What Happens if the U.S. Defaults?
Briefly

What Happens if the U.S. Defaults?
"Last year, the Trump Organization licensed a Florida company to sell a Trump-branded mobile phone. The promised phone would be encased in gold and carry an American flag on the back. The sellers advertised that the phone would be proudly made in the United States of America, a patriotic alternative to Apple phones and Samsung phones. Some 590,000 [President] Trump believers are reported to have paid $100 each to secure their Trump phones, according to the International Business Times."
"Things rapidly went wrong. The phone delivery date was pushed back and pushed back and pushed back again, from the original late summer 2025 to December 2025, then to 2026. The "Made in U.S.A." commitment vanished from company promotional materials. One reporter from 404 Media noticed recurring charges from the company on his credit-card statements."
"In April 2026, the Trump phone company updated its terms and conditions: The $100 deposit was now redefined as "
"David explains how this is yet another instance of the most powerful sowing doubt about the fairness of American business and destroying confidence in the ideals of American enterprise."
A Trump Organization licensed a Florida company to sell Trump-branded mobile phones marketed as gold-encased, American-flag designs proudly made in the United States. Buyers paid $100 deposits, but delivery dates were repeatedly delayed and the “Made in U.S.A.” claim disappeared from promotional materials. A reporter noticed recurring charges on his credit-card statements. The company later updated terms and conditions, redefining the $100 deposit, raising concerns about transparency and reliability. The conversation then turns to Lloyd Blankfein’s memoir, Streetwise, and broader questions about the American economy, including expanding debt, public faith in economic prospects, and challenges ahead.
Read at The Atlantic
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