Trump Shares Post About How He's ‘Purposely Crashing the Stock Market’
Donald Trump shared a video claiming he was intentionally crashing the stock market, prompting confusion from his supporters.
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.
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
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.
Could be both planted and so inept that he believes he got there on his own accord and is doing a great job.
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.
Then if thats the case, this seems like a national security threat. Destabilizing the country through financial terrorism seems pretty felonious.
The legal system is only for poor people.
Convenient that he's immune from the law so long as he's in office (and apparently also when he's not).
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.
"(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.
“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
I doubt he can even count past ten, because that's when he runs out of fingers.
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.
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
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
It's this.
There is no plan.
Whats the point of being the most powerful man in the world if you can't make everyone in the world know it.
"Liberation Day" (🤮) was the "Mission Accomplished" moment for the shit whistle's second term.
Republicans are such idiots that they would mistake huffing paint as a sign of genius.
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.
I'm glad to hear they're hurting and not anyone else.
That's not the way things roll though.
When wealthy people lose 10% of their wealth it's annoying but ultimately doesn't impact their quality of life.
I have a feeling things are going to get pretty bleak for the rest of us at the supermarket real quick.
I love how many people are advocating and celebrating for 50 million elderly Americans to become homeless. You guys couldn’t eat the rich if I put them in front of you with some condiments. couldn’t find the rich fucking if Luigi was pointing a gun at them.
The whole Trump administration is ran by putting up some stupid stat and getting some stupid people angry about it and then we encourage a stupid plan to go through that hurts the angry people even more making them more angry and dangerous. we’re only 90 days in people let’s get it together
I’m glad to hear they’re hurting and not anyone else.
Unless you're accused of being an immigrant and are deported, or you're trans, or in Yemen or Palestine, or like, have/want a job that isn't subsistence farming. Look at the Depression, it wasn't just investors who were hurt.
Trump might be accidentally causing some good things to happen, but a lot of regular people are going to suffer too.
They *control the stocks through their brokerages.
Your parents own the stocks.
The wealthiest are not hurting, they're getting exponentially richer.
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
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."
Yea lmaoo just like 2009 when we all got bank loans and bought tons of distressed real estate.
oh wait it’s nothing like that because we don’t have a housing bubble where strippers own five homes
The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.
"Ban all the things that you don't own."
Joke's on you I was only pretending to be an imbecile!
Who's gonna tell him he can't just burn it down for the insurance money?
Oh, cool! If he meant to do it then nothing is wrong.
I had this thought the other day and this seems as good a place to leave it as any. Trump seems to be running the economy like it is a simplified version of the 1980s. Like the macho, bold, no compromise leadership style we would have expected from a white collar "hero" of that time period. As if that's when he learned what a leader looks and acts like and never changed his mind. Absolutely no consideration for evolving culture or the infinitely more complex, interconnected world we live in. Let alone the complexity of the stock market, global trade, and US consumer economy.
Just oversimplified notions like, "We have to tear it down to rebuild it! You don't have the balls to do something like that! I'm leader!"
Though, more likely he's just dementia riddled and controlled by a foreign government and too dumb to realize any of it.
"Don't worry about blank. Let me worry about blank!"
My only regret.... is that I have..... boneitis.
That should be illegal
So the 1% can buy nearly all of it for a song. Provided of course all of us the dumb money sells.
Archive link for the paywall.
"nufufu, all according to keikaku!" - Doald Tump
Lol he wants you to trust him, he can bring the money back! All 12 trillion!.... That the entire country made in 4 years together, slowly....
As a demo, let me show you how I can control our household's income (the markets) I have full control and you shouldn't worry about it. We start small to demonstrate how I do have full control. I can totally remove money! From this car flying down the highway, I just open the window and toss the money out! I can do it from this bike! Look see? It's friday pay day! I got the money back! OK let's go big. Here's all the and we're on this large airplane! Let me show you how its done! You simply open this window... Watch it all fly away!
