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Saturday, August 3, 2024

Trump: No tax on tips, no tax on Social Security


If he can get back in, would be substantial fiscal stimulus… Trump at least talking about economic proposals Dems just talking about all the transgender and climate nutter stuff while prices for real items remain elevated, unemployment rate keeps rising and rate of job creation keeps falling…




Trump telling Powell at the Fed not to modify the policy rate before the election if he wants to finish his term if Trump gets back in…. Prediction markets now 100% probability of a cut in September so looks like Fed is going to reduce the rate before the election…

Trump will then claim “election interference!” and will probably then get in front of it by promising to fire Powell on day one and guarantee a new Fed chairman who will immediately lower the policy rate to a point where the 30-year mortgage rate immediately goes back to 3% where it was when he left…

So Trump proposals will be: no tax on tips, no tax on Social Security, and a return to the 3% 30-year mortgage rate…

3 comments:

  1. See the link in Tom's post:
    https://thealtworld.com/whitney_webb/trump-embraces-the-bitcoin-dollar-stablecoins-to-entrench-us-financial-hegemony

    Trump is a rabbit hunter.

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  2. But would this ever pass? The debt! The debt! The debt!

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  3. He’s proposing for us govt to start to save bitcoin and if the price of bitcoin goes way up he thinks we may be able to buy back the USTs with bitcoin at some future much higher value to USD …

    ReplyDelete