be richest person
crash the biggest economy in the world
buy the remains for cheap
not exactly a complicated plan.
maga voters want this to happen. they crave being worse off.
this post was submitted on 21 Feb 2025
606 points (100.0% liked)
People Twitter
6652 readers
1457 users here now
People tweeting stuff. We allow tweets from anyone.
RULES:
- Mark NSFW content.
- No doxxing people.
- Must be a pic of the tweet or similar. No direct links to the tweet.
- No bullying or international politcs
- Be excellent to each other.
- Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician.
founded 2 years ago
MODERATORS
The crabs in a bucket mentality.
Crabs don't actually root for the outcome, they can't see the outcome. They just try to climb and end up pulling down anything above them. These people actively vote against their interest and then cheer the pain & suffering of others. I'd take crabs any day of the week.
load more comments
(1 replies)
This is what happened in 2008. They’re just trying to repeat the process.
Billionaire Disaster Capitalism - billionaires create their own disasters and then profit immensely off of them
exactly this. crashing the economy IS the plan. you just need to be short on the right stocks at the right time.
By April, the employment report will probably be either heavily doctored or just downright not published.
Nazis don't care about the truth.
Taking a page from the CCP
It’s sad that you have downvotes for this. It is a common practice in authoritarian states.
Crises are a feature of capitalism. Marx talked about this. Things become hell for the working class, and the capitalists reap the rewards.
Yes, and people with power, people with connections, and people who are rich will always benefit from crises. Naomi Kleins The shock doctrine explains this very well in a modern context.
load more comments
(1 replies)
load more comments
(10 replies)
That guy is forgetting that the jobs report is produced by a government agency, so what makes him think they're going to report accurate numbers?
“Jesse Rothstein is an economist, and currently professor of public policy and economics at the University of California, Berkeley. In 2010, he was chief economist at the US Department of Labor. He is the founding director of the California Policy Lab, a research associate of the National Bureau of Economic Research, and is a member of the editorial boards of Education Finance and Policy, The Review of Economics and Statistics, American Economic Review, and Industrial Relations.[1][2][3][4]”
For those that don’t know the guy he’s got a solid pedigree
And, look, I'm not a hedge analyst or an economist, but even I can see that the comedown from the tariffs is going to have a huge negative impact on the stock market.
So, genuine question here, if this recession comes along with the stock market dip, will that cause a spiral that leads to another great depression?
Maybe? I do know that Elon is going after the agency that runs the FDIC. The FDIC insures the bank's money. I don't see how they don't see how shitty this is going to be for all of them too. It's insane.
Oligarchs have their money tied up in property, investments, and hidden from the taxman in foreign banks. Destroying the stock market would hurt them a bit, but destroying banks? The way they see it, only poor people have their money in a savings account.
I remember the first time I realized that. It was when watching the Futurama episode, "Insane in the Mainframe."
Judge Whitey: The charge is bank robbery. Now, my caddie's chauffeur informs me that a bank is a place where people put money that isn't properly invested. Therefore, robbing a bank is tantamount to that most heinous of crimes - theft of money.
Ha! Joke’s on them! I have no money so FDIC doesn’t affect me! ᕕ(ᐛ)ᕗ
load more comments
(5 replies)
That depends on a bunch of factors.
Here's my take on what "caused" the Great Depression (over simplification, obviously):
- Widespread deflation as countries returned to the gold standard after WW1
- Reduced spending due to 1 (holding cash was better than investing)
- Tariffs further reduce demand by hiking prices
This time around, spending is pretty healthy, we're not in a deflationary environment (just coming off an inflationary environment), etc. Tariffs will likely cause a demand shock due to higher prices though, so I think recession is likely as spending falls off (assuming the tariffs stick). I doubt we'll see a depression unless Trump increases tariffs again in response like Hoover did.
Everything depends on how the US gov handles the reaction to tariffs and how other countries react as well.
I doubt we’ll see a depression unless Trump increases tariffs again in response like Hoover did.
Hoover wasn't ripping through the federal government, slashsing employee headcounts, and slashing outgoing funds.
These two alone, are likely enough to seal the "Depression" deal... Like, in 1 month, we have 30,000+ new people seeking unemployment; states, counties, and cities are going to start cutting jobs too, because of the slashed federal funds which fund programs at those levels. I know one non-profit that has basically let all 90 employees go, because lack of federal funds coming in on grants means they can't keep the rent paid.
load more comments
(11 replies)
load more comments
(6 replies)
This is the point. They want to crash the economy.
I mean, he said so himself even before the election. We just have the fucking stupidest, god awful people in this country that apparently wanted it.
he said so himself
I would love to be able to show some of my MAGA relatives that clip. Do you have a link?
Thank you for the link.
In the article Elon Musk said that we (and by we he means us) have to reduce spending to live within our means. LOL. This from the guy who sells $100k cars.
load more comments
(5 replies)
load more comments
(1 replies)
But hey, look on the bright side: Musk and his rich bros will be able to buy up stuff for dirt cheap!
load more comments
(1 replies)
Don’t worry. Elon and his friends will simply invest in shares as they bottom out in the crash.
Yeah no shit? Like anyone honest with themselves KNEW that would be the result if Trump won the presidency.
They should have been saying this BEFORE the election, instead of gargling the wrinkled, atrophied, and filthy balls of Trump.
Haha yeah
Who is there to warn though?
You got your normal Americans who already know this.
And then there's the manipulated ~~Nazis~~ Magas that won't even listen to this warning.
This is some of that bizarre, black-and-white thinking I've come to expect from Lemmy (and, of course, reddit). I can assure you that there are a lot of "normal Americans" who do not "already know this".
I feel like too many of the people here really do need to touch grass. Idk if it's the high number of people in tech work or something else but I see so many takes of what "normal" people that's so far off the mark it makes me question when was the last time they spoke to an actual person.
load more comments
(2 replies)
load more comments
(1 replies)
Global reciprocal Tariffs, aren't going to lead to recession, they're going to lead to the worst Global economic depression since the 1930's. With Trump taking over control of the USPS (announced just today), and martial law soon on the horizon (maybe even a Russian invasion of California, you know, for a treat), this next couple months is gonna be one for the record books
load more comments
(2 replies)
Deportations are also lost jobs. Not sure they will be counted though.
load more comments
(1 replies)
Won’t these numbers be manipulated and likely outright lies anyway?
I fucking hope so. I cannot wait to watch this burn down around them.
load more comments
(2 replies)
The incompetent scammer isn't capable of making economic sound decisions? Who could have imagined that?
load more comments
(1 replies)
Trump is going to cause the recession. Musk is there because of trump.
About to?!?
Dude, I have bad news for you.
view more: next ›