MAGA FAFO: they crash out over the Stock Market crash

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#sustainableliving #permaculture #anticapitalist #leftist #community #frugal #budget #poor #america #economics #ethics #permaculturelife

[Dave-dfgr]

I get sick and tired putting up with voters who live in the United States of Amnesia. They completely forget the incompetence and mendacity of Trump 1.0

[robinoregon-bj]

Martha went to prison for insider trading. How many in the administration knew about the 90 day backtrack before he announced it, and told everyone on truth social it was a good day to buy. Sounds like market manipulation to me.

[richardowens]

Everything MAGA has said and done over the last ten years has been either stupid or cruel, or both.

I think I hear the world's tiniest violin.

[doloreswiback]

They weren't hoodwinked...they had a previous 4 years to judge him...just plain stupid

[climate]

Well I worked in capital markets. I can tell you I was alarmed by something few people were looking at: the bond market was also sinking. This is something that happens in developing economies, not in ours. This is a warning that the US dollar is in danger of being replaced as the world's reserve currency. This will be a disaster. Other major economies can no longer trust the stability of America.

[BillyBobJoeSnr]

This the American version of the damage that the British inflicted on themselves in Brexit... isolationism, lost credibility and increased the wealth inequality.

[robellis]

Never attempt a rational discussion with MAGAs, antivaxxers or the drunk at the corner of the bar.

[Berto]

Today was market manipulation to the likes of which we've never seen before.

[riccampbell]

"He said he wants to go back to the Golden Age when we didn't have an income tax..." Or paved roads, or flush toilets, or phones - back when dysentery was considered par for the course.

[leaharchambault]

Insider trading

Step 1: Short the market
Step 2: Announce tariffs
Step 3: Market crashes
Step 4: Buy on the dip
Step 5: Extort favours from countries
Step 6: Scrap tariffs
Step 7: Market rises
Step 8: Sell on the rise, bank the profits

[AM-eliv]

These people have no idea that such huge tariffs on everything is basically moving all tax from the ultra rich and corporations to the working and poor.

[MargaretR.J]

DJT will be remembered as the single biggest stock manipulator in history. The question that remains to be answered is how much money did he and his friends make?

[KevinFeeley_KHF]

It's a pump and dump of the entire stock market. That's what they did. They crashed the market on purpose and made a WHOLE bunch of trades while the prices were low.

[richardowens]

"It is easier to fool someone than it is to convince them that they have been fooled."

Mark Twain

[Maeve]

In regards to how racism played into all of this, let's remember what President Lyndon B. Johnson said. QUOTE: “If you can convince the lowest white man he's better than the best colored man, he won't notice you're picking his pocket. Hell, give him somebody to look down on, and he'll empty his pockets for you.” ― Lyndon B. Johnson

[lauribroyles]

If he dies or isn't able to complete his term they will blame us that we blocked him from saving the country

[Landlinesly]

People are dumping everything. I'm buying as much as I can. With 180k still lying around in my HYSA, should i buy more or wait?

[JamesThomas-jz]

Tariffs historically have been associated with economic catastrophe. It only happens every hundred years or so because everyone who lived through it has to die so there is no remembrance in the population of how bad it was.

[Lovelypanacea]

It just feels so frightening that some choose to lose touch with reality.

[davidnovakreadspoetry]

It’s not exactly that they’ve been lied to, but that they lied to themselves. That’s the basis of a con.