Do I remember correctly that trump was elected mainly on improving economy?
O’Doyle rules!
$2T so far
“…and right here is where I’m going to manufacture the worst economic crash since the literal Plague.”
Plague massively increased economic situation of peasants in western Europe.
Only in the long run. A lot of them died and suffered horribly first.
Of course, first things need to hit rock bottom for regular people to demand fair treatment.
Looks like he’s working towards a fire sale.
To Putin
It all makes sense when you look at it from the perspective that he’s doing all this at the direction of Putin to destroy American hegemony in the world.
As bad as the world thinks it’s been under Ametican leadership, its better than letting Russia or China run the show.
Putin ordered 0 tariffs for Russia. So sus.
Not the first time. Back in 2016, when he was first elected, it was quickly determined that Russia had onterfered with our election, and Congress voted to impose sanctions on Russia. When it came time to order the Congressionally-mandated sanctions, HitlerPig ignored it, saying the Russia wouldn’t do it again.
As bad as this is, it can still get a lot worse. The market seems to be pricing in a high probability that Trump will reverse course. If the tariffs stay on for at least a few months, there will certainly be a recession, probably a depression, and possibly social unrest that will take decades to fully recover from.
When things really crash is when the rich will decide to pay their cash and start buying up shit, and then we will think the economy recovered but really all that happened is another wealth redistribution in the wrong direction
Maybe but it could crash anyways. JP Morgan tried to stabilize the stock market in 1929 by buying up stocks, but it collapsed anyways and led to the Great Depression.
As an impoverished no body with nothing to lose in this country, I’ve just been laughing my ass off.
This is bad for us too. A cratering stock market slows down hiring which depresses wages and makes it harder to find work.
Yeah, it’s absolutely fucked. My laughter comes from a place of being glad that some faces got ripped to shreds by leopards and then also because it’s the only thing to keep my mind from totally fizzing out from this mountainous heap of daily shit we’re subjected to. And then the rest of the world is getting dragged into it so fuck. Just fuck.
Heya you are correct that the rest of the world is being dragged into it. The tarrifs for us (Australia) have a little sver lining though, our meat will be cheaper if what we exported to the US stays here and no alternative market is found so I am happy about that. The farmers will feel it but us Aussies are always happy to help bail the farmers out tbh, could be a good opportunity for us to create something similar to USAID and send some food where its needed. Who knows really, but its an opportunity for everyone except the US. So thanks for making every other nation (that was trading with the US) great again.
Hell yeah, I think the power the US has had over the world has been abhorrent and just straight up imperialism in the modern world. This shit storm has been very fucked up to witness and attempt to fight but I’m really happy to see how several countries have responded to counter it and even empower themselves more and do a lot of good from it. So many fucking Americans have no remote clue how easy we have had it and I fucking hate them for bringing this shit to the world but at least they’ll be getting a reality check that they probably won’t process anyway but fuck it. And the US needs to stop having such a disgusting amount of power. I’m glad there’s some positives out of it, most of this shit hasn’t surprised me but the tariffs against Australia really took me by surprise honestly. Hope things work out for you all for the best
Who knew that Tarriffs, a historically bad idea when used broadly and heavily, would be bad for an economy propped up by massive consumer debt and a stock market existing solely on speculation/over valuation?
…and cancelling 500k work visas just few days ago, that should hit the economy too
And everyone being deported as well. Even most of the illegals paid into the economy. Now we’re taking that away and spending who knows what to create chaos.
But all the government institutions are being dismantled, so why have taxes at all?
Need to pave a road to your house? Pay it yourself! Need to drive on a road you haven’t paid for? Pay the toll to the owner.
Libertarian police
I was shooting heroin and reading “The Fountainhead” in the front seat of my privately owned police cruiser when a call came in. I put a quarter in the radio to activate it. It was the chief.
“Bad news, detective. We got a situation.”
“What? Is the mayor trying to ban trans fats again?”
“Worse. Somebody just stole four hundred and forty-seven million dollars’ worth of bitcoins.”
The heroin needle practically fell out of my arm. “What kind of monster would do something like that? Bitcoins are the ultimate currency: virtual, anonymous, stateless. They represent true economic freedom, not subject to arbitrary manipulation by any government. Do we have any leads?”
“Not yet. But mark my words: we’re going to figure out who did this and we’re going to take them down … provided someone pays us a fair market rate to do so.”
“Easy, chief,” I said. “Any rate the market offers is, by definition, fair.”
He laughed. “That’s why you’re the best I got, Lisowski. Now you get out there and find those bitcoins.”
“Don’t worry,” I said. “I’m on it.”
I put a quarter in the siren. Ten minutes later, I was on the scene. It was a normal office building, strangled on all sides by public sidewalks. I hopped over them and went inside.
