The oligarchy thread

[frorider]

With the Bezos hilarity creeping in to the Musk thread, maybe we need a catch-all thread to keep the yucks going as we slide into 1990s Russian style corruption!

Keep it light & fun so thread doesn’t end up in polyass! TIA!

[J. Barron DeJong]

Zuck tagging in:



https://bsky.app/profile/thephatic.b.../3l7jzxmme5u2i

[altacoup]

Peter Theil is telling all these guys the betting market has already called it for Trump and that the stock market has already priced in a Trump win, I certainly hope they’re not right. But they’re all scrambling so they don’t get sent to the gulag. Pathetic bunch of dweebs.


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[TBS]

If the stock markets have priced in a Trump win we would have seen a Hudge selloff.

[Hopeless Sinner]

If the stock markets have priced in a Trump win we would have seen a Hudge selloff.

In the event of a Trump win we’ll see another run up, before a sell off when reality strikes before inauguration.


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[dan_pdx]

I actually think that when Trump guts the EPA and SEC the market is going to go bananas for a few years. The only challenge is picking the right exit point. At some point in his term, there will be a global recession, leading to a Democrat getting elected. That Democrat will spend their term trying to restore decent governance.

[JimmyCarter]

[emoji638]][emoji640][emoji639]][emoji637][emoji640][emoji639][emoji637][emoji638][emoji639]]Peter Theil is telling all these guys the betting market has already called it for Trump and that the stock market has already priced in a Trump win, I certainly hope they’re not right. But they’re all scrambling so they don’t get sent to the gulag. Pathetic bunch of dweebs.


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Funny thing about the betting sites and Trump leading… these were the ads running during the Rally of Hate

[ATTACH][emoji6[emoji640][emoji637]][emoji[emoji6[emoji640][emoji638]][emoji640][emoji6[emoji640][emoji638]]][emoji639][emoji[emoji6[emoji640][emoji638]][emoji640][emoji6[emoji640][emoji638]]][emoji[emoji6[emoji640][emoji638]][emoji640][emoji6[emoji640][emoji637]]][emoji639][/ATTACH]

[bobz]

Good article, about a system that certain billionaires seem to wish for: https://www.npr.org/sections/money/2...sias-oligarchy

Ah yes, being an oligarch, under an officially above-the-law authoritarian leader, is all fun and games, until you have your business empire taken away at gunpoint and take a decade-long holiday in Siberia. Or take a ride off of a high balcony.

[Not DJSapp]

I actually think that when Trump guts the EPA and SEC the market is going to go bananas for a few years. The only challenge is picking the right exit point. At some point in his term, there will be a global recession, leading to a Democrat getting elected. That Democrat will spend their term trying to restore decent governance.

Exit point is about 4-6 months after he slaps his tariffs on everything. Because you know who pays the tariffs? The end consumer. Maybe the first little bit of product will squeak through without getting pinched for a month. Give the container ships from China a month or two to sail, give ports and distribution another month to get to stores, and then the higher prices land and Donnies inflation spike hits, triggering the recession. But by the time the higher prices actually land, everyone will have forgotten all about tariffs because he won so bigly, and clearly inflation is Hunter's fault somehow. Thanks Obama.

[m2711c]

that's just the oligarch circle of life... close proximity to the sun can cause premature meltage of the yer wing wax...




fact.

[Cisco Kid]

From my experience sell teriff goods from China, the mfgs will add the teriff to goods still in the factory pipeline. Importers pay the day the ship sails east and the cost is paid by the end user.

[dan_pdx]

Do you think he'll actually impose the tariffs? Has he ever done anything that he said he was going to do?

[altacoup]

I actually think that when Trump guts the EPA and SEC the market is going to go bananas for a few years. The only challenge is picking the right exit point. At some point in his term, there will be a global recession, leading to a Democrat getting elected. That Democrat will spend their term trying to restore decent governance.

Similar to what Obama did after Bush.


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[pfluffenmeister]

Do you think he'll actually impose the tariffs? Has he ever done anything that he said he was going to do?

That's a great reason to trust him!
He lies all the time, so anything truly egregious (like pretty much everything he says) we don't have to worry about?

JFC man!

PS He imposed tariffs in his last term, so yes given the chance I think he would again.

