Trump claims he tanked economy on purpose: 'I love the inflation'
12 days ago by tacoplease to c/politics
Oh don't worry, we'll hit the other points again real soon. Consistency is not this guy's strength
Before the election: Biden inflation! Biden inflation! LOOK AT THESE EGG PRICES!! Vote Trump to fix the inflation! Inflation bad!
Now: Inflation good. I love inflation. I did it on purpose.
MAGA: baaa baaa!
Inflation is one of those big words, kinda like 'economist' or 'groceries.' When you're a MAGA, how can you be expected to know these things?
I've been thinking this basically the whole time with the second administration. It's the most conspiracy oriented I've ever been, but I genuinely think there is a non zero chance that the entire goal of this administration has been to crash the dollar and world economy to force the globe into a position where digital currencies take over nation state derived currency as the foundation of global markets. I'd say I'm 5-10% confident this is the case, which is very high.
That their goal is to destabilize not just the world, but the very concept of nation-states to be replaced with a corporate/privately owned concept of a nation state or state level actor.
I know there are specific conspiratorial threads on this concept but I e intentionally avoided looking into those. I think there is ample evidence at the surface only to have this kind of suspicion.
If we were to apply Occam's Razor fully it would be.
A doddering old imbecile that has had a clear mental decline and has a history of terrible decisions is continuing to be in mental decline and make terrible decisions.
Absolutely. Occam’s razor would be his Wharton professor was right, he’s the “dumbest goddamn student he had ever” and he absolutely believed tariffs were magical weapons to both make the economy strong and enrich himself, that he was invincible and immune to repercussions per usual re Epstein, and that as usual he could use sociopathic vengeance and corruption to just fake it the entire way to being the greatest president in history, and that the nation would probably not only put his face on Mr Rushmore, but also make him king willingly.
Russia is small time, Trump is working for international concerns (probably unawares)
Yeah, before 2016, he said he was going to run the government like one of his businesses. Then he started to run it like one of his businesses. Now it's running like one of his businesses. I think that's the most parsimonious explanation.
Terrible decisions for the free world, but he and his buddies are making bank.
The people around him, for sure.
But him? I remember a few years ago, someone did an analysis of his assets and what he inherited from his father and determined that if he had done literally nothing, he would have had more money.
I don't think it has to be either/or. The buffoon is running a circus, but his administration is trying to install themselves in permanent control of everything
I don't think it's the entire goal, but I do think that it is a goal of certain people in this admin. I think Steven Miran's section in project 2025 outlined a way to crash the value of the USD.
And it's definitely for the purpose of creating company scrip.
I had very similar thoughts, but I think now that's is just old fashioned greed and they're doing all they can to collect as much money as possible. They don't care if the American economy crashes because they're not depending on it. A lot of useful idiots are sucked into the maelstrom and will suffer with the rest of us, but the insanely rich will be fine.
It's also not just one thing. Some may want to bury the Epstein files, but the rest of them just want to be insanely rich. Everyone has a different reason to be in on the grift. And they do it because they believe they can get away with it. I don't think it's much more complicated than that.
Crashing the world economy, especially the first world and the west, and most especially USD also benefits Putin, which is a non-negligible, non-coincidental factor in anything the orange chancre does.
I buy it, except for the reason being to force digital currencies. He's doing it because daddy Putin wants to destabilize the west. Trump is just a useful idiot.
I would believe that your theory is also true too though, being pushed by people like Musk or Thiel.
Add in the overlapping interests of the oil companies and I think you're onto something.
You explained Yarvin's plan to a T. Thiel and Vance will make it happen once The Clot breaks free.
Dedollarization of the global economy was a component of project 2025
@MajinBlayze @tacoplease If I heard or read that, I've forgotten. However, I've been following the economy for a long time (parent was economist). I've been waiting for the dollar to be trashed by the evil out there and turned into rubles. Can't have a strong dollar when democracy is being killed off.
Technically I've overstated it a bit, the more correct framing is that a major contributor of Trump's economic policy, Stephen Miran, also wrote a paper called "a user's guide to restructuring the global trading system" which advocates and provides guidance for removing the dollar as the primary reserve currency of the world.
But that seems like a distinction without a difference to me.
I don't think that that necessarily means we'll see the ruble in it's place though.
What’s you idea behind how the Federal Reserve came to be, what it is, and how that might differ from how it’s perceived? Anything? — just curious
Far as we remember, banks have always been a thing in one way or another, however one too many banks got robbed, destroyed or worse, everyone cashed out all at once; caused the US gov to initiate an insurance policy, which needed a treasury to fulfill those insurance policies, it was a way to help banks.
