Asked my smart economist friend about how #TrumpTariffs help Americans or even the rich, because I couldn't see it, and he said, "It doesn't. He's destroying stuff. It doesn't benefit anyone...except our enemies."
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Is the Trump-Putin dream to form a Great Northern Empire starting with US annexing Canada, Russia getting Ukraine and continuing Westward to at least restore the USSR...and probably beyond? They will then rule as a modern day duumvirate.
Probably benefits existing USA manufacturers who have a strong internal supply chain, probably benefits those who have stock in such companies, in the long run ( we will all be dead) could benefit American workers, could benefit those with existing leases for internal natural resources
Exactly.. they are gonna wreck everything, leave a huge mess and then all flee to Russia... While we all stay vulnerable, have no military, a broken dollar and everyone trusts no one...
Exactly. What’s going on? Why would the police help the FBI enter a private building illegally and then the invaders take the actual building for themselves?
Why?
It also helps the rich - be it domestic or foreign - in their efforts to gain further power and control. When the economy tanks (like it ALWAYS DOES under Republlican administrations), the rich swoop in & buy up distressed assets.
And wealthy Americans can afford more of the limited U.S. made products.
They'll still take some hits before swooping in to pick the carcass clean, no doubt, but nothing like the pain that the middle and lower classes will suffer.
It will tear America apart, destroy companies like Boeing and Caterpillar, or really any American manufacturers or service organization that is dependent on foreign revenue.
I did the math on my AbacusAI, genius device, everyone should have one, it's a tariffic idea, 45% tax, will stop the Ch-eye-knees exporting all those viruses to the US, should have thought about it before, no need for vaccinations, must tell Rob Kennedy, will make his day!
Trump is all about Trump. There is nary a thought, let alone a thought or action that is not self-interest or self-dealing. He is a felonious criminal occupying the highest office in our land. Sad state of affairs. April 5th is coming!
This is all good and well. But Trump voters think it’s 4D chess to bring back mfg and the ExternalRS. What’s the counter message? Besides tariffs are dumb. History lessons don’t work either. I’m at a loss.
We will see. I live in Sweden and the Swedish krona is stronger to the US dollar.
The Trump administration bring in money to fund the promised tax reductions and future expenses.
But in general, and included the 1% super rich, all will loose. Swedish big bank predicted 50% more lost of Tesla stock.
I haven’t taught econ since the nineties but I believe the consensus remains that the Great Depression began with tariffs sparking a global trade war that shrank the world economy by 66%.
It’s stunning. Why is it happening? Who benefits? Whats next? Trump has created a toxic America. It’s hard to see the logic behind it. Perplexing? The story is just beginning, I suspect.
Even those of us that think some part of 'disaster capitalism' can allow hyper rich to hoover up assets in downturns, the % he listed today are absurd and primarily will only exist to brutalize our otherwise strong economy. We are all about to get hammered if Congress doesn't stop this shit.
He is going to sell tariff waivers to the highest bidding corporations in the U.S. So it will benefit Trump immensely. Also, tariffs are a regressive consumption tax. It will only be a mild inconvenience for the rich, while the poor who spend almost all income on consumption will be devastated.
This is it in a nutshell. People need to stop trying to find the normal/financial angle and start to see this as a con. It is the only way it makes sense.
There won’t be any inconvenience to the rich at all. Especially since they will get a tax cut when we don’t need it while firing federal workers. Sick and not a way for a government to treat its own citizens. Overthrow the trump regime.
& why is NO ONE saying this?
The US gov doesn't pay tariffs 2 ANY foreign country! The tariffs R paid by the IMPORTING COMPANY in the country that buys products from US companies!!!
(just like the companies in the US are who pay the tariffs R country places on products imported from other countries)
"You know what solves it? When the economy crashes, when the country goes to total hell and everything is a disaster. Then you'll have a, you know, you'll have riots to go back to where we used to be when we were great."
Trump is a Russian asset. Everyone keeps skirting around the issue, with the media continually framing his decisions as a mystery: "Why would Trump do XYZ when it hurts the US?"
It makes perfect sense when you ask the same question, but the beneficiary is Putin.
#tRump is using #Tariffs to bankrupt government orgs, small businesses, and property owners so oligarchs can swoop in and buy everything for pennies on the dollar.
If you consider the 1% enemies yes,..
EVERY TIME the GOP crashes the economy, their insider 1%er Cronies get a heads up & position themselves to sell & short for maximum profit. Competitors fail, they buy up their market/assets/holdings for FRACTIONS of pennies on the dollar, & they just get richer.
It’s the Russian oligarch playbook. Crash the economy, watch everything go into a death spiral, Elon Musk, Jeff Bezos and Peter Thiel buy up distressed assets at rock bottom prices
Trump admin goals: frustrate US alliances, sully the US international image, collapse US Federal government, crater the US economy, turn the US into a pariah state, kindle illness & death, undermine science & critical thinking skills, foment civil war, if possible, leave US in ashes for generations.
