• @PunkRockSportsFan
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    1381 day ago

    These people pretend to be out of touch.

    They just don’t care.

    They’re buying time to steal as much as they can for as long as they can.

    • @aaron@lemm.ee
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      2224 hours ago

      What do they care about though? This seems deliberate, right? Who’s benefiting from economic collapse? Things you should be asking.

      • @whirlpoolbrewer@lemm.ee
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        13 hours ago

        The working class and middle class will continue to work and provide value to investors, because they have to. No work means no food, no home, so people will continue to work and investors will still have that value coming from the working and middle class. Their lives will suck, but that’s not a rich person problem. Ideally, for the rich, the working class and middle class will sell off their assets at fire sale prices so that they can survive and the rich will get valuable assets on steep discounts. Homes that foreclose will be bought up and renters will be put in them and the return for investors will be incredible.

        Recessions are when rich people get much wealthier in a short period of time. This is deliberate and the rich will be using their money to “invest” while the working and middle class produce more value for investors at their jobs and sell their assets to the investors.

        There is no such thing as a recession being bad for the wealthy. The only thing bad for the wealthy is taxes and regulations. Even if their net worth drops, it only drops on paper temporarily and as long as they don’t sell while the value is down it’s like it never happened. If it ever gets really bad that’s when companies are then deemed “too big to fail” and the government bails them out.

        It’s intentional and they’re all excited about the recession.

      • @barneypiccolo@lemm.ee
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        14 hours ago

        Putin. Its always Putin, using Skum and HitlerPig as his muscle.

        When will people truly internalize that the two biggest foreign Sociopathic Oligarchs, have partnered up with the most prolific traitor in American history? None of them have any loyalty or patriotism toward America, and only see us as a big, rich, fat, lazy target to be ruthlessly exploited and looted, and it’s happening in real time before our eyes.

        • @rottingleaf@lemmy.world
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          014 hours ago

          Putin is like Australopitecus or a Neanderthal, not all Neanderthals lived in Neanederthal, not all Cromagnons in Cromagnon.

          It’s a kind of people, thieves evolved enough to steal a country, but not further. It’s our time’s game, how is that problem going to be solved. They themselves don’t see any global problem, only local ones of keeping power and getting more and disposing of those trying to prevent it, and in general doing what they want.

          But yes, they desperately hate equality of rights and transparency and distribution of power, and of course Trump is partially a project of others such.

          This doesn’t matter, it’s an infestation, one particular cockroach is called Putin, but there are many others procreating.

      • mosiacmango
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        24 hours ago

        You can make money betting the market will go down.

        It’s entirely likely these ghouls have bet hard on the downturn they have created. They knew exactly when it would happe and how extreme it was going to be. Keeping it going down just makes them money.

        • @barneypiccolo@lemm.ee
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          614 hours ago

          People seem to forget that he’s done this each month since he was inaugurated. He threatens tariffs, the market plunges, he makes an excuse to postpone the tariffs, and the market rises again. In between, the wealthy are cleaning up.

          By the end of the weekend, they were claiming that countries were calling and begging to negotiate. My prediction is that by the end of the week he will be postponing many of the tariffs, except for countries who are big meanies to him.

        • @teawrecks@sopuli.xyz
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          112 hours ago

          The thing I’ve been wondering about is, to what extent will they try quantitative easing and/or bailouts, as was the 2008 strategy. I don’t think trump will endorse QE, but I think it’s possible the establishment of the crypto reserve is so he can bail out his buddies. But instead of saying “I’m bailing out these billionaires” which wouldn’t play well with his base, he’ll say “I’m using USD reserves to diversify investments into crypto”. Which pumps whatever coin he chooses, after which all his buddies dump on the taxpayers.

          • Avid Amoeba
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            923 hours ago

            Buddy, everyone I know exit the market at the end of January. Some are riding the downtrend with SQQQ as we speak. And these aren’t professional traders with insider knowledge of when Trump would flip or flop. Those who have it have made a killing and would make yet more.

      • FiveMacs
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        2324 hours ago

        Youll see when they start buying all the low low stocks then reverse their tariffs to stabilize the system.