*Trading partner tariff rate is calculated by the White House to include “currency manipulation and trade barriers.”
This needs to be way fucking bigger than a tiny light grey caption under the image, AP. “Trading partner tariff rate is pulled directly out of the administration’s collective rear end”
The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.
Its Russia in the 90s all over again. Must be a coincidence that the Russian mafia-turned-regime they’re so chummy with, got its foot in the door and secured its power through an almost identical move.
Im wondering if America will have its equivalent of the 1999 Apartment bombings.
…what were those
https://en.m.wikipedia.org/wiki/1999_Russian_apartment_bombings
Interesting read
False flag attack orchestrated by the FSB of. The orders of Putin when Putin was still officially Boris yeltsins second in command.
It was used to justify breaking the truce with thr chechen separatists. And start a new war.
It is often cited as the main incident that allowed Putin to seize power in Russia. Yeltsin was dreadfully unpopular. Putin made himself look strong by playing the role of the patriot who was going to flatten the terrorists for what they did.
It was all a scam. Everything Putin has ever done has always been a scam
Is anything happening tomorrow? Maybe a big protest?
No, that wasn’t the point.
There were 2 goals:
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Cut spending to 0 so they could cut taxes (cap gains to 0)
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Isolate the US from the rest of the world, this is what Putin cares about the absolute most. If we’re out of the way he sees Russia as unstoppable (which is stupid, they can’t beat any country with functioning tractors).
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Even the wealthy have to think about what is happening right now. To have their company’s value go to shit overnight isn’t winning him any fans.
I think a lot of them are ideological psychos. Saw an interview with Forbes magazine founder, and he’s giddy about these tariffs because he thinks they’ll enable tax cuts. I don’t think he cares if his shares tank or whatever, as long as he doesn’t have money “taken away” from him to help the poors.
A lot of people might decide to violently resist such an eventuality. Things can quickly go off the rails.
Remember that despite the rule of law no longer applying to the rich and powerful, the laws of physics continue to apply.
A lot of people might decide to violently resist such an eventuality
I don’t see a lot of evidence to suggest that’ll happen.
There’s always a tweet.
This is apparently a fake tweet. An archive of the actual tweet corresponding to that datetime is here.
Thanks, though correct grammar kind of gave it away already.
He says enough horrible stuff to not have to fake any of it
Looking at that archived Tweet, I forgot what it was like for Twitter responses to not be unhinged
I forgot what it was like to actually be able to see Twitter responses.
1500!!!
I was considering trying to cash out my 401k and ira in the US (I bought my first house and I think that’s one of the allowed cases), but hadn’t worked out the details yet. Guess that’s not happening right now. I no longer live in the US and will probably renounce citizenship once my parents go.
I looked at my other investments this morning based on this post and… Lol. Granted, I only one a handful, but it still hurts. My stock that was worth only like 40 cents moved up 5+% so yay for that, I guess.
To be fair, the market is roughly at where it was in September (pending further tanking). So, not a huge difference…yet.
Pretty much this. If you think “its going to get worse from here”, then why would you hold stocks?
Yes and the same last month, and the month before.
Do some paper trading when he does this. See how much money you could make if you buy who he is fucking just to turn it around the week after.
What happens to your 401k and IRA if you’ve moved abroad and renounce your citizenship? Will it ever be paid out?
Not an American so I honestly don’t know.
I don’t know either. I imagine it just lives on. I can’t put money in them now from Japan anyway (well, unless I want to pay some taxes in the US on top of what I pay here; no thanks). I can’t use Japan’s equivalent either since the US tax authorities will massacre you with paperwork and fines (PFICs). If social security still exists, I worked long enough in the US to get that and it doesn’t matter for that if I renounce.
If social security still exists, I worked long enough in the US to get that and it doesn’t matter for that if I renounce.
