Bullshit. A significant % of the US population is still cheering this on. Nothing will change.
True, but it’s only a matter of time before it bites those people in the ass. Whether or not they’re smart enough to understand the cause (Trump/Musk chaos) or not - they’re going to suffer.
The best you can hope for this cohort is that they’re disenfranchised enough by the mid-terms to sit out the election and allow for a massive shift in the House and Senate… but given how spineless and feckless the Dems have acted over the past four years - I’m not holding out a”much hope.
I think if they want him to stop doing a coup our politicians need to physically stop them.
Or we need to. Like the constitution says.
Perhaps if they blocked him with their wheel chairs.
I’ve seen more “straight” white men willing to get down on both knees for this guy and let him do as he pleases. These single-digit IQ people will go to the grave thinking he’s the guy. It’s pathetic.
He can fuck it all up, and they’ll still somehow manage to blame Democrats. I have yet to see any people who voted for him actually come to say they regret it. These are not critical thinkers. Republicans won in the early 2000s when they began gutting public education.
There are three classic examples from the 20th Century of stupid people. The dumbshit Nazis who kept their political faith while the Allies were turning German cities into granules and the lunatics continued to believe in the BS well after the war. Add the Stalin and Mao supporters and their completely fucked up version of communism. The MAGAts are identical to the above fucknuts.
5% is a free fall? They’re going to run out of superlatives next month.
Lemmy User Slams Rawstory
Lemmy user verbally eviscerated in legendary comment thread [xpost MurderedByWords CleverComebacks]
Reported sightings of a Pegasus
I seem to remember visiting their homepage last year sometime, and every headline was some variation on [Name of politician][aggressive verb][target of ire][reason for the spat], e.g.:
- “John Bloggins slams Joe Blow for wearing a plaid tie”
- “Mary Sue rips Judicial Committee for goat scandal”
- “Peter Flarking haymakers Geraldo over unreturned library books”
“MAGA republicans slam Trump for …” and your read the article and it’s one isolated tweet from some rando nobody heard of before.
Wait til these idiots try to abolish the FDIC.
People know that banks engage in all sorts of complex, stupid, and risky financial derivatives engineering. The only reason anyone has confidence in the banks is due to FDIC insurance. If they fuck with that, it will trigger a run on every bank in the country. I imagine Congress would step in to stabilize things, but it could be quite hairy for awhile.
Honestly, right now, for those who are able, keeping a decent chunk of cash in your mattress is no longer the game of cranks and weirdos.
Most people have no idea what FDIC is. They have confidence in banks because “that’s where you put money”. They have no concept of what their personal bank failing would mean.
If Musk said he was shutting down the FDIC, the vast majority of people wouldn’t care until after their bank failed. By then it would be too late.
I agree that most people have no idea what the FDIC does currently. But if the FDIC did disappear, people would be educated very quickly. When I say “people,” I mean enough people are currently aware of it that the FDIC’s disappearance would immediately trigger a complete bank run on every bank in the country. And if the FDIC did dissolve, you can be sure that the media would be breathlessly reporting on what a catastrophe it is. That alone would trigger mass bank runs.
And I would push back on the idea that there is nothing that could be done, that it would be too late. At that point, I imagine Congress would step in. They would reestablish the FDIC and restabilize the banking system. They could simply say that all bank deposits are going to be retroactively protected, and that the Federal Reserve will print whatever money is necessary to make people whole again. That could be done. And enough wealthy and powerful people would be screaming at Congress to do this, that I think even the Republican Congress would do it. I don’t trust Congress to do what is needed to protect the poor. I do trust them to do what is needed to save their own hides. I don’t trust a Republican Congress to prevent a bank from screwing me over with sketchy fees. I do trust a Republican Congress to act when their own life savings are being wiped out.
Thus I don’t think people need to a prep for a complete and permanent collapse of the banking system. I’m recommending more that people, if they are able, to have enough currency to buy food for the few months it might take for Congress to restabilize the system and for Musk to be tied to a boulder and thrown into the ocean.
I imagine Congress would step in to destabilize things, but it could be quite hairy for awhile.
I assume you meant stabilize, but given that Congress is controlled by Republican freaks, I’m unsure.
