• @joekar1990@lemmy.world
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    103 days ago

    I’ve seen a new talking point popping up that he’s crashing the market on purpose to refi US debt and force the fed to drop interest rates…

    • @ToadOfHypnosis@lemm.ee
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      133 days ago

      My crazy MAGA co-worker thinks he is trying to crash the dollar so they can wipe out debt introducing an American digital currency. Because that wouldn’t completely destroy America’s economy. 🤦🏻

      • @crusa187@lemmy.ml
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        43 days ago

        I figured the big crypto scheme would be to back social security with it (thereby killing the program after the customary pump and dump). This is actually even more terrifying. Hopefully we’re both wrong.

      • @frezik@midwest.social
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        43 days ago

        The idea behind it is that post-2008, low interest rates let the rich run wild buying up real estate and stocks.

        I don’t really buy it, though. Trump isn’t that smart, and nobody was really asking for tariffs that are so strong across the board. Even Project 2025 is split on the issue, and what support it does give for them is much more targeted.

        This is Trump’s bad idea all on his own.

      • @DarkCloud@lemmy.world
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        3 days ago

        I think he’s doing it because he and his team of billionaires have the money to buy buy buy when things are over and done with.

        They’ll end up owning most of America. Then they’ll be able to have their Little Kingdoms within it.

        Most people don’t seem to realize this: America doesn’t exist right now. The only question is whether anyone will get any of it back in time to save what’s left.