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    Trumponomics

    Started by RE Apr 21, 2025, 01:39 PM

    Message path : / Society / The American economy / Trumponomics


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    RE

    • Administrator
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    • Chief Intellectual Dry Humper
    • Posts: 1,763
    Apr 21, 2025, 01:39 PM
    Time to reboot Ben Lichtenstein!  ;D


    How far down can El Trumpo crash the stock market and the dollar before the Illuminati take matters into their own hands?  His Royal Trumpness of course looks for someone else to blame for the chaos he is creating, now fixating on Jerry Powell. who he himself appointed in his 1st term.  The Trumponator would  like to appoint another syncophantic yes-man who would cut interest rates, which would make the problem worse since the Bond Vigilantes would dump USTs and the Dollar even faster.  The economic chaos which would ensue if the Trumpernutter had unfettered control over the central bank is scary to imagine.  Even without full control, the dollar's status as world reserve currency has its days numbered now.  If the BRICS could get their shit together fast enough and agree on a structure for a common currency now, about nobody would sign a new contract denominated in dollars.

    Thursday is May Day.  Look for a Black Thursday selloff.  The only thing that will stop a full on crash this week are market circuit breakers.

    Dow slides more than 950 points as Trump rips Fed Chair Powell, reigniting investor worries: Live updates

    https://www.cnbc.com/2025/04/20/stock-market-today-live-updates.html

    RE

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