Its obvious what Trump meant there, A humiliating defeat, Could say the Chancellors response is good 'political save face', but he is also being disingenous by applying modern thinking / context to a different time. German citizens were not lining the streets and whopping cheering when US and Russian Forces rolled though their country at the end of the war.

Trump is correct, it was not a good day for them, nazis gone, but they were still in the ****. Anyway, as things stand right now now in 2025 America has reasons for cautious optimism, Germany, not so much, At least, I would not be getting too smug if I were in their shoes.

So these doomsday prophecies around the American economy, our newspaper here in Europe post on daily basis or almost daily basis, are wrong.

Because the stuff Skybird wrote about the American bonds have been mentioned even in our Danish and Swedish newspaper.

Whatever gonna happen with these bonds. USA will survive and become economical strong again.

Markus

Its not 'wrong', and also Its not USA specific, its global and we're all in the same boat. if people are gloating it will collapes the US and think it magically wont collapes their own nation, when the dollar is still the world reserve... then they are being pretty dumb.

its mathmatical certainty, once national debt exceeds over 200% of GDP its over, just about anyone knows this, the issue is timing, who know when and how they run out of tricks? could be next near could be in 20-30 years, so, no point in obsessing over it.
Nations will survive as you say, as theyre backed up by history and culture and stuff people can relate to, artificial institutions like central banks, EU, IMF etc probably wont fair so well.

If worried get some hard assets if you can afford some, most forms government issued currency are undeniably f**ked now and losing purchasing power about the rate of 11-13% per year since the pandemic, and it will not likley be getting better. so if you have a bunch of cash in savings, It cant hurt to get some financial advice and maybe least put some of it in something which can store value better than our dying currencies which will be printed out of existence and have to be replaced.

Elon Musk has accused his former ally, Donald Trump, of involvement in the Epstein child trafficking case. Trump claims that Musk is ‘wearing thin’.

https://amp.abc.net.au/article/105384646

Musk has also claimed that Trump would have lost the election without him, and that Trump is being ungrateful. Trump has in turn threatened Musk’s government subsidies and contracts, and Trump allies have accused Musk of being an illegal immigrant and are threatening him with deportation.

https://youtu.be/86t1mWjDPcA

^ It was a severe accusation Musk came up with-Can he back up this accusation ?

If he have evidence, he should go to the police

Markus

I admit I do not have any clue on this GDP thing.

I have been reading a little after having read your answer and came up with a question

1. Japans GDP is above 213 % (more than 200 %)They should be bankrupt if I understand your explanation on this 200 %

Denmarks GDP is 7.4 % and a dept around 220 Billion. They have the highest ratings.

Markus

It‘s not that simple. Japan has had a national debt beyond 200% of its GDP for a long time. For the most part that has worked really well, but whenever there has been a larger crisis Japan has felt it. The USA have been at a debt level of round about 120% of its GDP, which is still considered to be a lot, but manageable. The EU has set 60% as a target number for its member states, which has been proven to be rather low.
It also depends on many other factors. As long as there‘s someone willing to lend a nation money it isn‘t too mushroom a problem. That‘s basically trust - nations can borrow money as long as they are considered to be reliable with paying their debt and interest.
I don‘t see a collapse for the US regarding that system. However, the Trump government has made a number of political decision that has increased doubt about the US government‘s willingness and ability to pay back loans - which has resulted in higher interest rates. They can still borrow money, and I don‘t see why that should change in the foreseeable future - but it will cost them more in the long run.

„The long run“, however, is something neither Trump nor any other democratically elected leader really thinks about. If you are lucky your government thinks beyond the next election cycle - but that‘s rare.

Written at the end of 2023, by a Swiss bank analyst.


https://www-zkb-ch.translate.goog/de..._x_tr_pto=wapp


"According to the Congressional Budget Office (CBO), the debt could even rise to almost double economic output by 2053 if current laws remain unchanged (see chart)."


https://i.postimg.cc/KjQpfsgc/sz.png


This is no fairy tale adventure. You cannot put your hand into the purse and take from it without ever replacing what you take and expect that it will be endlessly filled with gold, forever, and will never empty. This nonsense is what economics and banking today seem to tell people. BS, I say. BS, Austrian economics say. Credit that is never paid back, is no credit, but plunder, robbery, parasitism. Such a debtor is no debtor, but a criminal. And that is true for every nation doing like this.

