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Canada increased holdings of U.S. debt by 27% last year
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this post was submitted on 10 Mar 2026
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A trump never pays his debts.
He hasn't taken over the Federal reserve, YET. If the fed loses independence and trump takes over (which he clearly wants) all bets are off.
What "a trump" does is not important, even the shittiest demagogues out there still rarely default on treasury and public debt like this. What's way more likely is that they'll fuck up the entire economy to pay off these debts, and use that as an excuse to cut the tiniest amount of public services and social welfare they accomplished in the last 20 years.
A default on public debt would impact Trump personally. On those matters you can bet that he works hard to cover his ass.
You're assuming he actually give a fuck about any of that. He's going to be in the office for three more years. He doesn't need to worry about reelections. He's going to spend that time making as much cash for his family and friends as he can, but any means he can. He absolutely doesn't care if he trashes the whole economy in the process.
I understand that, but thrashing the economy is very different from thrashing the credit rating of the whole country. But I can see how perhaps I’m still in denial, looking back it is true that this regime has been worsen than my wildest imagination in all aspects
I mean just look at the debacle that it the war with Iran. There's a reason why no single US president was dumb enough to do that, but here we are now.