this post was submitted on 03 Apr 2025
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[–] diffusive@lemmy.world 41 points 2 days ago (2 children)

Do I remember correctly that trump was elected mainly on improving economy?

[–] whotookkarl@lemmy.world 29 points 2 days ago

That's what I heard people said, but I suspect it was more the anti-immigrant, christian nationalist, white supremacist, misogynist not wanting to out themselves so they said things like the 'price of eggs' or 'the economy' instead of 'I'm scared of everything I don't understand like diversity and worker solidarity' or 'i don't want to be treated the way I treat minorities'.

[–] O_R_I_O_N@lemm.ee 8 points 2 days ago

That's what they kept saying...

[–] Gates9@sh.itjust.works 24 points 2 days ago (1 children)
[–] TheMachineStops@discuss.tchncs.de 11 points 2 days ago (1 children)

He did as he promised, financial liberation.

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[–] Hossenfeffer@feddit.uk 25 points 2 days ago (2 children)

It's just utterly infuriating and miserable. This isn't a Nelson-Ha-Ha.gif moment.

Ordinary Americans will suffer for this. People will lose their homes, their jobs, their lives. And ordinary people in other countries will suffer for it too - job losses for companies who majorly sell to the US are inevitable. Car companies in the UK (Landrover, Aston Martin, Jaguar, etc are already making noises about job-cutting).

And the vastly wealthy will benefit, as they always do, by picking up those bargain basement stocks which will, eventually, become valuable again. And it's the plan. It's always the plan. Transfer wealth from the many to the few. Brexit was a cash grab. Trump is a cash grab.

[–] alexplex@lemm.ee 1 points 1 day ago* (last edited 1 day ago)

by picking up those bargain basement stocks which will, eventually, become valuable again.

Everyone can do this. Even if it's only $50. If you have nothing, you gotta start somewhere. I'm investing every penny I can spare right now.

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[–] Donjuanme@lemmy.world 18 points 2 days ago

2 trillion, so far!

[–] Sir_Kevin@lemmy.dbzer0.com 66 points 2 days ago (1 children)
[–] sik0fewl@lemmy.ca 20 points 2 days ago

O'Doyle rules!

[–] CMDR_Horn@lemmy.world 32 points 2 days ago (3 children)

I'm so glad that as a millennial I get to live through so many different historic times.../s

[–] CancerMancer@sh.itjust.works 6 points 2 days ago

How many once in a lifetime economic events is this now?

[–] alexplex@lemm.ee 1 points 1 day ago* (last edited 1 day ago)

Would you prefer to live through the world wars or the cold war? Or any other time in history?

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[–] A_Union_of_Kobolds@lemmy.world 127 points 3 days ago (3 children)

"...and right here is where I'm going to manufacture the worst economic crash since the literal Plague."

[–] griff@lemmings.world 26 points 3 days ago

Mr Miller told me this was a REALLY GOOD IDEA!!!

[–] jared@mander.xyz 25 points 3 days ago (2 children)

Looks like he's working towards a fire sale.

[–] liverbe@lemmy.world 20 points 3 days ago
[–] barneypiccolo@lemm.ee 8 points 2 days ago (2 children)

It all makes sense when you look at it from the perspective that he's doing all this at the direction of Putin to destroy American hegemony in the world.

As bad as the world thinks it's been under Ametican leadership, its better than letting Russia or China run the show.

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[–] MordercaSkurwysyn@lemm.ee 10 points 2 days ago (1 children)

Plague massively increased economic situation of peasants in western Europe.

[–] Cryophilia@lemmy.world 8 points 2 days ago (1 children)

Only in the long run. A lot of them died and suffered horribly first.

[–] MordercaSkurwysyn@lemm.ee 6 points 2 days ago

Of course, first things need to hit rock bottom for regular people to demand fair treatment.

