Trump Shares Post About How He's ‘Purposely Crashing the Stock Market’

/It also forces farmers to sell more of their products here in the U.S., to bring grocery prices way down. We’ve already seen this with eggs.
The absolutely stupid thing about this particular statement is that egg imports had risen to meet demand which was forcing egg prices back down. The tariffs are going to completely reverse that.
- Also, plus, too we're doing next to nothing about Bird Flu that's killing the egg laying chickens and causing the shortage.
  
  Also we don't have any day laborers to plant and pick our crops this year beacuse they are all too scared/deported for the US to produce enough food for ourselves.

The MAGA fucks will drink this new batch of Orange Kool-Aid, mixed with Russian vodka.
- I wish they would all drink the Jonestown kool aid
  
  Flavor-aid actually, but in this case who cares so long as the solution is the same.

Millions of Americans voted with the delusion "Trump really cares about me"
- The wealthiest 10% of Americans own 93% of the stocks. I'm glad to hear they're hurting and not anyone else.
  Trump is doing by accident things I'd never hoped to see in my life: The end of American hegemony, unification of Europe, the fall of the petrodollar, the elimination of the fake wealth on Wall Street.
  But I can't stand the motherfucker.
  
  I’m glad to hear they’re hurting and not anyone else
  Except when equities plunge it drives up borrowing costs. That impedes how businesses maintain and expand their enterprises, which puts downward pressure on employment and wages.
  We're also seeing a crash in commodities prices - particularly US exports - and energy demand, which is gearing up to wreck the O&G, automotive, and agricultural sectors.
  It's bad bad bad for everyone. A totally unforced error by Trump that will have huge negative downstream reprecussions for us all.
  Trump is doing by accident things I’d never hoped to see in my life: The end of American hegemony, unification of Europe, the fall of the petrodollar, the elimination of the fake wealth on Wall Street.
  Maybe. The US has been written off a few times before this and rebounded. And there's no real reason to believe the current EU will be any less xenophobic, imperialist, or wreckless and wasteful as their American peers, given that they've been drinking as hard from the fascist well as the rest of us.
  We'll see what comes of it all. Maybe America will go quietly off into the graveyard of empires and swallow a bullet. Or maybe we're come roaring back for one last nightmarish global thermonuclear Holocaust because we just can't stand not being the center of attention.
  
  They *control the stocks through their brokerages.
  Your parents own the stocks.
- It's so obvious to anyone that looks at his actual actions through his life that he cares about no one but himself.
- That's hard to buy for nearly any given politician, but especially donvict - that's next-level delusion.
- Millions voted to fuck boomers and their 401ks
  Lots of new housing will free up
  About time
  It's a win win
  
  If people understood how the stock market worked they wouldn't be dumb enough to vote for Trump.
  
  Housing won't free up. Black Rock, Morgan and others are buying up all the middle class housing so they can jack up the prices out of reach of most, forcing them to remain renters, then doubling the rents. Thats why housing costs are now more than 50% of income these days.
  Democrats have tried to push legislation banning these companies from buying mass amounts of housing, but the Nazis fully support it. Tent cities will be regular thing by the next "election."

GOP presidents do this every time. Crash the market and the oligarchs buy it up for pennis on the dollar.
- Yeah those bastards should let all of us buy stock with penis.
  
  If that is the case I guess I am getting shorted.
  
  😂 I'm leaving it as it is, somehow still correct

“The president isn’t a number-crunching guy, per se, but President Trump strongly demanded big numbers that would make other countries treat us fairly. And I think you can see today that those numbers are huge,”
HAHAHAHA

Republicans are such idiots that they would mistake huffing paint as a sign of genius.

The Narcissist's Prayer
That didn't happen.
And if it did, it wasn't that bad.
And if it was, that's not a big deal.
And if it is, that's not my fault.
And if it was, I didn't mean it.
And if I did, you deserved it.

Oh, cool! If he meant to do it then nothing is wrong.

The KISS principle applies here, keep it simple. There is no plan, there is only Trump saying “I win”. He’s just declaring victory in the face of disaster as usual

That should be illegal

Fret not, says the president, he is apparently playing chess while the world is playing checkers
He's trying to treat the entire country like one of the casinos he bankrupted to screw over his creditors.
I'm sure he thinks he's playing chess. But what he's really doing is sitting in the corner eating the pieces.
- If the world is playing checkers, then you’re an idiot for playing the wrong game.
- NFL has it coming. They denied him once and he may or may not never forget.
- A vivid and possibly accurate description.
  I still think he is planted there to do as much damage as possible before he expires. Which would mean he is doing it all on purpose.... Which then again would have to make him smarter than I give him credit for
  
  Could be both planted and so inept that he believes he got there on his own accord and is doing a great job.
  
  Even Space Nazi’s “unwoke” AI Grok says Krasnov is a Russian agent with over 80% certainty.
  
  Yeah I agree. There has to be a bigger plan than this. In 40 years our children will see documentaties about the republicans pulling the biggest power grab ever and using idiots like Trump to actieve it. It's not Trump playing chess here, he's just a pawn. There are people behind the scènes pulling the strings.
  If what currently is happening is really just throwing tantrums without having a plan then I feel sorry for how dumb most of america had become.
  
  Or he's betting that if people get desperate enough they will allow an absolute dictatorship.

