61–70 of 85 posts
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?
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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)
This is not necessarily the case, due to leverage. For some, it can be "oh, no, my assets went to -200M down from 100M". In particular, it's somewhat common for rich people to fund their lifestyles, and sometimes fund business ventures (this is really playing with fire, but it happens) by borrowing against the stuff they own, which is usually mostly equity. In a really big crash, this can unwind rather messily, as some overstretched super-rich discovered in the previous financial crisis.
I 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 t…
One arguable pro for Europe from all of this is that it _does_ seem to be strengthening Europe as an institution a bit.
Even though I’m part of the people suffering from his election, over half of US citizens voted for him. They are the only people who can stop him. God bless America.
(The point being, his active support is probably not quite so high as 1/2 the country)
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Tell your representatives to get their head out of their asses? Democrats: why aren't you more engaged with this? Republicans: How did lowering grocery prices turn into dismantling the services of our government, kissing Putin's rear, and daydreaming about Trump Hotel Gaza? Also, let your friends, family, and loved ones know how you feel.
> Democrats: why aren't you more engaged with this? They have minorities in both houses, and the Republican majority is currently refusing to impeach the president for seizing unconstitutional powers to do things that they want to see done. This has shattered any sane legislative process: Even if legislators reach a compromise and pass a new law, Republicans will just ignore the parts they strongly dislike. Again.
My R house rep hasn't held a town hall in his district since 2017.
I 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 t…
Earlier quoted context omitted.
Tell your representatives to get their head out of their asses? Democrats: why aren't you more engaged with this? Republicans: How did lowering grocery prices turn into dismantling the services of our government, kissing Putin's rear, and daydreaming about Trump Hotel Gaza? Also, let your friends, family, and loved ones know how you feel.
The problem for the Democrats is on the one hand they just have to wait for Trump to crater everything and then take over or they could work against it and be blamed for preventing the Trumpish golden age.
Fortunately there are still a lot of alternatives. Don't think they can keep papering over it for 4 or even 2 years.
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 think people are a _little_ too eager to jump to "there must be a diabolical master plan". It's _Trump_; it's entirely possible that it's just vibes-based. "Tariffs are good because when I say tariffs the rubes cheer loudly at my rallies" sort of thing.
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?
really, are we trying to model our economy after Russian oligarchy? After free markets have gotten us this far? Quite counter-intuitive and stupid
These people are birds of a feather and they are flocking together.
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The propaganda machine just needs to kick in. They will all be doing Elon salutes in 6 months.
Do you realize how many people don't give two shits about social media or Elon Musk but love to hear from their friends and family? This is not difficult. There are so many ways to broach the subject. Some examples that I feel: I thought Trump was going to lower grocery prices. Who put Elon in charge of dismantling the US government? Why does Trump want a hotel in Gaza of all the ridiculous things you could possibly…