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#bailout

2 posts1 participant0 posts today
Continued thread

"There is a bailout coming. It could take a variety of forms and have multiple beneficiaries, but the government will be using taxpayer money to pay off the victims of Donald Trump’s disastrous economic policies. Some of them, anyway.

Farmers will almost certainly be first in line to be bailed out."

~ Paul Waldman

#Trump #tariffs #economy #StockMarket #crash #destruction #recession #farmers #bailout
/3

paulwaldman.substack.com/p/who

The Cross Section · Who Gets the Trump Bailout This Time?By Paul Waldman
If the banks mishandle dollars, the government can always create more dollars and bail out the bank. If the banks mishandle Bitcoin, the government cannot act as a backstop. There is no central issuer of Bitcoin and the supply is limited.

Check it out on YouTube ⬇️
https://youtube.com/shorts/Y8rKtuvleD0?si=CbRghcr9AH0wx6wE

#bitcoin #banking #money #bailout
Replied in thread

⬆️ #Pakistan presents a budget as it seeks a new long-term #IMF #bailout.

It’s looking for a long-term loan of $6B–$8B from IMF to help stabilize the economy, which in 2023 nearly defaulted on foreign debts.

Re IMF, Pakistan will privatize its national carrier, #PakistanInternationalAirlines, which #China will swoop in on when Pakistan defaults on China loans under #BeltAndRoadInitiative #BRI #debtDiplomacy, but its real prize is Pakistan’s #GwadarPort on #ArabianSea 👀

apnews.com/article/pakistan-bu