- cross-posted to:
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- cross-posted to:
- [email protected]
Donald Trump spent his first 100 days back in the Oval Office driving an economy that the world envied to the brink of crisis, risking America’s reputation as a financial safe haven and fostering fear among voters who’ve lost confidence in his leadership.
Americans were desperate for relief from high grocery prices and bought into Trump’s promise to make America affordable again in November 2024, partly out of nostalgia for the pre-pandemic economy of his first term.
But the president deliberately and singlehandedly adopted policies that are almost certain to spike prices even more; that could lead to shortages; and that have CEOs and small businesses dealing with chaos and the possibility of a recession.
So here’s the fucking thing.
The crisis is already here. Go take a peak at the ports on the west coast right now. Go look at business forecasts.
This man systematically destroyed a working economy in a business quarter.
The repercussions of these actions are going to be felt for at least a decade.
They will be felt for the rest of the century.
Totally agreed.
These people literally are destroying the pre eminent power and completely usurping centuries old historical power hierarchies seemingly for the benefit of shorting the markets on their own whim.
As if those dollars they earn will be worth anything when hyperinflation hits.
Cash wealth is meaningless if you control all the actual assets. If you own all the houses, then you own all the houses.
They all fully understand this. Also they are well prepared for hyperinflation. Many people think that when the market has a massive crash they will finally own a house. Not true. The overwhelming majority of properties are already earmarked for pick up by the rich in that case. This is why boom/busts are important. They allow the rich to consolidate their wealth.
Relevant documentary