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u/No_awards_please 19h ago
The sad thing is, EVERY expert on economics and financial markets worldwide has warned that Trump would plunge the USA and the entire world into the abyss with his tariffs. Even his own party colleagues knew it, but the greed for power and money turned them into spineless yes-men.
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u/Necessary_Assist_841 19h ago
How dare you blaspheme against the Holy God of Tariffs? While mere economists cower behind 'data' and 'reality,' the Divine One reshapes global trade through sheer willpower and divine tweetstorms. Collapsing supply chains? A test of faith. Skyrocketing prices? A heavenly tithe. His light blinds the unbelievers, his herd grazes on delusion, and his miracles are best understood in bankruptcy court. Praise be.
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u/Fartcloud_McHuff 11h ago
Do we think after a worldwide recession hits MAGA will finally have their “are we the baddies” moment or do we think their condition is terminal?
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u/Throwthisawayagainst 19h ago
This dude managed to bankrupt a casino. I'd bet hes a member of this sub.
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u/Capraos 17h ago
As his wife's boyfriend, can confirm.
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u/Cumulus_Anarchistica 15h ago
This dude managed to bankrupt a casino.
Trump Taj Mahal casino in Atlantic City. Opened in 1990. In 1991, $3 billion in debt. Filed for Chapter 11 reorganization, resulting in Trump giving up half his stake in the casino and selling his yacht and airline.
Trump Hotels and Casinos Resorts filed for bankruptcy in 2004. His casinos, including the Trump Taj Mahal, Trump Marina and Trump Plaza casinos in Atlantic City and a riverboat casino in Indiana accrued $1.8 billion debt.
Trump Entertainment Resorts (formerly Trump Hotels and Casinos Resorts) in 2008 missed a $53.1 million bond interest payment.
Four bankruptcies (the other was Trump Plaza Hotel in 1992) three of which were casinos.
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u/GAE_WEED_DAD_69 15h ago
People usually go broke and become homeless after 1 BANKRUPTCY.
This moron had multiple chances and yet still fucked up. The prime example of how nepotism can get you far in America.
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u/alphachan123 19h ago
My mouth and ass are so tired after two days behind Wendy's
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u/allmushroomsaremagic 17h ago
Try working inside a Wendy's. That's when you get fucked the hardest.
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u/MeasurementProper227 18h ago
Economists and financial experts said this the whole time in 2024 winning was never the plan for 90% of Americans or the world. Even musk said the economy was meant to crash hard but he didn’t plan on his company dying and now he’s complaining. He didn’t expect to hurt with everyone else. Trump wants a 2008 bailout economic plan.
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u/MerisiCalista 15h ago
It's a bit funny to think that Musk paid hundreds of millions to help the old guy get re-elected and implement his tariff policy.
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u/wrathofthedolphins 16h ago
“Oh no! He’s doing exactly what he said he would do and now my retirement is fucked!”
-Boomers who deserve all this and more
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u/TheIrishTitan 12h ago
Not sure we can only blame the boomers. The majority of gen z men voted for Trump, believe it or not
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u/NJMillennial 7h ago
Crashing the economy and giving up our global leadership position because woke
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u/Cntrysky78 19h ago
And that fear gauge is at 4 at this moment. I had never seen it that low before.
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u/Bored_Trout 19h ago
"just a market correction"
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u/AnyBug1039 19h ago
Permanent correction
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u/J3t5et 19h ago
Consolidation*** the wealthy/well-off get to buy stuff up at rock bottom prices while normal people are frozen with uncertainty.
If you have the means, buy and hold or get left behind. It sucks, but the game will be played with or without us playing.
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u/Handsaretide 16h ago
Hard to catch the falling knife. Yesterday’s deals are the dogs dinner right now.
Trade war is on Day 2 and the dictator has three more days of golf scheduled. Who knows what this coming Monday’s nickname will be.
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u/Mister_Sins 18h ago
"it's priced in, bro. Definitely not going to go any lower."
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u/Mister_Sins 18h ago
The "4 more years" poster in the background is just extra salt on the wounds lol.
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u/Lingweenie2 19h ago edited 19h ago
Yeah like someone said. Fear and greed is a 4. That’s insane lmao. Don’t believe I’ve ever seen it this low. Maybe not even below a 10.
Time to load the boat folks. I’m buying this fear till the cows come home. If this ain’t capitulation then i don’t know what is.
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u/jcoffee77 14h ago
Trump is shitty at every aspect of life accept for jerking off dozens and dozens of imaginary dicks.
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u/The_Oregon_Duck 14h ago
r/Conservative be like:
“I may be losing all my money but at least those Transgenders are going broke too!”
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u/barkingatbacon 14h ago
It’s not gonna be funny in a month when a new tv cost $1200 instead of $699.
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u/Kind_Ganache_1380 10h ago
Its going to be a really long 4 years. WTF were you thinking people?
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u/Cntrysky78 19h ago
And that fear gauge is at 4 at this moment. I had never seen it that low before.
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u/Wiskid86 19h ago
Free Falling - Tom Petty
Come on what are we doing here details yo
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u/jason-reddit-public 17h ago
Think I'll listen to that song when I start drinking tonight (or maybe sooner...).
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u/VECMaico 16h ago
Who is the bigger (size, not length), curly young man they start to associate with Trump?
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u/Low_Ad_5255 16h ago
You know what he's doing. This is market manipulation at it's most obvious. Once all his buddies have loaded up on cheap stocks he'll pull an uno reverse card, remove the tariffs and the rich get richer.
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u/Resoto10 16h ago
I just sold all my TSLA puts when elon said he'd stepped away from DOGE and it started climbing back to $270. What an amazing move....
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u/Dry-Cause-5608 15h ago
Not sure how you come back from this, hopefully they know what they are doing, but doesnt appear that way.
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u/DepartmentCautious34 15h ago
I got this post suggested by Reddit but I am not by any means someone who has knowledge about This. But can someone ELI5 who earns the money when all turns red?
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u/PlebeKing 13h ago
I’ll be honest. Idk why anyone is freaking out….he said he was going to do this…idk why everyone didn’t sell their stuff back in Dec/ Jan timeframe. This is literally what he said he was going to do and what he has said he wanted to do since 1988.
I sold essentially everything American late December / early January. Shorted a bunch of stuff too. Honestly the gains have been amazing. Did people really not see this coming?
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u/Think_Opportunity226 13h ago
Stable genius…because of Trump the phrase the house always loses , has become famous 🥶
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u/letsgetregarded 13h ago
They basically have taken full control of the dial on the economy. I think the plan is that they sold off everything and will buy back in at a cheaper price. Or maybe they just safely stashed everything in Bitcoin, and then they will buy back in when the price goes to the floor. But the risk is here that everything actually crumbles down.
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u/HistoricalFocus4834 13h ago
If you think this is bad wait till that 30T in debt catches up to the US 😂😂
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u/Legitimate-Smell4377 12h ago
i sure hope yall got potatos in the ground because you cant eat stocks
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u/Icouldntfindmytop 12h ago
As funny as this is, I'm really scared. His brainwashed MAGA fans will still support him.
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u/Subject-Excuse2442 11h ago
Glad I ordered my foreign currency for my trip before all this shit. Guessing my dollar won’t be worth as much pretty soon.
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u/Careless_and_weird-1 6h ago
Someone should teach some english to mango. The verb "to win" does not mean this
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u/BookkeeperQuiet7894 4h ago
World domination right here … crash everything, buy everything cheap then remove tariffs and have a stock market correction with all those cheap shares in your pocket.
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u/RoyalChris 20h ago
YMCA - Your Market Crashed Again