😵‍💫 Trump, tariffs and total chaos: Are we there yet for 25th amendment?

🇺🇸 Trump, tariffs and total chaos: Are we there yet 25th amendment?

Markets are bleeding, gold is soaring, and the President of the United States wants to buy Greenland: “one way or the other.”

The year of the Trump has brought the political and financial world to full meltdown mode this week in a sequence of events triggered by the president himself.

A surge of 25th Amendment calls, a Supreme Court refusal on tariffs, a bombshell from the Justice Department about Elon Musk’s DOGE project and the worst day for US stocks since October. At the same time, Bitcoin slipped below $87K and gold is shooting for $5K.

Let’s unpack the mess:

Trump’s greenland obsession prompts 25th amendment talk

A political firestorm erupted when President Trump reportedly texted the Norwegian Prime Minister, claiming the US was 'wrongly denied' a Nobel Peace Prize, over his mission to snap up Greenland. Then came the kicker: Trump informed the media that America would take Greenland “one way or the other”, ruling out nothing not even military force.

Democratic representatives like Senator Ed Markey and Rep. Yassamin Ansari were quick to seek recourse within the 25th Amendment, which pertains to the president’s “mental unfitness” and the “risk to all American lives.”

Dr. Jonathan Reiner (the former Dick Cheney cardiologist) even demanded a bipartisan inquiry into presidential fitness, citing concerns over Trump’s self-medication and cognitive health.

Supreme court delays tariff ruling, markets go crazy

As Trump has said he will impose 10-25% tariffs on Denmark, Norway, France, Germany and his other NATO allies until Greenland is ceded to the United States, so too has SCOTUS tabled its long-awaited decision about whether the President even has legal authority to impose these tariffs under the IEEPA emergency powers statute.

The delay would take legal clarity well into February at the earliest, and uncertainty is now getting priced in. Polymarket odds imply only a 31% chance that the Court chooses Trump’s side.

Legal experts say that if the ruling goes against him, refunds for more than $130 billion in tariffs could be up for grabs including those imposed on critical mineral imports and that the administration’s future tariffs could be declared illegal.

DOJ drops hammer: Musk DOGE team fumbled with social security data

The Department of Justice unleashed an odd subplot in which Elon Musk’s “DOGE” team sent to detect fraud, initially, stored private Social Security data on unapproved third-party servers it wasn’t supposed to and may have violated a slew of federal laws.

The complaint was filed after team members also signed a voter data agreement with political group involved in post-election disputes, and shared sensitive files (including one with info on 1,000 people) with Steve Davis, a top Musk adviser.

The DOJ was sending the message that this wasn’t a bug. It was systemic failure.

Markets react: Gold soars and Crypto takes the hit

• Investors fled for safety as the drama unfolded.

• Gold approaches the myth of $5K, Silver crossed $94/oz

• Bitcoin dropped below $87K, liquidating $360M of leveraged longs.

• The S&P 500 and Nasdaq recorded their sharpest daily declines since Oct. 10.

Futures ticked up a bit after-hours, but traders are still spooked.

This is the type of volatility traders anticipate during geopolitical turmoil, not from a sitting U.S. President attacking Denmark.

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