Because conservatives are fuckwits who are bad with money
A few get rich by shitting on people, stealing the work and ideas of others, and somehow people think that it automatically makes them experts on matters of finance
The US is a fucking joke
Because conservatives are fuckwits who are bad with money
A few get rich by shitting on people, stealing the work and ideas of others, and somehow people think that it automatically makes them experts on matters of finance
The US is a fucking joke
Lol! And to think, people voted for this moron because they thought he would be good for the economy. smh.
The only reason people voted for Trump was to hurt queers and brown people.
That is only when the Democratic Party is in charge.
To be fair, nobody here would care about this if a Democratic was responsible.
I am no fan of the Democratic Party but they do allow dissent and differing opinions as well as criticism of the President. The Republicans not so much.
Poor Trumpsters has already added almost more than twelve years of Democratic Presidents and he and has had only 5 years so far. By the end of his presidency he will have spent the most, made the least, and bankrupted the majority of the Federal Government.
Both times while Trump was president. I'm starting to see a pattern here.
Those deported immigrants must have grabbed bags of money on their way out. /s
I wonder how big a bag you'd need to grab 2 million in cash. Every single deportee would have had to have grabbed one to accumulate $1trillion.
Edit: Its actually not that bad, could fit in a couple of hefty duffel bags.
Thank GOD for DOGE!
Lol, DOGE was the quickest abandoned federal organization ever. Trump used it to get votes of real conservatives and some libertarian types.
So we are going to stop helping millions of people across over a hundred countries, and spend more money somehow not doing it?
"Yes Sir, a lot of people would call it dumb to spend more and not help people, it even cuts jobs from Americans"
Yeah let's go with that, and uhhh, fire a lot more Americans while you are at it.
"Where?"
Everywhere you can find them, just fire people until things break, and we'll see if we can fix those things once they are broke.
"Sir that's going to cost more money, hurt more people, and cut more jobs"
Yes, that's why we are doing it, and uh tax everyone more and send the money directly to the Treasury so I can write myself checks from it,
"Who would vote for you... Holy shit they are voting for you"
Could imagine having to listen to Kamala’s laugh though. I mean seriously. It was so bad. Plus look at this great new ballroom. And the airplane from Qatar, totally for free. And Qatar gets a military base in the US. And all the bailouts for foreign countries. While Americans go broke. And trying to start a war…while crying about the model peace prize. Just so much winning going on here.
Anyone got some favorite European index funds? I’m completely pulling out of the US economy to all extents possible.
We all knew hiring actors to feign competence was always gonna be expensive, but more expensive than the pandemic is stifling.
I now no longer hold anything over an emergency stash of U.S. currency, because I no longer believe in the value of the U.S. currency. I do not want it. I use Monero.
And not a peep out of the party of "fiscal responsibility".
Really says something about the Cons, doesn't it.
And you all got stimulus cheques this time too, right?! Right..?
We cut all those programs and jobs and the deficit still went up?
I wonder what happened to all that money they were saving by doing that?
Oh no, this train is not slowing down. It can't. In fact, it has to speed up. At least, the currency debasement has to speed up.
Currency debasement is a great way to kill an empire. I wholeheartedly endorse it.
Kill the American Empire, so the MAGA empire can rise. Just like Weimar
And then China, Western Europe, and Russia invade the United States after it initiates massive, aggressive wars to bolster its flailing economy?
And then both sides launch nuclear weapons to end it all?
Is this the accelerationist argument?
Honestly the whole Weimar turning into Nazi Germany thing was kinda a fluke historically speaking. Usually the empire in question implodes, stagnates, or decentralizes usually a mix of atleast two, unless it's Rome where they will do all three plus a secret forth option and come out the other side.
The Nazis frankly speaking had Alexandrian level plot armor, if anything had gone even slightly different they may have collapsed before even operation Barbarossa.
I think in their case, a righteous anger against the Versailles Treaty fueled a good deal of the effort that they put into becoming a new empire. The rest of the fuel came from stealing from their Jewish and minority citizens, temporarily boosting their coffers. It couldn't last, since there was no forethought about where to stop, and they destroyed their best financial gurus out of jealousy and stupidity.
Anyhow, I believe that Dogey America cannot handle a civil war. Unlike the Nazi regime's luck of a poorly run Weimer, it is the conservatives who mismanaged the economy, and Americans have no one but MAGA to blame for a Greater Depression. That a rat like Yarvin has left the ship is an hopeful sign.
Just to add some more data points for you about the German economy under the Nazis.
The German economy was already recovering under the Weimar Republic but it was slow going, the Nazis were able to more or less ride it and claim credit which when combined with morally shit but economically sensible shit like pushing women out of certain jobs in favor of men made the initial economy relatively stable.Note this is also stupid long term but that's measured in the terms of decades, also the only reason it worked was because of early 20th familial economics this wouldn't work in the modern US for example.
Then theres the stripping wealthy minorities of their wealth which allowed them to fuel the war economy they were building but had the obvious effect of hurting the economy long term and scareing educated and experienced professionals away. The death camps come later long after the economy was exclusively propped up by the war and even then they wasted so much resources that it fucked them over even more.
Finally there's the stripping of resources from conquered territories which was the only reason they were able to continue past Czechoslovakia, the German economy by the time of the invasion of Poland was basically a great wyrm consuming anything and everything it could find to keep itself alive. There's a reason they slowed down so much invading the Soviets, it's cause the Soviets scorched earthed everything and Africa had basically no payout.
