49 points

permalink
report
reply
9 points

Another one from 2012:

permalink
report
parent
reply
5 points

Unfortunately, this one wasn’t a real tweet. It seems real, but it’s not.

permalink
report
parent
reply
4 points

Now we know why he’s keeping Elon around, he needs a lift.

permalink
report
parent
reply
4 points

Such incredible foresight from Elon—parking a Tesla in orbit around the sun for this particular occasion!

permalink
report
parent
reply
34 points

Do you think Trump, Musk and their oligarch insider friends maybe, just maybe, opened short positions on a bunch of stock ahead of the new tariff announcement?

permalink
report
reply
10 points

This is my thought exactly.

I watched Steven Colbert yesterday saying that this large of a fuck up is proof there is no deep state. While I get his point, I disagree. If there is someone in the shadows pulling strings this was the intended outcome.

It’s pretty well known that in trading markets, there’s almost always something that goes up when everything else drops like a rock. Even as such, moving money to be liquid right before a steep drop off, then buying up all the formerly high-value stocks at bargain basement pricing, and just waiting for the rebound, is a legit strategy. Having foreknowledge of such an action is considered insider trading however. Realistically, insider trading is difficult to prove unless the perpetrator is an idiot.

Whether you call it the deep state or the 1% or oligarchs, or simply “rich assholes”, if you believe there is a group orchestrating things, then you beat believe this was the intended outcome.

permalink
report
parent
reply
9 points

Nothing needs to go up. Shorting stocks lets you make money off of them when they go down. If a person or group of people can cause a crash and know in advance what day it’s happening, they can borrow stocks and then buy the stock to repay the loan at a lower price and pocket the change.

permalink
report
parent
reply
2 points

Isn’t the value of short position rising?

permalink
report
parent
reply
1 point

That is also an option.

Honestly there’s a lot of ways to make money in the market if you know what’s going to happen in the coming days that will affect it.

permalink
report
parent
reply
1 point

Stocks go down because cash goes up

permalink
report
parent
reply
122 points

He inherited a growing economy, a healthy stock market and low unemployment. He has undone all 3. Power move!

permalink
report
reply
6 points

And he was very quick about it. I have never seen anyone deal so artfully before. /s

permalink
report
parent
reply
4 points

No imagine what evil he could do if he didn’t spend 90 % of his waking time golfing!

permalink
report
parent
reply
19 points
*

Be fair, it did take a long time to undo all that…
He’s been back in office an astonishing two months. That’s a lifetime!!

permalink
report
parent
reply
8 points

Don’t give me hope

permalink
report
parent
reply
4 points

I keep saying that but a lot of people that just like to be contrarians (I guess?) keep saying that the economy was not really good at all.

permalink
report
parent
reply
1 point

It wasn’t really good, but now it’s getting really bad, for everyone.

permalink
report
parent
reply
5 points

He also had friends and allies all around the world. He’s undone that too.

permalink
report
parent
reply
173 points

Time for the rich to buy stocks on discount.

permalink
report
reply
75 points

Assuming the US can recover…

permalink
report
parent
reply
68 points

Normally Trump does what’s best for the ultra wealthy, but de-dollarization of the world economy appears to be good for nobody in the USA. I have no clue what they’re trying to do, I suspect he’s just lost it and there’s nobody left to tell him these tariffs hurt his croneys too.

At this point I wouldn’t be surprised if we’re already too far along to save the dollar’s position globally. Globally that’s probably a good thing, but for any of us in the US it’s decidely not.

permalink
report
parent
reply
58 points

I have no clue what they’re trying to do

They published it online. project 2025. They straight up told you what they’re going to do. Add in pooty, whose goals align a great deal, and that’s it. How do people still not get this, they told you what they’re doing.

permalink
report
parent
reply
26 points

As confusing as it is this does still all fit into Theil’s plan to isolate the US in order to create a corpo-fascist state and bring back apartheid.

permalink
report
parent
reply
9 points
*

with this move they seem to want to stop the rich from paying taxes and replace them with tariffs. the poor will end up paying them.

he hinted at it a few times. to be clear, i think its still dumb as fuck but here it is.

permalink
report
parent
reply
3 points

I have no clue what they’re trying to do

Treason.

