- cross-posted to:
- economics@lemmy.world
- cross-posted to:
- economics@lemmy.world
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He can not seem to grasp that your enemy is allowed to fight back and if you make enemies of friends eventually that is all you will have.
He can not seem to grasp
…anything, really. And his closest henchmen know this well, too! Just read the entire chat on Signal.
They’re just using him because he pulls (or used to pull) public consensus, while working around his bullshits.
He’s just gone. Nothing’s going on upstairs. I sometimes think of an ancient clip of Ali G trying to sell him some kind of ice cream glove and there was enough brainpower to realize it was bullshit and try to get out of that situation. Now tho, there is nothing there. He doesn’t grasp the most basic things.
President musk really need to stop Trump from talking
The word is “crybully”
Putin’s idiot cuck.
Classic bully / troll behavior. Always the aggressor yet also always the victim.
Must be nice he learned from russia
Im thinking there’s another country he wants to be besties with.
standard sexual abuser.
I’m not condoning it, but he sees
thishis original actions as retaliation. Or purports to see this as retaliation. Sigh.Edit for clarity
Just like how Putin sees Russia’s invasion of Ukraine as retaliation, or claims to. Great minds think alike, I guess.
He has concepts of what he’s trying to do
It’s like he can’t comprehend that other people would react to his actions.
He raised tariffs, other nations reduced trade with the US and looked elsewhere. If he continues to raise tariffs it will inevitably cause the US to be isolated in trade.
It’s not even a shocking/daring tactic, it’s a self destructive tantrum because his misunderstanding has led to mismanagement and now he’s doubling down
This doubling down is really telling…
It’s like someone showed him a plastic toy mallet and it’s the only tool he’s aware of in his toolbox.
It’s a move to spur domestic manufacturing and move the US to Autarky — straight out of Hitler’s playbook; albeit an incompetent attempt because he’s a mentally challenged degenerate.
Autarky isn’t bad — covid highlighted the weaknesses that capitalism and globalism created for every economy — but Trumps goals are not risk mitigation or “national security”, and he certainly intends for it to enable imperialist wars and conquests. The fact is the allies won WW2 largely because of US manufacturing capacity (Europes was destroyed). China could take Taiwan tomorrow and the world would have to let them as we are entirely reliant on Chinese manufacturing; they could cripple us if they halted exports.
I agree with almost everything here, but I don’t think an embargo on China would be as damaging as you think it would.
It would hurt, don’t get me wrong, but China is largely in the position it is now because the developed world was looking for cheap labour and China fit the bill. There is no lack of underdeveloped nations who would gladly shift their economy if it meant they could support a fraction of the manufacturing supply that China currently commands. Africa and South America (not a single nation, I know but this is true of many African and South American nations so I’m combining for simplicity’s sake) is positioned both politically and geographically, to be a sudo-China in terms of manufacturing if the wider world decides to embargo China-proper.
The US and EU pulling out of China would devastated them far more than it would affect the former. I’d like to think that the EU at least, would be willing to withstand some economic damage to aid another nation in need.
It took 30 years for Chinese manufacturing to reach what it is today.
Yes, other countries would love to take on that role.
But it would take another 30 years, IF China cooperated and pushed the transition like the west did. Which they won’t.But that only takes into account the time when China started their shift into manufacturing. China has been THE dominant manufacturer for at least 20 years now. So we shouldn’t judge by today, but should judge by their rise to dominance.
Plus having a distribution of countries to use as manufacturers allows for specialists to emerge, likely speeding up their individual adoption of the role they choose.
And why would China cooperate with their own exclusion from the world market? And even if they chose economic suicide, why would their assistance be required for other countries to become manufacturers?
China doesn’t need to push the transitioning. Juat like you said, the previous time that push was done by the west. The same west can do the same push again.
I’m not well read on india’s modern manufacturing capabilities, but I do know that they have been trying for a while to up their manufacturing exports and entice jobs that would normally go to china. 1 billion ppl is a competitive sized workforce.
If America and EU needed an immediate substitute, india could fit the bill.
This is exactly it. There are plenty of options, removing what is currently the best option just means picking the next best and so on and so on until we reach stability
Not really, for the same reasons Russia’s economy is now in the shitter: sure they could sell oil to another country, but changing the whole infrastructure is not something that can be done in days. Same with moving the whole production of goods to a completely new country.
Also consider that nowadays western countries have lost the knowhow to produce efficiently goods (while their service industry still remains unmatched)
I can see the point your making. I’m not suggesting it’d be easy but if we moving to Russia as the example Russia would be the standin for China, not the wider world.
Russia’s economy is now shit because they got embargoed, as China’s would be, it hurt the wider world briefly, but that has mostly passed.
And I didn’t suggest western countries take on the brunt of the manufacturing, I suggested it should be countries that would benefit from the overhaul to their economy
To be fair, if you look at it from the perspective of a narcissist who has never been told “no” his entire life, it makes perfect sense.
Exactly, he doesn’t know how to negotiate because a negotiation involves give and take. Trump has only ever known take, take, take
He learned from Putin, it’s all taking and gaslighting
I just hope that the EU and other major powers blacklist Yarvin’s Cabal from living or operating in their territories. The 1%'s money is tainted, as it would surely be used to corrode and destroy countries as it had the US.
it will inevitably cause the US to be isolated in trade
That’s the goal. He isn’t a Kremlin asset, he is a Pyongyang asset, implementing Juche in the US ;)
“If you guys damage the US economy, I will do even more damage to the US economy.”
—stable genius
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If he’s stable that explains the horse shit…
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I’m the stablest, geniusest potus the world has even seen. When does the Mt Rushmore amendment start that’s all I want to know
Apparently that what it will take to wake up Congress and the voting populace.