Then if thats the case, this seems like a national security threat. Destabilizing the country through financial terrorism seems pretty felonious.
- Convenient that he's immune from the law so long as he's in office (and apparently also when he's not).
- The legal system is only for poor people.
- Dude’s already a felon and even got impeached in his first term. I was pretty disappointed when the impeachment lead to literally nothing
  
  Not sure President Shady Vans is an improvement.

"(nervously) Uh... Uh... I'm actually an anarchist and have worked my way to the top for the purpose of dismantling the state. That's why the state is falling apart. Yeah, that's the ticket."
- And just want to sell some crypto with my hash name on them.

Oh my. Apparently Trump pointed to this TikTok and said: "This. This is exactly What I'm doing."
Is the video a parody or serious? Could go either way. That's the Crux of Poe's Law.
And that's where America stands these days: the ruling party is a parody, the government depends on social media shitposting to justify its own actions.
- what the fuck was this nonsense?
  "we've already seen this with egg prices" lolwut?
  
  Just one of many lols in that video

Trump right now is a literal amalgam of Pelosi, Bernie Sanders and Obama. Dude is a Democrat from 1988-2008 lmao 🤣
- You win the award for the being the dumbest fucking Lemmy user. Congratulations!
- This is the dumbest political take I've ever seen, and my dad called Trump a communist because he had Cold War brainrot
  What are you even talking about, why would you ever think a pack of neoliberals don't love the stonks, and why would you ever include Sanders in them? I can only assume you don't even know he's not a Democrat.
  
  Lmao, Pelosi Bernie and even Obama spoke in favor of tariffs during the time a lot.
  You thought you were cooked?
  Bro you were only marinating
- Republican doing Republican policy Republicanly is
  a. A Republican
  b. A Democrat
  c. A Russian
  Shockingly few people can answer this question correctly.
- Bro, what kind of crack are you smoking, you sound like you were a Bernie bro who voted for Trump so you can fuck offnow

Who's gonna tell him he can't just burn it down for the insurance money?

Joke's on you I was only pretending to be an imbecile!

"nufufu, all according to keikaku!" - Doald Tump

Part of a collectivist dream. Companies losing billions of dollars in a day, and self inflicted to boot.
Or what, you gonna cry over unrealized gains and imaginary money?
Beyond that, trump has talked about putting up tariffs since years ago. Hell I remember even Pelosi, Bernie and Biden did as well. So yeah this is just another negotiation chip.
Buckle up bois
- Part of a collectivist dream. Companies losing billions of dollars in a day, and self inflicted to boot.
  Or what, you gonna cry over unrealized gains and imaginary money?
  You do realize that it's regular people who are going to suffer, right?

What I find most fascinating/hilarous about this is “leftists” up in arms about this. This is like the most far left thing you can do other than actually seizing the means of production.
I am not exactly a leftist but I find the tariffs wonderful. Consumerism is a pox on the nation, this should fix this.
Why are we opposed to exploitation and pollution here at home but are ok when China does it because it allows us to buy a year’s worth of clothes every week for the price of single ethically produced garment??
Over leveraged billionaires are in trouble, BIGLY. If this continues they will be margin called and forced to start selling their shit. Of course the flip side is that liquid billionaires will come out of this richer than before. Probably the real plan behind this.
Also can we talk about how much of the economy was just fantasy? Billions, even maybe trillions of dollars of our economy is simply speculative value backed by mass delusion.
Turns out Trump may be a tankie after all.
The one problem is that it will not yield results within 4 years, so it will cause a whole lot of pain only for whoever is in power next to reverse it as soon as they take office. Hell this might not last till the end of the week for all we know.
- I think, for 'lefties,' the trouble is that Trump is replacing progressive income tax with regressive consumption tax. Not that US tax structure was particularly progressive, but it at least pretended. Now, the low end of the income scale, living paycheck-to-paycheck, spending everything on goods & services it going to have to spend an extra 15%, straight to federal coffers, ,while corps get a 25% tax cut and billionaires get elimination of the estate tax.
  It's schadenfreude to see billionaires lose 10 or 20% of their wealth, but they still own all the factories. They're still going to make money, and they will make up for production reductions by reducing workforce and eliminating 100% of many worker incomes. That is why all the economists are crying recession: consumption taxes reduce consumption, reduced consumption reduces employment, unemployment reduces consumption.
  
  Right, that was a point I made in there somewhere. That the reality is that this will make billionaires more money which tracks with Trump. But even if that were somehow addressed the last part would still happen, it is a feature not a bug. The economic depression is necessary to burst all bubbles, and we have a lot of them, which in turn will make domestic production cheap enough that it is actually feasible. It does require the absolute implosion of markets and the destruction of all speculative wealth that exists in the system. The middle class will be the one to take the hardest hit in fact, not only because they will lose the value of their spending money, and their good paying jobs, but their retirement funds will be in tatters. Buuut if you see it through, at the end of the depression we should have a better functioning economy than what we have now. The problem is Trump simply does not have the spine nor the time to see it through and people really hate sacrificing the short term for an uncertain long term that doesn’t necessarily benefit them directly.
  Anyways I think I rambled but I think the tariffs are actually a good very long term play if you are willing to cause a lot of shock and pain in the short term. We just don’t have the stomach for it, so maybe the artificially inflated economy is better. At least until the balloon pops anyways and we have no other choice but to suffer through the same depression but it is easier to stomach because there’s literally no other choice.
- BASED