You are correct on both counts!
This is extra dumb because the fdic is funded by insurance premiums paid by the banks. It literally costs taxpayers nothing
It’s only your money they’re playing with
As someone who does IT audits for banks in Puerto for FDIC audits, this is scary. The banks will embezzle, but they’ll also get hacked so we won’t know where the money went.
This makes me think twice about having a bank account at all.
What should paycheck to paycheck people do (serious question)?
I’m sorry, but I don’t know. I wish I could offer better advice. But really the best advice I can give is to get in touch with or start forming local mutual aid groups. I realize being able to keep say, $1k in cash in your house somewhere is not an easy lift for a large portion of the populace. And I don’t mean to trivialize the difficulty of that.
But also, this is a “put on your own oxygen mask first” situation. If we do have some sort of catastrophic banking collapse, those with resources will be more able to help others if they’re not drowning themselves.
Besides mutual aid, you might focus on building up a stockpile of dry goods or vital medicines. I think (perhaps too optimistically), that a complete collapse of the banking system would be one of the few things that would finally get even the Republican Congress to get off their ass and start passing some emergency legislation. I would hope that part of that emergency legislation would be rent and eviction freezes, bans on penalties for missed rent and mortgage payments, and actions to reestablish the FDIC and restabilize the banking system.
I think most politicians are self-serving shameless wealth and power chasers. And for Musk/Trump, if they had an ounce of brains between them, the one rule would be “don’t fuck with the money.” If even Republican Congress members are seeing their life savings wiped out, then that’s one of the few cases I could see them actually standing up to the orange bastard. If that happens, if DOGE manages to crash the banking system, Musk will be lucky if he doesn’t end up a bloody stain on a wall somewhere. He’s risking seriously pissing some very wealthy, very powerful people that you really do not want to fuck with. Some very evil amoral people who have no problem against even murder.
So I think if there was a major crisis in the banking system, I think eventually things would be stabilized. But in the meantime, I think what people should do is be prepared to survive for a few turbulent weeks or months. That could mean a reserve of physical cash, a stockpile of dry goods, a mutual aid network, etc. I don’t think it’s reasonable for any but the most wealthy to seriously plan for a complete and permanent collapse of the banking system. But it is within the power of most people to at least plan for a few turbulent months. That’s obviously easier if you’re not living paycheck-to-paycheck. But even if you are, there’s quite a lot a few dozen people working together can accomplish if they are able to help each other out when a crisis arrives.
Honestly, right now, for those who are able, keeping a decent chunk of cash in your mattress is no longer the game of cranks and weirdos.
Another smart idea is moving cash out of the dollar.
Another smart idea is moving cash out of the dollar.
I’m personally not too worried about a complete collapse of the dollar. People like to pretend that the dollar isn’t backed by anything simply because it isn’t exchangeable for gold. But it is backed by something. It’s backed by the combined economic output of 330 million people, the largest or second largest economy in the world (depending how you measure), the most powerful military in the history of the world, and a terrifying arsenal of 5,000 thermonuclear nuclear warheads. Ultimately THAT is what the dollar is backed by.
You could collapse the banking system and wipe out everyone’s savings, but the fundamental foundations of the value of the US currency would still be there. The military would still exist. The vast resources, infrastructure, and human resources of the populace would still exist, etc. I personally do not think it likely that the currency will simply disappear. I’m more concerned about a mass bank run scenario than money literally becoming worthless. If anything, such a crisis would likely be deflationary rather than inflationary. It’s possible the value of American dollars would actually soar in that scenario.
But if you do want a hedge against complete currency failure, I understand. But I would be specific about what “out of the dollar” really means. It doesn’t mean gold or bitcoin. Bitcoin and other crypto is already a huge bubble, and it’s propped up by the same clique of tech bastards that risk crashing our economy right now. If the tech bros crash the banking system, going into a store and trying to pay for something in crypto is likely to see you lynched.
