openpgp4fpr:E0C3497126B72CA47975FC322953BB8C16043B43
I didn’t mean to dispute that. I just checked what you stated and posted what I found for anyone else who, like me, wasn’t up to date on this meeting. I share your assessment.
The AP reported:
The 88-year-old pope offered the Catholic vice president three big chocolate Easter eggs for Vance’s three young children, who did not attend, as well as a Vatican tie and rosaries.
The penguins will tariff him up.
I think what @[email protected] means is that the recent UK Supreme Court ruling gives some cover to Starmer, allowing him to pin some of the dissatisfaction with his eventual acquiescence to US pressure on the judiciary (even though Labour, being in control of the legislature, could fix the laws instead of washing their hands…).
I for one find “Genocide Don” quite catchy. The problem with this label is that the man himself and most of his supporters will likely just shrug it off as if it weren’t worth denying; it would be like calling a paid assassin a “murderer”.
If Putin’s tables are anything to go by, those Russian couches must be nice and curvy in JD’s eyes.
Yeah… I still have clips of Blackwater’s ‘adventures’ in Iraq. If they’re still as humane and accountable as they were back then, seeing them anywhere is a bad omen.
That’s exactly it. Owners want people desperate, because desperate people work for less. As you point out, they start with “illegals”, but they will eventually come for the old and the disabled too, because some people will have to pick up where Social Security left and care for them and, in doing so, will become even more desperate. Who will risk their job fighting for their rights knowing that not only their own livelihood, but also that of their old mother or their disabled brother is on the line? We need to be clear: this is not about government efficiency or even a crackdown on “illegals”, but a war — the owners’ war on us workers and our kin.
They’ve been manufacturing consent in a similar way in Germany, agitating against immigrants and dubbing some or all people in your situation “Sozialschmarotzer” –“social parasites”–. Under the pretense of fighting those threats they conjure, they’ve been dismantling social security — without DOGE’s viciousness, but bit by bit.
All that big talk about forcing countries to negotiate
Trump indeed touts tariffs as international leverage, but they’re just as much if not more of a domestic power play that forces US businesses to kiss the ring in order to get exemptions. Businesses that pledge allegiance keep their supply chains and survive, whereas those that don’t satisfy the Mango get to pay tariffs and compete with exempted businesses in a weakening consumer market with decreasing purchasing power.
World’s reserve currency. When it inevitably switches to the yuan
That’s neither inevitable nor likely at this point. China’s capital controls, ongoing devaluation of its currency and demonstrated willingness to prioritize the state over investors –at least some of which are positive things I wish we had– make Chinese assets in general and the renminbi in particular not investible to the degree necessary to achieve reserve status. The euro has better chances for now, especially if European debt is unified and becomes more liquid.
The expression “world economic anchor” is meant literally and factually: the United States are the world’s strongest consumer market and therefore drive demand and economic activity like no other, and, more importantly, the US dollar and Treasuries serve as a reserve currency and asset, respectively, for both central banks and private investors. This arrangement is unfair, in its own macroeconomic ways that have nothing to do with exceptionalism, manifest destiny or cultural superiority, to both the rest of the world, who end up funding the United States, and common US denizens, who suffer from inflated assets.
I think this charade parade is both a play to his MAGA base and a sort of loyalty test to see who in the military goes along with him.
On the one hand, I share your doubt, which is justified in the face of all the deceit and mismanagement that Merz in particular and the CDU and CSU in general engage in and their disdain for the public good. On the other hand, the fact that the Sovereign Tech Fund / Agency survived the German budget crisis gives me some hope that it will at least stay.
Although they could do more, I wouldn’t say they don’t care. For instance, Germany established the Sovereign Tech Agency.
This is due to a few people in power, not because of tsunamis etc. So this can switch over in just a day.
In my view, the damage is very real and businesses will keep suffering even if Trump winds down his tariff ambitions, because the uncertainty and unpredictability hinder investment decisions. For example, if you managed an aluminium business like Alcoa, would you put up the cash to set up new smelters in the US despite melting stock prices, high borrowing costs and the possibility that the tariffs shielding those US smelters from foreign producers are reduced or even scrapped altogether without warning? Many businesses are “damned if they do, damned if they don’t”.
I’m sure there are smart plays in this market, but I’m also convinced that we’ve entered a bear phase.
On Reddit someone posted a parody of the whole affair. I believe it was originally posted on r/wallstreetbets, but it has since been deleted.
Donald Trump did indeed write at least the first three sentences back in 2018. I couldn’t find a source for the rest of the quote, but (a) I wouldn’t put it past that man to utter such nonsense and (b) it’s only fair we indulge in some stretching of the truth, given the extent to which he and his lackeys disregard it.
You got me at first and I almost went looking for references of David’s evil brother. TIL the actor who played the character of John Hammond in the film Jurassic Park and its sequel was David Attenborough’s elder brother.