Pig Boy thinks he’s Napoleon, but he’s actually dry rot fungus.

permalink
report
parent
reply
4 points

Russia wins…

permalink
report
parent
reply
15 points

If it doesn’t, the rich will still be fine. Unlike most Americans, they can diversify outside of the US.

permalink
report
parent
reply
28 points

Idk, when do they buy? This shit has to go way more south before our dear great leader decides to undo the tariffs, right? And if he doesn’t undo them, when would it go back up? We’re still in a race to the bottom…

permalink
report
parent
reply
17 points

Knowing Trump’s irrationality, he just wants to erase all the market gains from when Biden was in office. That means he’ll keep at it until the DOW looses another 10,000 points or so.

permalink
report
parent
reply
2 points

Well I just bought some inverse SP500 x3 ETF so I’ll hold onto that until we reach the new great depression

permalink
report
parent
reply
3 points

Even if he does undo them there’s no telling when he’ll put them back in place again on a whim. Everyone abandoning the market isn’t going to come back unless Trump gets Epstein’d or Luigi’d.

permalink
report
parent
reply
3 points

I lost a lot of money today, but I’m still up from 6 months ago.

This is going to last a long time and the recession is when they’ll buy.

permalink
report
parent
reply
5 points

It’s good for them when they can buy other people’s stock at fire sale prices, it’s less good for them when their own stock is reduced to fire sale prices.

permalink
report
parent
reply
6 points

And it isn’t good for them if stock growth doesn’t happen because American companies lose market share.

permalink
report
parent
reply
6 points

It’s only a concern if you need to sell during the downturn.

permalink
report
parent
reply
2 points

Hopefully the market can remain irrational longer than they can remain solvent.

permalink
report
parent
reply
-2 points

That’s not how it works. Stock prices don’t fall below the level that rich people are willing to buy them at, specifically because rich people buy them at that level.

permalink
report
parent
reply
1 point

Or they can all be in on it and collude to buy once the stocks fall to their target.

permalink
report
parent
reply
102 points

The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

All is going according to plan.

permalink
report
reply
35 points
*

Its Russia in the 90s all over again. Must be a coincidence that the Russian mafia-turned-regime they’re so chummy with, got its foot in the door and secured its power through an almost identical move.

Im wondering if America will have its equivalent of the 1999 Apartment bombings.

permalink
report
parent
reply
3 points

…what were those

permalink
report
parent
reply
5 points
*

False flag attack orchestrated by the FSB of. The orders of Putin when Putin was still officially Boris yeltsins second in command.

It was used to justify breaking the truce with thr chechen separatists. And start a new war.

It is often cited as the main incident that allowed Putin to seize power in Russia. Yeltsin was dreadfully unpopular. Putin made himself look strong by playing the role of the patriot who was going to flatten the terrorists for what they did.

It was all a scam. Everything Putin has ever done has always been a scam

permalink
report
parent
reply
14 points
*

Even the wealthy have to think about what is happening right now. To have their company’s value go to shit overnight isn’t winning him any fans.

permalink
report
parent
reply
2 points

I think a lot of them are ideological psychos. Saw an interview with Forbes magazine founder, and he’s giddy about these tariffs because he thinks they’ll enable tax cuts. I don’t think he cares if his shares tank or whatever, as long as he doesn’t have money “taken away” from him to help the poors.

permalink
report
parent
reply
13 points

A lot of people might decide to violently resist such an eventuality. Things can quickly go off the rails.

Remember that despite the rule of law no longer applying to the rich and powerful, the laws of physics continue to apply.

permalink
report
parent
reply
7 points

A lot of people might decide to violently resist such an eventuality

I don’t see a lot of evidence to suggest that’ll happen.

permalink
report
parent
reply
3 points

No, that wasn’t the point.

There were 2 goals:

  1. Cut spending to 0 so they could cut taxes (cap gains to 0)

  2. Isolate the US from the rest of the world, this is what Putin cares about the absolute most. If we’re out of the way he sees Russia as unstoppable (which is stupid, they can’t beat any country with functioning tractors).

permalink
report
parent
reply

News

!news@lemmy.world

Create post

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.

Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.

Posts must be news from the most recent 30 days.


6. All posts must be news articles.

No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.

If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.

The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

Community stats

  • 19K

    Monthly active users

  • 26K

    Posts

  • 649K

    Comments