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Originally Posted by Chicks
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No one seems to be talking about the interest rates and declining support to USD as reserve currency, which is the USD holdings worldwide which amounts to interest free loan to our economy.
Once the mindless tariffs kick in, especially against Canada and Mexico who can easily enact counter measures to hurt the US economy, the inflation and the resulting hike in interest rates will jump through the roof. The $4Trillion deficit that the Republicans are planning will not be easy to justify at higher interest rates and borrow they must because, all of the actions taken by DOGE most of which will be blocked by the courts, will not pay for even a tiny fraction of the deficit. And the only raison d'être for Trump II is tax cuts and enriching himself since he has already escaped any punishment for the J6 insurrection and theft of classified documents.