this post was submitted on 12 Apr 2025
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Political Memes

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[–] Hikuro93@lemmy.world 3 points 1 hour ago* (last edited 57 minutes ago) (1 children)

Remember. He didn't back down (for now) because you were hurting as a person.

He backed down because his constituents - the ultra-rich, aka the ones best equipped of all to weather this storm they themselves asked for - complained that their power and wealth rate was decelerating.

Simple as. The people who build and maintain societal infrastructure with their sweat and blood would sooner be left to die than these elitists would see their unfathomable and unneeded amounts of influence drop even 1%.

[–] Jyek@sh.itjust.works 1 points 16 minutes ago

Almost certainly he backed down because he is manipulating the market and shorting on the whole economy. The whole reason for the stop and go tariffs is to cause market instability and panic selling. He shorts right before he introduces tariffs and buys when the market free falls. Then he pauses the tariffs to build the market back up so he can sell and repeat the whole process. This isn't about anyone but Trump.

[–] eltrain123@lemmy.world 28 points 7 hours ago (1 children)

It’s not a crash… it’s a wealth transfer. They saw how effective economic crisis was for wealth transfer during covid, and they are manufacturing a controllable version of that through on-again-off-again tariffs. The old advice of “stay the course” with your 401k may not be the best course of action anymore. But I’m no expert… time will tell.

[–] Cornelius_Wangenheim@lemmy.world 5 points 2 hours ago* (last edited 2 hours ago)

"Stay the course" is still the best advice. You don't actually lose anything as long as you don't sell. As long as it recovers by the time you retire and start withdrawing from it, it's fine.

The main problem would be if Trump's fuckery deals a fatal wound to the US economy and it never recovers. Even then, you can diversify right now into international stocks to mitigate that chance.

[–] WanderingThoughts@europe.pub 13 points 7 hours ago

Stock markets don't create or destroy money. They just move it around. Mostly from the poor to the rich.

[–] stoy@lemmy.zip 30 points 12 hours ago (1 children)

That depends on if you sold or held.

[–] MellowYellow13@lemmy.world 3 points 9 hours ago (1 children)

Neither, didnt play the game cause its rigged - and not in the common persons favor.

[–] stoy@lemmy.zip 3 points 43 minutes ago

Play the game smart, don't bet more than you can afford to lose, invest in stable funds, not volatile stocks.

I mean, the game is there, you might as well play it, but be smart about it.

[–] tigeruppercut@lemmy.zip 21 points 11 hours ago (3 children)

Hey I recognized a meme source for once. I'm just gonna take this post down to the "not old yet" store and force the kids skateboarding in the parking lot to accept me.

https://www.youtube.com/watch?v=eacQol2KFOA

[–] burgersc12@mander.xyz 6 points 2 hours ago

I Did A Thing is hilarious, I love the way he seems to just be screwing around in all his videos

[–] Kushan@lemmy.world 5 points 4 hours ago

I recognised it as well!

[–] idiomaddict@lemmy.world 12 points 10 hours ago

“They have also set almost as many people on fire as the American military.”

I was not expecting that at all and now there’s coffee everywhere

[–] jaybone@lemmy.zip 2 points 6 hours ago

Somehow both of these guys look like Edward Snowden.

[–] Snowclone@lemmy.world 8 points 12 hours ago

That's the thing. We're already dead.