As for gold? Actually paying for things in gold in a crisis is a right-wing prepper fantasy. An amount of gold equal in mass to a penny is worth about $250. It’s just too valuable per gram to be usable as a currency. In ye olden days, they did use gold as a currency in some times and places, but people had the infrastructure to handle it. How many stores have you been in recently that have fine milligram scales at their checkout counters? Do you have the tools to handle small quantities of gold dust? Gold may be useful as an investment vehicle to whether a crisis. But in terms of actually buying the essentials of life during an economic crisis, it’s useless.
If you’re worried about the dollar itself collapsing, look at what’s happened in countries that actually have had their currencies collapse. Look at countries like Zimbabwe. When currencies collapse, people don’t start using gold or other precious metals. They tend to just switch to other currencies that haven’t collapsed. People in Zimbabwe didn’t switch to gold. They instead started using American dollars, Euros, and the currencies of adjacent countries.
If you’re in the US and worried about dollars themselves becoming worthless, you should keep a stockpile of Canadian dollars, Mexican pesos, Euros, Chinese Yuan, etc. I think Canadian dollars and Euros would probably be the the currencies that people would most likely accept in the event of a complete collapse of the US dollar.
Dollar stability is largely due to petroleum. If OPEC decides to start accepting Euros in payment, the dollar will lose strength quickly.
Add the Swiss Franc. I cannot recall if it ever croaked.
That’s only smart if the dollar doesn’t keep going up.
It’s a very strong swing between two polls in only a few weeks. It is perhaps presumptive to call it a freefall this early, but if the trend continues it certainly would be.
Are you surprised!? It has always been based on feels unless you think (check notes) Telsa is worth $360 per share.
I know, right? If you look at the PE ratio between say, Ford, and Tesla, it’s almost comical.
Shhhh the cybercucks might hear you.
Cybertrucks can’t hear very well. They have rust in their ears
God I love that word
Truly is a great word. Need to use it more.
The voters fucking love him. are you kidding me? fuck this fake news bullshit. voters lick this guy’s asshole
Yes, my BiL is a-okay with everything so far and is not shook in the slightest. It is mind-boggling.
It’s cause Fox is telling them how great everything he’s done is. They aren’t seeing the reality.
A couple of years ago I tried talking to him about branching out with his information sources. It obviously did not work. Nothing that president Musk and his lackey trump are doing would appear to affect him (yet) so there’s zero empathy for anyone who is.
I’d love to shake him loose from this, but I don’t really know how. I don’t have much skill in breaking cult worship.
Social Security and Medicare cuts are my last hope for breaking the spell.
The news is so entertaining now!
US vs Mexico & Canada! Yeah that’ll teach those guys who is the BOSS!
US vs Greenland! Maybe the country will look super big on the map after this?! Exciting!
US vs Public Servants! Yeah fuck those leeches getting paid with MY taxes!
Total divorce from reality and practicality. The only thing that matters is the show being put on for them while our pockets get picked.
Damage is done… Thanks will voters that make a choice without factual context or the “protest non-voters” that thought the sidelines sent a message
Man who threw molotov cocktails at gas station blamed for explosion.
Sounds about right.
Crowds cheer as arsonist blocks and tells first responders and fire fighters to leave and not do anything as gas station burns … even as experts warn that the stations fuel tanks are about to explode.
Oh nonono. You break it, you buy it - 4 years of hell will hopefully teach you damn cultists to fucking never ever do this again. Or choke on it, as long as it’s over I don’t care either way.
He broke the country 8 years ago and the majority blamed Biden because it wasn’t all immediately fixed after their regret.
Democrats getting blamed for not fixing Republican fuck-ups.
Truly a tale as old as time.
Yeah, and what’s truly exasperating is how many bothsiderists/centrists, the “liberal media” and many leftists help the Republicans in affixing this blame on the Democrats…
And democrats giving everyone a reason to not vote for them. Turnip didn’t win the last election, the dems gave it away.
If only Kamala had promised everyone a pony I would have been motivated to go out and vote against fascism.
She really should have. Trump had no shame lying about everything. You can’t counter that. After the election is over, you can point out the lies but by then it’s too late.
There is no downside to lying because the mainstream press is fully right wing.
Well, except the media will put a laser focus on any mistakes Democrats make, nevermind any brazen lying. They will fact check a Biden stutter, for example, or do endless exposes on Hillary’s emails.
