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Trump Dictatorship and All Things Politics

fishonjazz said:
Wow that is so wrong on so many levels.
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But is it surprising? He was already doing this sort of thing the summer of 2020 when his (masked) army fenced off the White House after he fled in the bunker and there were BLM protests around. I’m old enough to remember his thugs arresting people for walking around Portland and he demanded that governors “get tough.”

Like… seriously, did people just memory ****ing hole his entire first term? Muslim bans, ******** on immigrants, massive corruption, and mass arrests of people was the norm. He’s doing it more now because he’s not fighting for reelection and the “normal” republicans who attempted to babysit him aren’t around anymore.
 
The Thriller said:
But also… he should be prosecuted for espionage and treason.
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Well we are now seeing why one of the first things he did was to fire a bunch (14 iirc?) of Inspectors General and eliminated a bunch of oversight and watchdog mechanisms. Hard for investigations to happen when any wrongdoing is suspected if the ones who did the investigations no longer exist. He was pretty upset by the previous investigations that have been done for his past transgressions so one of the first things he did upon taking office was to decrease the chance that he would be investigated for any future transgressions.
 
I work closely with a co worker from vietnam who is here legally and has been for a long time now. She is afraid to post anything negative about trump on social media for fear of being detained. Deleted her facebook account after seeing that woman get snatched off the street.
 

The dollar could fall 29% against the euro before getting to the point where typical consumer goods and services cost the same. It could fall 18% against the Canadian dollar known, for some reason, in currency markets as “the Loonie” — before reaching the same parity. And it could fall a staggering 37% against the Japanese yen and an incredible 52% against the Mexican peso before prices levelled out.

“With the exception of the Swiss Franc and Icelandic Krona, the US dollar is unusually strong,” Antweiler tells me. “This means that US exports are relatively more expensive compared to goods produced elsewhere, and it also means that US imports are particularly cheap… The US dollar is currently going through a phase of broad over-valuation.”

This is the absolutely essential context for understanding the Trump administration’s economic, financial and trade policies, which economists and financial planners are increasingly describing as “the Mar-A-Lago Accord.” U.S. President Donald Trump wants to slash the value of the U.S. dollar against other international currencies, to make U.S.-manufactured products cheaper both at home and overseas while making other countries’ manufactured products more expensive.

The use of “accord” deliberately echoes the so-called Plaza Accord signed by the U.S. and other major world governments at New York’s Plaza Hotel in 1985 — two blocks from Trump Tower, as it happens — to end another period of U.S. dollar overvaluation. But there are a couple of major differences this time around. First, nobody so far has signed anything. There is yet no Mar-A-Lago Accord. Second, there may never be one.

With the Trump administration, unilateralism is a feature, not a bug. For better or worse Trump is trying to bring down the dollar through turmoil.

Where will it lead? Place your bet. One of my go-to gurus this week, after begging me “find a way to quote me so that I won’t get murdered in the streets,” said Trump was successfully bringing on a U.S. economic recession both to plunge the dollar and to bring down long-term interest rates. This, he added, was critical to passing his big tax cut bill. The U.S. government cannot afford to finance its massive deficits and enormous national debt at current interest rates.

“Trump and the Treasury Secretary want yields down in a recessionary chaotic environment to justify passing their tax plan,” he says. “It does appear that he needs chaos to get his tax plan passed.”

The Committee for a Responsible Federal Budget estimates that making the 2017 Trump tax cuts effectively permanent would add another $37 trillion to the national debt over the next 30 years.

Inflation expectations now are rising, not falling. The five-year so-called “breakeven” rate, which is the bond market’s forecast of average U.S. inflation over the next five years, has been edging higher for the past week. This, despite signs that the Mar-A-Lago Discord is having its predictable effect on the confidence of U.S. consumers, corporate CEOs and others.

Trump needs a falling dollar, not rising inflation. In this context it’s worth adding that the Mexican peso is almost 20% lower against the dollar than it was a year ago. To the Mar-A-Lago Discord worldview, that helps Mexico and hurts the U.S.
 

Donald Trump appeared unaware on Wednesday that four U.S. soldiers had gone missing during a NATO training exercise in Lithuania.

When asked by a reporter if he had been briefed on the situation that began to unfurl hours before, the president replied, “No, I haven’t.”

He then moved on to take another question.

The missing soldiers are all from the 1st Brigade, 3rd Infantry Division, which is currently deployed to reinforce NATO amid rising tensions with Russia.

They disappeared during a tactical training exercise in Pabradė, roughly six miles from the border with Belarus, an ally of Russia, according to a statement from the U.S. Army.

The soldiers’ armored Hercules vehicle was found submerged in a body of water within the training area, the Army confirmed.
 
The Thriller said:
you can vote him out in 2028. It’s why this last election was so important. Democracy was on the line
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Democracy was on the line in 2024 and the democrats lost so the democracy that was on the line in that election was lost, but there is going to be another election in 2028 where you can use democracy to vote the democrats into power. Lefties. :rolleyes:
 
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fishonjazz said:
The dollar could fall 29% against the euro before ...
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"Could" is doing some heavy lifting in that thought. Most economists believe enacting the proposed tariffs will put Canada and Europe into immediate recessions. Neither has robust GDP growth now, and both have trade surpluses with the US which means they both have more to lose in a reduction of trade than does the United States. The piece might as well have started with magic genies could appear and start granting wishes, or aliens from outer space could arrive to impose their draconian rule which could result in changes to the economy.
 
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It would be so nice to be a mob boss and to be allowed to just fire and eliminate the police force.
 
LogGrad98 said:
electrek.co

Tesla is banned from Canada EV rebate program, gov freezes suspicous $43 million in rebates

Tesla has been banned from upcoming federal EV rebate programs in Canada as the government freezes the suspicious $43 million...
electrek.co electrek.co

lolol

Should be on trial for fraud
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Fraud? The program was paused because Canada ran out of money to fund it. Tesla was cut off but so was every other EV.

"program was paused due to a lack of funds. ... The government told other (not Tesla) car dealers who actually delivered EVs before the end of the program that they couldn’t get the rebates"

Do lefties ever read anything beyond the sensational byline?
 
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