Written By:
lprent - Date published:
8:50 am, April 11th, 2025 - 29 comments
Categories: Donald Trump, Economy, International, us politics -
Tags:
Faced with an inability to fund the the US government debt, Donald Trump halted his insane rush to toward a global depression. However the political system in the US that produced this global economic insanity is still there and is still nonfunctional.
It is past time to disengage from any reliance on the United States congress, courts, and executive until the fools figure out how to make their political system more functional again.
This isn’t just the issue of how one economical illiterate in the White House can cause so much damage so fast. It is about the subservience and logjams in the whole US political system, especially congress, that allowed this insanity to happen.
While others could suggest ideas, that has been done to death over many decades. Clearly the US needs to fix itself. While it does so, the rest of the world needs to disengage from the American tragedy.
Been watching C-SPAN in the US House of Representatives trying to elect a speaker. Last time that there was more than one vote to get a speaker was in 1923. This figures, the author of this political madness, Donald Trump seems to be a law and tax evading crook worthy…
A Trump win in America would cause a resurgence of the most racist toxic views imaginable, not only in America but elsewhere.
The reality is that the United States is a poor example of a functioning democracy in 2020.
what does that look like in practical terms for NZ?
Not much different for NZ from what we have been doing.
We continue to diversify our trade partners. keep working on a multilateral and international agreements. I'd suggest that our companies spend less effort and resources trying to break into exporting to the US markets. The uncertainty and risk levels just went up exponentially.
The main area would be to stop leaning so deeply on US surveillance and communications in the military and economic zone spheres. But above all to increase our defence spending while keeping out suppliers diverse. Having reliance on a military supplier industry that is as unreliable like the US when using systems that are heavily software driven is risky.
We also need to constrain and control the influence of US tech companies and external money influences in the social and political spheres more deeply.
Quite simply the madness that is infecting the US political system has been creeping in here. The grubby little bill that got discharged out of the house yesterday being a case in point.
Also allowing an dependence on US network infrastructure and systems is kind of dangerous as well. They are potentially just as susceptible to home government interference as being supplied by Chinese suppliers (ie like Huawei and 5G).
Personally, I'm going to start looking for alternate suppliers for some of the TS systems. Stop paying AWS for DNS services for TS for instance.
But also look at the streaming services we use at home. There have to be adequate suppliers outside of US companies. Review subscriptions to various US publications.
is that withdrawal of business, or concerns about data/privacy?
Mostly about not wanting to get reliant on something that can be manipulated and is able to be used for influencing. We stopped watching free-to-air more than a decade ago because the ads were a pain. But at least those were obvious influences.
Streaming a mixture based on commercial was a much simpler media environment and didn't suck up valuable time. Same for the numerous things that I read or subscribe to. They're selected to balance across spectrum of thought.
The data/privacy really doesn't matter. I routinely set up firewalls for everything.
I treat it like I would a health or dietary problem, I don't go down rabbit holes accidentally because they tend to be bad for your health when they are being done fro someone else's benefit.
But Goebbels was an amateur of the obvious compared to what goes on in mass media these days.
And if the Australians are of a similar mind to us on this, that is very helpful in terms of a strategic separation from the US and building interoperability with Australia on security. But the fact that Peter Dutton and the Liberal Party might win the May election is not reassuring that the Australians are of a similar mind.
It has been interesting watching Peter Dutton shift positions over the past months and weeks as the polling shifts and the US goes off the rails. But whoever wins (and Labour looks like it is likely to on a two party preferred basis in this short election period), the independents are going to be a hell of a constraint on whoever leads the government.
The Greens are polling 13.5 per cent in the Australian Roy Morgan poll 4 days ago.
Yeah, but that isn't enough to cobble together a coalition amongst the Teals and other independents without Labor or the LibNats. I don't think that the Greens could work with the LibNats, but they can usually squabble to a working arrangement with Labor.
Agreed, bandt told albo see you at the election as labor came too late to them for a deal on housing last year.
Dutton's likely to tank IMO as he is as unelectable now as when he wanted to be leader after they ousted Turnbull.
He also thinks the Oz public are gullible the disingenuous way hes pitching nuclear power. Going to bite him on the run in I reckon.
Totally. Bonhoeffer's theory of stupidity is being proven on a daily basis.
Succinct and true.
I would not bet that the USA would win a drawn out trade war with China.