Well, hope they won’t change the rules around that if it does still exist by the time you retire. Though generally such things aren’t done retroactively I believe. Once you’ve earned it, you’ve earned it. Even if rules change for future folks. At least in sane countries, but of course we’re talking about the US…
These rules aren’t set by God. Earning it is pretty meaningless.
Rules set by god are just as flaky as any other. Moreso once you realize god doesn’t exist.
There is a totalization agreement with the japanese govt, so I could theoretically do something before renouncing, but I’ve never looked into it. I liked the idea of having both for diversity and safety
That wouldn’t effect legal agreements. if he’s still the owner of the accounts the are still enforced, at least when there was a functioning system in place to enforce contracts with in the US legal and banking systems.
Got my family out last year, I commute back and forth.
There is something really sick about watching this from overseas, like watching paramedics carry bodies out of a car crash.
But it was no fun when I was there.
Fucking morons shooting themselves in the balls to look tough.
I’ve only been twice in the last decade: once the year after I moved and summer 2022ish. It’s just crazy to watch. My family just offered to pay for us to fly out for vacation but I declined. My non-white wife that doesn’t really speek English + immigration now means we’re not going near the place.
Dow drops 1200… so far.
Dropped 1,679.39 by the end of the day today.
So much winning
He inherited a growing economy, a healthy stock market and low unemployment. He has undone all 3. Power move!
Be fair, it did take a long time to undo all that…
He’s been back in office an astonishing two months. That’s a lifetime!!Don’t give me hope
And he was very quick about it. I have never seen anyone deal so artfully before. /s
No imagine what evil he could do if he didn’t spend 90 % of his waking time golfing!
He also had friends and allies all around the world. He’s undone that too.
I keep saying that but a lot of people that just like to be contrarians (I guess?) keep saying that the economy was not really good at all.
It wasn’t really good, but now it’s getting really bad, for everyone.
His MAGA fans likely don’t have anything in the market, or they don’t think they do, so they think this won’t affect them. They are in for a rude awakening.
I am actually getting worried about the leopards health, are there too many faces for them to eat? Do we need to ensure they stay healthy and in shape to better continue eating all the faces by restricting the amount of faces they can eat in day?
The leopards eating faces are becoming obese.
Invite the lions, and hyenas, and wild dogs
Yep. The market is a lot like politics that way.
You might not take an interest in markets, but markets take an interest in YOU.
No they are all over invested in the market. The techbros. The effective altruists. The boomers and anyone wealthy. They voted for Trump to pump their bags and dont care about anything else. Only the dirt poor maga aren’t baws deep.
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This is my thought exactly.
I watched Steven Colbert yesterday saying that this large of a fuck up is proof there is no deep state. While I get his point, I disagree. If there is someone in the shadows pulling strings this was the intended outcome.
It’s pretty well known that in trading markets, there’s almost always something that goes up when everything else drops like a rock. Even as such, moving money to be liquid right before a steep drop off, then buying up all the formerly high-value stocks at bargain basement pricing, and just waiting for the rebound, is a legit strategy. Having foreknowledge of such an action is considered insider trading however. Realistically, insider trading is difficult to prove unless the perpetrator is an idiot.
Whether you call it the deep state or the 1% or oligarchs, or simply “rich assholes”, if you believe there is a group orchestrating things, then you beat believe this was the intended outcome.
Stocks go down because cash goes up
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That is also an option.
Honestly there’s a lot of ways to make money in the market if you know what’s going to happen in the coming days that will affect it.
Isn’t the value of short position rising?
Maybe whatever civilization replaces the US will learn from our mistakes and never, under any circumstances allow a single person to have the ability to set any kind of policy. Hopefully they also don’t leave gigantic weapons that can destroy the country all over the legal tapestry and use the honor system to control their usage.
It’s not one person charting this path.
Who are you kidding we’re going to put lead back into everything again just for fun.
Us humans have been making the same mistakes for thousands of years. Lather, rinse,repeat.
Machine rule it is, then.
On one side, this is awesome because companies should tend to the needs of their customers instead of investors.
On the other, fuck my retirement fund
