President Donald Trump ratcheted up his pressure campaign on Federal Reserve Chairman Jerome Powell.
  • Wilco@lemm.eeEnglish
    0·
    2 months ago

    No, this is not incompetence, it is insider trading. They had a plan with tariffs and made their money. When Trump finally falls the people that raised up that useful idiot will all get to keep the insider trading money they made by yo-yo’ing the economy.

    • jacksilver@lemmy.world
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      2 months ago

      The issue the OC is talking about isn’t something you can just walk back and take your winnings. Owning the husk of a once great economy isn’t really a great outcome.

      I don’t think anyone understands that if he ousts Powell/gets his interest rate lowered, we’re looking at a depression or worse. That kind of economic crisis has the potential to ruin literally anyone, including the wealthy/elites.

      • mriguy@lemmy.world
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        2 months ago

        I don’t think anyone understands that if he ousts Powell/gets his interest rate lowered, we’re looking at a depression or worse.

        Um, I think everyone except his hardcore followers understands that.

        • jacksilver@lemmy.world
          0·
          2 months ago

          If that were the case he wouldn’t be in power anymore. Either enough people don’t understand or don’t believe it.

          • CharlesDarwin@lemmy.worldEnglish
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            2 months ago

            Many cowards in the Republiqan Party. Also a whole lotta stupid people more engaged in their stupid identity politics who have the mantra of “any criticism of donvict is because someone just has ‘trump derangement syndrome’ and something something argle bargle DEI”.