“He made $2 billion today and he made $945 million”

Wednesday’s play by Stinky Pants behind the scenes was a combination of a person getting pantsed in public and at the same time a person manipulating markets against laws in almost every country in the world. That is how I understand what happened anyway.

In either case, Stinky should be impeached for what he did. He has shown himself to be totally unreliable and not fully understanding of how either government nor finances work. As such he is a danger to our country and the world.

Briefly, from what I understand when Trump raised tariffs to ridiculous levels around the world, ministers led by Canada’s Mark Carney decided that this would be a good time for selling off their US Treasury Bonds. Even a slow sale would greatly devalue the bonds, thus putting the US in financial danger.

There is a great substack that explains the vice that Trump was put into. Suffice it to say Trump had machoed himself into a very bad situation. Here is a brief excerpt from the substack letter. And full explanation of why Carney’s maneuver worked and how Trump had been utterly trapped can be found in the letter:

This wasn’t about bravado. It was about leverage. Cold, calculated, and devastatingly effective.

Trump’s pause wasn’t because people were getting yippy…

Rewind a bit. While Trump was gearing up his trade war machine, Carney, Canada’s Prime Minister, wasn’t just sitting in Ottawa twiddling his thumbs. He’d been quietly increasing Canada’s holdings of U.S. Treasury bonds—over $350 billion worth by early 2025, part of the $8.53 trillion foreign countries hold in U.S. debt. On the surface, it looked like a safe play, a hedge against economic chaos. But it wasn’t just defense. It was a loaded gun.

Carney didn’t stop there. He took his case to Europe. Not for photo ops, but for closed-door meetings with the EU’s heavy hitters—Germany, France, the Netherlands. Japan was in the room too, listening closely. The pitch was simple: if Trump went too far with tariffs, Canada wouldn’t just retaliate with duties on American cars or steel. It would start offloading those Treasury bonds. Not a fire sale—nothing so crude. A slow, steady bleed. A signal to the markets that the U.S. dollar’s perch wasn’t so secure.  

That was part one of the day. Stinky Pants thus cornered had little choice but to call off the tariffs. He, as did everybody, knew the markets would soar when he announced such a move. Therefore any indication that he might lift the tariffs would be met with a stock rocket. This would be a great time to cash in bigly. So he gave some only slightly disguised hints posting “it’s a great time to buy” on his social media just shortly before he announced the pull back in tariffs.

From the Guardian we get this report that some folks noted the timing seems pretty suspicious: 

“ The timing of the US president’s posts and subsequent huge share jumps has sparked accusations of market manipulation. The Democratic senator Adam Schiff has called for an investigation, saying: “These constant gyrations in policy provide dangerous opportunities for insider trading.

“Who in the administration knew about Trump’s latest tariff flip-flop ahead of time? Did anyone buy or sell stocks, and profit at the public’s expense? I’m writing to the White House – the public has a right to know.”

The Democratic senator Chris Murphy also wrote on X that an “insider trading scandal is brewing … Trump’s 9:30am tweet makes it clear he was eager for his people to make money off the private info only he knew. So who knew ahead of time and how much money did they make?”

The New York Democratic representative Alexandria Ocasio-Cortez called for all members of Congress to disclose any stocks they had bought in the past 24 hours. “I’ve been hearing some interesting chatter on the floor,” she wrote on X. “Disclosure deadline is May 15th. We’re about to learn a few things. It’s time to ban insider trading in Congress.”

Unfortunately Democrats are not in power or we know a real investigation would be underway quickly. But if MAGAs (or in this case what few real Republicans are left) they would be demanding an investigation so they (and the country) don’t get caught in Trump’s next big failure that could take the country and all its citizens down.

This was a close call. And it is still not over. 10% tariffs are still left on the whole world and that is way too high. Beyond that, our barely literate president has jacked tariff rates up to 145% (last I heard) on China. That alone is enough to cause huge damage to the US. It is as if he has pointed a gun to America’s head.

Don’t forget this is only his financial dealings that most crumbled the country. His administration is doing similar crap in many other areas including destroying the governmental infrastructure, destroying our school systems, destroying regulations, destroying our health care systems, destroying our foreign aid systems, destroying our social security and medicare and medicaid system. The list seems endless. Each and every system they destroy will set our country back immensely.

And there is one big play he wants to make yet that could be catastrophic. That is making cyber currency the coin of the realm. That will make he and his family perhaps the richest people ever. Putin will get a huge windfall as will other selected billionaires. The rest of the world will be impoverished. I believe that is his ultimate goal.

For the sake of the country and the world impeachment hearings should be started and quickly before he can continue on his path of destruction.

And never, never think that Trump tells the truth about anything.