Can you even imagine how happy putin is with his bitch?
I am starting to think about that Trump just learned what a tariff is during this election cycle. Still has no idea how they work, what their purpose is, when they should be used, nor how they impact local and global economies but, gosh darn it, if he isn’t excited to show off his new knowledge.
Maybe if they have him write out the word “TARRIF” on a piece of paper and put that paper on the white house fridge, he can be proud of it everyday and be able to move on to his next vocabulary word.
Remember, when he uses the “nobody knew this” that actually means he didn’t know it. And he says it a lot.
Because in his mind
He is the only person with any value
Everyone else is a lamb to the slaughter unless he finds them useful.
I don’t know about “with any value”. I think he just thinks he’s the only person. And the other people are…something else. Like people, but not.
Check out from 9:50, Trump has been talking about tariffs since the 80’s
It’s like he’s trying to kill the US dollar. Nobody who was actually trying to protect our currency would be making these moves.
It’s not a shocker why all the cryptobros are behind him either, because that’s their goal, too.
But I mean god damn it is really hard to exaggerate how stupid and easily manipulated Trump is.
No “like”, he is. Russia and China want to devalue the dollar and replace it as the world currency.
Obviously Russia is unlikely to achieve that, but I’m sure China encourages the use of RMB in their global operations, like in their belt and road projects.
Russia benefits from a stronger US dollar insofar as its oil and gas exports are settled in that currency. The more valuable the US dollar is (as measured against the ruble), the more rubles Russia’s exports end up yielding — or the better they compete with other producers in international markets.
The fiat currency cannot be discussed in public. It’s mystery maintains it’s real value.
So trump is going to start a trade war with the entire world now?
What is the next word after “great” when talking about economic depressions?
I was going to say epic, but that starts with an E. If we want the word after it should start with an H. ‘The Heavy Depression’? That way we can start to name them like hurricanes. The next could be ‘The Imploding Depression’, followed by ‘The Jumbo Depression’.
Nah, someone will kill him before that happens. You don’t fuck with the money.
The rich get richer from a depression. They’re orchestrating this dumpster fire with absolute glee.
The bizarre Republican project of burning America to the ground, because they love it so gosh darn much, continues apace.
For those with enough wealth, it’s a win-win. Either the dollar stays strong and you continue to trade assets/stocks/bonds accordingly, or it craters and you invest in cost-competitive labor on par with India and China.
In the latter case, while foreign goods are priced out of reach, a booming manufacturing sector will come in and “save the day” in states with poor worker protections/rights. The real magic trick is making sure you (the 1%) are in the room when the decisions are made to hold or fold before the general public knows anything about it.
