r/law • u/INCoctopus Competent Contributor • 1d ago

Court Decision/Filing ‘This unlawful impost must fall’: Conservative group sues Trump claiming tariffs are ‘unconstitutional exercise of legislative power’

https://lawandcrime.com/high-profile/this-unlawful-impost-must-fall-conservative-group-sues-trump-claiming-tariffs-are-unconstitutional-exercise-of-legislative-power/
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u/MadDingersYo 1d ago

It's going to be bad and it's going to be bad for a long time but I promise you the market won't hit zero within a week. The dollar will still hold value by next weekend. Less value, sure, but not no value.

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u/ThrowAwayGarbage82 1d ago

Single day losses of 6%, given a week, is going to wipe out markets to the point where the economy is going to be in smouldering ashes. Having read my history and talked to my late grandparents who lived through the great depression, i can see the writing on the wall.

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u/MadDingersYo 1d ago

Again, shit is going to be bad but you'll still have bills to pay next week. Next month too. You'll still be able to buy groceries and watch Netflix. The doomerism isn't helpful and it's damaging your mental health. Keep your head on.

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u/ThrowAwayGarbage82 1d ago

Being unprepared is wholly unwise. It's like the people who are left scrambling after a major hurricane. I'm in NC and they're still finding bodies from Helene.

My grandparents lived through the great depression. I spent a lot of time asking questions and listening to their stories. Rest their souls. They were a wealth of information and what things look like when the economy fails. People are deep in denial about where this is headed and are going to be blindsighted. I urge people to please have emergency supplies. Don't be caught wondering "what now?". I have survived the unexpected before and it absolutely pays to have a plan and be ready.

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u/MadDingersYo 1d ago

I don't disagree with any of that. I never suggested it's unwise to have a plan. Not even once. We're now having two different conversations.

My only point was that markets won't hit zero by next weekend and you completely ignored that That's all I was getting at. That is doomerism and is not helpful.

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u/ThrowAwayGarbage82 1d ago

Have you been watching the losses? If this continues it's going to be a bloodbath for stocks and the value of the dollar.

I mean, you're welcome to your rose colored glasses but i don't share your enthusiasm.

By the way, i got called a doomer repeatedly when last year i said "watch this. He'll get re elected and never face consequences for all those felonies". Those people were strangely quiet after that exact thing became reality. This plan has been so public and obvious for such a long time, all i can do is shake my head at people who don't understand the reality of what's happening or where it's going.

Some of us read the entirety of project 2025. Go look at their completion ticker. They're literally tracking their gleeful destruction of the government, the economy and the country. I also suggest you look at yarvin's butterfly revolution because it's what the entire thing is based on. That insanity is becoming reality because people are still sitting around going "lolz that can't happen" as it's actually happening.

Best of luck. Have a plan and make sure you have emergency supplies.

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u/MadDingersYo 1d ago

I have been watching the losses all day. It's pretty insane. It's bad.

But when the dollar holds value next week and the market still exists, you'll be wrong about your initial claim, right? Do you remember what it was, at this point? This is an easy "yes or no" question.

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u/ThrowAwayGarbage82 1d ago

Yes. And if the current losses continue i'm going to stand by it. A 50% loss is in essence the same as zeroing out because the economy will be so mortally wounded that it will be staggering around bleeding profusely while the dollar becomes not worth the paper it's printed on.

Like i said.. my grandparents were great depression survivors. I still have recordings of my grandpa talking about it. He gave very detailed accounts of what happened and how it happened/progressed and what that looks like.

If the bleeding stops (i don't see that happening unless he backs away from tariffs and countries drop their retaliations) then sure things could still be stumbling along. But if we're going to post losses of 6% every day it's going to be a snowballing problem that leads to devastation. I don't know why people are like "lol it's cool it'll turn around, it's fine, i got my netflix". That boggles my mind. Why are people under this weird illusion that this regime isn't bent on destruction?

Oh well. Yah, i'm sure it's fine and all is good because bread and circuses.