[–] expatriado@lemmy.world 87 points 3 days ago (1 children)

...and cancelling 500k work visas just few days ago, that should hit the economy too

[–] HeyJoe@lemmy.world 27 points 3 days ago (2 children)

And everyone being deported as well. Even most of the illegals paid into the economy. Now we're taking that away and spending who knows what to create chaos.

[–] P1nkman@lemmy.world 9 points 3 days ago (1 children)

But all the government institutions are being dismantled, so why have taxes at all?

Need to pave a road to your house? Pay it yourself! Need to drive on a road you haven't paid for? Pay the toll to the owner.

[–] pufferfisherpowder@lemmy.world 18 points 2 days ago

Libertarian police

I was shooting heroin and reading “The Fountainhead” in the front seat of my privately owned police cruiser when a call came in. I put a quarter in the radio to activate it. It was the chief.

“Bad news, detective. We got a situation.”

“What? Is the mayor trying to ban trans fats again?”

“Worse. Somebody just stole four hundred and forty-seven million dollars’ worth of bitcoins.”

The heroin needle practically fell out of my arm. “What kind of monster would do something like that? Bitcoins are the ultimate currency: virtual, anonymous, stateless. They represent true economic freedom, not subject to arbitrary manipulation by any government. Do we have any leads?”

“Not yet. But mark my words: we’re going to figure out who did this and we’re going to take them down … provided someone pays us a fair market rate to do so.”

“Easy, chief,” I said. “Any rate the market offers is, by definition, fair.”

He laughed. “That’s why you’re the best I got, Lisowski. Now you get out there and find those bitcoins.”

“Don’t worry,” I said. “I’m on it.”

I put a quarter in the siren. Ten minutes later, I was on the scene. It was a normal office building, strangled on all sides by public sidewalks. I hopped over them and went inside.

“Home Depot™ Presents the Police!®” I said, flashing my badge and my gun and a small picture of Ron Paul. “Nobody move unless you want to!” They didn’t.

“Now, which one of you punks is going to pay me to investigate this crime?” No one spoke up.

“Come on,” I said. “Don’t you all understand that the protection of private property is the foundation of all personal liberty?”

It didn’t seem like they did.

“Seriously, guys. Without a strong economic motivator, I’m just going to stand here and not solve this case. Cash is fine, but I prefer being paid in gold bullion or autographed Penn Jillette posters.”

Nothing. These people were stonewalling me. It almost seemed like they didn’t care that a fortune in computer money invented to buy drugs was missing.

I figured I could wait them out. I lit several cigarettes indoors. A pregnant lady coughed, and I told her that secondhand smoke is a myth. Just then, a man in glasses made a break for it.

“Subway™ Eat Fresh and Freeze, Scumbag!®” I yelled.

Too late. He was already out the front door. I went after him.

“Stop right there!” I yelled as I ran. He was faster than me because I always try to avoid stepping on public sidewalks. Our country needs a private-sidewalk voucher system, but, thanks to the incestuous interplay between our corrupt federal government and the public-sidewalk lobby, it will never happen.

I was losing him. “Listen, I’ll pay you to stop!” I yelled. “What would you consider an appropriate price point for stopping? I’ll offer you a thirteenth of an ounce of gold and a gently worn ‘Bob Barr ‘08’ extra-large long-sleeved men’s T-shirt!”

He turned. In his hand was a revolver that the Constitution said he had every right to own. He fired at me and missed. I pulled my own gun, put a quarter in it, and fired back. The bullet lodged in a U.S.P.S. mailbox less than a foot from his head. I shot the mailbox again, on purpose.

“All right, all right!” the man yelled, throwing down his weapon. “I give up, cop! I confess: I took the bitcoins.”

“Why’d you do it?” I asked, as I slapped a pair of Oikos™ Greek Yogurt Presents Handcuffs® on the guy.

“Because I was afraid.”

“Afraid?”

“Afraid of an economic future free from the pernicious meddling of central bankers,” he said. “I’m a central banker.”

