The Titanic thread

[al_keda]

[Dr Strangelove]

America’s Credit Card Is Maxed Out
The 30-year Treasury yield now sits above 5.1 percent, having spiked to 5.18 in May, its highest level since 2007, on the eve of the financial crisis.

Markets are no longer whispering about American fiscal credibility. They are shouting.

Consider the arithmetic. When yields last touched these heights, the US national debt stood at $8.35 trillion. Today it is nearly $39.5 trillion, almost five times larger, and growing by roughly four trillion dollars a year.

This is not a country managing its finances. This is a country that is functionally bankrupt, living on its credit card and spending like drunken sailors on shore leave, except sailors eventually sober up.

America cannot afford these rates. And with inflation reaccelerating and the Fed tilting toward hikes rather than cuts, the rates coming next will be higher still. The bill always arrives.

[Dr Strangelove]

The "Hug Snub": The host highlights a moment at the World Cup (3:23-4:58) where a Spanish goalkeeper allegedly snubbed Trump by shaking his hand briefly, only to then embrace Canadian Prime Minister Mark Carney. The host contends this perceived disrespect, combined with Trump’s well-documented sensitivity, triggered his retaliatory tariff decision.
Analysis of Stated Reasons: The White House cited "discriminatory treatment" of U.S. commerce in sectors like alcohol, dairy, and motor vehicles as the reason for the tariffs (1:29-2:00). The host debunks these claims by noting the timing of these trade issues doesn't align with the recent tariff announcement and that many of the listed goods—such as hockey equipment—are not related to the stated trade barriers (7:42-9:45).
Political Context: The video features reactions from Canadian leaders like David Eby and Doug Ford, who express confusion over the sudden policy shift (11:56-13:06). It also includes a report from CNN illustrating the significant decline in Canadian confidence in U.S. leadership during Trump's presidency (14:34-16:30).
Pattern of Behavior: The host points to NPR reports documenting Trump's history of using government powers against perceived personal enemies (5:52-6:43) to support the theory that the tariffs are a petty, ego-driven response.


And it is only going to get worse...

David thinking it's all going to fix itself after Trump is gone is farcical at this point. Yes, some idiots will go right back to their old habits but the world will replace what the US had at its beck and call. The trust is gone and will take generations to restore and geography isn't going to heal that any more that Russia is going to be friends with any of their neighbors. You can't fix asshole. Both US and Russia are irredeemably corrupt and will take down anyone with them just to have one more day in the sun.