The Great Satan is still boxed into a corner, its options still highly limited. Far from making Amerika great again, it's clearly in decline if not collapse.

Doug Noland has noted the wobble in what he's called history's greatest ever bubble and which he says he's been watching since the early 1990s. Many have noted the sell-off not just in Great Satan bonds but also Great Satan shares and its demonic "worthless paper" USD. The Junk bond market has frozen.

It's clear that war criminal, The Donald, and his daft pronouncements are nothing more than a distraction, possibly from Basel III in July. Bessent is also spouting claptrap.

One dangerous card that China’s got is its $760 billion holdings in Treasury securities. The country is the US’s second-largest foreign creditor after Japan… Treasury Secretary Scott Bessent brushed this fear aside. In a recent interview with Tucker Carlson, he talked about the beauty of being the world’s biggest borrower. ‘If you take a bank loan, the bank is in charge, they can repossess whatever you borrowed against. But if you take a big enough loan, you’re kind of in charge of the bank,’ he said.”
- Burst Bubble Walking

That's the old adage that if you owe the bank a million dollars you're in trouble but if you owe the bank a billion, the bank is in trouble.

But it's not true. The Great Satan's entire financial system is built on top of Great Satan bonds. Any default and the entire system would implode; all hell would break loose.

Furthermore, China has $5Trillion in loans to other nations, a lot of which can be redenominated overnight, thereby indemnifying China against loss on that portion of the debt, whilst imploding the Great Satan bond market.

The IMF has said, "something has to give". Noland's Credit Bubble Bulletin cites Jerome Powell saying addressing the unsustainable debt would be better sooner rather than later. And it has to be a controlled demolition.

“Treasury Secretary Scott Bessent played down the recent selloff in the bond market, rejecting speculation that foreign nations were dumping their holdings of US Treasuries, while flagging that his department has tools to address dislocation if needed… ‘We are a long way’ from needing to take action, he said. But ‘we have a big toolkit that we can roll out’ if so. Included in that toolkit is the department’s buyback program for older securities, Bessent said. ‘We could up the buybacks if we wanted.’”

Again, that's not true. As Jerome Powell has pointed out discretionary squandering is only a small proportion of the total. Buying back your own bonds would be reducing borrowing. But the Great Satan can't increase taxes because that would collapse the quackonomy which is balanced on a knife-edge. Or as Paul Volcker said, he'd never seen anything so intractable.

This is what's meant by the propaganda when they refer to bringing Hitler to power. It's the financial disaster caused by the greed of the money-changers and which destroyed the savings of the hard-working german people in the 1920s hyperinflation. It's also why self-hating Jew, Jesus Christ, flew into a rage when he witnessed the money-changers peddling their businesses on the steps of the temple.

Everyone's now looking to trade without the Great Satan:

Xi is visiting south-east Asia this week, his first foreign tour of the year, to reassure trade partners and strengthen ties with export-dependent countries rattled by Trump’s sweeping tariffs.
. . .
“European Commission chief Ursula von der Leyen has noted ‘a positive side effect’ of the tariff uncertainty created by United States President Donald Trump: More world leaders want to do trade deals with the EU. ‘I am currently having countless talks with heads of state and government around the world who want to work together with us on the new order,’ von der Leyen said… ‘Everyone is asking for more trade with Europe — and it’s not just about economic ties. It is also about establishing common rules and it is about predictability,’ she said, adding: ‘Europe can deliver that.’”

"Federal Spending Is Only Going Up: Trump Pushes Trillion-Dollar Defense Budget"

As the article points out, as a discretionary item, attack-squandering would be viable for a cut.

A previous article on lewrockwell.com claimed that with attack-squandering hidden in other budget sectors such as the DoE, attack-squandering was already about $2trillion.

Also the now postponed illegal tariffs have been cited as a cause of an INCREASE in imports to the land that their forefathers thieved and may still be applied a week after Basel III is implemented. It's not as though the Great Satan can afford a stagflation that would push up interest rates and collapse revenue, when interest payments are already accelerating faster than GDP and deficits are destined to rise as far as the eye can see.

War criminal, The Donald's, move to limit renewables and "drill baby, drill" is also a dumbassed, short-term attempt to maximise profits, despite renewables being the most economical form of energy where you reap the full benefits by adopting them in volume rather than piece-meal.

So all in all, it's a policy of kicking the unsustainable can down the road and every bit as asinine as war criminal, The Donald 1.0, suggesting aircraft carriers revert to using steam-powered launchers. What should really worry Amerikans is that war criminal, The Donald, appears to be ACTUALLY in charge.

Except, the tariffs on China have been kept in place. So China is now in the same boat as fellow BRICS+ member, Russia. It looks like the illegal tariff war is a cover for China, BY FAR the World's largest trading nation, to dump the "worthless paper" USD. China via the Belt&Road Initiative has already diversified away from trading with the Great Satan directly, whilst war criminal, The Donald 1.0, dropped out of the TPP and TTIP and the 10% across the board tariffs remain.

But what then of the Great Satan? Is it then isolated and left to implode all by itself?

"US stocks plunge on Wednesday amid Fed chief Powell's reported stark warning of 'slowing' economy", reports Global Times.

But 70% of the Great Satan quackonomy is consumption. So it can't afford austerity because revenue would collapse at a time when debt to GDP is already going parabolic. In other words, the Great Satan quackonomy is a Gordian Knot, designed to make it as difficult as possible to extricate from a jew-confetti standard. But now it HAS TO make the adjustment. So a BIG TRAIN WRECK is the only possible outcome.

Gold prices vaulted on Friday over the $3,200-per ounce mark for the first time.Gold prices vaulted on Friday over the $3,200-per ounce mark for the first time.
- Ghana orders foreigners to exit gold market by April 30