Carol Roth

And I called it out right then and there and said, this is a setup. They know this is coming no matter what. And so they are setting the groundwork to blame this on Trump. And so, you know, get ready for the talking points. You know, Trump's been, as we said, only in there for six weeks. He hasn't even really had a chance to do anything about the economy. Congress certainly isn't helping.

And I called it out right then and there and said, this is a setup. They know this is coming no matter what. And so they are setting the groundwork to blame this on Trump. And so, you know, get ready for the talking points. You know, Trump's been, as we said, only in there for six weeks. He hasn't even really had a chance to do anything about the economy. Congress certainly isn't helping.

And I called it out right then and there and said, this is a setup. They know this is coming no matter what. And so they are setting the groundwork to blame this on Trump. And so, you know, get ready for the talking points. You know, Trump's been, as we said, only in there for six weeks. He hasn't even really had a chance to do anything about the economy. Congress certainly isn't helping.

And yet we're already getting the rhetoric that, oh, look what he did to our really great economy.

And yet we're already getting the rhetoric that, oh, look what he did to our really great economy.

And yet we're already getting the rhetoric that, oh, look what he did to our really great economy.

Yeah, it absolutely would cause our inflation to go through the roof because, you know, even with the cash in and cash out that we have, as we said, we're running these wartime level deficits. And by the way, we're financing those at high interest rates, not necessarily in the historical context, but in the context of the last 15 years.

Yeah, it absolutely would cause our inflation to go through the roof because, you know, even with the cash in and cash out that we have, as we said, we're running these wartime level deficits. And by the way, we're financing those at high interest rates, not necessarily in the historical context, but in the context of the last 15 years.

Yeah, it absolutely would cause our inflation to go through the roof because, you know, even with the cash in and cash out that we have, as we said, we're running these wartime level deficits. And by the way, we're financing those at high interest rates, not necessarily in the historical context, but in the context of the last 15 years.

And in a way that we have now made the interest expense on our debt, you know, what we're paying for stuff we've already bought exceed the financing charges exceed what we're spending on defense. Niall Ferguson has a great sort of maxim, if you will, that basically I'm paraphrasing here, but, you know, nations that spend more on interest exceed.

And in a way that we have now made the interest expense on our debt, you know, what we're paying for stuff we've already bought exceed the financing charges exceed what we're spending on defense. Niall Ferguson has a great sort of maxim, if you will, that basically I'm paraphrasing here, but, you know, nations that spend more on interest exceed.

And in a way that we have now made the interest expense on our debt, you know, what we're paying for stuff we've already bought exceed the financing charges exceed what we're spending on defense. Niall Ferguson has a great sort of maxim, if you will, that basically I'm paraphrasing here, but, you know, nations that spend more on interest exceed.

versus debt don't remain great nations for very long. That seems to be a pretty obvious something that everybody can wrap their heads around. That we don't want to be spending all of our money paying for stuff that we've quote unquote already bought.

versus debt don't remain great nations for very long. That seems to be a pretty obvious something that everybody can wrap their heads around. That we don't want to be spending all of our money paying for stuff that we've quote unquote already bought.

versus debt don't remain great nations for very long. That seems to be a pretty obvious something that everybody can wrap their heads around. That we don't want to be spending all of our money paying for stuff that we've quote unquote already bought.

and we certainly at these levels cannot afford to do that if we continue to do that and you know this kind of goes into another conversation that we've had before glad to is that you know central banks around the world who used to be our friends in support of the us being the world's reserve currency used to just buy treasuries as kind of part of the deal here on an ongoing basis.

and we certainly at these levels cannot afford to do that if we continue to do that and you know this kind of goes into another conversation that we've had before glad to is that you know central banks around the world who used to be our friends in support of the us being the world's reserve currency used to just buy treasuries as kind of part of the deal here on an ongoing basis.

and we certainly at these levels cannot afford to do that if we continue to do that and you know this kind of goes into another conversation that we've had before glad to is that you know central banks around the world who used to be our friends in support of the us being the world's reserve currency used to just buy treasuries as kind of part of the deal here on an ongoing basis.

Over the past 11 or so years, they have been net sellers of treasuries. They've actually replaced that with gold on their balance sheet. So if we don't have central banks that will just buy treasuries whenever, because that's part of the geopolitical deal, that means you have to find people who are looking at the price. They're looking at the price of the treasuries.

Over the past 11 or so years, they have been net sellers of treasuries. They've actually replaced that with gold on their balance sheet. So if we don't have central banks that will just buy treasuries whenever, because that's part of the geopolitical deal, that means you have to find people who are looking at the price. They're looking at the price of the treasuries.