“If the 4.8% fall in S&P 500 futures at the Asian opening isn’t reversed, then it’s on course for its worst three-day selloff since the Black Monday crash of October 1987.”

    • 5too@lemmy.world
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      10 hours ago

      Everybody’s talking about him. To him, that’s the whole point of life!

  • known_unknown@lemmy.world
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    16 hours ago

    All he has succeeded in doing is violently ripping the US away from its place at the center of the global hegemony.

    Which is not great for those of us in the US, but honestly had to happen, the rest of the world clearly cannot depend on us. Our entire political system is built on honor systems and pinky promises, the rich can do whatever they please and never see accountability.

    • Doom@ttrpg.network
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      15 hours ago

      100% this

      I am actually thankful we let this idiot ruin this country. Fuck this country

      • some_designer_dude@lemmy.world
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        15 hours ago

        Yeah, as a Canadian, this had to happen. Kamala winning would have just delayed this. The trajectory’s been this direction since Reagan or earlier so hitting “rock bottom” was more important. The delicious irony is that while Trump thinks he’s building a stronger, more independent America, he’s actually just making a stronger, more resilient global trade market and isolating his own country from ever being welcomed to participate in it.

        The world wasn’t taking advantage of the US. The world made the US what it is by being its global market.

        Not anymore. Sell your locally-made garbage to yourselves and watch as the world turns you into Russia 2.

        • known_unknown@lemmy.world
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          14 hours ago

          What I hope happens is we oust him and do some serious work on our systems that prevents stuff like this.

          Though the track record of our leaders is pretty depressing, maybe they’re starting to wake up now that we get to see Endgame Capitalism

        • CitizenKong@lemmy.world
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          15 hours ago

          Russia 2.0 is the endgame. These fuckers are all fans of Putin and absolutely love how he has funneled his country’s wealth directly into his own pockets. Forget Elon Musk, Putin is the actual richest man alive, although we will probably never know exactly how rich.

        • Tarquinn2049@lemmy.world
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          14 hours ago

          He’s bulldozing the way for someone to pave the way to universal mincome being accepted. The main hurdle it needed to overcome was how much beurocracy it would take to consolidate all other programs under one roof. If there are no other programs in the way, it all of a sudden becomes the easiest way to re-establish it as quickly as possible.

            • Tarquinn2049@lemmy.world
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              1 hour ago

              I’m guessing my wording wasn’t great in the first one. Was intended as a follow-up in the same vein. I can rephrase with more detail if my point came across wrong.

              It sure seems like his plan is to basically get rid of every financial support. Once they are all gone, there will pretty much be an immediate revolution since so many people will have nothing to lose then, and then from the rubble left over, the only possible solution that could be implemented quickly enough to restore functionality is a universal mincome.

              Since there are currently like 100 different ways someone could qualify for financial support that basically add up to the same thing in effect, just with an insane amount of overhead. Restoring that in any kind of reasonable timeframe would be difficult, especially if the plan is to “accidentally” mess up while rewriting the database and “accidentally” delete all current data. I don’t really know what other outcome to expect with them promising to completely rewrite it from the ground up in such a short time frame.

              I do expect them to at least try to get rid of as many social programs as possible, especially the ones directly doling out money. And if they do them one by one, they won’t get very far before people rightfully assume “theirs” might be next, so doing them all at once as a surprise just seems like the only possible way to get rid of them all. And making it seem like an accident is the only chance, slim as it may be, that they have of even possibly getting away with it.

              One-third of the population of the United States receives some form of financial aid. 100 million+ people. I think that will 100% be an actual tipping point, even though so many things already should have been the tipping point. And once it tips, there’s gonna need to be an “after”. A universal basic mincome that you automatically qualify for without needing to jump through any hoops, just X amount of money until your income is at least Y amount, then reduced by a percentage/ratio until hitting 0 when your income is Z amount. (Indexed to inflation)

              All the tests of a universal mincome have proven that it not only works, but it works better than all current systems. But there are hurdles to implementing it from such a complicated current system, especially in all the cases so far where it was intended to only be temporary as a test. So, basically, one of the only silver linings that might come from what the US is going through right now, is a possible wide-scale implementation of a mincome, and once it is proven stable on a wide scale, more countries might have reason to implement it without bulldozing their whole world first.

      • Damage@feddit.it
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        10 hours ago

        I’m a bit worried about all those warplanes, warships and nuclear tipped ICBMs

    • kibiz0r@midwest.social
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      12 hours ago

      I remember watching a Noam Chomsky talk where he said replacing USD as the global reserve currency could be a good thing for ordinary Americans, long-term.

      I don’t think he had anything like this in mind for how to do it though.

  • Suavevillain@lemmy.world
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    15 hours ago

    Do you love Trump more than your 401k, Your savings and country? We all know the answer already. But it is up to Trump cultists to come to it themselves. If this was Biden doing this, they would have gotten him impeached and removed from office. This man has no economists or data backing up his choices. I believe that report of him feeding that shit through ChatGPT.

    • barneypiccolo@lemm.ee
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      36 minutes ago

      Putin. Its always Putin, using Skum and HitlerPig as his muscle.

      When will people truly internalize that the two biggest foreign Sociopathic Oligarchs, have partnered up with the most prolific traitor in American history? None of them have any loyalty or patriotism toward America, and only see us as a big, rich, fat, lazy target to be ruthlessly exploited and looted, and it’s happening in real time before our eyes.

    • Voroxpete@sh.itjust.works
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      14 hours ago

      Actually this is hitting Russian markets too. And Putin is apparently not happy about this talk of annexing Greenland either.

    • IninewCrow@lemmy.ca
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      16 hours ago

      Nothing is going to happen there until millions of people start starving in the streets

        • BreadAndThread@lemmy.world
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          16 hours ago

          When people start literally starving is when they literally have nothing to lose. At least in jail, they get food. This will end very bloody.

          • qantravon@lemmy.world
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            13 hours ago

            At least in jail, they get food.

            For now. There’s already reports of immigrant detainees being starved.

            • BreadAndThread@lemmy.world
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              12 hours ago

              I’m not talking about immigrants. Trump has choked off most support to low income people, so when these tariffs really hit home, millions of Americans will learn what it means to literally starve. Many of which will be stunned that the leopard i a eating their face.

  • zephorah@lemm.ee
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    15 hours ago

    Trump is that kid on beach who watches you build a big, beautiful sand sculpture and then cannonballs right into it just as you’re about to finish. Then laughs.

    • Auli@lemmy.ca
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      1 hour ago

      He’s probably doing it as revenge for losing to Biden. Burning it all down cause Americans where to stupid and voted for him.

  • Kraven_the_Hunter@lemmy.dbzer0.com
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    15 hours ago

    Everybody knows by now that this buffoon always says the opposite of his true feelings, right?

    “Luxurious” --> cheap crap “Beautiful” --> tacky/hideous/etc “Amazing” --> I just learned about this thing that everyone else has known for decades.