Most governments have a credit rating with credit rating agencies such as Moody's, Standard & Poor's and Fitch. This rating tries to give an indication of the likelihood of defaulting on obligations, with the credit rating agencies trying to factor in the above factors as best they can. A sovereign default is in many cases preceded by a (sharp) downgrade of the country's rating. Another indicator is government bond yields. When the risk increases, a government has to offer more interest to still attract investors. A sharp rise in government bond yields is therefore an important predictive indicator. A state is sovereign and thus, in principle, cannot be forced into proceedings, let alone liquidated. Thus, under national legal systems, a state cannot be declared bankrupt, and under public international law, no such procedure exists. Nevertheless, state bankruptcy will not be without consequences for a state, its people and, of course, its creditors.

The reputation of the state that fails to fulfil its obligations will get a hefty dent. Obviously, no one will want to lend money to the state in question anymore, so it will have to finance its policies entirely from tax revenues. Although the debt burden is immediately eliminated, a state will usually not be able to avoid spending cuts and burden increases, because the national debt often stems from a deeper cause and because state bankruptcy itself damages the economy (even further). These burden increases can, in turn, worsen the economic situation to which the government can respond less decisively, since, after all, it cannot borrow any more. States often try to negotiate restructuring plans with creditors, realising that otherwise they will not be able to borrow money from anyone at all in the future. A state bankruptcy deeply affects the national economy, and thus the lives of its people. Ultimately, this can lead to a social crisis: riots, civil war, political instability, rise of extremism, and perhaps at a later stage international aggression. Moreover, there may be a domino effect when the direct or indirect consequences of state bankruptcy affect other countries. And certainly with the US, it will hit us hard that you don't want. In history, it has regularly happened that a state could not or would not meet its obligations

• 1345, England
• 1557, 1575, 1596, Spain
• 1811, Austria
• 1813, Denmark
• 1837, U.S.
• 1861, Mexico
• 1876, Ottoman Empire
• 1893, Greece
• 1902, Venezuela
• 1918, Russia
• 1923, 1932, 1945, Germany
• 1998, Russia
• 2002, Argentina

I don't know what European newspapers you read, but I don't see one that is constantly full of oh, oh now America's Economy is going down the drain, I see analyses by economists, some a bit gloomy, but in general anyway that America can survive this. And this are all no wizards with magic future teling globes.

https://encrypted-tbn0.gstatic.com/i...n-JhY&usqp=CAU




:03:

Here have some compilatory nuts with it.
https://i.ibb.co/2Vyv3Xm/nuts.jpg

US imports plunged in April. It represents a 16.3 per cent drop compared to the month of March. According to the Commerce Department, it is ‘the biggest monthly decline in imports ever’. The first few months of the year still saw record imports. This was because importers wanted to bring as many goods as possible into the US quickly before Trump's new levies came into force. Americans bought fewer foreign medicines (from Ireland and Switzerland), mobile phones (from China) and cars and car parts (from Mexico, Canada, Japan and South Korea) in April. Purchases of machinery (from China) also declined and are now at their lowest point in five years. Exports rose slightly, by 3 per cent compared to March. This was boosted by an outflow of gold. Investors had been stockpiling gold bars from Switzerland for months in case Trump restricted their trade. Trump's levies should boost US domestic production, but experts warn that they could have negative effects on both the economy and consumers, who will have to pay higher prices in shops.

Companies in Germany exported less in April. German exports clearly suffered from import tariffs imposed by Trump on goods entering the United States. The European Union's largest economy sold 2.1 per cent less to foreign countries compared to the same month last year, German federal statistics office Destatis reported. Compared to March, exports fell 1.7 per cent. Exports to the US dropped 6.3 per cent compared to April 2024. Compared to March, this was a decline of over 10 per cent. Destatis also reported that Germany's sizeable manufacturing sector produced 1.8 per cent less in April than a year earlier. Compared to March, it was a 1.4 per cent drop

UC Berkeley proves that it, too, has lost its mind. It brings in German economic destroyer and third-rate children's book author Robert Habeck as a guest lecturer.


Well. You'll reap what ye sow.

Zelenskyy has called for a 30-day ceasefire between Elon and Donald.

:har: