If Trump takes over the FED, the US economy will go into an absolute tailspin and depression. The only reason inflation has been sort of brought back under control is the FED. Trump has no fucking clue what he’s doing on a monetary level and neither does any of his ghouls and cronies.
They know what they’re doing when it comes to funneling money into their own pockets, I agree here. But they’ll do it in such a hamfisted way, that it will bring down the entire house of cards, because they don’t understand or bother to understand the systems they’re pilfering. Though, this might very well be part of what they want to accomplish anyway.
the thing is that it will take a while for the market to react, so short-term, the dollar would still have value, giving trump infinite buying potential.
There is an economic theory called the J-curve.
The idea is that if you cut public spending whilst cutting limits to bank lending, the private sector will make up for the reduction in public spending.
J curve theory was popular in the 1970s, that period known for low inflation (/s).
There is a reason that gold is at an all-time high (~$3735). Even adjusting for inflation, it is higher than the 1980 peak following stagflation from the 1970s. Moreover, central bank purchases have been the backbone of the current gold market, with central banks now holding more gold than U.S. treasuries, something that hasn’t been the case since 1996. We’re witnessing the demise of the dollar as the world’s reserve currency in real time.
The US isn’t composed of geographically well-defined socio-ethnoc groups. There’s no bright line you can draw between Liberals and Conservatives, as evidenced by the number of “swing” states and the absurd lines you have to draw in order to gerrymander populations.
Lincoln was right. We’re a nation that can be one thing or another. But a divide will not stand. Trying to put Texas and California and New York and Florida into separate counties won’t work any better today than it did in the 18th century.
There is a world of cultural difference between NY residents, Texas residents, and Oregon residents.
There is a world of difference between Houston’s Third Ward, River Oaks, and Spring. Nevermind the difference between Sugar Land, The Woodlands, and Pearland. Or Austin, San Antonio, and San Angelo.
Where do you draw the line? Even Republican gerrymandering experts struggle with this question.
In fact, there’s about 5 distinct socio-economic regions in the US.
Guess which state has the largest population of Republicans. Now guess the state that donates the most to the GOP. Now guess the state whose residents make to the highest percentage of Trump’s cabinet.
Interest free money for the rich while the supply side of the house is incredibly fucked up, especially in key areas such as fucking food and shelter. What could go wrong?!
I, for one, look forward to the arrested development $15 banana costs after the hyperinflation kicks in!
If Trump takes over the FED, the US economy will go into an absolute tailspin and depression.
I think you’re completely underestimating what Trump taking over the FED could do.
he could literally print arbitrary amounts of money and spend them however he wants. it would basically make money meaningless, and we’d probably go back to trading goods-for-goods after a while, but short-term, it would give trump unlimited economic power and that is a very very very frightening thing.
it would basically make money meaningless, and we’d probably go back to trading goods-for-goods after a while
The barter system wasn’t ever a thing, Adam Smith was full of shit, and as long as the US government taxes us in USD, it’ll always be relevant to us.
I should go exchange all of my savings for a different country’s currency before the shit hits the fan, but I’m not even sure which country’s currency would make sense.
I think he knows what he’s doing, since all he’s really doing is stuffing his pockets. Doesn’t take a genius to cartoonishly sell out the entire planet’s economy for personal gain. I’m sure if he manages to crash the dollar he’ll be thrilled to roll out Trumpcoin as the alternative and then rugpull the world a second time.
he’ll be thrilled to roll out Trumpcoin as the alternative and then rugpull the world a second time.
for a currency to have actual value, some government with real (military) power must demand that currency via taxation. otherwise, at least theoretically, the paper currency has no actual value.
If Trump takes over the FED, the US economy will go into an absolute tailspin and depression
We’re already 900k jobs off the beginning of the year estimate. Add in the tech sector investment in AI failing to pay out 2-3 years later, and Trump’s been kicking the shit out of a wheezing horse since he took office.
Trump has no fucking clue what he’s doing on a monetary level and neither does any of his ghouls and cronies.
Lowing interest rates on the eve of a recession has traditionally been a smart move. Much better than the Bush/Greenspan '06 decision to raise interest rates as the housing crisis began to spiral.
But he’s plowing all this free money into a jobless crypto/tech bubble. Inviting enormous inflation in tech hardware and electricity, while these companies hemorrhage a bunch of jobs they have decided they don’t need anymore.
This isn’t just Trump. It’s an economy wide death spiral that Trump’s being bribed into fueling.
Yeah this is essentially the end of neoliberal capitalism. We discovered that removing market regulations just males companies invest in unsustainable, short term schemes. What we are witnessing is the end of the ouroboros.
Although an instrument of the U.S. government, the Federal Reserve System considers itself “an independent central bank because its monetary policy decisions do not have to be approved by the president or by anyone else in the executive or legislative branches of government, it does not receive funding appropriated by Congress, and the terms of the members of the board of governors span multiple presidential and congressional terms.”[
If Trump takes over the FED, the US economy will go into an absolute tailspin and depression. The only reason inflation has been sort of brought back under control is the FED. Trump has no fucking clue what he’s doing on a monetary level and neither does any of his ghouls and cronies.
they know what they’re doing. they’re lining all the right pockets. it’s just that they don’t give a fuck about anything else when it comes to ‘money’
They know what they’re doing when it comes to funneling money into their own pockets, I agree here. But they’ll do it in such a hamfisted way, that it will bring down the entire house of cards, because they don’t understand or bother to understand the systems they’re pilfering. Though, this might very well be part of what they want to accomplish anyway.
Doesn’t really matter how many dollars you dish out if the dollar isn’t worth the paper it’s printed on
But once the dollar is worthless, then we can start using $TRUMP as currency
it’ll either be cryptocurrency or hard currency like assets, goods, or maybe gold and such.
the thing is that it will take a while for the market to react, so short-term, the dollar would still have value, giving trump infinite buying potential.
No they don’t know what they are doing.
There is an economic theory called the J-curve. The idea is that if you cut public spending whilst cutting limits to bank lending, the private sector will make up for the reduction in public spending. J curve theory was popular in the 1970s, that period known for low inflation (/s).
There is a reason that gold is at an all-time high (~$3735). Even adjusting for inflation, it is higher than the 1980 peak following stagflation from the 1970s. Moreover, central bank purchases have been the backbone of the current gold market, with central banks now holding more gold than U.S. treasuries, something that hasn’t been the case since 1996. We’re witnessing the demise of the dollar as the world’s reserve currency in real time.
Yeah, loose monetary plus goldbug speculation. The spread between gold and silver, for instance, has been widening while gold and platinum contract.
We’re witnessing the reemergence of a multi-polar world. The dollar will take a hit. It’s not the end of dollarization.
the thing is that if the US really goes through balkanization, that puts an absolute end to the US dollar.
The US isn’t composed of geographically well-defined socio-ethnoc groups. There’s no bright line you can draw between Liberals and Conservatives, as evidenced by the number of “swing” states and the absurd lines you have to draw in order to gerrymander populations.
Lincoln was right. We’re a nation that can be one thing or another. But a divide will not stand. Trying to put Texas and California and New York and Florida into separate counties won’t work any better today than it did in the 18th century.
That’s not true, like at all.
There is a world of cultural difference between NY residents, Texas residents, and Oregon residents.
In fact, there’s about 5 distinct socio-economic regions in the US.
There is a world of difference between Houston’s Third Ward, River Oaks, and Spring. Nevermind the difference between Sugar Land, The Woodlands, and Pearland. Or Austin, San Antonio, and San Angelo.
Where do you draw the line? Even Republican gerrymandering experts struggle with this question.
Far more than that, if you’re looking closely
No, its really about 5, distinct, socioeconomic regions in the US.
For example, the Great Lakes Region, the Pacific Northwest, Plains Region, etc.
The West Coast could be its own country. I’d be completely fine with that.
Guess which state has the largest population of Republicans. Now guess the state that donates the most to the GOP. Now guess the state whose residents make to the highest percentage of Trump’s cabinet.
What a weird way to just say California is the most populous state. Guess which state has the most Democrats, leftists, and liberals. Also California!
Liberals in California are as owned by the corporate sector as their conservative peers.
Gavin Newsom isn’t coming to save you.
Split it up and force the Nazis to move to their new christofacist kingdom
Interest free money for the rich while the supply side of the house is incredibly fucked up, especially in key areas such as fucking food and shelter. What could go wrong?!
I, for one, look forward to the arrested development $15 banana costs after the hyperinflation kicks in!
/s if that ain’t obvious
I think you’re completely underestimating what Trump taking over the FED could do. he could literally print arbitrary amounts of money and spend them however he wants. it would basically make money meaningless, and we’d probably go back to trading goods-for-goods after a while, but short-term, it would give trump unlimited economic power and that is a very very very frightening thing.
The barter system wasn’t ever a thing, Adam Smith was full of shit, and as long as the US government taxes us in USD, it’ll always be relevant to us.
I should go exchange all of my savings for a different country’s currency before the shit hits the fan, but I’m not even sure which country’s currency would make sense.
CAD, Europe, and Yuan make a lot of sense.
I don’t think we’d revert to barter, we’d just informally adopt another currency like the euro.
Or CAD for anyone up North
But they were already doing that with quantitative easing.
I think he knows what he’s doing, since all he’s really doing is stuffing his pockets. Doesn’t take a genius to cartoonishly sell out the entire planet’s economy for personal gain. I’m sure if he manages to crash the dollar he’ll be thrilled to roll out Trumpcoin as the alternative and then rugpull the world a second time.
for a currency to have actual value, some government with real (military) power must demand that currency via taxation. otherwise, at least theoretically, the paper currency has no actual value.
Tell that to crypto currencies. Value is as value does.
We’re already 900k jobs off the beginning of the year estimate. Add in the tech sector investment in AI failing to pay out 2-3 years later, and Trump’s been kicking the shit out of a wheezing horse since he took office.
Lowing interest rates on the eve of a recession has traditionally been a smart move. Much better than the Bush/Greenspan '06 decision to raise interest rates as the housing crisis began to spiral.
But he’s plowing all this free money into a jobless crypto/tech bubble. Inviting enormous inflation in tech hardware and electricity, while these companies hemorrhage a bunch of jobs they have decided they don’t need anymore.
This isn’t just Trump. It’s an economy wide death spiral that Trump’s being bribed into fueling.
Yeah this is essentially the end of neoliberal capitalism. We discovered that removing market regulations just males companies invest in unsustainable, short term schemes. What we are witnessing is the end of the ouroboros.
What does FED stand for?
https://en.m.wikipedia.org/wiki/Federal_Reserve
That’s the Fed. What about the initialism FED?
Fucking Every Dollar
Misspelled.
Not Federal Ederal Deserve?