We think that was the beginning of the US federal reserve; if our memory serves us right. Idk the year or specifics, just that tidbit from history. If we’re wrong then please lmk lol
Google is that way ⬆️
"No, I love it – the numbers were great," Trump said. "You know what I really love? I love the inflation. You know why? Because as soon as this war is over, you know, I can say it now, something you didn't know. You know, we've been taking out millions of barrels of oil, nobody knows it. You know who doesn't know about it? Iran, until right now we took out the other night 22 ships late at night with no lights because they don't have any radar because we blasted the crap out of it. We took out, that's why oil is $85 a barrel."
This is an all-time Trump quote. A masterclass in narcissistic dementia rambling. Someone put it on a pillow.
Now just imagine if Biden did or said this. Or Obama, or Hilary. The right would have a full on meltdown and a J6 everyday.
Where is the left's meltdown and J6 then? Why you guys so docile?
Too many view it as "too radical" cause it'll interrupt brunch.
we gotta take the "high road"
I swear to God if I sift through your comments and find something about the lack of gun control in the U.S.
Edit: surprisingly few comments, nothing about gun control. You're in the clear for now.
Nice, thanks for the background check, Peter Thiel
First, there's many types of leftists, a concept that conservatives seem to be unable to grasp. Second, because you really don't want to see the appropriate response unless absolutely necessary. That is to say, death mitigation.
I have almost reached the regrettable conclusion that the Negro's great stumbling block in his stride toward freedom is not the White Citizen's Counciler or the Ku Klux Klanner, but the white moderate, who is more devoted to "order" than to justice; who prefers a negative peace which is the absence of tension to a positive peace which is the presence of justice; who constantly says: "I agree with you in the goal you seek, but I cannot agree with your methods of direct action"; who paternalistically believes he can set the timetable for another man's freedom; who lives by a mythical concept of time and who constantly advises the Negro to wait for a "more convenient season."
— MLK
This description fits most liberal Americans.
He also raped and killed kids and their mothers on purpose. He loves fucking kids, as stated in the TRUMP-EPSTEIN FILES (TM).
It's a strategy only great minds like his can grasp.
Don't forget they probably also ate children like i was veal to them. I don't doubt that man has eaten a person, a personality like that would do it for the fun of it.
He is a Baal worshipper
He is like the biggest narcissist you will ever meet in person. He will always tell you nobody knows technology and any other subject better than he does
The Treason Ship sailed on January 6, 2021. We don't have to grasp for Treason, it's already well-established.
@foggy @tacoplease I don't know but this should be. Asshole likely gave them the location.
Fm RadioFreeEurope: Old news. 3/7/26
WASHINGTON -- US officials on March 6 told RFE/RL that Russia is providing Iran with targeting information to attack US troops and military assets in the Middle East, confirming a Washington Post report that suggested Moscow is playing a substantial if indirect part in the widening regional conflict.
Get ready for all the magamushferbrainz to start saying how inflation is good for us and they looooove high gas prices.
He's under 30% approval? Just who are the remaining 20-some percent of people that think he's doing good on the economy?
Look, I get why the centimillionaires, billionaires, and centibillionaires would support Republican policies. They stand to make buckets more.
But if you are not in that stratosphere, why would you think he's doing you any favors?
He's not under 30 percent, it's 35 at the lowest. The evangelicals are solid behind him, as they expect him to help bring about the rapture, where the world gets drowned in lakes of blood and fire. Not joking. Here is the polling.
Sorry, I was talking about the polling on the economy, where he hit 29% approval this week:
Given that, yes, a certain type of smoothbrain will support Republicans no matter what - as you point out - that's an abysmally low number. The bottom 20% or so are probably just simply unreachable. Remember what Nixon's numbers were even as he hopped on a helicopter after resigning in disgrace and failure.
Yeah, you're right. Nixon was still right around 30% or so as he was leaving.
There are so many people that think zero is the bottom floor on any government or leadership approval poll, but it's not. There are always going to be somewhere between 20-30% of diehards that will claim support even as dear leader is hiding in a bunker from consequences. Nixon's 30% -- "but that's almost a whole third!" -- was actually rock bottom. Even Pol Pot could get 30%, and I have no doubt Hitler could as well. That's the actual floor, not zero.
You really can't point this out enough.
People keep pointing this out when I talk about centimillionaires, but that's not how it is used, so I use the more common one.
Individuals with net assets of 100 million or more of a currency are commonly termed centimillionaires,[21] or more rarely hectomillionaires.[22]
Lots of phrases get distorted by journalists and activists who don't bother to learn their correct use and just go by vibe. "Begs the question" is beyond recovery, but 'centimillionaire' makes as much sense as '600% discount.' 80% of people ignore any statement containing a number, so the subtle difference between hundred and hundredth is hard to convey.
