• LupusBlackfur@lemmy.world
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    3 months ago

    “It’s likely that Trump would want assurances that his next pick for the Fed would lower interest rates,” Fortune reported Thursday. “The dollar’s decline is therefore a sign that investors are nervous that U.S. monetary policy might end up in the hands of someone who doesn’t understand, or care, how inflation works.”

    (emphasis mine…)

    Well, yeah… That’s just making it easier to manipulate the markets however you wish at the time.

    Watch for the upcoming next season of the Insider Trading Grift Show. 🤷‍♂️ 🤡 🖕 💩 💩

    • ChonkyOwlbear@lemmy.world
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      3 months ago

      I think he assumes that as long as nobody in the police or military stops him, he has the authority to do whatever he wants.

      • Uli@sopuli.xyz
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        3 months ago

        Or he just wants it to make the news so his co-conspirators can buy low after which point he can reverse course in (rolls die) 3 days and they can sell high.

    • abdominable@lemm.ee
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      3 months ago

      Doge has taken over private businesses and the supreme Court says the president can do anything they want (with some fine print that says as long as they are Republican).

      Our laws mean nothing now.

        • Soup@lemmy.world
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          3 months ago

          And yet, if Trump replaces the chair with a yes-man and no one stops him then he does control the fed and therefore the money. And it doesn’t look like anyone is stopping him from doing this kind of shit any time soon.

          Fucking hell, it isn’t that complicated.

    • evenglow@lemmy.world
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      3 months ago

      Last time, it took weeks of multiple people telling Trump the President doesn’t print money. Weeks…

    • Carmakazi@lemmy.world
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      3 months ago

      I’d think he loses sleep over the idea that someone so powerful doesn’t answer to him, the Supreme Leader President of the United States. So he wants to correct it.

    • cabron_offsets@lemmy.world
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      3 months ago

      So far, exactly two forces have stopped the worst of his actions: federal courts and a “yippy” market. The courts are frail. The USD, equity markets, and Treasuries are only formidable if people have faith in American leadership and the rule of law. Draw your own conclusions. I will buy more precious metals.

  • Disaffected Scorpio@lemmy.world
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    3 months ago

    Damn… this is awful. It’s great if you’re visiting from the UK or the EU countries - but with Trump’s Gestapo running crazy and Tom Holman threatening all tourists who would want to visit? Effing horrible

  • Alloi@lemmy.world
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    3 months ago

    im going to buying american property during your recession. UNO REVERSE FROM THE GREAT WHITE NORTH, BABY!

  • UncleGrandPa@lemmy.world
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    3 months ago

    His (or should i say Putin’s plan)

    Is not to neuter the US but to Permanently remove it as a world power