[JimmyCarter]

And then he gets Elon to defund the national government

https://fortune.com/2024/10/28/elon-...t-trump-rally/

Man things are gonna be great!

[dan_pdx]

That's a great reason to trust him!
He lies all the time, so anything truly egregious (like pretty much everything he says) we don't have to worry about?

JFC man!

PS He imposed tariffs in his last term, so yes given the chance I think he would again.

I'm just saying, I seem to remember abolishing Obamacare being pretty high on his list of campaign promises last time around. He'll do a lot of stupid and dangerous shit that diminishes America's standing, but I don't think he's able to do anything that requires staying focused for more than about 5 minutes.

[Hopeless Sinner]

I'm just saying, I seem to remember abolishing Obamacare being pretty high on his list of campaign promises last time around. He'll do a lot of stupid and dangerous shit that diminishes America's standing, but I don't think he's able to do anything that requires staying focused for more than about 5 minutes.

You can thank John McCain for the "thumbs down" vote that ended the repeal effort in the Senate. 51-49

https://youtu.be/hT2pp_KrJGg?si=rIwr47klKngAXeEU

[Rideski]

Do you think he'll actually impose the tariffs? Has he ever done anything that he said he was going to do?

He grabbed em by the pussy.

[J. Barron DeJong]

I'm just saying, I seem to remember abolishing Obamacare being pretty high on his list of campaign promises last time around. He'll do a lot of stupid and dangerous shit that diminishes America's standing, but I don't think he's able to do anything that requires staying focused for more than about 5 minutes.

He tried to abolish Obamacare but McCain very famously blocked it with his deciding vote.

Tariffs are able to be enacted by the president without any legislation, so you can’t rely on Congress to keep him in check there.

[Rideski]

[neufox47]

Do you think he'll actually impose the tariffs? Has he ever done anything that he said he was going to do?

In this case yes, I think so. Last term his worst instincts were kept in check by his cabinet but by all accounts he will not have a cabinet or advisors that keep him in check, it will be all lickspittles and lackeys.

[frorider]

https://theweek.com/business/why-do-...ses-keep-dying

Why do Russian oil bosses keep dying?

There have been 'at least 50' mysterious deaths of energy company executives since Putin ordered Ukraine invasion

Defenestration is remarkably common in Russia. Are these US clowns paying attention?

[bigdude2468]

Just so there is no misunderstanding, Biden kept Trump's tariffs in place when he took office. Below is from CNN, January of 2022, https://www.cnn.com/2022/01/26/polit...icy/index.html

President Joe Biden reversed a number of the Trump administration’s policies during his first year in office – but he has left tariffs in place on $350 billion of Chinese goods that were imposed by his predecessor.

And this is from CNN September of 2024

The Biden administration said Friday that it has finalized tariff hikes on certain Chinese-made products that the president first announced in May.

The tariff rate will go up to 100% on electric vehicles, to 50% on solar cells and to 25% on electrical vehicle batteries, critical minerals, steel, aluminum, face masks and ship-to-shore cranes beginning September 27, according to the US Trade Representative’s Office.

Tariff hikes on other products, including semiconductor chips, are set to take effect over the next two years.

[J. Barron DeJong]

Just so there is no misunderstanding, Biden kept Trump's tariffs in place when he took office. Below is from CNN, January of 2022, https://www.cnn.com/2022/01/26/polit...icy/index.html

President Joe Biden reversed a number of the Trump administration’s policies during his first year in office – but he has left tariffs in place on $350 billion of Chinese goods that were imposed by his predecessor.

And this is from CNN September of 2024

The Biden administration said Friday that it has finalized tariff hikes on certain Chinese-made products that the president first announced in May.

The tariff rate will go up to 100% on electric vehicles, to 50% on solar cells and to 25% on electrical vehicle batteries, critical minerals, steel, aluminum, face masks and ship-to-shore cranes beginning September 27, according to the US Trade Representative’s Office.

Tariff hikes on other products, including semiconductor chips, are set to take effect over the next two years.

Yeah, but tariffs targeted against individual countries, or certain goods, is a hell of a lot different than blanket tariffs on all imports, which is what is being proposed by Trump now.

Nothing good can come from starting a trade war with our allies, and the costs of universal tariffs like that fall disproportionately on the lower and middle class.

[RTsucks]

Also appears to be intended to work along with infrastructure bill, which Trump was never willing to put in the work to pass.