Charles Darwin would not play football on a centi-meter long field.
Yes, no disagreement here. But I'll let others police the language. I don't really have the time.
Not my pig, not my farm.
If you get most of the culture/media talking about UHNWIs to flip over to hecto instead of centi, more power to you.
He’s under 30% approval? Just who are the remaining 20-some percent of people that think he’s doing good on the economy?
More important is "where are all the people who oppose him and what are they doing?"... if the answer is something along the lines of "sulking in silence", they might as well not exist as far as the orange pedophile in chief is concerned
Approval rates mean nothing without action.
So far, the latest push of the goal post says they will do something about it in November... but IMO, waiting for that is just another huge leap of faith
Surely this gaffe will-
I can't, even as a joke. I am so tired, so very very tired
I'm 5 months behind on my podcasts so I'm now listening to all the coverage and analysis of the Maduro kidnapping. Everybody was saying that with how cheap oil is, it doesn't make sense to try to take Venezuelan oil which is heavy and requires a lot of refinement. In that context shutting down the Strait of Hormuz makes perfect sense.
I also listen to a lot of politics and it amazes me to this day the consensus is not he's a fucking idiot but in the context of he is Putin's puppet and the goal is to destroy America and the Western Alliance he's doing what he's meant to do.
The problem is very smart people like Dr. Janice Stein are quick to say there's sure as shit smoke but we don't factually know what the deal is with Trump and Putin but we all know something is there
Those two things aren't mutually exclusive.
One can be a fucking idiot and Putler's lapdog.
Saying "we don't know for a fact he's working for the Russians" is just willful ignorance.
The aforementioned claims by Shvets, which were also a significant basis for Craig Unger's best-selling book, American Kompromat: How the KGB Cultivated Donald Trump, and Related Tales of Sex, Greed, Power, and Treachery, were also backed by Alnur Mussayev, former head of Kazakhstan's intelligence service, and Sergei Zhyrnov, an ex-KGB officer living in France.[26] Mussayev also asserted that Trump is compromised:
I have no doubt that Russia has kompromat on the US President, that over the course of many years the Kremlin has been promoting Trump to the post of President of the main world power
Yes. Yes he is this stupid. Once you get over the incredulity that nobody could be like this, just skip to the end and know that a self serving, idiot narcissist can do this and worse.
They already claim they’ll suffer for the “greater good”. Otherwise known as, “I’ll suffer but I won’t admit I was wrong”.
It looks like they're not reporting on it yet, if they ever will. I did see an article about how he's "containing" the inflation the democrats created. I don't think this is an audience that will check primary sources, so their media outlets can pretty much say whatever they want as long as it confirms the audience's assumptions.
Of course not.
Of course he loves it. It reduces the effective value of his debts.
@tacoplease I've been plastering this where I could. 2014 interview with hannity on fox bs. chump was asked what m a g a ?
"You know what solves it?
When the economy crashes, when the country goes to total hell and everything is a disaster — then you’ll have riots to go back to where we used to be when we were great."
They're doing it in spades. Hope it boomerangs on oligarchs' evil.
He's thinking of race riots where black communities were wiped out. He's hoping for the whites to rise up and kill every non-white this time.
Yeah they don't want Rodney King 2 they want Tulsa or Rwanda 2
@discocactus @tacoplease They're settling for 1/6 and 9/11 in color or black and white.
I love it for all the poors that voted for him as well as all the dumb dumbs who didn't vote at all.
So he admitted to market manipulation, surley this time there will be consequence...
Have you heard his farts on TV? He sure loves inflation alright.
He's also now saying it's his idea again, and not that Israel was doing it and drug him along.
Fucker just says anything
I hate to do this to you guys, but Iran's going to have a nuclear weapon very soon. We have to go and attack.
Am I wrong to interpret that as overtly sarcastic?
Like he is making an off handed remark that the nuclear weapon thing has always been a bs justification toattack another country?
Who the hell needs a nuke to hurt the US? The US is doing so much worse to itself and it's former soft power. A recent report in Europe found that only 1 in 10 Europeans (from various countries, about 15-20 were asked) consider the US an ally. The tourism industry in the US is probably never to recover from Trump because the problem isn't Trump, it is the fact that 70mæ million americans have shown themselves to be totally cool with fascism if it means they can feel superior as they're getting fleeced by the criminals in charge.
we're there, folks!!! we made it through the looking glass!!
Perfectly reasonable.
Like all his pressers, it was just a rambling nonsensical regurgitation.
That's 4.2 percent per month, not 4.2 percent per year like we usually look at the numbers
@lemmy.world
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
go to feed...
@lemmy.world
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
go to feed...
We got here on this subject a lot quicker than I expected honestly.
save