TRUMP

SCARBOROUGH Ed Luce though ░░░░░░░░ want to go back ░░░░░░░░ Mike Johnson saying Trust ░░░░░░░░ process 11 trillion of ░░░░░░░░ wiped clean That s ░░░░░░░░ just in New York ░░░░░░░░ or Los Angeles the ░░░░░░░░ coast That s also ░░░░░░░░ Louisiana That s in ░░░░░░░░ That s across red ░░░░░░░░ America The loss is ░░░░░░░░ significant We ll see ░░░░░░░░ hopefully a good rebound ░░░░░░░░ It looks like we ░░░░░░░░ have one But again ░░░░░░░░ idea that the speaker ░░░░░░░░ the House the third ░░░░░░░░ powerful person in America ░░░░░░░░ t has no better ░░░░░░░░ after 11 trillion of ░░░░░░░░ wiped clean than to ░░░░░░░░ Trust the process I ░░░░░░░░ been in the House ░░░░░░░░ leaves a lot of ░░░░░░░░ of the House not ░░░░░░░░ the speaker LUCE Yeah ░░░░░░░░ does I mean I ░░░░░░░░ that s Mike Johnson ░░░░░░░░ way of saying We ░░░░░░░░ no collaboration in this ░░░░░░░░ It s not just ░░░░░░░░ of Republicans in Congress ░░░░░░░░ leaders in Congress It ░░░░░░░░ true most of the ░░░░░░░░ seemingly of Trump s ░░░░░░░░ officials People like Scott ░░░░░░░░ of Treasury are clearly ░░░░░░░░ in the loop here ░░░░░░░░ find themselves floundering on ░░░░░░░░ trying to explain what ░░░░░░░░ has just done Look ░░░░░░░░ think the sort of ░░░░░░░░ problem here is is ░░░░░░░░ in the American system ░░░░░░░░ world has got used ░░░░░░░░ over history and over ░░░░░░░░ with America the very ░░░░░░░░ justly famous checks and ░░░░░░░░ that are built into ░░░░░░░░ American system What we ░░░░░░░░ happening now is essentially ░░░░░░░░ king or a Roman ░░░░░░░░ crooking his finger and ░░░░░░░░ market goes up 2 ░░░░░░░░ Uncrooking it it goes ░░░░░░░░ 2 trillion That kind ░░░░░░░░ power in one man ░░░░░░░░ an extraordinary situation that ░░░░░░░░ think is causing real ░░░░░░░░ We ve been amongst ░░░░░░░░ investors and you know ░░░░░░░░ know that huge share ░░░░░░░░ American debt of U ░░░░░░░░ Treasury debt is held ░░░░░░░░ foreign countries And yesterday ░░░░░░░░ started seeing 10 year ░░░░░░░░ bonds and 30 year ░░░░░░░░ bonds being sold off ░░░░░░░░ are the safe assets ░░░░░░░░ you fly to you ░░░░░░░░ in Covid in the ░░░░░░░░ meltdown Whenever there s ░░░░░░░░ panic you flee to ░░░░░░░░ bonds I think that ░░░░░░░░ s a reevaluation now ░░░░░░░░ on about how safe ░░░░░░░░ assets are And that ░░░░░░░░ because the foreign holders ░░░░░░░░ these assets are worried ░░░░░░░░ who s in charge ░░░░░░░░ the United States The ░░░░░░░░ doesn t know what ░░░░░░░░ s going to do ░░░░░░░░ His Treasury secretary doesn ░░░░░░░░ know what he s ░░░░░░░░ to do next This ░░░░░░░░ essentially a Roman emperor ░░░░░░░░ fun with this extraordinary ░░░░░░░░ over global asset markets ░░░░░░░░ s not a good ░░░░░░░░ and it s not ░░░░░░░░ very American thing.”