Trump 2.0 official thread

PiSigma

PiSigma

"the engineer"
plawolf said:
The only think that trickles down is shit and piss.

Trickle down economics is at best pure fantasy, and most likely deliberate fraud by the wealth to justify them stealing the lion share of a nation’s economic wealth for themselves.

The economic reality is that if you want to maximise economic growth, you should distribute wealth to the poor, not the rich.

For poor people, giving them a 1000 of them $1000 extra disposable income each will generate at a minimum $1000 of short term general consumption, since they will have been suppressing consumption previously since they could not afford to consume what they actually need. That $1000 is then likely to balloon into $2-3k additional consumption via the multiplier effect.

But if you give that same $1,000,000 to one billionaire and you are not going to see much if any additional consumption, since the billionaire already had more than enough wealth to consume to the limit of his appetites. At most you might get him buying an extra Rolex or similar hyper-inflated ultra luxury item that generates almost zero multiplier effect, since the profit margins on those are so high it’s basically a parallel closed loop economy where the ultra wealth basically trade amongst themselves and just add a bunch of zeros of the end of prices.

The principle justification for trickle down economics is that concentrating wealth at the top gives those lucky 0.1%ers the opportunity to invest. Which would have been truth if the stock markets weren’t totally divorced from reality, so all the ‘investing’ in stocks and shares only serves to pump an equity bubble instead of leading to anything actually being built that could lead to more employment and increased production.

This is terminal stage capitalism, where greed has been allowed to run rampant so long that the economic indicators and measures of wealth are no longer even approximately correlating with reality that normal economic principles no longer apply.

At the end of the day, at its core, Finance and Economics is supposed to be about the measurement and allocation of finite resources. That doesn’t work at all when you have manufactured phantom ‘wealth’ worth many times your actual resources. The normal result of this is hyperinflation. But the west has managed to create a band-aid to delay the inevitable in the form of Trickle down economics theory.

The fact that trickle down economics is bullshit and doesn’t add consumption and actually suppresses it is precisely why America needs to do it, to trap as much as the excess phantom ‘wealth’ in hyper inflated luxury goods like mega-yachts, sports cars, ‘art’ etc as possible so the inflationary impact doesn’t spill over too much to the general population.

Otherwise imagine what would happen if the trillions of phantom wealth of the top 100 richest people were given to the poor and they immediately went to spend it all on everyday items, hyper inflation as demand vastly outstrips supply.
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Totally agree except on one point. No self respecting millionaire or billionaire will buy just another Rolex. I have my eye on a A Lange & sohne and a Patek.
 
Maikeru

Maikeru

Major
Registered Member
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S

sndef888

Captain
Registered Member
It's really funny to finally watch Europeans realise how much of a bitch they are of the Americans

Especially defence after the recent veto on Gripens, not to mention full control over their social media, cloud computing, telecoms, technology, USD hegemony etc

These are things that this forum has been talking about for years and Europeans are somehow only realising now

Yes, Europeans, you are an economic colony, nothing to be surprised about.
 
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siegecrossbow

siegecrossbow

General
Staff member
Super Moderator
sndef888 said:
It's really funny to finally watch Europeans realise how much of a bitch they are of the Americans

Especially defence after the recent veto on Gripens, not to mention full control over their social media, cloud computing, telecoms, technology, USD hegemony etc

These are things that this forum has been talking about for years and Europeans are somehow only realising now

Yes, Europeans, you are an economic colony, nothing to be surprised about.
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Bet the European leaders are now super regretful of getting recorded bonking underage girls on the Epstein Island.
 
C

chlosy

Junior Member
Registered Member
Maikeru said:
Patek Philippe I think you mean. Personally prefer AP.

Meanwhile, Trump has imposed 25% tariffs on EU. But EU was formed to screw the US, so deserve it:

https://twitter.com/i/web/status/1894807233948455397
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These tariffs, seems like a sideshow. Trump announced tariffs on Canada a few weeks ago, and they are deferred. Almost sound like threats, negotiation tactic more than planning to actually implement.
 
00CuriousObserver

00CuriousObserver

Junior Member
Registered Member
Not sure if posted, but Rubio's comments on "reverse Nixon":

“I don’t know if we’ll ever be successful completely at peeling them off of a relationship with the Chinese,” Rubio said when asked if Trump’s efforts to end the war in Ukraine are similar to Nixon’s famous moment of heading to China to curb the Soviet Union. “I also don’t think having China and Russia at each other’s neck is good for global stability because they’re both nuclear powers, but I do think we’re in a situation now where the Russians have become increasingly dependent on the Chinese and that’s not a good outcome either if you think about it.”

“The big story of the 21st century is going to be U.S.-Chinese relations,” Rubio said. “If Russia becomes a permanent junior partner to China in the long term, now you’re talking about two nuclear powers aligned against the United States, and even ten years from now or five years from now, if this trend continues, we could find ourselves in a situation where whether Russia wants to improve its relations with the U.S. or not, they can’t because they’ve become completely dependent on the Chinese because we have cut them off. I don’t know if that’s a good outcome for us. What’s a better outcome for us is to have a relationship. We’re going to have competition and maybe even direct confrontation — not militarily I hope, but otherwise — with the Chinese because they’re doing all kinds of cheating and stealing when it comes to trade and economics. We’re going to have disagreements with the Russians, but we have to have a relationship with both. These are big, powerful countries with nuclear stockpiles. They can project power globally. I think we have lost the concept of maturity and sanity in diplomatic relations. Part of diplomatic relations is the ability to communicate with and manage through problems with other great powers around the world to avoid war and to avoid conflict. But I think having a situation where the Russians are permanently a junior partner to China, having to do whatever China says to do because they are dependent on them, I don’t think that’s a good outcome for Russia and it’s not a good outcome for America or for Europe or the world.”


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