They accused "wokeness" for "turning people gay" but it seems Trump's complete mismanagement of the economy is doing that.
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Deniz Opal (selzero@syzito.xyz)'s status on Wednesday, 28-May-2025 16:07:03 JST Deniz Opal
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Deniz Opal (selzero@syzito.xyz)'s status on Wednesday, 28-May-2025 16:35:30 JST Deniz Opal
The Dow is down over 6% since Trump took over.
The markets being happy when they think he might u-turn his Batshit insane policies just proves how Batshit insane they are.
Unless they are directly transferring value to the populace, I prefer politicians to follow the Post 1970 Charles de Gaulle school of politics. Lay down very still and do nothing.
If you are trying to support Trump's insane economics you are probably also Batshit crazy.
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nanook (nanook@friendica.eskimo.com)'s status on Wednesday, 28-May-2025 16:35:35 JST nanook
@selzero The two historical highs of the Dow Jones have happened this month on the 15th and 20th respectively.
I suppose you think a 30 trillion depth and a three trillion deficit, the way Sleepy Joe ran the economy, is a good thing?
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Deniz Opal (selzero@syzito.xyz)'s status on Wednesday, 28-May-2025 17:53:40 JST Deniz Opal
I don't mind debt honestly. Countries can print money so it's much of a muchness.
However Trump's policies are creating the biggest rise in US debt in history.
Trade imbalances and deficits are good. It means you are the rich economy buying from the poorer economy.
Who has the "trade imbalance" between a millionaire and a butler?
MAGA US wants to become the world's butler rather than the millionaire. We don't mind. We just like laughing at it.
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nanook (nanook@friendica.eskimo.com)'s status on Wednesday, 28-May-2025 17:53:41 JST nanook
@selzero You and I can disagree, I would only encourage people to go look at the graphs and the actual data. Then the argument is over. That said, I also notice that you ignored my other points, do you think a 30 trillion dollar debt is good or sustainable? How about a similar trade imbalance? Or a three trillion deficit? Especially when that money is just pored into the toilet, not into things that would actually build the economy? -
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Deniz Opal (selzero@syzito.xyz)'s status on Wednesday, 28-May-2025 18:05:18 JST Deniz Opal
@nanook
The quote you are looking for is Milton Freedman's "Inflation is taxation without representation"I built macroeconomic analysis systems for the world's biggest banks. Your money in your bank is probably being invested via my systems. So if I don't understand economics, you want to take your money out of the banking system.
Also, you fell into my trap.I knew you would come back with an inflation answer. Which is why I had this little "CPI since Trump" screenshot prepared. Enjoy.
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nanook (nanook@friendica.eskimo.com)'s status on Wednesday, 28-May-2025 18:05:19 JST nanook
@selzero This only proves that you do not understand economics.
You have X amount of goods in the economy, Y amount of dollars, so the price for goods becomes a function of X/Y, you increase Y, debt, price goes up. Inflation is a hidden tax.Deniz Opal repeated this. -
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Deniz Opal (selzero@syzito.xyz)'s status on Wednesday, 28-May-2025 18:38:59 JST Deniz Opal
Man you are hilarious.
"You can't do that because what about debt?? What about inflation??"
"Trump's policies are increasing debt and inflation WITHOUT that upside anyway"
"YyEs bUt wHaT aBOut BiiddErnnnn"
Grow up man.
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nanook (nanook@friendica.eskimo.com)'s status on Wednesday, 28-May-2025 18:39:00 JST nanook
@selzero Not what I am looking for, it is empirically obvious. And yes there is still a lot of work to be done, but the debt doubled in the last four years of Biden. You can't add 15 trillion dollars to the debt and not have some lingering effect. -
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Deniz Opal (selzero@syzito.xyz)'s status on Wednesday, 28-May-2025 19:55:44 JST Deniz Opal
WE ARE LOSING THE ECONOMICS DEBATE!! QUICK, SPREAD THE LIE ABOUT FOREIGN CRIMINALS! DO IT! WE ARE SINKING HERE!
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nanook (nanook@friendica.eskimo.com)'s status on Wednesday, 28-May-2025 19:55:45 JST nanook
@selzero Grow up? Sorry I'm 66, of the age that I realize that squandering money on solar panels that don't make power at night and bike trails isn't going to help us, I'm old enough to know that bringing foreign criminals in and giving them stuff so they will vote for you isn't a good idea, and I'm old enough to realize being in debt is not good. -
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Deniz Opal (selzero@syzito.xyz)'s status on Wednesday, 28-May-2025 20:56:50 JST Deniz Opal
Trump is your predefined solution you are inventing problems for.
Like having a hammer and going looking for a nail.
Problem is, every problem you say he can solve, has only exploded since his policies.
Shitty markets, rising CPI, rising crime, everything he is supposed to fix he makes worse.
And you have to live with it.
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nanook (nanook@friendica.eskimo.com)'s status on Wednesday, 28-May-2025 20:56:52 JST nanook
@selzero Go ahead and put your head in the sand. We can either take action necessary to solve this or wait until the whole system collapses and dissolves into a civil war. Sure glad AI is becoming a thing because natural intelligence is sadly lacking. Deniz Opal repeated this. -
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Deniz Opal (selzero@syzito.xyz)'s status on Wednesday, 28-May-2025 23:45:01 JST Deniz Opal
What happened in your life that you became a shill for the government.
Bad government policies are creating horrible implications for your day to day life. Decreasing your life quality.
And you are out here on the Internet defending the government to random strangers.
When did this start?
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nanook (nanook@friendica.eskimo.com)'s status on Wednesday, 28-May-2025 23:45:03 JST nanook
@selzero If your powers of observation are such that you can't see the problem then it is clear why you also can not offer solutions. -
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Deniz Opal (selzero@syzito.xyz)'s status on Thursday, 29-May-2025 16:25:06 JST Deniz Opal
You do not understand business or economics at all and in 66 years of life you do not seem to have read a single book.
You are just shilling for the government.
If Biden had set these Batshit insane tariffs you would have rightly called them out for being Batshit insane.
Instead you are out here shilling for the government. Twisting your brain trying to find excuses for Batshit insane policies, as they fuck up the economy.
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nanook (nanook@friendica.eskimo.com)'s status on Thursday, 29-May-2025 16:25:08 JST nanook
@selzero What happened to your life that you became a complete troll? Shill for the government I am not. But I do understand basic economics and business. And I understand the path we were on was NOT a sustainable or even temporarily desirable path. -
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Deniz Opal (selzero@syzito.xyz)'s status on Thursday, 29-May-2025 16:29:29 JST Deniz Opal
Everyone else with an IQ above 40 knows the whole point of the tariffs is that countries pay into Trump's crypto system or whatever and get the tariffs taken off. The only upside is to him.
The rest of you just buy his red hats and pay the tariffs 🤣
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