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this post was submitted on 16 Dec 2024
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Well shit. I hoped it was just bluster, but if he's serious it makes a lot of sense.
The 0.1% gain wealth whenever economies crash. He is obviously going to try to crash the world economy so fat cats can buy assets for pennies on the dollar, including entire developing nations. Then the fed prints a gazillion dollars and bails it all out.
Greedy pigs get fatter, the rest of us get leaner.
Nobody in the US is going to be making money when everyone else calls Trump's bluff and slaps a 200 percent exit tariff on goods to the US.
So a 1,000 dollar item will be 3,000 dollars when it hits US Customs and jump to 6,000 there because of Trump's import tariffs. They can support that all day long because they just hand the money straight back to their domestic company. As far as they're concerned they made a 3,000 dollar sale.
You might think we could just do without and use domestic manufacturing. But not only have we fucked domestic manufacturing in so many ways, this will apply to our food imports as well. So it's not like we can just refuse to pay.
As much as the farm subsidies have been criticized, literally starving isn't something we should have to worry much about.
Food we can do domestically just fine, as long as you don't care about coffee and tea. Even those I just expect we're going to make existing grounds/leaves stretch a whole lot farther.
I don't think it'll be as bad as some of Russia's hard times, but goddamn is that a long, long way to fall.
I'm more concerned about world politics. We're going to cede a hell of a lot of control of the world to Russia and China. It's likely that China claims an entire vertical slice of the Earth, standing in the way of a good chunk of world trade.
Categorically false.
Manufacturers will not make money. Importers will not make money.
Owners WILL make money. Mark my words.
The owners of what? Everything in the US is going to skyrocket in price. If they're a domestic company then their inputs are going to kill them.
The Peter Theils, the Blackrocks, various equity firms.
Just like wall street doesn't mirror main street, crashing economies can be quite profitable if you're in the right industry.
I see you're talking about them buying everything they can. That's going to be kind of hard when the stock market crashes though. While it can remain irrational, it cannot ignore companies collapsing.
John Pauson, Pauson & Co.
Made billions during '07-08
That's cute that you think that was a crash. It could have been one but they stopped it. They were able to stop it because businesses were still viable under it all. These tariffs run the real risk of making the businesses non viable which takes the base of the stock market out. A true crash that wipes everything out.
You understand he was president before, right? And that he did this before? Like, he's a totally known quantity, and he's going back to where he was in 2019.
this dude killed 300,000 americans and people are somehow surprised that he's unbothered by the prospect of killing untold vast swaths of people now that it's been demonstrated that he will never be held accountable for his actions
No, I had no idea he was president before. Thank you.