Okay let me show you how I can bring it all back.... Just sit back and wait for the check. When you're famous they let you do it! Wait for it! Hey it Friday! No check? Oh...we get paid every other Friday! And we're waiting!.. Friday again! But this is a holiday! We'll have to wait two more Fridays, you'll see. Its coming back!..... Hi, I need a ticket to Antarctica, i'm told there's only penguins there! One way please, and hurry!
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?
Everyone talks about tariffs. That's not the issue. The issue is a universal tariff based on chatgpt. He didn't even calculate the correct tariffs rates on the US. The other issue is most of the 1% have the means to buy boatloads of stock right now as it's crashing. Companies won't lose money. They'll pass this onto consumers and workers. Raise prices, no bonuses, cut staff. So the working class will be hit the hardest while the 1% profits. And these tariffs aren't expected to actually bring any manufacturing back to the US.
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.
Consumerism is a pox on the nation, this should fix this.
Leftism is when you fix consumerism by rendering common people too poor to buy shit. What a take.
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??
Well, first off, these tariffs aren't focused on China. They're hitting everyone, including countries with better labor laws and more environmental regulation than the US, such as the EU. Second, the tariffs aren't conditional on countries making improvements, like if you want to argue we should have tariffs based on emissions per capita, that's not an unreasonable position (although we'd have to tariff ourselves somehow), but that's not what's actually happening at all.
Turns out Trump may be a tankie after all.
No, he isn't.
Not too poor to buy things, only poor enough that you’ll consider it twice before buying another plastic piece of shit you don’t need off of Amazon. It’s absolutely messed up that the ONLY reason we can consume as we do is because we moved all the pollution and exploitation to where we can’t see it, so that we can consume with a clean conscience. I don’t know how you can defend this shit, because I can’t. If your country’s economy depends on the exploitation of the people of another’s that just colonialism disguised as free market trade.
China was an example because it’s the most well known one. Second I never said that the implementation was good itself, I just think the concept of universal tariffs is very much solid especially in terms of ethics (which Trump somewhat frames it that way, of course his intentions are both bad and not well thought out so it’s only superficial ) with the caveat that it results in short term destruction of wealth which depending on the point of view is not so bad. I at least don’t think the levels of speculation in our markets is good and anything that pops that bubble is a good thing.
"The economy is bad, actually" is a wild take.
I think it’s the one thing everyone can agree on.
But you have to be aware that it depends greatly on your point of view of how economies should work. Do the dynamics of economics exist simply to push up the GDP or do they exist to create abundance and prosperity that everyone can take part off? The current economic system as it works simply exists to push up the GDP increasingly through financial alchemy, speculative assets and debt. Neoliberals will hold that this is good, but I’m not convinced because my eyes and ears tell me different. This is not a sustainable economic system, even if it looks good on the surface. Or more specifically it is not a sustainable economic system for the middle class. It is schrodingers economy in a way, good and bad existing in superposition.
This is why China keeps gaining ground, they plan for the long term and have high tolerance for short term pain. Their corporations don’t sweat a bad year, look at Huawei for example. An American company I think would rather sell of its assets and give every exec a gajillion dollars before going though the trouble of rebuilding themselves from being banned from one of their largest markets. Our corps only plan on a quarter by quarter basis, our government on 4 year terms, and entire organizations change plans on a bad day at the stock market. It’s frankly ridiculous how short sighted we’ve become, and our economy really is emblematic of that short sightedness.
BASED
Trump right now is a literal amalgam of Pelosi, Bernie Sanders and Obama. Dude is a Democrat from 1988-2008 lmao 🤣
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.
You win the award for being the dumbest fucking Lemmy user. Congratulations!
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
Republican doing Republican policy Republicanly is
a. A Republican
b. A Democrat
c. A Russian
Shockingly few people can answer this question correctly.