Alastair Crooke
Trump clearly is in the midst of an existential conflict. He has a landslide mandate. But is ringed by a resolute domestic enemy front in the form of an “industrial concern” infused with Deep State ideology, centred primarily on preserving U.S. global power (rather than on mending of the economy).
The key MAGA issue however is not foreign policy, but how to structurally re-balance an economic paradigm in danger of an extinction event. Trump has always been clear that this forms his primordial goal. His coalition of supporters are fixed on the need to revive America’s industrial base, so as to provide reasonably well-paid jobs to the MAGA corps.
Trump may for now have a mandate, but extreme danger lurks – not just the Deep State and the Israeli lobby. The Yellen debt bomb is the more existential threat. It threatens Trump’s support in Congress, because the bomb is set to explode shortly before the 2026 midterms. New tariff revenues, DOGE savings, and even the upcoming Gulf shake-down are all centred on getting some sort of fiscal order in place, so that $9 trillion plus of short-term debt – maturing imminently – can be rolled over to the longer term without resort to eye-watering interest rates. It is Yellen-Democrat’s little trip wire for the Trump agenda.
No comments:
Post a Comment