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President Trump's first days in office.
President Trump's first days in office.
He’s identified real problems with our system and possesses the political will to pursue real change. Paired with a Republican majority in both chambers of Congress, he could genuinely achieve what his predecessors could not and pass major immigration reform during his term. But the sweep of these actions — mobilizing the military, pausing asylum, halting the parole process, trying to end birthright citizenship — will incur far more costs than benefits. The innocent people who are trying to flee danger or persecution in their countries and immigrate to the United States legally out of a sincere motivation to better their lives, who often help our country grow and stimulate our economy, will be caught in the machinery of these changes. All told, these executive actions are a step in the wrong direction.
Our system tends to exacerbate criminal behavior more than rehabilitate it, and the United States uses imprisonment as a punishment far more often than is productive or necessary. When it comes to the January 6 defendants, I fully support consequences for those who broke the law, but I also believe the Justice Department acted improperly in how it handled many cases.  The biggest example of this prosecutorial overreach came in a recent Supreme Court ruling that found the DOJ wrongly charged hundreds of rioters under an obstruction of justice statute that elevated the severity of their cases. This case did not fall along ideological lines; Justice Ketanji Brown Jackson joined the majority in the 6-3 decision, while Amy Coney Barrett dissented. At the time the ruling came down, roughly 50 defendants had been convicted and sentenced on that obstruction charge alone, and 27 of them were incarcerated.
The president pardoned the vast majority of the convicted rioters of all wrongdoing in a sweeping manner, with an apparent lack of knowledge of or care for the crimes he was excusing and without expressing any remorse for the pivotal role he played on that day.
·readtangle.com·
President Trump's first days in office.
Trump withdraws from the Paris Agreement and WHO.
Trump withdraws from the Paris Agreement and WHO.
While Trump can justify his decisions based on some of the recent failures of the WHO and the Paris Agreement, the withdrawals still carry significant risks for public health and climate change mitigation, which the Trump administration has not shown a plan to address.
Withdrawing from the Paris Agreement won’t affect our climate change outlook much, but it is a missed opportunity to redirect U.S. climate policy toward a more realistic objective. The treaty’s goal of keeping global surface temperatures to roughly 1.5°C (2.7°F) above pre-industrial levels is now practically unattainable after record-hot years in 2023 and 2024, and its secondary 2°C goal also appears to be in peril — a 2024 UN Environment Programme report stated that “emissions must fall 28 per cent by 2030 and 37 per cent from 2019 levels by 2035” to maintain the 2°C goal. Achieving those reductions would undoubtedly require massive, destabilizing changes to economic systems, which are neither desirable nor plausible. However, that provides more justification for the United States to stay in, not to drop out of, the agreement. In his executive order announcing the withdrawal from the Paris accords, Trump even said the U.S. must play “a leadership role in global efforts to protect the environment” — but how can we lead from the sidelines? Withdrawing is a huge missed opportunity to direct international climate policy towards its biggest problems: China’s rise and finding alternative fuel sources.
Domestically, Trump is also missing a large opportunity to combine a center-right "all of the above" energy policy with a center-left "abundance agenda," one that maintains a seat at the table for petroleum and natural gas while we continue to invest in renewable technologies. Nuclear energy should also be part of this effort, and its adoption is squarely in line with both the Trump administration and Paris Agreement’s goals.
The WHO does critical work tracking new disease outbreaks and identifying emerging pathogens, and the U.S. withdrawal threatens its ability to aid this work and maintain the benefits we all receive from it.
Furthermore, our status as a global health leader within WHO is smart diplomacy and advances our national security interests. We can guide ongoing efforts to eradicate polio, protect children from diseases, and mitigate future outbreaks. We also receive benefits, like communications on transnational spread of dangerous viruses, scientific collaboration for each year’s seasonal flu vaccine, and access to information about emerging threats. Lastly, we can investigate global threats, as we did when U.S. scientists joined the WHO delegation that visited China in February 2020 to assess its Covid response.
Both Trump and public health experts have rightly criticized the effusive praise the WHO heaped on China in the early days of the pandemic, even as questions swirled about how the virus spread. In a critical moment for its mission, the WHO seemed more occupied with keeping China happy than fulfilling its obligations to the rest of the world. The organization also failed to acknowledge that Covid was airborne early on, providing more evidence that it was ill-prepared to meet the moment.
Trump is right that the U.S. contributes a disproportionate amount to the WHO compared to China (even though he has exaggerated the magnitude of that difference), and we should push for fairer standards. While it is now starting to diversify its revenue sources, the organization’s reliance on the U.S. is evident in the measures it has already taken since Trump announced the withdrawal order — freezing recruitment and drastically scaling back its travel budget.
With all these issues in mind, leaving the WHO is still not the answer; in fact, leaving will make our problems worse. In our absence, China would likely seek to step up to mold decisions to its will — how does that help the U.S.? If Trump wants to play tough with the WHO, why not stay involved but slash our funding commitments?
·readtangle.com·
Trump withdraws from the Paris Agreement and WHO.
Trump’s new economic war
Trump’s new economic war
Saudi Arabia and other producers must cut oil prices, global central banks “immediately” needed to slash interest rates, and foreign companies must ramp up investments in US factories or face tariffs. The EU — which came in for particular opprobrium — must stop hitting big American technology companies with competition fines.
Trump’s demands came amid a frenetic first week in office in which the president launched a blitzkrieg of executive orders and announcements intended not just to reshape the state but also assert America’s economic and commercial supremacy. Tariffs of up to 25 per cent could be slapped on Canada and Mexico as early as February 1, riding roughshod over the trade deal Trump himself negotiated in his first term.  China could face levies of up to 100 per cent if Beijing failed to agree on a deal to sell at least 50 per cent of the TikTok app to a US company, while the EU was told to purchase more American oil if it wanted to avoid tariffs. Underscoring the new American unilateralism, Trump pulled the US out of the World Health Organization, as well as exiting the Paris climate accord for a second time.
This proposal throws a “hand grenade” at international tax policymaking, says Niels Johannesen, director of the Oxford university Centre for Business Taxation at Saïd Business School. The move suggests a determination to “shape other countries’ tax policy through coercion rather than through co-operation”, he adds.
“Those around Trump have had time to build up a systematic, methodological approach for protectionist trade policy and it shows,” says former UK trade department official Allie Renison, now at consultancy SEC Newgate. The approach will be to build up a case file of “evidence” against countries, she says, and then use it to extract concessions in areas of both economic and foreign policy.
The question remains how far Trump is willing to go. The danger of trampling on the rules-based order, says Jeromin Zettelmeyer, head of the Bruegel think-tank, is a complete breakdown in the diplomatic and legal channels for settling international disputes. If Trump were to pull out of a wider range of international frameworks, such as the WTO or the IMF, he warns, then the arrangements that help govern the global economy could get “substantively destroyed”.
Some caution against being awestruck by Trump’s threats or his espousal of capitalism without limits, because his agenda was so incoherent. “What we are seeing is huge doses of American hubris,” says Arancha González, dean of the Paris School of International Affairs at Sciences Po. “We are blinded by the intensity of all the issues put on the table and by Trump’s conviction. But we are not looking at the contradictions. It’s like we are all on an orange drug
·archive.is·
Trump’s new economic war
MANAGING FINANCIAL INSTABILITY IN 2025
MANAGING FINANCIAL INSTABILITY IN 2025

