13 Comments
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DK Brooklyn's avatar

Here’s the question. Why not assume this economic crash is intentional and not a mistake? Who is benefiting? Who will be able to buy equities and entire companies cheap? Is there a connection between a global economic disaster and the turn towards Russia (that isn’t tariffed) and the threats to our neighbors and Greenland? If this looks more and more like the 1930s with a depression and authoritarianism can we expect it to end the same way, with a world war and will we lose it, as Germany did?

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DK Brooklyn's avatar

What will it take to get a tractor and trucker’s convoy to clog the streets and make protest matter?

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Anthony's avatar

I have been saying too! These soul deleted imps are on purpose for sure.

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Moh's avatar

I believe it's intentional. That's why they are accumulating crypto. They will crash the market, buy the dip very cheap, then use crypto money to buy. No body wonders why they have been accumulating crytpo and gold??!!!

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Donn's avatar

Time to be very clear: MAGA is EVIL. Compromise with MAGA is to cooperate with evil. There is nothing that justifies compromise or cooperation with evil. Bi-partisanship with evil liars is nothing to be worked toward. The aim of the Democratic Party should be to win EVERY election and wipe MAGA and Republicans from all levels of government. Opposition to tRump and MAGA is a moral imperative that defines an American's true character; there can and will be no compromise with Evil, MAGA or Trump.

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DK Brooklyn's avatar

Question: is there a thing that ,congress can do to stop the tariffs or is it all in the hands of one individual with no restraints?

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Roger Peebles's avatar

Senator Cory Booker of New Jersey has consistently supported U.S. arms sales to Israel. On April 3, 2025, he voted against Senator Bernie Sanders’ resolutions aimed at blocking $8.8 billion in arms sales to Israel.

What a hypocrite! And blowhard! A sick puppy now being idolized! Talk is cheap my friend!

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drbilldean@gmail.com's avatar

Herbert Hoover Trump and the 1930’s

History doesn’t repeat itself but it often rhymes Republican Herbert Hoover signed the Smoot Hawley tariff act in 1930 at the time of the peak of a credit cycle By 1932 FDR was elected after numerous bank failures and severe unemployment rising to over 25% resulting in the Great Depression

Now at the peak of a credit cycle the Orange Strongman has insisted on punishing global tariffs to set off a global recession And as typical for a Strongman he’s not budging insisting that his strategy is spot on, caring little for the people who elected him

The largest credit bubble in world history has been popped prompted by the Strongman and the equity markets are reflecting this With 3 straight days of greater 1600+ points/day this will not play out well and will tank the American and global economy

The country needs to go back on a gold standard that a Republican Nixon took us off which allowed egregious spending on both sides Bonds are going to be problematic when foreign investors stop buying our debt With China now alienated and the largest purchaser of our debt there will be a true currency crisis

The only safe place to be in this global destruction of fiat currencies is to get out of credit and get into real money which is gold/silver

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Ginger G's avatar

What does all this mean for currencies ? Will the US Dollar no longer be the top currrency? Will we have South American style inflation?

Can the US economically recover from this? (I don’t see how we get our non-economic standing in the world back fwiw) Or will we be a second tier investment behind EU and China for the foreseeable future?

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Carl Selfe's avatar

There is conspiracy in the air. Trump dumped stock before the tariffs were defined. Pam Bondi continues to debase herself. She is complicit in Signalgate as a Signal user and too corrupt to recuse herself. Until we have the House, we cannot impeach. We will have job growth because of the CHIPS Act and the Infrastructure bill. But the jobs shipped overseas are not coming home. https://hotbuttons.substack.com/p/jobs-wont-come-back?r=3m1bs

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Simone Samba's avatar

What do you advise folks in their late 50s to 60s, just about to retire do with their retirement savings right now? Invest and hold where?

How do you think real estate will be affected by the tariffs? and/or firings/mass destabilizing of gov systems such as SSA and possibly Medicaid etc?

Are countries pulling their gold reserves out from the U.S.?

Do we have any hope of manufacturing returning here? Is this the final death of unions?

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Mehrdad's avatar

'Let it burn baby, let it burn'

Perhaps only then we can rebuild it with more justice and sanity in its core.

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Dija's avatar

Hello Mehdi team ... please add CAT to your timing.

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