wall street is going down… so what?
will any of these ghouls be made homeless or is it all anxiety for them?
Petty boug definitely has been hurt badly by this. I don’t know how it’s all gonna play out but I definitely think this might end up being another 2008 situation, except at the beginning of Trump’s term, as opposed to the end of Bush’s term.
I feel like small-r republicans (constitution enjoyers, people who would like to see the US institutions persevere and the facade of liberal democracy preserved) have gotten very lucky in the past couple of decades. Every time things blow the fuck up in this country, it has been within arms reach of an election, giving tens of millions of people an outlet for their discontent and allowing the crisis to effectively be blamed on the outgoing administration. We’ve got a wild three and a half years ahead of us if shit starts spiraling now.
I was thinking about it, and I think the only way they are harmed by the tariffs are if they are successful. If manufacturing was reshored to America, this would cause a massive swing back to industrial capitalism. With it, would come a kneecapping of financial capitalism, especially real estate speculation. Then of course there would be unions, a labor movement, etc etc.
Unfortunately, the rich will simply ‘buy the dip’ and make their money back and them some when the tarriffs go away. After draining workers’ 401ks.
Comrade, someday all the dollars will turn to dust.
Fiat currency relies on belief.
The ultra rich are putting the squeeze on the petty rich and they’re gonna snatch what they ring out. The poor will bear the brunt of the economic instability and the most precarious will be left behind. It’s a cruel calculation. Idk I’m just spitballing here of what evil logical people would be doing
Wall Street went down because the rich got out while the getting was good.
Only if
