Trump claims he tanked economy on purpose: 'I love the inflation'

12 days ago by tacoplease to c/politics

President Donald Trump insisted he loves inflation caused by his war in Iran and claimed he tanked the stock market on purpose.The 79-year-old president spoke to reporters Wednesday in the Oval Office, where he was asked about year-over-year inflation hitting a three-year high of 4.2 percent last mo...
load all comments
MajinBlayze 36 points 12 days ago

Dedollarization of the global economy was a component of project 2025

path: 0 24195914, hotness: undefined, score: 36, children: 12
bedifferent 10 points 12 days ago

@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.

path: 0 24195914 24196002, hotness: undefined, score: 10, children: 10
MajinBlayze 5 points 12 days ago

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.

path: 0 24195914 24196002 24196153, hotness: undefined, score: 5, children: 9
partofthevoice -1 points 12 days ago

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

path: 0 24195914 24196002 24196153 24196237, hotness: undefined, score: -1, children: 8
politics
politics

@lemmy.world

login for more options
30158
30919
9765

Welcome to the discussion of US Politics!

Rules:

  1. 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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

go to feed...