Bear in mind that a tanked stock market benefits the ultra-wealthy that have liquid assets. They buy up everything they can at fire sale prices and hold until things stabilise and recover. They have so much discretionary spending power they can afford to take those risks, unlike 99.9% of people.
Way to go FOTUS, 1st President to tank an economy and destroy democracy in under 100 days. I am sure you will be discussed in college history classes in the future. An entire chapter, The worst President or Leader in the entire World of all time.
Is it odd that the speed with which T is tanking everything makes me worry that the Dems' won't learn that they need progressives and then will not make important policy changes?
Respectfully, the situation is much worse under this incompetent admin bc they inherited a strong economy from Biden.
Obama & Biden BOTH inherited crashing US economies they had to recover from.
IMO Biden was handed a more dire/grave situation bc of the Pandemic & Global Economics crashing.
When Truss did this in the UK, they quietly led her off to pasture, and put someone who’d read the first chapter of a high school economics textbook, in her place.
Why don’t the #republicans do the same? Because they abandoned their morals long ago.
On January 6, 2018 Trump tweeted "Actually, throughout my life, my two greatest assets have been mental stability and being, like, really smart.... I went from VERY successful businessman, to top T.V. Star... to President of the United States (on my first try). I think that would
Republicans are all for the unemployed… the more unemployed, the better. Working class people who vote for Republicans, will only understand this when they’re standing in line with a 1000 other job applicants, for 25 job openings… and even then, most of them still won’t get it.
So the Russian stock market is up 7%.
But the Russian bank rate is 21% and inflation's even higher, so isn't the Russian investor actually losing purchasing power even faster than the USA one?
If we're comparing that with the stock market in the first 50 - let's make it 60 - days, that's 2 months. 21% annual is roughly 3.5% over two months, so if the Russian market is up roughly 7% in 60 days, that's up 3.5% in real terms.
He is tanking the economy on purpose. Read project 25… tank the economy, make the American dollar worthless, force ppl to use Bit coin as currency… then the GOP can hide all their nefarious deals and Trump gets rich on his Bit Coin.
The most ludicrous thing is that Bitcoin can't be used by more than maybe a few thousand people at regular transaction frequencies before it hits a rate limit.
The second most ludicrous thing is that every transaction is permanently archived, and with some (computer-aided) detection work can often be traced after the fact. People who thought Bitcoin hid their transactions have gone to jail years later.
This isn’t true, well the base layer is going to have issues with many transactions but L2 options are coming in multiples at this point. CashuBTC for example even allows for offline transactions.
Think of it like the internet, the base layer (protocol) is TCP-IP, everything else (other protocols) build on top of that, FTP, HTTPS, email etc. Privacy options, offline transactions, fractional sat transaction fees, things like that come with subsequent layers. Look again, check out Nostr.
The extra layer makes it LESS suitable in key respects than other currencies, not more, if only because it increases latency and the attack surface for fraud.
And BitCoin's underlying and UNPREDICTABLE latency is already a disqualifying flaw in its own right.
The actual result will be the world will choose another fiat currency as the standard, Macron has already suggested the Euro, and the US will be left with worthless crypto and a broken economy.
Most don't get it yet that the plan is to execute the book completely and these stooges in office are just a vessel to obtain it or else they would not have so many of them in the cabinet, after that we will have a CEO board of directors type government that control every aspect of our lives.
They want to move social security to the private sector so your retirement plan would be based on the stock market same as all these 401k’s that are currently bottoming out. Social security is a trust & there used to be pensions that didn’t rely on stocks.
We all told them this would happen. None of them listened. They thought, "Nah, someone will talk him out of the really crazy stuff." We told them he wouldn't have any guardrails, nobody to slow him down this time.
And now they're too scared to admit they made a mistake and oppose him.
It’s the best ever, probably better than all other presidents combined, maybe awesome. But it’s crooked Hillary’s fault and the Main Street media. Yeah, I know him, a great guy.
And still, a third of all Americans think hes doing a great job. Who are these people? In 2 months America has lost hundreds of billions, the respect of its allies and the country is on the path to Civil uprising. Even if Trump disappeared now, it'll take at least 2 decades, to recover.
All the middle income folks that invested for retirement or are using dividends to make ends meet. What an amazing system where one man can ruin so many lives... And hundreds of elected representatives do nothing to protect those they represent.
The Republicans finally started listening when everybody was screaming to them that there is more to life than just making a number go up. Unfortunately the thing they found, which is more important to them is racism.
Comments
Pass it on, especially to your friends who you suspect voted for this clown
Oh, what? it's harder for you to remove a crap leader? Oops, sorry!
Obama & Biden BOTH inherited crashing US economies they had to recover from.
IMO Biden was handed a more dire/grave situation bc of the Pandemic & Global Economics crashing.
Why don’t the #republicans do the same? Because they abandoned their morals long ago.
#FollowMe
(Source: Wikipedia)
You might want to study how all this works.
Also, here is the NASDAQ chart back to 2014:
But the Russian bank rate is 21% and inflation's even higher, so isn't the Russian investor actually losing purchasing power even faster than the USA one?
The extra layer makes it LESS suitable in key respects than other currencies, not more, if only because it increases latency and the attack surface for fraud.
And BitCoin's underlying and UNPREDICTABLE latency is already a disqualifying flaw in its own right.
Is liberating us from our money 💰 🥴🤦🏼♂️
And now they're too scared to admit they made a mistake and oppose him.
General Strike! Sign the card! https://generalstrikeus.com/strikecard
Now can we get rid of him?