The Trump administration moved quickly to shut down the possibility of caving if stocks tank during a trade war with little end in sight
The Wall Street Journal reported Tuesday that Chinese officials are betting that President Donald Trump’s attention towards the stock market serves to their advantage in a trade stand-off with the U.S. By their calculus, the U.S. can’t afford a prolonged trade war that keeps intensifying with little end in sight, a prospect they believe would tank financial markets and push Trump to make concessions.
However, the Trump administration moved quickly on Wednesday to shut down the possibility of negotiating with its back against the wall.
Your rich donors might care.
They cash out just before and buy up everything once it’s crashed. Just like corps in the housing bubble.
It’s a chance to consolidate wealth.
Sometimes my cynicism and conspiratorial thinking want to believe Trump is doing this shit on purpose just to enrich himself and benefactors by tanking the economy to allow the rich to buy the scraps for cheap at the US fire sale.
Because his entire purpose is destroying the country. Simple.
No. Doing what you’re doing is incredibly dangerous, and a big reason we have to deal with fucking Nazi’s again.
You can’t just simplify shit that much and declare it’s “simple”.
After WW2 everyone said every German was evil and flawed and that’s how nazis rose to power.
That is wrong but it gives everyone else the warm and fuzzies that it could never happen anywhere else.
Fucking obviously that’s wrong.
I know people like flippant social media comments, but you’re actively hurting us and helping the fascists by writing them off as Lonney Toons level evil who just want to break shit.
We need people to understand motivations not only to stop the current issue, but to prevent it from happening again
Like, c’mon man. It’s not exactly complicated, please start putting thought into what you say, and stop saying shit that helps fascists and hurts everyone else.e
In this particular case I think the end game is to crash the market. His plan is to kill the stock prices and buy it all dirt cheap. He thinks he can then reverse the crash and get billions. Just like all this investing in Argentina. Effectively money laundering. He’s taking tax payer dollars, funneling through a junk fund, then collecting on the back side. The delusion is he thinks he can recover everything after tanking it all. It galls his little ego that he’s not the richest man in the world.
A little of that, and a little of wanting to drive people to crypto which boosts the price.
As much as trump hates taxes, he’s definitely invested heavily in crypto
But the point remains:
He’s not just blindly breaking stuff for the sake of breaking shit.
It’s almost always a flawed logic, but there is a logic there. And it’s always easier to fight what we understand it.
Crypto is correlated to the stock market. When it crashes, crypto crashes even more. The only reason it spiked when the shut down started is people thought the US was going to devalue it’s currency to pay for shit (which has been happening anyway since he took office)
Crypto is correlated to the stock market
The only correlation between crypto and “value” is what someone will pay for it.
I’m talking about a crash, not a dip.
An actual crash will 100% make more people turn to crypto, which will drive the price up. Enriching people who already own it.
Likely creating a bubble when the original holders sell, which the profits would then be used to buy into the crashed stock market, or gobble up real estate when everyone goes thru foreclosures when pensions/retirement funds get wiped from that actual stock market crash.
No. They won’t. People flee more speculative assets towards more stable ones during crashes. Not the other way around.
Nothing about crypto has become less speculative in recent years. And people aren’t going to increasingly pile into crypto after it plummets 90% when the stock market crashes. That goes against all human nature
I view crypto the same way i view Argentina. Getting people to put real dollars in crypto so he can syphon it out then devalue the crypto to cover it up.
That comment will get exactly 5 views, one of which will be a computer, one will be a middle schooler, and one will be a German fella who clicked accidentally, calm down.