Dunno Chinas demographic issues are going to really start hurting its economy before long and if India can start filling the gaps. USA could well win out.
https://chinapower.csis.org/china-demographics-challenges/
You have got it all wrong lprent. As Karoline Leavitt, WH press secretary says, it's all about "the art of the deal".
Trump is simply a brilliant strategist.
I've stopped buying American oranges at New World.
maganomics
Not really into subservient people who will say whatever crap they are given without it passing through any neocortex processing.
I get the impression that regenerative AIs are more intelligent than she is.
Why now? I looked at the carbon cost a while back and decided that local mandarins were better anyway.
True re the oranges….but USA were the only ones available.
I was of course being sarcastic about the press secretary who is clearly paid to spout whatever drivel Trump orders.
Unfortunately, Trumps puppet masters, like Seymour’s, are not stupid.
Obviously dangerously self interested, however.
The aim is to make Government so dysfunctional, that it gets replaced with a dictatorship of self appointed billionaires.
And. They are happy to destroy society and even, civilisation, to get their way.
Several of them have openly stated that democracy is just an obstacle to them.
Attempts to subvert NZ such as the regulatory standards bill, the deliberate failures of State provision, and the deliberate rarking up of "culture wars" shows we have the same type of conscienceless power brokers behind the Coalition of Cockups.
…and Seymour, Simeon Brown and Shane Jones are watching and learning from the puppet masters.
Watch this space.
China is talking to the EU about a common response to the US tariffs.
That won't happen, what should is, transferring over the WTO agreements into a new organisation. An International Trade Organisation – ITO.
Building a new administration system and disputes process.
And with no US involvement, excluding the US from membership, until it agrees to abide by its own FTA's and ITO terms set for it.
The US will not withdraw from the WTO because they use their place in it to subvert it. As they will not from the UN, because they have the power of the veto and profit from hosting it.
The EU should use the ITO to bring in carbon tariffs on trade – the money can fund support to green tech to developing nations (given the US is withdrawing from this funding).
The other discussion is how to support the world bodies the US withdraws funding from.
And a host UNGA Resolutions, such as no nation having the UNSC veto unless membership dues have been paid. Soft power can be used.
https://apnews.com/article/china-us-tariffs-negotiations-f5acfd1ef8f3573f92e8963a8150bdfb
Xi versus a mobbed up property developer.
.
What happens when the world’s second-largest economy suddenly pulls the plug on billions of dollars in US energy exports without warning, without negotiation and without a single public signal? You get a global energy market in shock and Washington scrambling for answers.
In a move that stunned traders, analysts and policymakers alike, China has just announced a complete halt on all liquefied natural gas imports from the United States. A decision made abruptly with no prior indication, no phased reduction and no explanation beyond a terse statement from Beijing.
[…]
In March 2025, Australia’s energy giant Woodside Energy inked a game-changing 15-year contract with China Resources Gas, one of Beijing’s top natural gas distributors.
Under the deal, Australia will begin supplying 600,000 tons of LNG per year, starting in 2027. While the volume might not seem earth-shattering on paper, the symbolism behind the agreement is monumental.
https://johnmenadue.com/post/2025/04/us-lng-crippled-as-australia-seizes-us1-5b-trade-overnight/
Xi is opportunistic and orange45 will provide plenty for china to take advantage of as his clown car crashes around the circus he has created.
It takes some "talent" to have a relatively smoothly running economy like the US and screw it up so badly in just a couple of months.
Short list of Muppets: Boris Johnson's Brexit, Liz Truss' tax changes and now Donald Duck.
Even Nicola Willis took 10 months.
Very good explanation of how the bond market play by Canada worked.
https://deanblundell.substack.com/p/carneys-checkmate-how-canadas-quiet?r=aax0&utm_medium=ios&triedRedirect=true
Draughts V Chess.
Apparently China has a stack of US bonds as well. So maybe they are holding out and looking to really punish the US.
https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html
Interesting analysis at Interest too. The biggest spike happened over a 20 minute period which seems to confirm the coordinated bond market play.
https://www.interest.co.nz/bonds/132836/martin-whetton-says-events-fixed-income-markets-week-have-no-historical-precedent
Terrific link and recommended succinct read thankyou.
Also the general threat from Asian banks.
https://asiatimes.com/2025/04/the-real-bond-vigilantes-hounding-trump-are-asian/#