Trump doesn’t seem to know why he launched a giant trade war
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Yeah, they have no savings because they plow all profits into stock buy backs. Hell, a lot of them have borrowed money to do buy backs.
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I don't think Trump knows very much about anything he's doing, whether this or anything else.
(Incidentally, this also means I don't think he's doing most of the bad things he's doing out of malice or dictatorial ambitions. He just has no idea about anything he's doing.)
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maybe if everyone is telling you the same thing, it’s not us that’s wrong? food for thought.
One, not everybody is telling me the same thing. I learned to do this from someone else here on Lemmy, and I've had others tell me that they like that I'm doing what I'm doing, and that its ok to do.
Two, never heard anybody give a valid reason why I'm wrong, just that I'm wasting my time, or that they don't like me doing it because it bothers them to see it, as if they want the Internet to format what they see to their personal tastes/likes.
Three, its a single line of text that appears in a smaller font at the bottom/footer of a comment. If people are really getting bent out of shape over it, then maybe they need to do some self-interspection on their end.
Four, if its not a smaller font line of text, and they seeing regular sized formatting text, then they need to talk to the developers of the client they are using, and ask them to support sub/superscript fonts. The web site client shows it just fine.
~This~ ~comment~ ~is~ ~licensed~ ~under~ ~CC~ ~BY-NC-SA~ ~4.0~
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Techbro led gvmt - move fast, break stuff. Chaos leads to opportunity to profit, by which I mean him and his class to profit.
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The mistake most make is acting like Trump and his goons are stupid and acting like headless chickens. They are not stupid, and know incredibly well what they are doing and why.
You don't get to win an election twice if you're as much of an idiot as most make him out to be. If we keep underestimating our 'opposition', we will continue to be defeated.
See this article for more: https://unherd.com/2025/02/why-trumps-tariffs-are-a-masterplan/
TLDR:
In this article, Yanis Varoufakis analyzes Donald Trump's economic strategy, arguing that it is more sophisticated than his critics assume. Trump's focus on tariffs is part of a broader plan to reshape the global economic order, which Varoufakis describes as an "anti-Nixon Shock." Trump believes the U.S. has been exploited due to the dollar's role as the global reserve currency, which he sees as a burden rather than a privilege. He aims to weaken the dollar to boost U.S. manufacturing and reduce trade deficits, while maintaining its reserve status to fund U.S. deficits and military power.
Trump's plan involves using tariffs to pressure foreign central banks to lower interest rates, thereby depreciating their currencies relative to the dollar. This would offset the price increases caused by tariffs on U.S. consumers. The second phase of his strategy involves bilateral negotiations with key countries, leveraging tariffs and security threats to force them to appreciate their currencies and make concessions, such as buying more U.S. goods or relocating manufacturing to the U.S.
Varoufakis acknowledges the risks, including potential domestic backlash from Wall Street and the possibility of foreign countries, particularly China, creating an alternative financial system. However, he argues that Trump's plan is coherent and should not be underestimated, even if it diverges sharply from traditional economic thinking.
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The chaos is the point: make nothing normal, make nothing certain, and he can be free to do anything.
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This is just disingenuous.
Lookup trade balance with each one of these.
EU, china, Canada and Mexico and all of these are majorly disbalanced -
Stoolge mcduck
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Nah, he's a inbred golden retriever, that Russia and musk owns
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Also Putin, " say I'm not a bad person"
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That's well known to be money laundering for the Russians so it's intentional, him not being contracters was where he had his scams
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The thing is, I don't doubt there is an actual reason why these plans have some more intelligent purpose behind them; I doubt that Trump is the one thinking of this. I'm of the belief that Trump has a bunch of yes men around him that are smart and able to coerce him to do these things through careful manipulation strategies and feeding into his ego.
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The project 2025 people already had every executive order and move lined up ready for him. No understanding required .
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I was talking about Donald Duck. This made me laugh though. Thanks for brightening my day.
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Of course he doesn't. He should be in elder care not in the White House.
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It looks imbalanced until you understand that you guys are the only ones manufacturing dollars
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Dude that makes no sense at all. He wants to depreciate the dollar by putting on tariffs, an action you yourself admit depreciates all OTHER currencies, thereby increasing the value of the dollar?
Then after that he'll "negotiate" to have the other countries to appreciate their currencies? By buying US goods and companies?? Both of those things appreciate the US dollar. China has been selling their goods to the US (something which should appreciate their currency) without appreciating their currency by buying property and companies in the US so they never have to use the US dollar to buy their own currency. This increases the value of the dollar while decreasing demands for the Chinese currency. This has been widely seen as unfair currency manipulation by China.
Things that increase demand for US dollars such as buying US goods and investing in the US APPRECIATE the value of of the US dollar. I haven't read the article yet, but I hope your summary is incorrect, because Varoufakis is generally a very intelligent left wing thinker and I would be surprised to see this kind of gaffe in basic economics.
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Uhm something something illegal rapist immigrants high on fentanyl. I've got tee-time in 10.
