Genius move to lose $9 trillion of actual value to try to address a smaller trade deficit that isn’t an actual debt. 🤦‍♂️ #USpol #tariffs #TrumpTariffs #economy #economics - ThreadSky

davidaugust.mastodon.online.ap.brid.gy • 1 day ago

Genius move to lose $9 trillion of actual value to try to address a smaller trade deficit that isn’t an actual debt. 🤦‍♂️

#USpol #tariffs #TrumpTariffs #economy #economics

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xankarn.mastodon.online.ap.brid.gy•1 day ago

Haven’t pulled this one out since Brexit.

SRDas.mastodon.online.ap.brid.gy•1 day ago

@davidaugust the point not to fix perhaps but to (usurp) control over revenue.

davidaugust.mastodon.online.ap.brid.gy•1 day ago

@SRDas yup. musk/45 are willing to burn the world down if they think they'll get control of the ashes.

SRDas.mastodon.online.ap.brid.gy•1 day ago

@davidaugust I'd seen that Chris Hayes noted the funding control angle

https://thepit.social/@peter/114286392452534553

pixel.oldbytes.space.ap.brid.gy•1 day ago

@davidaugust his goal is not to reduce the trade deficit. that’s just the cover story. everything he does is in service of making the rich richer. tanking the stock market will create a new cohort of poor people that couldn’t weather the storm, and gives the rich the ability to buy stocks at a […]

mensabarbi.bsky.social•1 day ago

Wrong. You don’t speak for Trump.

The-Caretaker.urbanists.social.ap.brid.gy•1 day ago

@davidaugust
Trump's Agenda:
1. Do what Putin says.
2. Do what Elon says.
3. Crash the US economy and the US dollar so BRICS can replace it.

davidaugust.mastodon.online.ap.brid.gy•1 day ago

@The_Caretaker seems accurate and I kinda hate it.

mensabarbi.bsky.social•1 day ago

Trump is doing this on purpose as a deflationary major to bring down the prices of groceries that everybody keeps harping about. He’s also popping the bubble in the stock market the fake stock market propped up by Biden’s stupid policies. A short term correction will bring us all to a better place.

MugsysRapSheet.mastodon.social.ap.brid.gy•1 day ago

@davidaugust
Peter Navaro on one of the #SundayShows this morning ACTUALLY SAID:

"https://mastodon.social/tags/tariffs] would generate $6T in income [for the United States.]"

(Ignoring for a moment that the stupid SoB CLEARLY still doesn't understand how tariffs work)... THE MARKET *JUST LOST* $6T IN TWO DAYS! […]

mensabarbi.bsky.social•1 day ago

Trump is doing everything he’s doing on purpose.

cascheranno.hachyderm.io.ap.brid.gy•1 day ago

@davidaugust bad news… you’re gonna need to revise this brilliant meme daily until the Republican regime stops their fuckery.

GhostOnTheHalfShell.masto.ai.ap.brid.gy•1 day ago

@davidaugust

In all this massive stock market loss I want to remind people that billionaires have taken a huge hit to their so-called net worth, far more than any tax that would be imposed on them and I don’t hear any of them having problems feeding themselves or finding housing.

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