this post was submitted on 13 Feb 2025
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KEY POINTS

  • Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending.
  • Trump has sent mixed messages on military spending throughout his 2024 campaign and in the early days of his presidency.
(page 3) 48 comments
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[–] [email protected] 8 points 1 week ago

"I am going to take over the world"

"And they will pay for it"

-Some idiot apparently

[–] [email protected] 56 points 1 week ago* (last edited 1 week ago) (1 children)

Wow, they tanked *checks notes* 1.6% and 3.6%. Woooow

[–] [email protected] 18 points 1 week ago

They probably shorted them first

[–] [email protected] 21 points 1 week ago

Are you kidding .... who the hell believes anything this idiot says any more. If any one does, then you are just as dumb or dumber than this orange cheeseball.

He is the master of deception, lies and misdirection .... he'll say one thing, everyone panics and runs around scared or angry and while they panic, he goes behind everyone to pull off some cheesy lame ass scam that would have been easy to stop otherwise but he gets away with it because everyone is preoccupied.

The stocks will jump up and down at his every whim and because he is the one directing the show, he'll profit by betting on when the fall occurs and when the rise returns. He'll skim off everyone's wealth over and over again until we're all bled dry.

[–] [email protected] 6 points 1 week ago (1 children)

If Trump fucks with the rich folks - those who have their hands in the pocket of our tax dollars - we'll be talking about President Vance next week.

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[–] [email protected] 5 points 1 week ago

i agree.

our defense budget is larger than the next 9 defense department equivalents in the world combined.

[–] [email protected] 6 points 1 week ago (1 children)

Tariffs, military spending, deportations, fossil fuels - did he fire his economics person?

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[–] [email protected] 6 points 1 week ago (1 children)

Could it be a power move to pressure the military and try to have it approve fascism ?

also: defense in USA ~3% of GDP

https://en.m.wikipedia.org/wiki/United_States
The United States of America (USA), (...) is a country (...)
https://en.m.wikipedia.org/wiki/United_States_federal_budget
2024 GDP $29.168 trillion
2023 defense ~$0.8 trillion (~2.74% of GDP)
...so, above the 2% NATO target.

[–] [email protected] 8 points 1 week ago (1 children)

just last month lord diaper reiterated again that nato members should be spending five percent gdp on defense (up from the treaty's two percent). he's been whining about this one for like a decade now.

now he wants to spend less than even that two percent.

i think someone in the admin shorted some defense stocks, and this asinine statement is just to make a quick buck.

[–] [email protected] 3 points 1 week ago

... or is this money thing just a distraction ? ... if they are going for fascism and totalitarianism ... if they get it, they won't care about money, once they have uncontested power. I say they are close to this point except for maybe the military who may oppose them.

[–] [email protected] 13 points 1 week ago (7 children)

My mind came up with a terrible what-if today:

What if Musky is becomes the first trillionaire in the next year or two and then deploys a Tesla-bot army?

[–] [email protected] 2 points 1 week ago

well, tesla already was given a $400 million contract for armored teslas, so...

[–] [email protected] 4 points 1 week ago

Full autopilot* killbots

[–] [email protected] 2 points 1 week ago (1 children)

Oh man, a showdown at the border: Tesla-Bot vs Mecha-Gosling!

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[–] [email protected] 12 points 1 week ago

A Tesla bot army would make the Russian military look good

[–] [email protected] 18 points 1 week ago

For his own sake, he should hope that his bot army performs better than his swastikars.

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[–] [email protected] 79 points 1 week ago (5 children)

He wants to annex Canada with half the war machine funding?

He is literally a fucking moron.

[–] [email protected] 29 points 1 week ago (1 children)

Seems like the strategy is for us Canadians to feel so sorry enough with the state of affairs over there, that we'd join the states out of sympathy. Nice try.

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[–] [email protected] 9 points 1 week ago (1 children)

Sure, piss off the industrial war machine. WCGW?

[–] [email protected] 3 points 1 week ago

you think hes not gonna just send nukes and sharpie 51 over it on the map?

[–] [email protected] 79 points 1 week ago (1 children)

Yes please cut defense spending in half.

[–] [email protected] 33 points 1 week ago (1 children)
[–] [email protected] 11 points 1 week ago (1 children)

So... a quarter of the original left?

[–] [email protected] 10 points 1 week ago (1 children)
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[–] [email protected] 9 points 1 week ago (1 children)

holy shit the stopped clock is on the correct time. too bad it wont actually happen

[–] [email protected] 24 points 1 week ago

Well, even if defense spending were slashed, the current oligarchy is gutting health, education, environment, and occupational programs, so those "savings" won't be reallocated to anything actually beneficial to society. We'll be lucky if that money even stays in the country. We're basically witnessing an estate sale for a deceased America.

[–] [email protected] 14 points 1 week ago

There was a post just a day or so ago that was basically saying it was time to buy Raytheon:D

[–] [email protected] 181 points 1 week ago (5 children)

Who's to bet a load of shares get bought up, then suddenly this announcement is rescinded?

[–] [email protected] 10 points 1 week ago* (last edited 1 week ago) (1 children)

I bought lockheed martin call options after the way the steel markets rebounded

Edit: just checked volume on LMT. 2.4M today vs an average of 1.35M. Yeeeeeeah. Lot more buyers than usual today

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[–] [email protected] 20 points 1 week ago (1 children)

Everybody was panic buying ! Those stocks were fast as lightning!

[–] [email protected] 14 points 1 week ago (2 children)

In fact the buying was a little bit frightening.

[–] [email protected] 1 points 1 week ago* (last edited 1 week ago) (1 children)

Everybody was kung fu fighting.

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[–] [email protected] 50 points 1 week ago (4 children)

Playing the market based on the insanity dripping out of this guy daily, not a bad plan. If only there was some actual rhyme and reason to what he does.

[–] [email protected] 12 points 1 week ago (1 children)

I was already going hard on AI stock, then day of inauguration when he sent the clear message of where tech companies stand in running this country I dumped ALL investment money into AI stock. If I have to live in this hellscape I better at least get to retire in it.

[–] [email protected] 27 points 1 week ago (1 children)

My brother, have you heard about the benefits of diversification? If you want to retire at all, don't put all your eggs in one basket.

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