“Home Depot™ Presents the Police!®” I said, flashing my badge and my gun and a small picture of Ron Paul. “Nobody move unless you want to!” They didn’t.
“Now, which one of you punks is going to pay me to investigate this crime?” No one spoke up.
“Come on,” I said. “Don’t you all understand that the protection of private property is the foundation of all personal liberty?”
It didn’t seem like they did.
“Seriously, guys. Without a strong economic motivator, I’m just going to stand here and not solve this case. Cash is fine, but I prefer being paid in gold bullion or autographed Penn Jillette posters.”
Nothing. These people were stonewalling me. It almost seemed like they didn’t care that a fortune in computer money invented to buy drugs was missing.
I figured I could wait them out. I lit several cigarettes indoors. A pregnant lady coughed, and I told her that secondhand smoke is a myth. Just then, a man in glasses made a break for it.
“Subway™ Eat Fresh and Freeze, Scumbag!®” I yelled.
Too late. He was already out the front door. I went after him.
“Stop right there!” I yelled as I ran. He was faster than me because I always try to avoid stepping on public sidewalks. Our country needs a private-sidewalk voucher system, but, thanks to the incestuous interplay between our corrupt federal government and the public-sidewalk lobby, it will never happen.
I was losing him. “Listen, I’ll pay you to stop!” I yelled. “What would you consider an appropriate price point for stopping? I’ll offer you a thirteenth of an ounce of gold and a gently worn ‘Bob Barr ‘08’ extra-large long-sleeved men’s T-shirt!”
He turned. In his hand was a revolver that the Constitution said he had every right to own. He fired at me and missed. I pulled my own gun, put a quarter in it, and fired back. The bullet lodged in a U.S.P.S. mailbox less than a foot from his head. I shot the mailbox again, on purpose.
“All right, all right!” the man yelled, throwing down his weapon. “I give up, cop! I confess: I took the bitcoins.”
“Why’d you do it?” I asked, as I slapped a pair of Oikos™ Greek Yogurt Presents Handcuffs® on the guy.
“Because I was afraid.”
“Afraid?”
“Afraid of an economic future free from the pernicious meddling of central bankers,” he said. “I’m a central banker.”
I wanted to coldcock the guy. Years ago, a central banker killed my partner. Instead, I shook my head.
“Let this be a message to all your central-banker friends out on the street,” I said. “No matter how many bitcoins you steal, you’ll never take away the dream of an open society based on the principles of personal and economic freedom.”
He nodded, because he knew I was right. Then he swiped his credit card to pay me.
Let’s cancel student loans too, that will own the libs!
It was worth a shot.
If the economy crashes, people won’t be able to pay their loans, which I sincerely hope will fuck up a billionaire or two.
No the government will bail them out with unlimited funds while we all lose our homes, jobs, healthcare and food security
I’m so glad that as a millennial I get to live through so many different historic times…/s
Time to recycle some things…
Better quality version (I think)
You know what I find funny. The US fucking whinges about China nearly all the time. Yet they seek to become Insular and Autarkic. They make the same mistake the Qing Dynasty did.
Edit Addendum: The Qing dynasty, is often seen as prizing its material abundance and cultural legacy so highly that it sometimes failed to adapt to new challenges and technological advancements. This narrow focus is often cited as one of the factors that contributed to their eventual decline.
Equating the greatness or state of the nation with it’s wealth.
We’re gonna get a shit ton of austerity here and then future children will learn about the Trump tariffs in school.
I just find it a little ironic that the genius voters that ushered in Reagan and neo-liberalism are the same voters that support Trump and his destruction of said neo-liberalism.
As foretold by the prophetical Team American: World Police
Valuation not value
A couple of Trillion dollars here, a couple of Trillion dollars there. Pretty soon it will add up to real money.
“I’ll just put that with the other fire”
The Powers That Be aren’t going to tolerate this for very long.
Trump is fucking with their money.
Nope. This is more like The Oligarchs Who Came to Regret Supporting Hitler or, in The Dark Knight Rises, the billionaire who finds that funding Bane’s rise to power doesn’t actually give him any power, or another business dude learning that working with Bane doesn’t even save him from the movement itself.
The billionaires thought they could buy influence and just get the things they want, while stopping Trump from getting what he wants. For whatever reason, Trump is a true believer in tariffs, so that’s what giving him power will result in.
Nah. Rich people profit from recessions and other crisis. They have enough money to buy everything and then are even richer afterwards.
That is why everyone lets Trump do whatever he likes.
See, that’s what you don’t understand.
They can never get enough. It’s a competition with their peers.
Like a children’s game.
I understand that perfectly, they like the crisis situation because they hope to acquire more, and maybe even loose a couple of aspirant mill- or billionaires on the way.
They do see it as a game, and thus big disruptions create great new chances for them to gain even more.
They have enough money
Their money is in shares and bonds, not cash.
