My prediction from three weeks ago...
"I expect a big bundle of surprises await
Team Trump, like real interest payments of
$1.5 trillion, real budget deficit over $3
trillion, off-book loans holding the banking
system together and unreported monetization
of debt."
"Like all things Biden, the official numbers
are no longer trustworthy."
There's a reason Trump started first with OMB and the Treasury. The Federal interest figures went wonky sixteen months ago but off-book loans have probably held the banking system together since mid-2023
This period is what a Credit Cycle inflection point looks like. The previous inflection was late 1970s/early 1980s, the switch from Carter to Reagan, from inflation to dis-inflation, were the rough endpoints.
Many surprises ahead for people who weren't paying attention. And for many others who believe Trump can fix this with crypto mumbo jumbo. I'm pretty sure not. My best guess is that he'll use Treasury directly for the Sovereign Wealth Fund while gutting D.C., shifting cashflow from sycophantic parasites to productive enterprise but an overhang of $36 trillion of debt remains. A serious mangling of the Federal Reserve is necessary, too.
Looks like the MSM was instructed to avoid media coverage of USAID.
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