WanderingThoughts @ WanderingThoughts @europe.pub Posts 0Comments 45Joined 6 days ago
Nah, the big ones have their generous bailouts already guaranteed by Trump and the small fry doesn't have much influence to stop anything.
They'll keep saying it's still a good idea butt just barely executed for years. That's what happened with Brexit in the UK.
And they have been trained to hate government, science and experts.
"When goods don’t cross borders, soldiers will"
A man is flying in a hot air balloon and realizes he is lost. He reduces height and spots a man down below. He lowers the balloon further and shouts: "Excuse me, can you help me? I promised my friend I would meet him half an hour ago, but I don't know where I am."
The man below says: "Yes. You are in a hot air balloon, hovering approximately 30 feet above this field. You are between 40 and 42 degrees N. latitude, and between 58 and 60 degrees W. longitude."
"You must be an engineer," says the balloonist.
"I am," replies the man. "How did you know?"
"Well," says the balloonist, "everything you have told me is technically correct, but I have no idea what to make of your information, and the fact is I am still lost.
"The man below says, "You must be a manager."
"I am," replies the balloonist, "but how did you know?"
"Well," says the man, "you don't know where you are, or where you are going. You have made a promise which you have no idea how to keep, and you expect me to solve your problem. The fact is you are in the exact same position you were in before we met, but now it is somehow my fault."
U.S. stocks see biggest 2-day wipeout in history as market loses $11 trillion since Inauguration Day
Companies are going to lay off loads of people and close any department that costs too much just to increase the stock price again. For investors stock price is everything and they don't care much about consequences.
USA stock market crashing means the dollar is getting less worth compared to other currencies, so anything imported gets more expensive in the USA, what is most items. Things getting more expensive means less people buying stuff, less economic activity so more layoffs.
All those layoffs means people can't pay back there debt. Trump doesn't care about people in debt and somehow makes it worse. Banks get in trouble. Trump cares about banks and big businesses so they get bailed out. Taxes on everybody else increases to pay for bailouts.
To distract from all this, Trump starts challenging China and it leads to war. Marshall law is called and Trump starts funneling more money to the military making things even worse.
Then next Trump would just threaten with tariffs again until the labeling had been removed. Then he'll threaten again for their oversized cars. There won't be an end to this.
I love that in Cyberpunk 2077 they're is often a channel on called "just ads". Of course in pure cyberpunk style those ads can be horrific.
With these things, it's not a continuous collapse. It partially recovers, then falls down again a bit lower than before.
It's why we have monuments everywhere, memorials and a few national holidays to reminds us.
Inviting his friends from Russia no doubt.
The rest of the world starts building a new world order and economic system, one that will be a lot less advantageous to the USA than the one they just trashed.
In points, but not in percentage. At least not yet. But it sure seems to want to measure up to all major crisis and leave its mark.
"He was just being hyperbolic." they told themselves.
Nope, turns out he was "saying it like it is" about what he was going to do and the "I don't care about you" was the truth.
And the way he's talking about annexing other countries and changes opinion and policy on a dime is not a good sign to step into whatever scheme he finally unveils.
Rumour goes the idea is to force others to peg their currency to the dollar in fixed exchange rates so they can stay the reserve currency and still re-industrialize. Tariffs are used to force others into that arrangement. With how trustworthy USA has been the last few months, countries are not going to be enthousiast about this.
There is simple logic in it. Punish everyone, and then let them come to you asking for exemptions. Then he can demand things in exchange. After that it's "Pray I don't alter the deal any further."
UK already asked for an exemption and he said they should buy chlorinated chicken first. If every country responds in the same way and gives in he's making bank. If they respond with a boycott on anything American, especially digital services, things get bad.
It's also the guy saying next year will be the year of the semi, roadster, colony on Mars, robotaxi and what not. Truth has a restraining order against Musk because of repeated violations.
And that was the whole point of the tariffs.