I wanted to coldcock the guy. Years ago, a central banker killed my partner. Instead, I shook my head.

“Let this be a message to all your central-banker friends out on the street,” I said. “No matter how many bitcoins you steal, you’ll never take away the dream of an open society based on the principles of personal and economic freedom.”

He nodded, because he knew I was right. Then he swiped his credit card to pay me.

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[–] EndlessNightmare@reddthat.com 38 points 2 days ago (1 children)
[–] Donjuanme@lemmy.world 3 points 2 days ago

13 hours later and I had the arrogance to think I had an original comment.

And you italicized it! Well done!

[–] Bakkoda@sh.itjust.works 27 points 2 days ago

Who knew that Tarriffs, a historically bad idea when used broadly and heavily, would be bad for an economy propped up by massive consumer debt and a stock market existing solely on speculation/over valuation?

[–] ThePantser@sh.itjust.works 57 points 3 days ago (4 children)

Let's cancel student loans too, that will own the libs!

It was worth a shot.

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[–] lupusblackfur@lemmy.world 54 points 3 days ago (1 children)

Time to recycle some things...

[–] cm0002@lemmy.world 28 points 3 days ago (1 children)

Better quality version (I think)

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[–] rational_lib@lemmy.world 30 points 2 days ago (1 children)

As bad as this is, it can still get a lot worse. The market seems to be pricing in a high probability that Trump will reverse course. If the tariffs stay on for at least a few months, there will certainly be a recession, probably a depression, and possibly social unrest that will take decades to fully recover from.

[–] kameecoding@lemmy.world 21 points 2 days ago (1 children)

When things really crash is when the rich will decide to pay their cash and start buying up shit, and then we will think the economy recovered but really all that happened is another wealth redistribution in the wrong direction

[–] Knightfox@lemmy.one 5 points 2 days ago

Maybe but it could crash anyways. JP Morgan tried to stabilize the stock market in 1929 by buying up stocks, but it collapsed anyways and led to the Great Depression.

[–] Fingolfinz@lemmy.world 38 points 3 days ago (1 children)

As an impoverished no body with nothing to lose in this country, I’ve just been laughing my ass off.

[–] scoobford@lemmy.zip 28 points 3 days ago (6 children)

This is bad for us too. A cratering stock market slows down hiring which depresses wages and makes it harder to find work.

[–] Fingolfinz@lemmy.world 24 points 3 days ago (6 children)

Yeah, it’s absolutely fucked. My laughter comes from a place of being glad that some faces got ripped to shreds by leopards and then also because it’s the only thing to keep my mind from totally fizzing out from this mountainous heap of daily shit we’re subjected to. And then the rest of the world is getting dragged into it so fuck. Just fuck.

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[–] griff@lemmings.world 29 points 3 days ago (1 children)

Stable genius working his special magic in advance of the Super Bigly Oligarchs’ Enormous Clearance Sale of resources & remnants of US governmental assets!!!

[–] pelespirit@sh.itjust.works 12 points 3 days ago (3 children)

The National Parks sell off hits me in the gut.

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[–] Gigasser@lemmy.world 21 points 3 days ago* (last edited 3 days ago) (4 children)

You know what I find funny. The US fucking whinges about China nearly all the time. Yet they seek to become Insular and Autarkic. They make the same mistake the Qing Dynasty did.

Edit Addendum: The Qing dynasty, is often seen as prizing its material abundance and cultural legacy so highly that it sometimes failed to adapt to new challenges and technological advancements. This narrow focus is often cited as one of the factors that contributed to their eventual decline.

Equating the greatness or state of the nation with it's wealth.

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[–] LodeMike 16 points 3 days ago

Valuation not value

[–] SeeMarkFly@lemmy.ml 11 points 3 days ago (1 children)

A couple of Trillion dollars here, a couple of Trillion dollars there. Pretty soon it will add up to real money.

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