2 trillion, so far!
this post was submitted on 03 Apr 2025
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we're in a recession right now. this is the beginning of one. people mass selling off their stocks to take money and that shakes all markets down the river is exactly a recession start. get ready folks.
He did that in theee month. Only 4 more years to go
As a guy with nothing, I really couldn't give much less of a shit about retirement accounts and the ultra rich losing money. And I already make shit wages and live on almost nothing. The only thing that is going to really hurt is the continued hyperinflation.
Can't see past your nose, can you?
Enlighten us oh great prophet.
Go slow so our little brains can understand.
I'll take a stab at it:
- Local businesses will suffer across the board, might lead to this poor fella maybe loosing his already shit job.
-There won't be another job for him to take (see first point).
-He makes shit money so he has nothing saved up.
-social nets and government help is being systematically wiped out.
-It's the streets now, and for many others like him. Where does this lead? Massive uptick in crime, and a lot of crime everywhere. Everyone is fucked - those who currently care and those who currently don't care.
I'm actually semi prepared for this. My shit paying job is working for a non-profit that distributes food to people who need it, and honestly those who work there have the first access to the resources if they are in dire need. If all of that were to fall apart, and it could, my history is in working in food service and frankly I can get a food service job as well as anyone else. I'm super qualified. It might pay shit, but if anybody can do it I can and somebody will be doing that job as long as any jobs exist.
If the economy collapses completely and there are no jobs, I'm kind of prepared for that too. I've got a .22 rifle with a suppressor and a crap load of ammo that I can feed my family with for at least a couple of years feeding on squirrels and cats and dogs and fuck it humans if I have to. Not that I want to eat any of those things but damn it I'm going to survive. I'm not someone who advocates poaching or breaking laws, but when it comes to survival everything goes out the window. I know how to garden too. I have crazy amounts of filtration capability for water also, not to mention you can just boil it and as long as we're not dealing with irradiated Fallout water, I'll be fine. I could live the next year just in a quarter of the camping gear that I own, no matter what the weather. Birds make good eating too. If everyone's money becomes completely valueless, I'm better off than most.
Right - first option survive the storm, next option... Murder? Steal? Pillage? (I'm stretching what you said, but it was implied). This is the very possible future we all might be living in, so again to OP's point about spiting your nose/face. Basically I find the moves of Trump to be catastrophic and the potential of where it might lead us is... Horrific
Oh I can see it. I just don't give a fuck.
Why is this comment getting downvoted, while Fingolfinz is getting upvoted in the same thread for saying the same thing..?
"...and right here is where I'm going to manufacture the worst economic crash since the literal Plague."
Mr Miller told me this was a REALLY GOOD IDEA!!!
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...and cancelling 500k work visas just few days ago, that should hit the economy too
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.
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O'Doyle rules!
Let's cancel student loans too, that will own the libs!
It was worth a shot.
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Time to recycle some things...
Better quality version (I think)
"1,000,000 men out of employment"
Certainly showing it's age there. You'd never see unemployment statistics announced that way today. Not even sure if this is because of how "men" used to be used to refer to people in a more general way, or because women didn't make up a significant portion of the workforce (or because they didn't care about that demographic...)
"Net loss of gold in exports" too... Usually we see GDP used for that kind of statistic now
Do I remember correctly that trump was elected mainly on improving economy?
That's what they kept saying...
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'.
As an impoverished no body with nothing to lose in this country, I’ve just been laughing my ass off.
This is bad for us too. A cratering stock market slows down hiring which depresses wages and makes it harder to find work.
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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$2T so far
13 hours later and I had the arrogance to think I had an original comment.
And you italicized it! Well done!
I'm so glad that as a millennial I get to live through so many different historic times.../s
How many once in a lifetime economic events is this now?
Would you prefer to live through the world wars or the cold war? Or any other time in history?
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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.
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
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Stable genius working his special magic in advance of the Super Bigly Oligarchs’ Enormous Clearance Sale of resources & remnants of US governmental assets!!!
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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?
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.
And the vastly wealthy will benefit, as they always do, by picking up those bargain basement stocks which will, eventually, become valuable again.
I don't think that's correct.
Imagine, if you will, an uptick in vandalism on Tesla Cybertrucks. Insurance companies notice and increase the price of insuring them. The used car market price for those vehicles goes down, with fewer people wanting to buy vehicles that are more expensive to insure and are more likely to be vandalized.
Is that price drop a dip that a savvy investor can take advantage of? Is there an investment case for buying used cybertrucks and then hoping that Elon's stink fades? I don't think so. The value of that thing has permanently decreased.
Look to American soybean farming. Trump put tariffs on China in 2018, and China retaliated with tariffs on soybeans, among other products. Brazil stepped in and started exporting a lot of soybeans to China, and maintained that market share even as the tariffs were canceled. Basically, American farmers never recovered. Buying up all that farmland for cheap wouldn't have done anything because the new owners of that land can't benefit from some kind of higher profits from that land.
Sometimes things drop in price because they just become less valuable. I think that's what's happening with American stocks right now, because the damage that is being done is hard to reverse.
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.
Entire year of gains lol
He did as he promised, financial liberation.
From the poor
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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Valuation not value
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