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Politics

Is anyone watching this Trump car crash?

1000 replies

soundsys · 02/04/2025 21:36

WTF is happening? It’s like some bizarre performance art piece.

He’s holding up signs and shouting and throwing out hats it’s just 🤯

OP posts:
Thread gallery
47
Tomatotater · 06/04/2025 22:52

Slimbear · 06/04/2025 21:07

One thing that occurred to me is that the US is quite a religious country -much more so than the U.K. - how are all these people feeling about the slashing of USAID to developing countries. Putting high tariffs on poor African countries,for example. Don’t seem to hear much criticism.

I get the impression they are the descendents of the old Puritans, and haven't really changed much at all since the 16th century. So all about showing everyone how pious they are and persecuting people who they see as different rather than much concern about charity. Especially with regards to people 'not like them'.

ElbowsUp · 06/04/2025 23:13

llizzie · 06/04/2025 22:52

I am wondering now if, after considering the deportations and revoking visas, he could be on a white supremacy ticket without making it too obvious.

The only way America can be first is to cause other countries to decline. America does not have the ability to be great all on it's own.

I think he's been making it obvious explanation enough that he's been "on a white supremacy ticket" for about 9 years now.

Serpentstooth · 07/04/2025 07:41

"White supremacy ticket without making it too obvious" ? I know he hasn't yet stuck his finger under his nose and goose stepped his way to the White House podium but just how obvious do you want it to be? All that's wanted is a lovely smart uniform for his rancid supporters and they'll be on course for their first public lynching. Just for starters.

Igotjelly · 07/04/2025 08:38

Looks like the Asian and European markets have taken another nose dive (being described as a financial bloodbath). Not surprising but still very concerning.

AzurePanda · 07/04/2025 08:54

The good news is that oil prices have fallen by about 15% with the expectation that interest rates will also be dropping. Great for the less well off who are more exposed to energy prices than stock markets.

TopPocketFind · 07/04/2025 11:58

$9.5 trillion has now been wiped off global shares prices, Bloomberg calculates.

Notonthestairs · 07/04/2025 12:10

And the risk of a US recession rises.

1dayatatime · 07/04/2025 13:23

TopPocketFind · 07/04/2025 11:58

$9.5 trillion has now been wiped off global shares prices, Bloomberg calculates.

The tariffs make large multinational companies less profitable because it will be harder to outsource manufacturing to low wage, low environmental/ safety standard and low power priced countries. Instead they will have to look at re shoring manufacturing which will be more expensive meaning a mix of higher product prices and lower profits. This in turn reduces their share prices.

But here's the twist the US has to refinance $6.5 trillion in debt by the end of June 2025. With share prices falling the yield on US Government bonds reduces as investors seek safety in bonds:
https://www.ft.com/content/25e49d20-27e0-4850-9235-a98bb0adf9c
Now with every basis point reduction in US Bonds the US Gov saves $1 billion per year in interest payments- so far basis points have dropped 30 bps:
https://www.foxnews.com/opinion/heres-what-trump-really-up-high-stakes-tariff-gambit.amp

Flight to safety pushes 10-year Treasury yield below 4%

US government debt has surged as Trump’s trade war sparks exodus from American stocks and the dollar

https://www.ft.com/content/25e49d20-27e0-4850-9235-a98bb0adf9c9

llizzie · 07/04/2025 13:55

ElbowsUp · 06/04/2025 23:13

I think he's been making it obvious explanation enough that he's been "on a white supremacy ticket" for about 9 years now.

True, but it has never been so obvious.

Those countries in the southern hemisphere - Asia - have supplied the US with clothing, shoes, aa well as other manufactured goods at a very low price, and American wholesalers and retailers have put huge profits on them. Now those countries are facing crippling tariffs, because they have very few other countries to trade with.

Trump has said he wants to increase American industries, building factories to produce goods at home, but that could never happen, because the American workers want more money than Asian workers - South Korea, India, Bangladesh, Pakistan, China (leave them for the moment) and other countries, who can only produce goods at a low price because their factory workers are very low paid, and work conditions are appalling.

He could never produce those items - designer goods, which cost hundreds and thousands of dollars. Not only would it take years to build the factories, but the workers would never work for a few dollars a day.

Now they are faced with having to pay tariffs, as well as cutting costs to the bone. It is already slave labour: a full time worker who can only provide a home for the family and food in their bellies, with nothing left, as in the same position as the old slaves were when they worked all day for a bed in a wood shack and bread.

The only way America can become ''richer'' - Trumps own words last week - is by impoverishing other countries.

Russia was not on the list, ostensibly because there are sanctions imposed, but there is some trade going on..

It is even possible that many countries might break sanctions with Russia. We still don't know what Trump and Putin discussed on the phone beside the Black Sea Shipping Agreement.

Today we have seen pension pots all over the globe reduced in value. It isn't just the rich, is it? Anyone who retires this week will not have enough pension to live on unless something is done.

llizzie · 07/04/2025 13:57

Igotjelly · 07/04/2025 08:38

Looks like the Asian and European markets have taken another nose dive (being described as a financial bloodbath). Not surprising but still very concerning.