If you think implementing economic policies that hurt regular folks but help our enemies is bad - DO SOMETHING this Saturday April 5 by joining a Hands Off rally near you. There are over 1000 locations in the US. Find one at https://www.mobilize.us/handsoff/map/
It's just an expression of his Narcissism. He needs 'his power' to inflict suffering to be felt by everyone all across the globe. Then he can be 'magnanimous' in granting exemptions to countries and corporations who kiss up to him. It all feeds his megalomania.
It puts money into the US treasury in the short term (which he will steal somehow), punishes all non-rich Americans (whom he despises), and pisses off the world leaders (who laughed at him).
Project 2025 wants total dismantling of government and chaos so they can rebuild government to their liking: a White extremist Christian nationalist nation.
It allows trump to leverage exceptions and loopholes for specific industries, sectors, and businesses so he can further enrich/entrench himself. It's weaponizing tariffs for corruption and it benefits trump, just like everything else trump does.
The only way it makes sense is thru prism of Trump’s narcissistic injury - the narcissist seeks to control the object (America) by cutting it off from all external sources of reality, strength and independence so that we can rely only and exclusively on him for our wellbeing. We need to wake up
The truth is revealed Trump & MAGA /GOP is a Russian psyops operation,. Russia/Belarus have NO TARIFF! Military must stand up, because GOP is compromised. Russia IS A FOREIGN ADVERSARY. DONALD TRUMP IS WORKING FOR PUTIN SHOULD BE THE ONLY THING BEING DISCUSSED. Discuss the Putin economy!
He's putting blanket terrorists so that 1 by 1 He can extort loyalty from companies and businesses who want relief from them. He'll relieve theirs if they do his bidding.
Your economist is a moron. Tariffs cause uncertainty in the markets. And the rich are positioned to sell stock when high, and buy stock when low... making them millions of dollars. The rest of us can't do that!🤨😡🤬
And NO ONE knows where all the money has gone. ELUMP has cancelled THOUSANDS of contracts worth MILLIONS of dollars. Where is the money? Where has it gone? No one knows. Where is the fucking money?
I think Elump is sending it out of country. Maybe to Russia?
That is because there isn't trade, and there are existing restrictions. Belarus and Nth Korea were also missing.. I think Canada and Mexico as well.
Plenty of smoking guns.. but this isn't it..
Well, the billionaires will continue to get what they want!... Plenty of money for that!... 🤷♂️
The fact they're "countryless", moving from one country to another, as locusts, make them "don't care" individuals...
All the rest of Humanity?... Embrace ourselves!... 🤬
That explains so much. Everything he has done feels like he just hates America. And that combined with not imposing taxes on Russia, Belarus or North Korea, it's almost a confession that he's with them.
Exactly, our enemies are his friends. He is on Russia’s side. That is how everything makes perfect sense. He is a traitor, a criminal, and overall the worst
"A stupid person is a person who causes losses to another person or to a group of persons, while himself deriving no gain and even possibly incurring losses."
Carlo M. Cipolla, "The Basic Laws of Human Stupidity" (1976)
A long time ago someone- probably the Russians - convinced him that America was being taken advantage of by its allies, that America was a sucker. This belief turned into an obsession, which has only gotten deeper over time. It’s all now exploding into sheer destructive rage.
Trump thinks this will make everyone come crawling to him cap in hand saying 'Please sir, could you help us..." and he will be able to tell them all how to run their countries too. He wants to be World King. He doesn't know anything about history though, including why the US was created...
This isn't the first time Trump thought he was smarter than the experts, and it will not be the first time he is proved wrong. The only difference is that this time he is gambling with the world economy.
Ask him about relative wealth. if the poor in our country are hit harder than the rich, even if the rich are made poorer relative to the worldwide economy, they may feel wealthier and in fact may be wealthier, if their purchasing power within the US increases relative to their worker-bee brethren
Putin wants chaos in America - and for it to affect elsewhere- notably Europe. . So did Khrushchev - he predicted and they planned for it. Trump was the perfect choice. For them.
He is the perfect choice for chaos and destruction.
Putin wants the Western oligarchs to leave his country alone. The US and EU want to steal Russia’s resources. It’s the same reason Napoleon, Hitler and now NATO have always wanted to invade Russia. Russia has 1/20th the GDP of the US. It is absurd to think it capable of even half the stuff ppl claim
Exactly, it’s the only feasible explanation as to why trump is doing this. Putin has some sick pictures of trump if he controls him so much. And trump was acting when he said he is pissed at putin. That was a made up thing between trump and putin to make people think trump isn’t under putins thumb!!
And, in the process, he is making more enemies for America. Don't think Canada will open its arms when the tyrant is deposed. The enmity is going to last because we are, among other things, a people who know how to nurse a grudge. And it will be thus everywhere.
Yet those so-called finance guys in Trump's Criminal Enterprise are telling us they are the best thing since sliced bread
Is this the "hurt" Musk promised us?
