Time for the rich to buy stocks on discount.
this post was submitted on 03 Apr 2025
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Assuming the US can recover...
Normally Trump does what's best for the ultra wealthy, but de-dollarization of the world economy appears to be good for nobody in the USA. I have no clue what they're trying to do, I suspect he's just lost it and there's nobody left to tell him these tariffs hurt his croneys too.
At this point I wouldn't be surprised if we're already too far along to save the dollar's position globally. Globally that's probably a good thing, but for any of us in the US it's decidely not.
I have no clue what they're trying to do
They published it online. project 2025. They straight up told you what they're going to do. Add in pooty, whose goals align a great deal, and that's it. How do people still not get this, they told you what they're doing.
What does Project 2025 have to say about tariffs?
Project 2025 is split on the issue of foreign trade.[109] Mandate author Peter Navarro advocates what he calls a fair trade policy of reciprocal, higher tariffs on the European Union, China, and India, to achieve a balance of trade, though not all U.S. levies are lower than those of its major trading partners.[126] On the other hand, Mandate author Kent Lassman of the Competitive Enterprise Institute promotes a free trade policy of lowering or eliminating tariffs to cut costs for consumers, and calls for more free trade agreements.[126] He argues that Trump's and Biden's tariffs have undermined not just the American economy, but also the nation's international alliances.[117]
The first guy won apparently.
Right, he did, but here's my point: Project 2025 doesn't actually come out clearly for or against tariffs. So in so far as "they wrote it all down in Project 2025 and told you exactly what they're going to do", that's just not the case for tariffs. And even the guy in favor of tariffs wasn't talking about such broad and strong tariffs all at once.
In other words, this is Trump's plan on his own.
Yeah, that's just Trump. He likes to be vengeful and a bully, using tariffs like a stick to beat others info submission. But he doesn't seem to know when enough is enough.
I think it’s more to the point to say he’s trying to destroy America, period.
It’s what Putin has been using his puppet for this whole time.
America falls apart, Russia gains.
As confusing as it is this does still all fit into Theil’s plan to isolate the US in order to create a corpo-fascist state and bring back apartheid.
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If it doesn’t, the rich will still be fine. Unlike most Americans, they can diversify outside of the US.
Idk, when do they buy? This shit has to go way more south before our dear great leader decides to undo the tariffs, right? And if he doesn't undo them, when would it go back up? We're still in a race to the bottom...
Knowing Trump's irrationality, he just wants to erase all the market gains from when Biden was in office. That means he'll keep at it until the DOW looses another 10,000 points or so.
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He inherited a growing economy, a healthy stock market and low unemployment. He has undone all 3. Power move!
Be fair, it did take a long time to undo all that...
He's been back in office an astonishing two months. That's a lifetime!!
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There's always a tweet.
This is apparently a fake tweet. An archive of the actual tweet corresponding to that datetime is here.
Looking at that archived Tweet, I forgot what it was like for Twitter responses to not be unhinged
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The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.
Its Russia in the 90s all over again. Must be a coincidence that the Russian mafia-turned-regime they're so chummy with, got its foot in the door and secured its power through an almost identical move.
Im wondering if America will have its equivalent of the 1999 Apartment bombings.
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Even the wealthy have to think about what is happening right now. To have their company's value go to shit overnight isn't winning him any fans.
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A lot of people might decide to violently resist such an eventuality. Things can quickly go off the rails.
Remember that despite the rule of law no longer applying to the rich and powerful, the laws of physics continue to apply.
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Hahahaha... Fuck.
I mean, it’s only fuck if you’re in the stock market.
I mean, anyone with a 401K is in the stock market.
Which is why 401k is a scam.
It's still basically most people's only hope for retirement. And represents a large portion of the compensation they are literally working for day after day.
Especially with the history of constant cuts, and current gutting of, social security.
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Down 3,163.27 since inauguration.
Do you think Trump, Musk and their oligarch insider friends maybe, just maybe, opened short positions on a bunch of stock ahead of the new tariff announcement?
This is my thought exactly.
I watched Steven Colbert yesterday saying that this large of a fuck up is proof there is no deep state. While I get his point, I disagree. If there is someone in the shadows pulling strings this was the intended outcome.
It's pretty well known that in trading markets, there's almost always something that goes up when everything else drops like a rock. Even as such, moving money to be liquid right before a steep drop off, then buying up all the formerly high-value stocks at bargain basement pricing, and just waiting for the rebound, is a legit strategy. Having foreknowledge of such an action is considered insider trading however. Realistically, insider trading is difficult to prove unless the perpetrator is an idiot.
Whether you call it the deep state or the 1% or oligarchs, or simply "rich assholes", if you believe there is a group orchestrating things, then you beat believe this was the intended outcome.
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His MAGA fans likely don't have anything in the market, or they don't think they do, so they think this won't affect them. They are in for a rude awakening.
No they are all over invested in the market. The techbros. The effective altruists. The boomers and anyone wealthy. They voted for Trump to pump their bags and dont care about anything else. Only the dirt poor maga aren’t baws deep.
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My 401k today is $520 less than what it was Jan 21st. I put in almost $600 every 2 weeks.
That's a good chunk of change that just disappeared. I can only imagine how much someone with a bigger retirement account than I have is hurting.
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Old stock trader wisdom: don't catch a falling knife.
You don't know how low things can go. We're merely 100 days into the Trump presidency.
It's not even 100 days... 73 days since Jan 20th
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And yet people still felt the need to vote for him
I'll never understand this country....
And people still thinks he is playing some sort of 4D chess. My friend in Georgia mentioned that people around her says Trump is creating a dip, so that federal reserve will lower interest rate.
Yes, because president can fire tons fedral workers, can send secret police to abduct people, but cannot control the federal reserve, and have to play stagnation or bust.
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I was considering trying to cash out my 401k and ira in the US (I bought my first house and I think that's one of the allowed cases), but hadn't worked out the details yet. Guess that's not happening right now. I no longer live in the US and will probably renounce citizenship once my parents go.
I looked at my other investments this morning based on this post and.... Lol. Granted, I only one a handful, but it still hurts. My stock that was worth only like 40 cents moved up 5+% so yay for that, I guess.
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They voted for this. We all have to be onboard for the crash.
*Trading partner tariff rate is calculated by the White House to include "currency manipulation and trade barriers."
This needs to be way fucking bigger than a tiny light grey caption under the image, AP. "Trading partner tariff rate is pulled directly out of the administration's collective rear end"
1500!!!
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