The only way to make America 'great' and 'richer' is to impoverish other countries. Americans do not have the ability to be richest in the world on their own.

hamstersarse · 07/04/2025 14:01

Igotjelly · 07/04/2025 08:38

Looks like the Asian and European markets have taken another nose dive (being described as a financial bloodbath). Not surprising but still very concerning.

It’s nice that today you have a deep concern for the (usually) pesky wealthy shareholder elites. Real nice of you.

I would guess you probably want to tax these same people more on a different day, but for today let’s have lots and lots of sympathy for their losses

hamstersarse · 07/04/2025 14:03

AzurePanda · 07/04/2025 08:54

The good news is that oil prices have fallen by about 15% with the expectation that interest rates will also be dropping. Great for the less well off who are more exposed to energy prices than stock markets.

It benefits the less well off of course, but has the added benefit of harming Russia. They are funding their war with the high oil prices…

I do forget he’s a Russian agent sometimes when he does things like this, but I must try harder to remember he’s actually a Russian asset:

TopPocketFind · 07/04/2025 14:05

No tariffs on Russia

10% tariff on Ukraine

lawpluslaw · 07/04/2025 14:20

hamstersarse · 07/04/2025 14:01

It’s nice that today you have a deep concern for the (usually) pesky wealthy shareholder elites. Real nice of you.

I would guess you probably want to tax these same people more on a different day, but for today let’s have lots and lots of sympathy for their losses

It's a loss to anyone with a pension no matter what country they're in. And proportionally, a bigger one to people living on fixed incomes, retirees.

Igotjelly · 07/04/2025 14:41

hamstersarse · 07/04/2025 14:01

It’s nice that today you have a deep concern for the (usually) pesky wealthy shareholder elites. Real nice of you.

I would guess you probably want to tax these same people more on a different day, but for today let’s have lots and lots of sympathy for their losses

Hmm my concern is not for the super wealthy, particularly those in Trump’s circle who no doubt are shorting the markets and making a buck. My concern is for the impact on global economics and the trickle down of that to average people everywhere. A stock market crash is in no way beneficial to the poor in society.

1dayatatime · 07/04/2025 14:44

llizzie · 07/04/2025 13:55

True, but it has never been so obvious.

Those countries in the southern hemisphere - Asia - have supplied the US with clothing, shoes, aa well as other manufactured goods at a very low price, and American wholesalers and retailers have put huge profits on them. Now those countries are facing crippling tariffs, because they have very few other countries to trade with.

Trump has said he wants to increase American industries, building factories to produce goods at home, but that could never happen, because the American workers want more money than Asian workers - South Korea, India, Bangladesh, Pakistan, China (leave them for the moment) and other countries, who can only produce goods at a low price because their factory workers are very low paid, and work conditions are appalling.

He could never produce those items - designer goods, which cost hundreds and thousands of dollars. Not only would it take years to build the factories, but the workers would never work for a few dollars a day.

Now they are faced with having to pay tariffs, as well as cutting costs to the bone. It is already slave labour: a full time worker who can only provide a home for the family and food in their bellies, with nothing left, as in the same position as the old slaves were when they worked all day for a bed in a wood shack and bread.

The only way America can become ''richer'' - Trumps own words last week - is by impoverishing other countries.

Russia was not on the list, ostensibly because there are sanctions imposed, but there is some trade going on..

It is even possible that many countries might break sanctions with Russia. We still don't know what Trump and Putin discussed on the phone beside the Black Sea Shipping Agreement.

Today we have seen pension pots all over the globe reduced in value. It isn't just the rich, is it? Anyone who retires this week will not have enough pension to live on unless something is done.

I don't understand your viewpoint.

Do you think that international trade where companies either import from poorer countries or offshore their manufacturing to such poorer countries in order to profitably take advantage of lower wages, lower safety standards, lower environmental standards and cheaper but dirtier power is a good thing or a bad thing?

Because if you think it is a good thing then you would support continued globalisation. But if you think it's a bad thing then you would support tariffs and re shoring.

But you are absolutely right and this is where David Ricardo's "Comparative Advantage " is flawed is that the only way the US could compete with such poorer countries is to radically drop salaries, do away with safety standards, do away with environmental controls and burn coal to produce cheap power rather than renewables.

Now this is clearly not going to happen.

1dayatatime · 07/04/2025 14:56

Igotjelly · 07/04/2025 14:41

Hmm my concern is not for the super wealthy, particularly those in Trump’s circle who no doubt are shorting the markets and making a buck. My concern is for the impact on global economics and the trickle down of that to average people everywhere. A stock market crash is in no way beneficial to the poor in society.

@Igotjelly

Seriously you've got to get away from all these hard left conspiracy theories, it's not healthy.

Trump has not deliberately trashed the stock market as part of some secret get rich scheme with his uber wealthy chums by shorting the stock market. If there is any ulterior motive then it is to push bond yields down to make refinancing of US Government debt cheaper.

