And in the end, Greenland buys the USA: Trump turns the USA into a gambling den

Merkur And in the end, Greenland buys the USA: Trump turns the USA into a gambling den Georg Anastasiadis • 8 hours • 2 minutes read Due to the back and forth on tariffs The whole world is fleeing the dollar: A bond market crash is forcing the US president to his knees. A commentary by Georg Anastasiadis. Washington D.C. – Wall Street has never seen such a gimmick: A short message from Donald Trump on his "Truth Social" platform was enough to catapult stock prices up by double digits on Wednesday (April 9). One can only guess who the president made rich with his tariff moratorium; a few gamblers from his clan, who received a tip in advance, were probably at the party. The smear campaign had already begun a few hours earlier with another tip from Trump that Wednesday was a great day to buy stocks. Background to Trump's tariff pause: Financial market situation forced US President to act Even if battered investors around the globe can hardly believe their unexpected luck, they shouldn't count their chickens before they hatch. The trade warrior in the White House isn't suddenly waving the dove of peace out of conviction, but rather because he's driven by the financial markets. His enthusiasm for tariffs has cooled, but not yet vanished. The sword of Damocles continues to hang over the markets. Trump is driving global investors to flee the dollar. This could prove costly for the US. Trump has already caused immeasurable damage to the US: He transformed Wall Street, the world's most important financial center, into a gambling den. Who will entrust their money to America in the future if they have to fear that a tweet from the erratic president could leave them penniless within minutes? Fearing Trump's tariff policy: Investors dump stocks and bonds Fearing his escapades, investors had previously dumped not only their stocks, but also, surprisingly, bonds. The flight from the suddenly unsafe dollar haven had driven up the interest rate the US has to pay on its debt from 4 to 4.5 percent and raised questions about how the US intends to service its immense debt in the future. In the event that a head of government goes berserk, there's a term in the financial industry called the "idiot risk premium." This is precisely what exploded recently. Until the panic spread to the idiot himself. The president gambled and lost: He hoped to finance his national deficit with the tariff revenue and believed that panicky stock sellers would park their money in US bonds, thus pushing down interest rates. But then everything changed. In Denmark, people are rubbing their hands together: A few more bad days on Wall Street, and Greenland will buy the US