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nick
@nickysap
Thoughts on Trump's cabinet meeting. He refuses to answer any substantive questions from journalists and only acknowledges praise. His cabinet is full of subservient lackeys who will yes-man him or be eliminated. Trump's administration appears to be purposefully torpedoing the economy. They likely plan to force a mini-recession with mass job losses and rising prices, creating an environment where middle-class people have no hope and must start offloading assets (if they have any). They're expelling and deterring all migrant workers, firing thousands of federal workers, and imposing egregious tariffs on companies outside the US. Major companies like Apple are already capitulating, which will increase the price of EVERYTHING. There's a focus on quelling inflation, which means they'll eventually restart quantitative easing. Powell may present a challenge, but I'm sure they'll make things so bad that there's no choice. The only solace from this inevitability is hoarding Bitcoin, property, and cash.
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Babooun
@babooun
So, you’re describing a kind of dump and pump scheme ? Makes sense, but very dangerous for midterm elections ? Because I can understand the selfish lazy appeal of the maga cult but many might swing after feeling the consequences of this politics.
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nick
@nickysap
Trump doesn’t care about the midterms and I doubt he cares about Congressional seats either. If he can do which damage in 2 years there won’t be an option at the end of his term.
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Babooun
@babooun
Yeah, we can see a few clues that he despise democracy, separation of powers, checks and balances, freedom of press…He wants a court and a crown 👑 Do you think US institutions are strong enough to hold till midterms ?
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