Trump Calls Tariff Madness a 'Beautiful Thing to Behold' as Global Markets Crater.
Trump Calls Tariff Madness a 'Beautiful Thing to Behold' as Global Markets Crater | Common Dreams
"If the 4.8% fall in S&P 500 futures at the Asian opening isn't reversed, then it's on course for its worst three-day selloff since the Black Monday crash of October 1987."
All he has succeeded in doing is violently ripping the US away from its place at the center of the global hegemony.
Which is not great for those of us in the US, but honestly had to happen, the rest of the world clearly cannot depend on us. Our entire political system is built on honor systems and pinky promises, the rich can do whatever they please and never see accountability.
100% this
I am actually thankful we let this idiot ruin this country. Fuck this country
Yeah, as a Canadian, this had to happen. Kamala winning would have just delayed this. The trajectory’s been this direction since Reagan or earlier so hitting “rock bottom” was more important. The delicious irony is that while Trump thinks he’s building a stronger, more independent America, he’s actually just making a stronger, more resilient global trade market and isolating his own country from ever being welcomed to participate in it.
The world wasn’t taking advantage of the US. The world made the US what it is by being its global market.
Not anymore. Sell your locally-made garbage to yourselves and watch as the world turns you into Russia 2.
Russia 2.0 is the endgame. These fuckers are all fans of Putin and absolutely love how he has funneled his country's wealth directly into his own pockets. Forget Elon Musk, Putin is the actual richest man alive, although we will probably never know exactly how rich.
Well he owns America and Elon too, so he’s def in the lead…
What I hope happens is we oust him and do some serious work on our systems that prevents stuff like this.
Though the track record of our leaders is pretty depressing, maybe they're starting to wake up now that we get to see Endgame Capitalism
He's bulldozing the way for someone to pave the way to universal mincome being accepted. The main hurdle it needed to overcome was how much beurocracy it would take to consolidate all other programs under one roof. If there are no other programs in the way, it all of a sudden becomes the easiest way to re-establish it as quickly as possible.
Edit: I'm not one for changing posts once they have been read or reacted to, but it seems like my wording is not getting the intended point accross. Trump is doing a horrible thing, that once he is deposed may hopefully at least have a silver lining, if there even is an "after".
What the fuck you sound like you fucking trust that man
Trust what man? The one I say is bulldozing the entire government?
Hey cool take, quick question though, are you fucking retarded? Thanks! Have a great day 😊
I'm guessing my wording wasn't great in the first one. Was intended as a follow-up in the same vein. I can rephrase with more detail if my point came across wrong.
It sure seems like his plan is to basically get rid of every financial support. Once they are all gone, there will pretty much be an immediate revolution since so many people will have nothing to lose then, and then from the rubble left over, the only possible solution that could be implemented quickly enough to restore functionality is a universal mincome.
Since there are currently like 100 different ways someone could qualify for financial support that basically add up to the same thing in effect, just with an insane amount of overhead. Restoring that in any kind of reasonable timeframe would be difficult, especially if the plan is to "accidentally" mess up while rewriting the database and "accidentally" delete all current data. I don't really know what other outcome to expect with them promising to completely rewrite it from the ground up in such a short time frame.
I do expect them to at least try to get rid of as many social programs as possible, especially the ones directly doling out money. And if they do them one by one, they won't get very far before people rightfully assume "theirs" might be next, so doing them all at once as a surprise just seems like the only possible way to get rid of them all. And making it seem like an accident is the only chance, slim as it may be, that they have of even possibly getting away with it.
One-third of the population of the United States receives some form of financial aid. 100 million+ people. I think that will 100% be an actual tipping point, even though so many things already should have been the tipping point. And once it tips, there's gonna need to be an "after". A universal basic mincome that you automatically qualify for without needing to jump through any hoops, just X amount of money until your income is at least Y amount, then reduced by a percentage/ratio until hitting 0 when your income is Z amount. (Indexed to inflation)
All the tests of a universal mincome have proven that it not only works, but it works better than all current systems. But there are hurdles to implementing it from such a complicated current system, especially in all the cases so far where it was intended to only be temporary as a test. So, basically, one of the only silver linings that might come from what the US is going through right now, is a possible wide-scale implementation of a mincome, and once it is proven stable on a wide scale, more countries might have reason to implement it without bulldozing their whole world first.
Thanks for replying seriously even though I was being a glib asshole! Sorry for that, I honestly thought your first comment was trolling or something.
I get how good UBI could be for the average American... I'm just extremely skeptical about how it could ever be implemented here, with the attitude people have about "GUBMINT HANDOUTS". I fully expect our corporate overlords to explain via the media how, if it even got to the point of being seriously discussed anywhere, UBI would mean BROWN PEOPLE LIVING OFF OF YOUR HARD EARNED TAX DOLLARS, and cue a bunch of dumb fucks calling for their senators to vote against something that could make their own lives better.
I don't know, good on you for hoping some good might ultimately come of this, but I just can't picture America learning the right lesson from the consequences of its terrible choices. I mean, what, 49% supported an obviously fascist clown for president, and even after the insanity of only the first few months of this term, still his approval ratings are above 40%? I have no confidence in our people or government.
Hehe, yeah. Fair. There is a very good chance that even with everything burnt to the ground, people would vote to take longer to try to go back to what is familiar rather than going for the quick fix that seems better on paper but has never been tested at full scale. And as you say, even if it got so far as to be emergency implemented to stop the hemorrhaging, there is very little chance it would last long enough to prove better before it starts to get dismantled out of fear that it's not... or fear that it is.
I just would hope that at the point where there is a prominent uprising, it would come with a pretty widespread distaste for how it got there. That has historically been the case, a big pendulum swing the other way for a bit.
I'm a bit worried about all those warplanes, warships and nuclear tipped ICBMs
I remember watching a Noam Chomsky talk where he said replacing USD as the global reserve currency could be a good thing for ordinary Americans, long-term.
I don’t think he had anything like this in mind for how to do it though.
I’m gonna ChomskyHonk my self and look for this vid