UPDATE: Donald Trump Takes Office as the 47th US President



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It took 72 hours for the deal architecture to start unraveling. Not months. Not quarters. 72 hours.

India just postponed its trade delegation to Washington.
The trip was scheduled for February 23 to 25 to finalize the interim deal they negotiated at an 18% IEEPA rate that no longer exists. No new date has been set.

Their officials want to “assess the implications” of a ruling that made the rate they spent months negotiating legally meaningless.

The European Parliament’s trade chief Bernd Lange is proposing to freeze ratification of the Turnberry Agreement entirely. The deal that exchanged a 15% IEEPA tariff ceiling for $750 billion in EU procurement commitments. He called the situation “pure customs chaos.” This is the second freeze. The first was over Greenland. An emergency meeting is scheduled for Monday.

Japan’s ruling party tax chief Itsunori Onodera used three words that will echo through every trade ministry on earth. “A real mess.” Japan committed $550 billion. They are publicly signaling they will maintain their investment pledges. Read that carefully. They are signaling. Not confirming. When a country with Japan’s diplomatic precision chooses to signal rather than confirm, the internal discussion is far worse than the public statement.

Australia’s Trade Minister Don Farrell called the 15% tariff “unjustified” and said his government will “examine all options.” In diplomatic language, “all options” includes WTO dispute proceedings. Australia has never been shy about challenging American trade actions through formal mechanisms.

This is exactly what I wrote would happen in The Six Clocks. Section 122 cannot discriminate by country.

Every nation that negotiated a specific IEEPA rate in exchange for hundreds of billions in commitments now receives the same 15% as countries that offered nothing. The bilateral deal architecture is not under pressure. It is structurally inoperable.

Meanwhile two carrier strike groups are converging on the Arabian Sea. Trump issued a 10 to 15 day ultimatum to Iran on February 19. The implied deadline window opens around February 28. BloombergNEF projects Brent averaging $91 a barrel if Iranian exports are fully removed.

Oxford Economics models $130 under a Strait of Hormuz disruption. The Iran secondary tariff, the 25% penalty on countries buying Iranian oil, was imposed under IEEPA authority the Supreme Court just invalidated.

The non-military pressure tool is legally severed at the exact moment the military option accelerates.

The consensus says the SCOTUS ruling was priced in. India, Europe, Japan, and Australia just told you it was not. The bilateral commitments were worth over $2 trillion.

They were anchored to legal authority that died on Friday morning. The partners are doing their math. The only people not doing the math are the ones who think a 0.69% rally means the crisis is over.

The clocks are running. Four countries just confirmed they heard them.

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HUGE: The $TRUMP and $MELANIA memecoin carnage is even worse than we thought.

A new report from CryptoRank reveals retail investors have lost a staggering $4.3 BILLION as these assets collapsed 90%+ from their highs.

The math is disgusting:

=> Retail: -$4.3 Billion (2M+ wallets underwater)

=> Insiders: +$600 Million cashed out

=> Ratio: For every $1 insiders made, ordinary people lost $20.

The "official" seal of approval was the ultimate liquidity trap. Be careful out there.
 

There are people who claim that Black Americans had about $ trillion worth of wealth taken throughout this moment in time. This president is out to take everything that was stolen from Black people for himself. He's all the Jewish characters in The Wire. The weak judge, the assistant D.A, the defendant’s lawyer, and the real estate developer. This man isn't Robin Hood. He's just a low-down thief like Denzel.
 
I'm sure we saw this when it was Beto vs Cruz

the early enthuasim by the democrats was beaten in the end

people need to stop counting on texas until it actually happens.

they are the same people in uvalde that voted for the same government that killed their kids
I think this is as good an environment for Dems in Tx as we're oing to get. But I agree, we can't count on it until it happens.

Also, early voting numbers can be skewed because Republicans keep telling their voters anything besides voting on election day is fraud (idiots lol)

But the number are encouraging.
 
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