And whilst we are on conspiracy theories the investigation of the collision between the Solange and Stena Immaculate had nothing to do with some secret plot by Russian intelligence for the Russian Captain of the Solange to deliberately ram into the Stena Immaculate. Instead (and as I posted to you at the time) it was because no one was on watch on the Solange which was on auto pilot.

https://www.bbc.com/news/articles/cx27l1gp29no.amp

A fire rages on the Stena Immaculate oil tanker after it was hit by cargo ship Solong off the East Yorkshire coast on 10 March.

Tanker and ship had no 'lookouts' before North Sea crash, says report - BBC News

The Stena Immaculate was hit by the Solong cargo ship off the coast of East Yorkshire on 10 March.

https://www.bbc.com/news/articles/cx27l1gp29no.amp

Igotjelly · 07/04/2025 15:10

1dayatatime · 07/04/2025 14:56

@Igotjelly

Seriously you've got to get away from all these hard left conspiracy theories, it's not healthy.

Trump has not deliberately trashed the stock market as part of some secret get rich scheme with his uber wealthy chums by shorting the stock market. If there is any ulterior motive then it is to push bond yields down to make refinancing of US Government debt cheaper.

And whilst we are on conspiracy theories the investigation of the collision between the Solange and Stena Immaculate had nothing to do with some secret plot by Russian intelligence for the Russian Captain of the Solange to deliberately ram into the Stena Immaculate. Instead (and as I posted to you at the time) it was because no one was on watch on the Solange which was on auto pilot.

https://www.bbc.com/news/articles/cx27l1gp29no.amp

Thanks for the link on the tanker collision.

Although it’s hardly a far left conspiracy to think Trump and his ilk will be making money from the current chaos.

No need to be a twat.

lawpluslaw · 07/04/2025 15:21

Igotjelly · 07/04/2025 15:10

Thanks for the link on the tanker collision.

Although it’s hardly a far left conspiracy to think Trump and his ilk will be making money from the current chaos.

No need to be a twat.

@1dayatatime Isn't being a twat. They're demonstrating their credulousness by citing theories circulated on pro-maga media, which is desperate to try to cast a theoretical framework over Trump's wanton, irresponsible, ill-conceived actions.

This poster believes

Unfortunately their dislike of the individual blinds them in understanding economics.

But does not understand economics as well as they think they do.

Very few (no?) reputable economists buy into this theory or the odds of success this strategy would have against the backdrop of the chaos that's currently being wrought, even if well-conceived and planned. When I asked this poster earlier in this thread to provide backup for their assertions, they provided me with a tariff 101 explainer.

TulipTiptoer · 07/04/2025 15:32

lawpluslaw · 07/04/2025 15:21

@1dayatatime Isn't being a twat. They're demonstrating their credulousness by citing theories circulated on pro-maga media, which is desperate to try to cast a theoretical framework over Trump's wanton, irresponsible, ill-conceived actions.

This poster believes

Unfortunately their dislike of the individual blinds them in understanding economics.

But does not understand economics as well as they think they do.

Very few (no?) reputable economists buy into this theory or the odds of success this strategy would have against the backdrop of the chaos that's currently being wrought, even if well-conceived and planned. When I asked this poster earlier in this thread to provide backup for their assertions, they provided me with a tariff 101 explainer.

I agree

I sniff an air of desperation. As it all goes tits up.

coolmum123 · 07/04/2025 15:39

Serpentstooth · 07/04/2025 07:41

"White supremacy ticket without making it too obvious" ? I know he hasn't yet stuck his finger under his nose and goose stepped his way to the White House podium but just how obvious do you want it to be? All that's wanted is a lovely smart uniform for his rancid supporters and they'll be on course for their first public lynching. Just for starters.

😂😂😂😂

1dayatatime · 07/04/2025 15:46

Igotjelly · 07/04/2025 15:10

Thanks for the link on the tanker collision.

Although it’s hardly a far left conspiracy to think Trump and his ilk will be making money from the current chaos.

No need to be a twat.

Oh come on. In order to make any serious money from shorting the recent stock market falls then the magnitude of the short positions would have needed to be of an order of magnitude that it would have sent alarm bells going off around every market regulator in the world.

By all means it is entirely possible that Trump's tariff policies are because of ineptitude or wrong policies but they are not part of some secret uber rich plot to rig the market. Cock up over conspiracy.

The example of the tanker collision link was to disprove a previous conspiracy theory of yours that it was a deliberate act.

1dayatatime · 07/04/2025 16:05

@lawpluslaw

OK here's an explanation of the rationale for Trump's policies from the BBC which I hope you will accept is not a pro MAGA news source.

David Ricardo's theory of comparative advantage is flawed when you start to add minimum wages, workers health and safety, environmental controls etc that Western economies operate under.

Yes tariffs are an incredibly blunt tool but I have seen no explanation from other posters on how else they would resolve a $1.2 trillion trade deficit every year for the US economy.

Lastly there seems to be a lack of ability to distinguish between Trump's character
as an individual and the rationale for these tariff policies. Just because many people (including myself) may dislike him as an individual it doesn't mean that there isn't an economic rationale for the tariff policies. And yes there maybe disagreement on whether these policies will work or not but they have not been implemented simply because Trump wanted to be a twat.

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