{"id":32203,"date":"2026-09-10T09:06:49","date_gmt":"2026-09-10T07:06:49","guid":{"rendered":"https:\/\/michelsanti.fr\/?p=32203"},"modified":"2026-09-10T09:06:49","modified_gmt":"2026-09-10T07:06:49","slug":"trump-5000-2","status":"publish","type":"post","link":"https:\/\/michelsanti.fr\/en\/hyperinflation-2\/trump-5000-2","title":{"rendered":"Dead Tired"},"content":{"rendered":"

\"\"<\/p>\n

Trump is now promising $5,000 to every American adult if the Republicans win the November elections. An injection of more than $1 trillion into consumption would obviously be inflationary, at the very moment when he is demanding that his central bank cut its rates \u2014 failing which he would interrupt all trade with countries running a trade surplus vis-\u00e0-vis the United States.<\/p>\n

The paradox is reminiscent of Erdogan, who maintained in Turkey an activist policy of artificially low interest rates that contributed to sending inflation soaring to 70% in 2022 (35% today). Meanwhile, the lira has gone, over 20 years, from 1.5 to 50 per $1.<\/p>\n

At the same time, the Treasury is manipulating the markets by progressively converting U.S. sovereign debt into 3-month Treasury bills: because it is becoming too expensive for the United States of America to finance itself over the long term at 5%. An authentic flight into the unknown as it postpones the problem instead of solving it and makes this country, indebted to the tune of $40 trillion, entirely dependent on market fluctuations.<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Trump is now promising $5,000 to every American adult if the Republicans win the November elections. An injection of more than $1 trillion into consumption would obviously be inflationary, at the very moment when he is demanding that his central bank cut its rates \u2014 failing which he would interrupt all trade with countries running…<\/p>\n","protected":false},"author":4,"featured_media":32212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_exactmetrics_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"mc4wp_mailchimp_campaign":[],"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[648941908,648941262],"tags":[],"class_list":["post-32203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hyperinflation-2","category-united-states"],"yoast_head":"\nDead Tired - Michel Santi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/michelsanti.fr\/en\/hyperinflation-2\/trump-5000-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dead Tired - Michel Santi\" \/>\n<meta property=\"og:description\" content=\"Trump is now promising $5,000 to every American adult if the Republicans win the November elections. 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The weapon of customs tariffs will always be loaded and ready to be used, but rarely triggered. 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A traditional definition of a reserve currency is that the country issuing it must run\u2026","rel":"","context":"In "deficit"","block_context":{"text":"deficit","link":"https:\/\/michelsanti.fr\/en\/category\/deficit"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/05\/Mr.-Trump.jpg?fit=1200%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/05\/Mr.-Trump.jpg?fit=1200%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/05\/Mr.-Trump.jpg?fit=1200%2C600&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/05\/Mr.-Trump.jpg?fit=1200%2C600&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/05\/Mr.-Trump.jpg?fit=1200%2C600&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":32046,"url":"https:\/\/michelsanti.fr\/en\/public-debt\/fixed-rate-in-paris-adjustable-rate-in-washington","url_meta":{"origin":32203,"position":4},"title":"Fixed Rate in Paris, Adjustable Rate in Washington","author":"Michel Santi","date":"August 7, 2026","format":false,"excerpt":"\u00a0 A household rejects a fixed-rate loan as too expensive and opts for a variable rate instead. It immediately saves 1.2 percentage points\u2014provided interest rates do not rise. In many respects, that is precisely what the US government is doing. The numbers add up As of August 4, 2026, borrowing\u2026","rel":"","context":"In "Floating rate"","block_context":{"text":"Floating rate","link":"https:\/\/michelsanti.fr\/en\/category\/floating-rate"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2026\/08\/santi-eng.jpg?fit=1200%2C655&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2026\/08\/santi-eng.jpg?fit=1200%2C655&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2026\/08\/santi-eng.jpg?fit=1200%2C655&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2026\/08\/santi-eng.jpg?fit=1200%2C655&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2026\/08\/santi-eng.jpg?fit=1200%2C655&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":23116,"url":"https:\/\/michelsanti.fr\/en\/dollar-2\/americas-superpower","url_meta":{"origin":32203,"position":5},"title":"America’s superpower","author":"Michel Santi","date":"October 6, 2022","format":false,"excerpt":"\u00a0 The Dollar is becoming scarce, because the whole world wants and lacks it. This problem - recurring since the 1960s - of scarcity of the American currency constitutes an incredible headache for the countries indebted in this currency when the latter is brought to appreciate because their debts and\u2026","rel":"","context":"In "dollar"","block_context":{"text":"dollar","link":"https:\/\/michelsanti.fr\/en\/category\/dollar-2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/10\/drapeau-USA.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"amp_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2026\/09\/t-bonds-1.png?fit=844%2C545&ssl=1","_links":{"self":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/32203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/comments?post=32203"}],"version-history":[{"count":3,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/32203\/revisions"}],"predecessor-version":[{"id":32215,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/32203\/revisions\/32215"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media\/32212"}],"wp:attachment":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media?parent=32203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/categories?post=32203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/tags?post=32203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}