They would be tiny from way up there

Yes, make it hurt EU. It sucks that my dumbass country made it come to this, but it needs to happen. Way too many people here pretend the rest of the world doesn't exist.

I dont

Theyre usually fat old men

Seconded.

i would gladly make the switch if for no other reason than just playing a tiny part in screwing over Visa and MasterCard.

Why? Cause fuck em! That's why!

I agree 100% but also this is like when you watch your brother punch your dad to make him stop hitting your mom, and you know you're going to get the shit kicked out of both of you later for it.

...unless one of your grabs the crowbar and goes for broke...

Hey blue states...

We should solve our own problems. Haven't we exported enough problems abroad already?

At this point, I wouldn't be surprised if they're working on it. He's destroying their bottom lines.

That said, if you go after the king, you'd best not miss.

Let's say the pre-Trump economy is worth $100 trillion, and a particular billionaire's share is $2 billion. Let's say Trump catastrophically decreases the economy's value to $50 trillion, while increasing corruption such that that Trump is getting more power, and the billionaire's share is $10 billion.

This is followed by a collapsing market that creates a dip in share prices or private valuation, the assets of which can be bought for pennies on the dollar, eventually leading to that billionaire having $30 billion in a total economy worth $20 trillion.

Win/win for Trump and the billionaire, at the cost of everyone else.

That's basically what's happening, and will continue to happen.

The parasites are still making money. Rocking the boat would temporarily interrupt the party, they'll continue to party until they're forced to change.

The question is incomplete. They will cost trillions, but the presidency, the party fixing elections right now, will cost the country the dollar itself. They will max out borrowing, then print money to pay off the debt and de facto default. They will turn all of those dollars into very much less valuable things.

Presuming no one stops them.

Apparently collapse is profitable

True risk is also anathema to them, probably hedging bets on how the midterms go before they make big moves

Most of those overlords don‘t care about their business anymore. They want to get the bag now. It‘s how Oligarchies operate. They burn billions to make millions. Or in this case delete trillions to make billions. The goal is have proportionally much more money than us pathetic peasants.

The way Trump operates in particular is unsurprisingly dull. He flips the table and ruins the game for everyone. Then he waits and whoever says some flattering words to him and gives him a hefty bribe is excluded from his bullshit. Suddenly they see their competition crippled while they themselves can do business as usual. That‘s all there is to it. Trump was never the brightest bulb and probably thinks his obvious scheme is brilliant.

24 trillion. the culture war bs with the right is thier best chance of maintain power in the us, so no, they might have accept less to hold on to that power. Or they just stir up the right wing in other countries, alongside with russia.

It's kind of a weird game theory thing, because the industries affected aren't consistently losing. A decision he makes on Wednesday can help the finance industry but hurt the tech industry, and then he can reverse it on Thursday and now the finance industry is tanking but the insurance industry is up. It's tough to know who would work together to pull him out of office, because between any two given days, the people who have the money have different opinions on how he's doing.

The corporate overlords area fucking idiots. They always have been.

They'll make sure it hurts us, long before it ever touches them.

American big business? Not a dime. It’ll be a bailout on the American tax dollar I bet. 

I wonder how many trillions of dollars the Trump dumpster fire will end up costing American business.

USAian business does great under fascism. Just look at the MIC. Both "parties" just voted on a massive handout for genocide, etc.

Business will be fine! The right/rich people will be bailed out. Etc.

I don’t get it, sometimes you wonder if it’s true and he might be acting to help Russia

At least we have e transfers and debit unlike down south. I for one will be jumping on the first non us credit card however.

A lot of countries in Europe already have their own country-wide payment systems.

What we're seeing now in Europe is the stage where those multiple country-specific systems become interoperable and a new international payment system appears.

Canada only needs the kind of thing which has been not just available but actually dominant for decades in countries like The Netherlands and Portugal.

I think banning USA from owning our national/provincial/city news media including papers would be a higher priority, but we're not even doing that.

Canada has Interac but turned it in a for profit.

The Bank of Canada has considered a digital CAD but not started anything yet. Maybe they are taking notes?

Meanwhile, we could give biz the option to lower their prices and in exchange pass down the cards fees to customers (transparently of course, big display: Visa +n1%, Mastercard: +n2%, ...). The current system makes all prices higher but cards provide rebates or other benefits. That's pretty much a tax on the poor who can't access "high end" credit cards.

Against what? Against consumers that don't need to pay fees? Against the Brazilian government who is behind the pix?

Poor US companies with billionaires yatches bills to be paid.

Why do Visa and MasterCard exist? The middleman that jacks up the price while offering the end user nothing? Thanks capitalism.

Same in Norway and I think same in many countries, biggest issue is across borders inside of Europe. Most payments online also.

Does anyone outside the US even use credit cards?

Same in Canada with Interac. I’d love to see some interop between these types of networks

Yeah that's not what we're talking about here. Debit cards already have their own circuits, like Bancomat here in Italy. This is about credit cards.