Managing Financial Instability Risks in 2025

Summary

  • The analysis positions itself as a warning about economic warfare, not financial advice
  • Key threats identified:

    • Alleged Russian influence over key US political figures including Trump and Musk
    • Strategic goal to dismantle US through internal turmoil and financial destabilization
    • Bitcoin characterized as an economic weapon in a zero-sum game
    • Christian Nationalist alignment with plans to destroy dollar/Fed system
  • Immediate financial risks for 2025:

    • Potential government shutdown due to no budget passage
    • Proposed $2 trillion budget cuts by Musk
    • US debt default risk as leverage for cuts
    • Strategic Bitcoin Reserve proposal threatening dollar stability
  • Critical timeline identified:

    • January 2 2025: Government runs out of money
    • January 3: New Congress installation
    • January 20: Treasury transition period
    • May 2025: Potential default date ("X-Date")
  • Recommended defensive measures:

    • Diversify holdings across bonds, real estate, gold/silver ETFs
    • Avoid Bitcoin/crypto investments
    • Contact representatives to oppose extreme measures
  • Additional considerations:

    • Moving to another country unlikely to help financially
    • Social Security potentially at risk
    • Banking system likely to hold but spreading funds recommended
    • Resolution depends on mainstream Republicans recognizing and countering these threats
  • Document context:

    • Living document subject to updates
    • Written by Dave Troy, presented as analysis of warfare operations
    • Includes extensive bibliography and related articles
    • Last updated November 16, 2024
·docs.google.com·
MANAGING FINANCIAL INSTABILITY IN 2025