This is the plan. Crash the economy so that the oligarchs can then buy it up for pennies to the dollar. This is yet another massive transfer of wealth. It’s going as planned
Good question. The inaction of so many in the face of months of gross Constitutional violations suggests the entire party may be beholden to Russian and other oligarchs.
They certainly are violating their oaths of office by standing by while our country's assets are being dismantled.
“Tariffs are bad!” scream economists,
To a big laugh from epidemiologists.
“So you’re angry folks ignore your speech?
We felt the same about injecting bleach!”
Ah, but what if you know it's coming & the damage it will do? Wouldn't this be a great time to make a killing with fire sale prices? Especially if you've shorted stock in advance.
Speaker Mike Johnson suspended House business & virtually fled this week **because of the trade catastrophe**. The remote/proxy voting debate is charade & diversion. DON’T LET CONGRESS HIDE FROM THIS. We’re begging anyone to *confront* Congressional Republicans about the tariffs
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Why?
Also remember authoritarians need economic desperation to control the population.
"Never let a crisis go to waste" is their slogan!
Trump is bringing back Poverty
LEAD TO #TRUMPCESSION which becomes
#TRUMPDEPRESSION
CONGRESS CAN STOP THIS. Will they?
No one is safe
They'll still take some hits before swooping in to pick the carcass clean, no doubt, but nothing like the pain that the middle and lower classes will suffer.
https://lokiexcelsiorsmith.substack.com/p/american-gulag-4-raging-bull-in-a?r=fd4u4
He committed an economic sin by cutting taxes in a booming economy the first time.
You learn that first semester econ. All of this was predictable.
Those pee tapes must really be something.
The Trump administration bring in money to fund the promised tax reductions and future expenses.
But in general, and included the 1% super rich, all will loose. Swedish big bank predicted 50% more lost of Tesla stock.
Now, somehow, we are the bank.
It benifits Trump.
And those who sold their covetious souls to greed.
Trump WANTS a depression
Wealthy people prosper more when everyone else suffers
Because they have money they can buy up real estate, businesses, machinery etc being liquidated in bankruptcies etc
The additional wealth they can grab during a depression can last GENERATIONS
Really, all the analysis can be boiled down to this.
Supreme Court: Yep, that checks out. This man is above crimes.
The US gov doesn't pay tariffs 2 ANY foreign country! The tariffs R paid by the IMPORTING COMPANY in the country that buys products from US companies!!!
(just like the companies in the US are who pay the tariffs R country places on products imported from other countries)
-Donald Trump, Fox News interview, 2/14
It makes perfect sense when you ask the same question, but the beneficiary is Putin.
He litteraly announced tariffs on FUCKING PENGUINS 🤣
EVERY TIME the GOP crashes the economy, their insider 1%er Cronies get a heads up & position themselves to sell & short for maximum profit. Competitors fail, they buy up their market/assets/holdings for FRACTIONS of pennies on the dollar, & they just get richer.
🧵
Some are still hanging on to Amazon even as it surpasses Walmart and is looking to buy TikTok.
Resistance is rarely convenient.
Who actually wants to take down oligarchs?
#WhiteSupremacy is a helluva drug
#Murica
I think Elump is sending it out of country. Maybe to Russia?
Follow the money!
The money from the tariffs can be used to offset tax cuts for the super-rich.
So it benefits both the enemies of the US and the super-rich oligarchs that are running the show.
Plenty of smoking guns.. but this isn't it..
The fact they're "countryless", moving from one country to another, as locusts, make them "don't care" individuals...
All the rest of Humanity?... Embrace ourselves!... 🤬
Carlo M. Cipolla, "The Basic Laws of Human Stupidity" (1976)
Do me a favour? Ok, I’ll lift the tariffs.
https://youtu.be/vgEQeLR-M0g?si=wGrjqVWy5Arj0HO0
He’s been taking Russian and Saudi money.
They have trillions on hand, ready to buy.
Crash the US. Crater everything.
End all sanctions.
Russia and Saudi Arabia buy half of America for 43 DogeCoin and a nesting Russian doll of Trump and Musk eating each other.
That’s it. That’s all he’s got.
https://www.npr.org/2016/10/10/497087643/the-analyst-who-gambled-and-took-on-trump?utm_source=chatgpt.com
He is the perfect choice for chaos and destruction.
Having said that, the opposition must take some of the blame too for not holding the Government and President to account
the wealthy
the group that is really in control right now.
Project 2025.
🇨🇦✊🏼
Is this the "hurt" Musk promised us?
Not good.
They certainly are violating their oaths of office by standing by while our country's assets are being dismantled.
and bristling with Flags and Crosses (and help from Putin) we've done it to ourselves
“Tariffs are bad!” scream economists,
To a big laugh from epidemiologists.
“So you’re angry folks ignore your speech?
We felt the same about injecting bleach!”
The real FACTS …
#NotMyPresident #ImpeachTheMF #Resist #LiberationDay