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James Macdonald

@jmacd.bsky.social

Historian. Author of When Globalization Fails: The Rise and Fall of Pax Americanan, and of A Free Nation Deep in Debt: The Financial Roots of Demcracy.

366 Followers  |  403 Following  |  29 Posts  |  Joined: 03.10.2023  |  1.916

Latest posts by jmacd.bsky.social on Bluesky

I could be proven wrong within days or even hours, but I think this is a decision Trump is constitutionally unable to make.

On one hand, he would demonstrate power, which he confuses with strength.

On the other, he would face potentially disastrous consequences of which he is terrified.

18.06.2025 07:21 β€” πŸ‘ 125    πŸ” 22    πŸ’¬ 13    πŸ“Œ 8
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The key chart right now:

Usually US economic pain is cushioned by falling bond yields and a strengthening dollar, which mean lower interest rates and more spending power for consumers.

This time we’re seeing the opposite, meaning the pain will be amplified.

22.04.2025 13:41 β€” πŸ‘ 4708    πŸ” 1761    πŸ’¬ 112    πŸ“Œ 166

All right I got fed up and had to write this.

And I’m sure after reading it carefully, Trump will stop saying this

www.propublica.org/article/hist...

08.04.2025 15:24 β€” πŸ‘ 1276    πŸ” 264    πŸ’¬ 89    πŸ“Œ 18

In just two months, DOGE has β€”lostβ€” the government an estimated half a trillion dollars. I propose that Musk pay it back personally.

07.04.2025 01:24 β€” πŸ‘ 8622    πŸ” 2948    πŸ’¬ 158    πŸ“Œ 86

Talked to a business friend deeply involved in CEO world, knows Trump and Scott Bessent. Calls Trump β€œa drunk driver taking the economy off the cliff into a needless recession,’ says Bessent told him he agrees. Predicts β€œhe’ll be the shortest tenured Sec of Treasury in history.”

05.04.2025 12:05 β€” πŸ‘ 866    πŸ” 164    πŸ’¬ 70    πŸ“Œ 14
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America’s main negotiator with Russia appears to be completely captured by Russian propaganda. Witkoff: β€œthere have been referendums where the overwhelming majority of the people have indicated … they want to be under Russian rule.” www.pravda.com.ua/eng/news/202... www.pravda.com.ua/eng/news/202...

22.03.2025 08:04 β€” πŸ‘ 1802    πŸ” 526    πŸ’¬ 138    πŸ“Œ 67
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The Russians must be dumbstruck they their opponents have managed to find perhaps the most gullible man on the planet. Putin β€œtold me a story, Tucker, about how when the president was shot, he went to his local church and met with his priest and prayed.” www.pravda.com.ua/eng/news/202...

22.03.2025 08:06 β€” πŸ‘ 442    πŸ” 84    πŸ’¬ 24    πŸ“Œ 14
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"We wanted to see Hayes electrical substation which is famous not just in Europe, but in the whole world"

21.03.2025 09:27 β€” πŸ‘ 1193    πŸ” 331    πŸ’¬ 26    πŸ“Œ 19
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British arms industry blocked from €150bn EU defence fund The money must be spent on weapons from EU-based defence companies, ruling out suppliers in the UK, Turkey and the US

Because of Brexit, the U.K. is blocked from the €150bn EU defence fund.

Leaving the Single Market will go down in history as the greatest act of British self harm this century.

www.thetimes.com/article/baae...

19.03.2025 22:10 β€” πŸ‘ 335    πŸ” 119    πŸ’¬ 24    πŸ“Œ 9

Don't speak too soon.

18.03.2025 11:50 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Peace for our time? A warning from history, courtesy of The Times, on how NOT to deal with tyrants who want to annex the country next door.

I'm a great fan of @pkellner.bsky.social and his substack, which I recommend to you all. His piece today is interesting, reproducing the Times editorial following Chamberlain's trip to Munich. kellnerp.substack.com/p/peace-for-... 1/5

17.03.2025 08:25 β€” πŸ‘ 52    πŸ” 26    πŸ’¬ 6    πŸ“Œ 5

The discourse JD Vance uses towards Germany, Ukraine and Europe is a deliberate ideological othering that is a step towards declaring Europeans as the supposed civilisational enemies of the United States

16.03.2025 09:14 β€” πŸ‘ 691    πŸ” 221    πŸ’¬ 58    πŸ“Œ 17
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SitRep - 13/03/25 - Russia doesn't like a ceasefire on these terms.

An overview of the daily events in Russia's invasion of Ukraine. Putin said that a ceasefire would only be accepted if Ukraine stops mobilization, training, and re-armament.

REPOST=appreciated

1/X

13.03.2025 21:03 β€” πŸ‘ 302    πŸ” 79    πŸ’¬ 8    πŸ“Œ 4
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A rare map of the Technate of America drawn by the Technocracy, Inc., 1940 (or the Technocracy movement), which Elon Musk's Canadian maternal grandfather was a member of until he was arrested when the organisation was proscribed in 1943.

