Trump dominated the prime time on American television, delivering an 18-minute scripted speech. He maintained a stern face throughout, lacking his usual playful smile, but his ability to shift blame has become even stronger—after nearly a year in office, he criticized Biden 7 times and the Democrats 8 times in the speech, claiming he inherited a mess, yet not mentioning the $38 trillion U.S. debt issue at all. What’s going on?
This speech was heavily criticized by The New York Times, stating that it drove fact-checkers nearly crazy with a multitude of controversial statements. Trump alternately claimed that inflation has stopped, promised that electricity and prices will drop significantly next year, and proposed the 'strongest housing reform in history'; then he stated that he would use tariff revenue to give 1.4 million soldiers a 'warrior bonus' of $1776, regardless of the Supreme Court reviewing the legality of the tariffs. Even more absurdly, he brought up anti-immigration issues, suggesting that expelling immigrants could solve housing and employment problems, while also hinting at nominating a Federal Reserve chair who would significantly lower interest rates.
However, polling data doesn't lie; only 36% of Americans approve of his economic policies. Now the interest payments on U.S. debt are nearly catching up with military spending, and the three major rating agencies are sequentially downgrading America's credit rating. The 'economic prosperity' Trump speaks of is actually a sign of recession with a debt ratio exceeding 123% and an inverted yield curve. His so-called 'repair' of the economy is merely relying on lowering interest rates to prevent a debt collapse, which is essentially gambling on the last bit of global trust in American hegemony.
While Trump paints a grand picture for Americans, promising that the whole world will be envious next year, he is simultaneously allowing the $38 trillion debt hole to grow larger. You have to ask, can Trump fulfill those promises? With the severity of the U.S. debt crisis, will it push all the money into the crypto market? Yuzhe has already started positioning for the next wave of potential coins, aiming for a doubling of investment, entering top placement 聊天室 to strategize together