r/LinkedInLunatics • u/stewartmader • 2d ago
It’s about crashing something
I bet this thought leader would also claim that crashing a car is a “yield strategy” to generate a down payment for a new one.
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u/True-Ad-7224 2d ago edited 2d ago
The only economics class Eric took was from reading a campaign flyer from a Victor Orben. Even the conservative Wall Street Journal editorial section is shitting its collective pants. But Eric has it all figured out.
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u/Guido-Carosella 2d ago
Look, you don’t get to be the head of BitPanda by… wait, what’s BitPanda again?
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u/TetraThiaFulvalene 2d ago
Even if the plan was to slow down the economy, he's doing it in a way where starting it again becomes almost impossible. They're also doing absolutely nothing about the deficit, which you would of you were worried about interest. Trump also doesn't have the brains out the patience for macroeconomics anyways. Either he's acted like a moron for 50 years to botch a half-assed macroplay without raising suspicion, or he's just a moron.
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u/Bud_Fuggins 2d ago
I see conservatives bitterly argue with leftists and liberals on a daily basis about all sorts of things, but whenever someone brings up the fact that the Trunp administration is increasing the deficit despite all the cuts to services its always just crickets.
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u/RecognitionHefty 2d ago
Simple rule of thumb: if there were a plan, they’d explain it.
They explain about finding all the countries unfair, and about hurting them. So that’s the plan.
It’s not a good plan, but why would I assume there is a clever plan in the background when the one they present is this kindergarten nonsense?
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u/Donkey-Hodey 2d ago
It’s fun watching MAGAts reverse engineer their lumpy Dear Leader’s blatant stupidity into absolute brilliance.
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u/Few-Cycle-1187 2d ago
It's kind of like that meme about how Elon Musk could slam his dick in a car door and his techbros would say "Ahh, masterful gambit, sir."
They're all in on the cult. So whatever he says must be right and therefore if it doesn't sound right you have to twist and turn until it works.
Gold medal Olympic level mental gymnastics.
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u/V1c1ousCycles 2d ago
The mental gymnastics is what's so scary about this excessive hero-worship culture that's now bled into our politics. Their need for their heroes to be godlike and not be fallible is so pathological that they have to literally distort reality to cope when they inevitably do miscalculate something.
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u/Green-Cricket-8525 2d ago
It’s all 4D chess guys. Some of you will suffer but that’s a risk tech bro douchebag is willing to make.
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u/someonetookmyid 2d ago
He has a point though - it is a recession strategy, i.e. strategy that gets you a recession.
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u/LogicBalm 2d ago
I've never heard of "inflation in the short term" before. Inflation is historically permanent. Prices simply don't go the other way. And there's reasonable arguments for why they shouldn't. Any debts incurred before deflation occurs still need to be paid, so deflation can make debt harder to recover from. This is Econ 101 stuff.
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u/JustATownStomper 2d ago
I'm all for slowing down growth and reducing wasteful productivity, but the fact that mr. Potato-head is nose-diving the economy while also burying green and social inclusive policies makes me think that this isn't some master plan but just really backwards economics. The guy isn't thinking about a sustainable future, he's thinking about going back to the industrial era in every sense.
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u/Nick_W1 2d ago
He’s going to get the jobs back that were outsourced to other countries, because it was cheaper. The “master plan” is to make everything more expensive, so bringing them back makes financial sense to US managers.
Of course that means that everything is more expensive, so there may be economic implications (but who cares about that?). Of course if nobody can afford to buy anything because they have no jobs/money, the factories/mines won’t get built.
And it will only last until the political will fails, and the tariffs are removed. Probably about the time that the new factories/mines etc are half built, if anyone is stupid enough to build them.
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u/triple-verbosity 2d ago
Yeah I just don’t get the logic. Probably because it’s illogical. If I own a company that relies on foreign manufacturing my margins just got completely killed. Where am I supposed to get money for a factory? Why would I build a factory here if the political environment will probably change completely in 2 years? All this ends up being is a huge cost to the American consumer.
Even under some dream scenario for MAGA where all these domestic factories suddenly appear, they will largely rely on automation and there won’t be a massive hiring of uneducated boomers squeezing horse dewormer down their gullets.