But yeah the US ain't got the same circumstances and if even a small civil war kicked off it'd probably be more than enough to kill the feds and half the states at this point. The US simply isn't robust enough, it can't fuel itself with revanchists like the Nazis nor can it burn itself to be reborn like Rome. The US is an old empire showing its age and facing a springtime of nations like the Austro-Hungarian empire or the Ottoman empire.
As much is it wouldn't be fun to live through, it's good in the long term
BuT rEpuBliCaNs R BetR Fur ThE ecONomY!
Damn, those Republicans are great at managing the government's finances.*
*This a scarstic comment
Wow, interest alone on the debt is now hitting $1trillion a year and expected to hit $14 trillion in 10 years!?
And this is despite Americans being taxed $350bn through trumps tarrifs.
Elon Musk is very quiet about this - wasn't this why he went all in on DOGE?
He really needs to put something around his neck to cover up his neckitalia. It’s really disgusting
Trumpflation returns. Its the biggest, most beautiful type of inflation where rich people get richer and everyone else pays more.
Why did no one warn us that a failure of a businessman would utterly fail at the business of running an economy?
First a failed painter. Now a failed businessman. Who's gonna be next?
Unstoppable debt spiral. Basically this, the more people come to realize it's never being paid back, the faster it will grow, and the faster it grows, the more people realize it's never being paid back. It doesn't really mean anything at this point.
Even if that were true, you can’t escape the consequences
Is the U.S. at Risk of Hyperinflation?
There would need to be a significant and highly unlikely drop in production and a massive increase in circulating currency for hyperinflation to occur in the U.S.
You my think that paragraph on the us is encouraging, but consider today’s reality
Hyperinflation would be so cool. I would pay off my student loans for the price of a dozen eggs
We can't completely escape the consequences, but they can be mitigated. I don't have a lot to lose. I don't benefit from a 401k or social security. There's a reason why investors are flocking to gold.
Something that needs to change is how real estate is seen as an investment. It has broken the quality of life increase in the US by gatekeeping real estate, drastically increasing cost of living, while building nothing new to preserve investment. When you make housing an investment, it becomes in your best interest to stop building more to reduce supply and preserve value.
Then if Dems get in power suddenly Republicans will care about spending again. Everyone knows how this song and dance goes.
If dem tears down east wing during a shutdown and you'll hear bad decorum or some bs and massive smear campaign about federal workers not being paid.
Trump has done so much to get rid of decorum and the general respectability politics. This could be the greatest thing ever for a Dem who is willing to fight and be unapologetic for the people. They should tear it down day one and frame it as job creation too to rub it in.
When does Great Depression 2.0 start?
Trump loves debt
Oh don't worry, this administration will make sure we beat the previous record with a new pandemic.
A Republican, the party of fiscal responsibility, ballooning the national debt to record numbers? Who could have seen that coming??
National debt shouldn't be called debt. All it does is confuse idiots who think it's the same thing as their personal budget.
What should it be called then?
Just woke up and cannot think so I am asking honestly
Who actually owns this debt? Who is getting the interest payments? It seems like every country runs on some kind of deficit - where is all this money coming from?
It's basically spread between various governments (notably Japan, China, Norway), financial institutions and private holders. You can invest into US treasury bonds and that way you'll hold a piece of the debt. It's actually been considered the safest investment on the planet for the last century or so.
The biggest single chunk of it is owned by the Federal Reserve - about $4 trillion if I remember correctly. Which kind of... doesn't make any sense?
And you better believe of the Democrats gain power the Republicans will scream about the deficit until they are blue in the face and then do nothing. Worthless fucking Democrats.
Oh shut the fuck up.
The nazis are literally terrorising people in their homes, gearing for war, and cooking the planet alive.
But no, gotta bitch about the Dems more.
Do us a fucking favour and remove yourself You literally bring nothing but a worthless drain on bandwidth at this point.
Biden added 8 trillion…
And so did Trump's first term. Except $8 trillion in 2012-2016 was a lot more than $8 trillion in 2016-2020. Right now we can safely expect over $10 trillion of increase by Trump's second term's end. If it ends, that is.
Over the course of President Trump’s four years in office, the gross national debt grew from $19.95 trillion to $27.75 trillion – a $7.8 trillion increase (debt held by the public – the more economically-meaningful measure of debt – grew by $7.2 trillion over this period). However, much of this borrowing was due to policies put in place before President Trump took office or due to unexpected changes in circumstance. Debt was already projected to grow by about $3 trillion for the four years of his term when President Trump took office, and some of the additional debt accrued was also the direct result of the COVID-19 pandemic and recession. It’s also important to note that the government was holding an unusually large $1.6 trillion in cash when President Trump left office, which inflated the growth in debt relative to the deficit run during his time in office.
It's almost like biden had to spend a fuck ton to try and fix the shit trump 1.0 broke
And I wouldn’t put it past certain politicians to think this way. But currencies are valued based on economies, trading, their use in international exchange. It’s quite normal for an overleveraged country to have its currency devalued relative to everyone else. Sometimes by a lot.
Again, certain politicians have very little intelligent thought so they may even like this idea because your goods are cheaper, easier to export. Certain businessmen could really enrich themselves ….. if you don’t think or care about everyone else suffering under huge inflation, your economy flat lining without imports, even as tooling or ingredients.
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