The goal is to destabilize and crater the economy then have the rich scoop it up for cheap right? With the goal of moving closer and closer to a pure rentier economy?
i guess you converted all your investments to cash then?
America faces a Trumpian economic slowdown
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Re: America faces a Trumpian economic slowdown
#12The goal is to destabilize and crater the economy then have the rich scoop it up for cheap right? With the goal of moving closer and closer to a pure rentier economy?
That's just one of many goals. More goals include:
- Selling American assets to billionaires to exploit
- Gutting anything that helps average Americans so as to create justification for lower taxes for the rich.
- Gutting Ukraine so as to cut spending so as to provide tax cuts for the rich.
- Restricting any freedom of speech so that no one may complain about anything.
Re: America faces a Trumpian economic slowdown
#13The worst part of this is that Trump's followers are never going to blame him for this. They will find someone, anyone else to make responsible. He will stay in power, things will get worse, and they'll keep pointing the finger at absolutely anyone except for him.
We'll be lucky if he and his ilk are out of power sometime in the next decade.
Re: America faces a Trumpian economic slowdown
#14The worst part of this is that Trump's followers are never going to blame him for this. They will find someone, anyone else to make responsible. He will stay in power, things will get worse, and they'll keep pointing the finger at absolutely anyone except for him. We'll be lucky if he and his ilk are out of power sometime in the next decade.
Nah. Just talk to people. Not behind a screen. So many more people saying wtf than go Trump.
Re: America faces a Trumpian economic slowdown
#15The goal is to destabilize and crater the economy then have the rich scoop it up for cheap right? With the goal of moving closer and closer to a pure rentier economy?
Well rich people already own most assets. Why would they want their holdings to lose value? Market crashes hurt HNWI's the most, as they have the most exposure.
I am not sure if you feel the second point follows on from the first or stands on its own? I will respond to it as a separate issue and I take it to mean the economy as a whole and not just residences. That being said I agree it is the goal of companies to move that way as they will always push for more control and recurring revenue, but that’s just corporate incentives at play, not global a shadowy plan imho. If we the consumers push back and demand our DVD's and CD's (yes I still use those) there will be players who come forth to take our money for them.
Re: America faces a Trumpian economic slowdown
#16I am european, and I don't really know if it's really a bad thing for europe.
I would say it's bad to lose an ally like the US, especially for defense, but what about trade?
The problem is that american hegemony also bother some people, and those people dislike Trump but are they still happy for the US to be less strong?
I would bet there are some europeans who are happy about the US slowing down, but I don't think there are many.
I thought that americans would be able to impeach him or congress/senate/judges to stop him, but it seems nothing will stop him.
Maybe american democracy is flawed and russia managed to crack it.
Re: America faces a Trumpian economic slowdown
#17The worst part of this is that Trump's followers are never going to blame him for this. They will find someone, anyone else to make responsible. He will stay in power, things will get worse, and they'll keep pointing the finger at absolutely anyone except for him. We'll be lucky if he and his ilk are out of power sometime in the next decade.
Nah. Just talk to people. Not behind a screen. So many more people saying wtf than go Trump.
I absolutely do, and I know plenty of folks who will express dismay at these issues on the one hand, then turn around and justify Trump and defend him on the other hand. They literally will not connect the dots. Same for folks who think government is corrupt and broken and so choose a corrupt pro-thing-breaker to lead it.
Re: America faces a Trumpian economic slowdown
#18The goal is to destabilize and crater the economy then have the rich scoop it up for cheap right? With the goal of moving closer and closer to a pure rentier economy?
i guess you converted all your investments to cash then?
Heh, I just checked and my portfolio peaked on Jan 23 and has been on a downward slope since then. Down about 6%. Wouldn’t have been a bad return if not for a bunch of tax implications.
Re: America faces a Trumpian economic slowdown
#19The goal is to destabilize and crater the economy then have the rich scoop it up for cheap right? With the goal of moving closer and closer to a pure rentier economy?
Well rich people already own most assets. Why would they want their holdings to lose value? Market crashes hurt HNWI's the most, as they have the most exposure. I am not sure if you feel the second point follows on from the first or stands on its own? I will respond to it as a separate issue and I take it to mean the economy as a whole and not just residences. That being said I agree it is the goal of companies to mo…
Market crash won't hurt the super wealthy. Oh no! My assets went to 60m down from 100m!
Day to day spending pressure is what tanks. Economy depends on money flow. Most of that flow is necessities (shelter, food)
Re: America faces a Trumpian economic slowdown
#20The goal is to destabilize and crater the economy then have the rich scoop it up for cheap right? With the goal of moving closer and closer to a pure rentier economy?
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