded that tweet? Look at all that code.
Edited to add - what the hell happen when I embedded that tweet? Look at all that code.
I believe you are spot on all the way down the line, Goldhedge.
Bessent was hired to strengthen the dollar by doing the opposite of all the warning signs he saw in the British Pound.
Inflated housing markets, treasury yields, etc. all pointed to the big short that the Soros fund pulled off.
Bessent's obsession with the prices of homes and the interest rates on treasury bonds isn't just rank populism.
He's looking to strengthen the leading indicators of a currency.
This is what I mean by "white hat hacking" the dollar.
Mapping out its vulnerabilities to protect it against future exploitation.
One of the most glaring vulnerabilities was a heavily overinflated trading market. Wall Street was on a sugar high.
Hedge funds were leveraged to the gills, and if that bubble popped, it would have created an 08 style financial crisis.
The tariff roll out... volatility and all... was a way of creating controlled detonation.
Wall Street FREAKED OUT and deleveraged themselves.
Now, there won't be any banks or hedge funds who can't afford to pay off their loans because they overlevered.
The extreme tariffs are also coming at a time when Bessent sees a recession or depression happening in China. He emphasized this several times with Tucker.
By boxing in China and shutting down their exports, he's creating the same conditions that led to the big short of the British Pound.
If the Chinese Yuan collapses, then it'll cause a global flight into US Treasury bonds.
Driving down interest rates even further for when they go to refinance the $9T of expiring debt.
Yup, and I'm still waiting for the April 1st arrest that Elon promised us.Remember this?Pam Bondi said huge Tesla terrorist arrest in 24 hrs. So she missed the deadline again but in the end who really gives a shit about some tesla vandalism when 100's of billions in crimes were committed in DC?
Bessent was hired to strengthen the dollar by doing the opposite of all the warning signs he saw in the British Pound.
Inflated housing markets, treasury yields, etc. all pointed to the big short that the Soros fund pulled off.
Bessent's obsession with the prices of homes and the interest rates on treasury bonds isn't just rank populism.
He's looking to strengthen the leading indicators of a currency.
This is what I mean by "white hat hacking" the dollar.
Mapping out its vulnerabilities to protect it against future exploitation.
One of the most glaring vulnerabilities was a heavily overinflated trading market. Wall Street was on a sugar high.
Hedge funds were leveraged to the gills, and if that bubble popped, it would have created an 08 style financial crisis.
The tariff roll out... volatility and all... was a way of creating controlled detonation.
Wall Street FREAKED OUT and deleveraged themselves.
Now, there won't be any banks or hedge funds who can't afford to pay off their loans because they overlevered.
The extreme tariffs are also coming at a time when Bessent sees a recession or depression happening in China. He emphasized this several times with Tucker.
By boxing in China and shutting down their exports, he's creating the same conditions that led to the big short of the British Pound.
If the Chinese Yuan collapses, then it'll cause a global flight into US Treasury bonds.
Driving down interest rates even further for when they go to refinance the $9T of expiring debt.
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