Who else has been riding the VIX train with me from 2 weeks ago?
this post was submitted on 14 Apr 2025
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politics
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It’s almost like your laws had a very good reason for a very long time to disallow the president the power to unilaterally impose tariffs.
Hell, to unilaterally do MOST things.
This isn't even a subtle attempt to destabilize the world market, and yet so many people are just like
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They walked back again today and said the exemption is for the additional 120% tariff but the 20% imposed earlier still applies
Sorry, they walked back the walkback of the walkback? Does anyone know what's going on?
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And the sell off of our debt will pick up speed. These idiots are going to crash our economy and anyone left holding the bag.
They have to be doing it deliberately. The aim is to destroy the USA.
What the fuck is actually going on here!? Whether they want Americans to pay more because of tariffs or not, how can they not make up their minds?? Decide yes/no, but this constant flip-flipping is also harming the country...
Crash the market, buy low.
These last weeks have been inside trading shitshow.
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I'm not surprised that this is how the second Trump administration has started. This level of stupidity is exactly what I was expecting. What does surprise me, though, is that many tens of millions of people voted for this. Honestly, it's shaken my commitment to democracy. Maybe the people shouldn't be making important decisions.
Before the election, I saw a house flying a big flag with the words "Elect Trump King of the United States". So, uh, maybe monarchy would turn out to be even worse...
With that said, I understand how you feel. I don't know how democracy can work in a post-truth era.
Y’know, if America had a constitutional monarchy, it might actually work out just fine. Let Trump be the king, so he can rant, do ceremonial stuff, be in the news all the time, have his fans, cause controversies, &c.… meanwhile the real elected government would be quietly busy attending to the people’s business.
Democracy is the power of the majority. Now think of how stupid the avarage person is and realize half of them is stupider than that.
What surprises me is that tens of millions still think he's doing the right thing even as he makes the country look like fools.
The US was never a democracy to begin with. It was a government designed to benefit one very particular small but powerful minority.
It's just that now it's come out of the closet.
It's strange that it would happen now, at a point when literally every job can be automated(or will be automatable within the next 5-10 years).
...stupidity? 🤦♂️🤦♂️🤦♂️
They're intentionally crashing the economy so they and all their billionaire buddies can buy everything up for cheap. Everything is going literally exactly as planned.
I think that's it, and they victimize LGBTQ+ people and immigrants because their supporters love it and it buys them time to implement their kleptocracy. Some of the Trump people are true-believer Nazis, but some of them are just greedy assholes who will throw anyone under the bus for their own gain.
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How about education should never be touched when it comes to budgets?
I don't think that what K-to-12 schools are capable of teaching even in the best-case scenario can be sufficient to equip the average person with the knowledge and critical thinking skills necessary to, for example, evaluate complex economic policy on its merits. I have a STEM PhD but it isn't in economics and I don't think I can evaluate economic policy well - I go with the consensus of economists, but that's easy for me because I think their best interests and mine are aligned. (I want to see the stock market go up.) I'm not sure what a person whose interests are not aligned with the economists' is supposed to do... Listen to ignorant demagogues who promise everything, apparently.
I think that's a good idea, but, unfortunately, if put to a vote, I'm confident the American people would vote against it.
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You know, this may really piss off some folks who got an early notification that there would be an exemption for electronics. You know, his insider trading buddies. It will be interesting to see who gets the angriest about this last minute change.
On April 11, 2025, traders placed large, targeted call option bets on Apple. That evening, the Trump administration quietly exempted smartphones from tariffs, news not publicized until April 12. These trades weren't speculation - they were placed before the memo was released.
That's an issue that can come up, when your inside guy for market manipulation with all the power necessary for the scheme is also an impulsive narcissist, who never was that bright to begin with, but is also clearly losing some mental faculties due to age, too.
Lmao. Bet there are some angry Tech-bros calling.
May they lose their shirts.
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