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u/TheRealSatanicPanic 2d ago
Where do you find workers for all that anyway? There aren't millions of unemployed people sitting around wanting to work in a factory, especially since ICE is deporting people.
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u/HeyItsTheMJ 2d ago
“Slow down the economy” … clearly someone never studied WWII and how the economy was almost crippled because of a slow economy…
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u/Formal-Hospital-8523 Narcissistic Lunatic 2d ago
I want his wealth taken away. There is a delusion that comes with being wealthy and he is deluded.
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u/clduab11 2d ago
While this all sounds good on a LinkedIn post...
The truth is twofold: a) historical analyses consistently favor strategies that foster competition [sorry nationalists, it's a global world we live in], and 2) for this to even REMOTELY work, there has to be a counterbalance of aggressive, offsetting R&D investment so American companies don't have to pay taxes/get credits/matching Federal funds to get up and running quickly to fill the hole in the market.
But did (read: would) these people think about that? nooooooo....
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u/FitAnalytics 2d ago
Good luck yielding anything when no one buys your shitty products from pretend factories that don’t exist. No one will want to buy your treasury bonds/national debt and your AAA credit rating from moods? Kiss that goodbye.
The world doesn’t trust you. Simple as that.
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u/Francesca_N_Furter 2d ago
Oh my god....the evil posturing these people do to cover their fuckups is MADDENING.
I am not averse to a military coup in this country.... I just really hope it happens soon.
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u/GoatResponsible8948 2d ago
As of today, we’ve lost $9.6 trillion in the market since Trump took office.
So, in order to save billions, on $9 trillion in debit, he’s cost us $9.6 trillion (so far) in wealth. Yeah, that’s brilliant.
I just hope our next revolution is French.
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u/Potentputin 2d ago
I actually don’t think this is a bad take. I do think the wording is deuschey af
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u/Guido-Carosella 2d ago
I love how we need to do this to ease $9T in the federal deficit, which Trump is about to increase with more tax cuts for his super rich buddies.
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u/cybercuzco 2d ago
Ok but who is going to buy those 9T of bonds if we piss off the whole world? Lack of demand will mean we have to increase interest rates so it’s a lose lose scenario. Better to let the economy deflate naturally so someone will be there to buy the bonds. The thing that makes the most sense is that this is an attack on the west by Russia
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u/Quantitative_Methods 2d ago
Sooooo, instead of improving and growing the economy (I mean the whole thing - public sector, private sector, wealth distribution curve, etc... - not just nominal GDP per capita), thus allowing for increased government revenue via tax payments on said growing and improved economy, we're just going to say "fuck it" and crash the whole thing because we signed up for debt payments that we are afraid of making in the next 12-24 months...
I see Eric is taking a page out of Trump's "stable genius" handbook here.
Also, I have a BS & MS in Econ and an MBA. I know what I'm talking about. I don't know everything about the economy, but I know a whole damn lot more than this chump.
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u/Fun-End-2947 2d ago
Lol.. he watched Season 7 of Game of Thrones and sees Trump as the Daenerys Targaryen figure as she witters on about "Breaking the Wheel", then used some vague LLM horseshit nonsense to justify his confusing boner.
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u/DapperGovernment4245 2d ago
You know what else would help refinance the debt? Less debt, like what you get when the economy grows and tax receipts increase. Maybe a dash of increased taxes especially on those who don’t spend a huge portion of their income on survival. Boom instead of saving millions on interest we save millions by not having as much debt to pay interest on and just as a small bonus we have less debt.
Crashing it will cause tax receipts to go down and even with lower rates more debt to pay interest on.
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u/Lower_Amount3373 Agree? 2d ago
There's a whole industry around sanewashing the things Trump says and does
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u/ThimbleBluff 2d ago
Yeah, let’s slow the global economy down with tariffs. A slower economy will lead to less money coming in from taxes and tariffs, so deficits will rise, and demand for US bonds will fall, making it harder to refinance the growing debt, including the $9 trillion coming due in 2026.
Brilliant.
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u/triple-verbosity 2d ago
I love the fresh MAGA take that destroying the global economy is a good thing. These people are so far gone.