540
this post was submitted on 16 Dec 2024
540 points (98.4% liked)
News
23627 readers
2356 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Well shit. I hoped it was just bluster, but if he's serious it makes a lot of sense.
The 0.1% gain wealth whenever economies crash. He is obviously going to try to crash the world economy so fat cats can buy assets for pennies on the dollar, including entire developing nations. Then the fed prints a gazillion dollars and bails it all out.
Greedy pigs get fatter, the rest of us get leaner.
You understand he was president before, right? And that he did this before? Like, he's a totally known quantity, and he's going back to where he was in 2019.
this dude killed 300,000 americans and people are somehow surprised that he's unbothered by the prospect of killing untold vast swaths of people now that it's been demonstrated that he will never be held accountable for his actions
No, I had no idea he was president before. Thank you.
Nobody in the US is going to be making money when everyone else calls Trump's bluff and slaps a 200 percent exit tariff on goods to the US.
So a 1,000 dollar item will be 3,000 dollars when it hits US Customs and jump to 6,000 there because of Trump's import tariffs. They can support that all day long because they just hand the money straight back to their domestic company. As far as they're concerned they made a 3,000 dollar sale.
You might think we could just do without and use domestic manufacturing. But not only have we fucked domestic manufacturing in so many ways, this will apply to our food imports as well. So it's not like we can just refuse to pay.
As much as the farm subsidies have been criticized, literally starving isn't something we should have to worry much about.
Food we can do domestically just fine, as long as you don't care about coffee and tea. Even those I just expect we're going to make existing grounds/leaves stretch a whole lot farther.
I don't think it'll be as bad as some of Russia's hard times, but goddamn is that a long, long way to fall.
I'm more concerned about world politics. We're going to cede a hell of a lot of control of the world to Russia and China. It's likely that China claims an entire vertical slice of the Earth, standing in the way of a good chunk of world trade.
Categorically false.
Manufacturers will not make money. Importers will not make money.
Owners WILL make money. Mark my words.
The owners of what? Everything in the US is going to skyrocket in price. If they're a domestic company then their inputs are going to kill them.
The Peter Theils, the Blackrocks, various equity firms.
Just like wall street doesn't mirror main street, crashing economies can be quite profitable if you're in the right industry.
I see you're talking about them buying everything they can. That's going to be kind of hard when the stock market crashes though. While it can remain irrational, it cannot ignore companies collapsing.
John Pauson, Pauson & Co.
Made billions during '07-08
That's cute that you think that was a crash. It could have been one but they stopped it. They were able to stop it because businesses were still viable under it all. These tariffs run the real risk of making the businesses non viable which takes the base of the stock market out. A true crash that wipes everything out.