When a Republican does, well, just whatever they want, really, including incredible amounts of brazen lying, it’s just expected.
The Democrats are expected to be as pure as the driven snow, otherwise it’s a steady drumbeat of criticism for them from the “liberal media” (and the batshit insanely RW media, too).
Exactly. The mainstream press is right wing. They’re going to cover anything a Dem does that could be considered a lie. But it’s after the election.
The new model has to be to win at all costs.
I am not disagreeing with you, but it definitely was because the Dems refused to clean up after Cheeto Benito.
Not just that but they wanted to diehard hold on to the Israeli genocide machine no matter the cost, including the election … even though everyone screamed at them to let go in exchange for a vote.
I have no idea why everyone in power in America no matter the party has such a hardon for Israel and perpetual war in the Middle East.
Not supporting Isreal would had cost votes too.
It seemed to me that on the one hand, internationally, idiots like Bibi and Putin were emboldened by Trump and then both of them just hid behind the status quo - that the Dems won’t touch - long enough that the shit they started tanked Biden’s presidency.
Also, the whole political class in the US is just too old to try to adapt to stuff. Another news article is calling out the Dems for “failing to keep up” with 83 year old Trump.
That’s the beauty of all those Executive Orders, they hurt rather quickly. But yes, I agree that those modern goppers ride on the wave of the previous Democrat’s economic policies, while the next Democratic president has to pull the country back from the bog.
All these people learned last time is that they could be bigoted pieces of shit and get away with it.
Yes, I hope they will learn, but it’s a really small piece of hope, on the brink of death, that I’m carefully nurturing back to life. It is very small and extremely fragile, maybe the humane thing is to end its suffering…
I mean… what did you expect? His plan from day 0 was to tariff everyone and obliterate the government’s ability to function. You REALLY can’t feign ignorance and surprise when he does that.
You definitely can. It’s psychotic but that’s how MAGA operates. They all have their individual interpretation of what Trump means when he says things they don’t like. Then when he does things they don’t like they pretend they knew he was going to do it the whole time and it’s actually their favorite thing about him. God damn cultists.
Does not matter.
During the 2024 presidential race, Donald Trump repeatedly claimed that the U.S. economy was terrible under then-President Joe Biden and then-Vice President Kamala Harris. But according to U.S. Bureau of Labor Statistics (BLS) figures, unemployment stayed under 4.0 percent from February 2022 through April 2024.
Yet again the reporters show they do not understand the average person. Pop quiz hotshot: If employment is low but we still can’t make ends meet, will we support the incumbent party?
Wolfe and Pinsker cite 58-year-old Paul Bisson as an example of someone who voted for Trump in 2024 but now has reservations about his economic policies, including tariffs.
Bisson told WSJ, “I don’t like the turbulence. I don’t like the chaos in the market…. That will make the economy worse, and that’s not what we signed up for. We’ve already cut back. There’s no more cutting back to do.”
Boo fucking hoo, ya dumbshit
Nicholas Schuch, a 38-year-old Durham, North Carolina resident who voted for Harris… is thinking of moving to a country he believes has a better monetary policy.
Schuch told WSJ, “I was thinking Switzerland, potentially…. I just expect things will be chaotic, and that that is what life is now.”
The only smart person mentioned in the article and it’s because he’s aware of how well the Swiss do when there’s a surge in fascism.
Lol, fucking Trump bump? The minute that fucking clown was sworn in the markets fucking tanked. Markets were fucking killing it under Biden, I was up over 60%. Since Trump was sworn in, I’m only up 30%.
The only Trump bump is the one in the ass of his pants with he’s shit his diaper
Not a normal diaper, but a Chinese made Gold Diaper.
This would be more believable if it were actually in freefall. Just look at the last month and on a market that was due for correction with covid but instead seemed to become bubble proof.
Can we stop posting RawStory links? It’s just ragebait. Trump’s cult is still VERY strong. Sure, it’s easy to find a few people who’s faces have been eaten, but most have their faces buried so far up Trump’s ass that the leopards can’t get to them… yet.
The sequel to Rabbit Proof Fence got terrible reviews: Leopard Proof Face