Ah, so that’s why he loves them so much.
Me and a group suggested he’s not using a fake tan. His orange tint is caused by being pissed on
He needs to drink more water and less Diet Coke!
I need a mythbusters episode on this pls
US: Bashes Canada for no reason. Starts a trade war.
Canada: Makes new trade partners.
US: Canada how dare you find other trade partners! Come back here so I can bash you again!
Keep doing what you are doing Europe and Canada
This.
The only person doing economic harm to the US is him.
Isn’t trump the one actually pushing economic harm to the US? Maybe he should look into that.
Yes, he’s creating chaos so that robber barons can capitalize on it to grow their own wealth at the cost of everyone else’s
He’s destroying international relationships to remove US superpower status, to give more regional hegemony to Russia and China (probably just Russia, China gets it for free).
And he’s displacing the US dollar as the global currency. Contributes to the first two items and has long term effects on their global hegemony.
The trump regime’s only purpose is to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
Ding ding ding. We have a winner
Not that I am doubting this as a tactic but has this been reported in my any large organisations?
No, because it’s speculation.
It’s far more comfortable to think it’s being done for some malicious reason rather than out of stupidity or fear.
No, because the ultra wealthy OWN the media outlets.
They are the ones already owning the companies. It’s not like the middle class had much of the ownership lol
“The bottom 90% of Americans own approximately 7% to 11% of all stocks. This highlights the significant concentration of stock ownership among the wealthiest individuals in the U.S. .”
Trump is hurting the rich. Which is hilarious because it’s not like he has anyone else’s interests in mind ahahaha
Oh yeah, his top buddy Putin
The wealthy can always try to own more.
Each time this happens, it’s another transfer of wealth from the bottom to the top.
The top takes more, and the bottom has to fight amongst themselves for a smaller and smaller piece of the pie.
Trump fucks everything up forcing nations to find other economic alternatives then says I will destroy you if you work together. This is the plot of a bad 70’s comic book.
Once people find or develop those alternatives they wont be back for at least a few generations. Trump doesn’t understand that other countries can and will find a replacement for US goods and if necessary US customers. I’m sure though some who are in the right position are ready to exploit this for their own gain. Trump is more than a fool he is a tool.
Trump has his personal wealth secure via private dinners in maralago. Everything else is for them.
Trumps wealth depends on him keeping the GOP on his side. The second he loses his lock on them his future is very uncertain. He is already losing more and more ground with the people and unless he can do the old brown shirt thing like hitler in four years he is out.
He’s Hindenburg his whole job is setting up the next Hitler. That’s his plan anyway. You can see on his face he already knows how this ends for him.
Next, I’ll use a shotgun, and aim for my entire leg instead of just the foot!!
Trump is like a doll and when you squeeze it all it says: “Tariffs!”
Trump: starts trade war
Trade partners leave the chat.
Trump: surprised pikachu
Please destroy our economy… I really want to buy a house.
I really don’t think that’s how it works. Like no one has ever sold their house below market to such an extent that one would run to buy it. That makes no sense. If you lose your house, it goes to the bank.
but banks dont want houses. they want the balance of the loan. in a moderate recession realestate will get auctioned fast and low.
Okay. Whatever you say Mr. Let me know when that happens so I can get one too!
I mean, anecdotally, I do know someone that bought a new build in mid 2008 for about 60k-ish less than what everyone else in the neighborhood bought for (earlier or later). The company building out the subdivision was pretty desperate and he had a solid stable job as a trucker. He managed to get all kinds of perks and stuff too.
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A discount of $60000 is not “nothing at all”. At current rates, it’s about $300 off your monthly payment.
That’s $300 more than I can spare.
oh, you’ll know. talk to friends and family who may have been through this before. make a plan (or five) for something that works. there are paths depending on your goals - individual, multi-family, communal, etc. only you (and other potential participants) know what you might want to achieve.
the most important thing its talking to people who have been through it before. start doing that so you have some inkling of what to look for and what might work if you have resources. a great deal of it is luck but some of it is forethought.
reminder: none of this is competent financial advice and you should probably ignore it.
Just google “foreclosure auction” in your area. Those houses will generally sell below market.
Or just use any other better search like Bing or duckduckgo. googol sucks and was never any good.
Think about what you’re saying. The market value fluctuates over time. Right now US housing is artificially inflated because of monopolies and rampant real estate speculation. When it tanks, it could tank hard and fast, and it might never get back to current levels. Nobody knows. And that is the time when tens of millions of Americans would love to buy homes.
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I can see you weren’t around when the fallout of 08 happened. Read some articles about the 08 crash. With all of these people losing their jobs, you don’t think there will be ramifications to that? The job market is complete shit right now, more people looking than jobs available. The dominoes have been tipped and are starting to fall. The sooner you realize that the better you will be on the recovery. There’s a bad moon rising and trouble is on the way.
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That’s why I’m telling you, housing doesn’t drop
House prices cratered during 2008-2014… So did interest rates.
I was lucky enough to be able to leverage a VA loan, and had a solid and secure job during the 2008 recession, which is the ONLY reason I was able to buy a home. Ever.
I couldn’t do it today. Not 3 years ago during “The bestest economies evar!” Not 6 years ago while the admin was “Making American Great Again”…
Nope, it was because of a recession, so houses sat on market for 4 or 5 months. Almost any offer was being taken. I even talked the seller down 9K on my home. That’s how bad it was.
There has never been a president like donald.
This is true but I personally am not gonna be selling my house for a low low price just because Hitler is the president.
Think it through for a minute. You won’t be selling.
And you won’t be buying.
But it’s gonna be interesting all the way to the wild west.
“only I can do economic harm to the U.S!!!”
