Rebel Capitalist News Trump Announces New AUTO TARIFFS, CBO Warns Of Debt Bomb, GME Joins Michael Saylor
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Mar 27, 2025 New auto tariffs are on the horizon, bringing potential price hikes for consumers and manufacturers alike. The Congressional Budget Office issues a stark warning about a looming fiscal crisis. GameStop's intriguing move into Bitcoin reveals a shift in corporate strategy with significant implications for the cryptocurrency market. The podcast also dives deep into the essence of wealth, discussing how it transcends mere currency and impacts our access to goods and services. Plus, there's buzz about an upcoming event featuring top-notch speakers!
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Debt Ceiling Nuances
- The U.S. Treasury can continue rolling over existing debt, so a "default" doesn't imply debt default.
- The real issue is the inability to issue new debt for expenses beyond maturing debt.
Treasury Auctions
- George Gammon challenges ZeroHedge's claim about the Treasury's inability to issue new debt, citing a recent auction.
- A five-year auction proves they're issuing new debt, but the total amount cannot increase.
Auto Tariff Impact
- Trump's 25% tariff on foreign cars will likely raise prices, benefiting U.S. automakers initially.
- However, this will enable American car makers to increase their prices too, ultimately negating the benefit for consumers.