13.03.2025 17:16 β€” πŸ‘ 273    πŸ” 108    πŸ’¬ 17    πŸ“Œ 35

Another problem is that subscriptions limit the audience. 30-50,000 subscribers may make a writer very rich, but it is a tiny silo compared to the reach of podcasters or Twitter/X accounts with hundreds of thousands or millions of followers.

11.03.2025 12:10 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Inside Russia’s shadow war in the Baltics A series of suspected sabotage incidents has exposed the vulnerability of Europe’s undersea infrastructure

Inside Russia's shadow war in the Baltic Sea - a series of suspected sabotage incidents has exposed the vulnerability of Europe’s undersea infrastructure
ig.ft.com/baltic-sea/

10.03.2025 09:22 β€” πŸ‘ 92    πŸ” 49    πŸ’¬ 4    πŸ“Œ 5
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After Elon Musk has been insinuating to turn off Starlink in Ukraine, Polandβ€˜s Foreign Minister Radoslaw Sikorski is reminding Musk that Poland is paying for it, and he is making clear that if Musk follows through that Poland will abandon Starlink altogether for being an unreliable service.

09.03.2025 12:52 β€” πŸ‘ 5238    πŸ” 1266    πŸ’¬ 157    πŸ“Œ 87

Some of us have been saying this since 2020 and even before: Dems should make corruption *the* central issue in US politics and public life and go on the offensive against GOP/MAGA/Trump transparent and hypocritical corruption and grifting. Most voters hate corruption.

08.03.2025 14:24 β€” πŸ‘ 9655    πŸ” 1780    πŸ’¬ 546    πŸ“Œ 141

Some thoughts on the European response to the chaos now emanating from the White House - on Ukraine and more broadly, based on chats with senior European policymakers directly or indirectly involved in formulating the bloc's response 1/

07.03.2025 07:36 β€” πŸ‘ 923    πŸ” 385    πŸ’¬ 34    πŸ“Œ 90
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Trump Is Offering Putin Another Munich Hitler didn’t want a peace deal, and neither does Putin.

"Let’s start with security guarantees. Putin has never agreed to them for Ukraineβ€”in any form"

Read Bob Kagan on the Trump capitulation to Russia
www.theatlantic.com/internationa...

08.03.2025 12:21 β€” πŸ‘ 2956    πŸ” 1119    πŸ’¬ 111    πŸ“Œ 54
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Tadaa.

07.03.2025 23:03 β€” πŸ‘ 32658    πŸ” 13762    πŸ’¬ 1441    πŸ“Œ 908
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lol, from UK satirical magazine Private Eye

07.03.2025 21:12 β€” πŸ‘ 27296    πŸ” 5843    πŸ’¬ 460    πŸ“Œ 177

This what makes Vance so pernicious. He would have Europe fall into the hands of nationalist, anti-EU parties that are more likely to start fighting each other than cooperate to defend Europe.

07.03.2025 21:42 β€” πŸ‘ 3    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0

I imagine in your darkest dreams a rearmed Germany falling into the hands of the AfD, which thinks the country should no longer feel guilty for WWII, facing a rearmed Poland under the PIS arguing for reparations.

07.03.2025 21:09 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0

I am delighted that the UK is becoming closer to the EU and that the Brexit fever is somewhat abating. However, my biggest fear of all is that the lesson of Trump is that in the long run there is nothing you can truly rely on.

07.03.2025 21:03 β€” πŸ‘ 5    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0
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NEW: The actions of Trump and Vance in recent weeks highlight something under-appreciated.

The American right is now ideologically closer to countries like Russia, Turkey and in some senses China, than to the rest of the west (even the conservative west).

My column: www.ft.com/content/3046...

07.03.2025 09:58 β€” πŸ‘ 3978    πŸ” 1807    πŸ’¬ 130    πŸ“Œ 227

If Trump can secure a source of revenue (tariffs) that doesn't need Congressional approval, & can spend the proceeds without Congressional permission, he'll have done what Charles I failed to do in the C17th.

Trump wants to govern as an elective monarch. The GOP in Congress must decide if it cares.

06.03.2025 08:40 β€” πŸ‘ 192    πŸ” 89    πŸ’¬ 18    πŸ“Œ 4

@privateeyenews.bsky.social on top form as usual this issue.

05.03.2025 19:10 β€” πŸ‘ 7844    πŸ” 1818    πŸ’¬ 116    πŸ“Œ 45
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Tesla not allowed πŸ€­πŸ€—

05.03.2025 20:39 β€” πŸ‘ 393    πŸ” 56    πŸ’¬ 14    πŸ“Œ 0

@jmacd is following 19 prominent accounts