The largest chunks of US bonds are held by nations, so I think the subtext is that if any nation starts dumping bonds to hurt the US economy he may consider it a casus belli. Basically forcing them to hold the bag at gunpoint. This is a dream situation for a conman like him.
This is what he means. In fact, I think he is specifically referring to Canada. The first time Trump brought in tariffs, Carney initiated a little bond market run, causing him to back down. It was the first “CO” in TACO. Trump has been bristling since then.
I hate how the headline tries to trivialize the fact that America is threatening to attack its former allies on the basis of trade irritations. This guy is fucking mental.
The largest chunks of US bonds are held by nations, so I think the subtext is that if any nation starts dumping bonds to hurt the US economy he may consider it a casus belli. Basically forcing them to hold the bag at gunpoint. This is a dream situation for a conman like him.
But wouldn’t that essentially make US bonds untradable, thus worthless?
This is what he means. In fact, I think he is specifically referring to Canada. The first time Trump brought in tariffs, Carney initiated a little bond market run, causing him to back down. It was the first “CO” in TACO. Trump has been bristling since then.
I hate how the headline tries to trivialize the fact that America is threatening to attack its former allies on the basis of trade irritations. This guy is fucking mental.
Damn I didn’t consider that but it makes some sense. What a fucking monster.
and here I was hoping he would sell some nice military surplus gear to buy them back