I still wonder if there is SOME book or news article that would awaken intelligent Trumpists. Rasmussen Reports shows 52% approve of Trump as of yesterday! Only 37% strongly disapprove.
This despite that Trump's economic "ideas" are disconcerting both investors and expert economists. Our own Trumpist has asserted that recession or stagflation in 2028 will NOT convince him that Trump's policies were wrong! It takes time for great ideas to prove themselves! (Ancient Greeks knew the world was round, but it was 2000 years before Christopher Columbus acted on that knowledge.)
One of the simplest ways to understand what investors around the world think of Trumponomics is to look at the values assigned to monetary reserves. The Dollar is collapsing relative to other major currencies (Euro, Yen) and even more so relative to the old-fashioned reserve: Gold. Just now I stopped at Lotus' to buy milk and saw the up-to-date automated signs at the two gold shops there: ฿54500 (midprice). Fifty-four!? Last I saw it was 52; I should have stopped by yesterday to see 53. If I'd waited until tomorrow to buy milk will it then be 55?
No need to Google the international price of gold. Simple arithmetic does the trick.
54500 / 33.16 / 0.472952 / 31.1 = $111.74
(The first division converts bahts to dollars; the 2nd 96.50-fine baht weight to 99.99-fine troy ounce; the 3rd ounce to gram.)
My gold purchases a few years back were mainly just a
hedge and have been partly sold as I split my savings among my children. Still the gold left is equivalent (if sold today) to two years of SocSec checks -- probably very fortunate for me as there seems to be a fair chance Trump will manage to cut off my SocSec.
Why has the price of gold been skyrocketing? RV is correct that rising debt (in many countries, many sectors, not just the U.S. Treasury) is the main reason, but the recent soaring has a more specific cause. Spoiler: It's because
the U.S. government has been taken over by a coven of literal imbeciles.
The Orange Brat is so very very proud of his Second Global Trade War. But
The Lowy Institute analysis found that in 2023, 112 economies traded more than TWICE as much with China as they did with the US, up from 92 in 2018 during Trump’s first trade war.
...
“From critical minerals to silicon chips, Chinese exports are almost irreplaceable.”
As shown in the attached graphic, trade with China is as important to the world as trade with the USA. China has announced that countries which appease the Orange Brat will be viewed with extreme disfavor by China. The Brat's War may backfire on him.
But as I say, our resident apologist for Faux/Trump/QAnon (who bases his Trumpism almost entirely on financial issues) will NOT be dissuaded even if it takes more than 4 years to recover from this self-imposed financial debacle. Is there any other issue that might get through to such a Trumpist?
This thread's title makes it look like the right place to point out facts that will help educate sincere but under-informed Trumpists.
Can we do it? ...
- I assume it will do no good to point out that much of what Trump says is a lie. MAGATs treat these lies as sarcasm, comedy, and/or antidotes to liberal lies.
- I assume that deporting green-card holders to a prison in El Salvador for denouncing Trump on social media will not bother MAGAts. Dissent is not what is needed for our brave new world. And anyway, America is for Americans.
- Trump's ignorance and refusal to listen to expert advice will not sway the MAGAts. Trump is an idiot-savant whose instincts and intuition outperform a dozen platoons of PhDs.
- Musk's decimation of the SSA, which will lead to people not getting their checks. doesn't bother MAGAts. Even retired MAGAts are happy to sacrifice for the greater good. We have to start paying off the $36 trillion debt somehow; depriving useless retirees makes more sense than denying another tax cut to the billionaires who will help Make America Great Again.
- Decimating the IRS is also a step in the right direction. Liberals are suckers who will pay their taxes even if the IRS lacks the wherewithal to audit. Republicans now free to cheat will instead donate to charity or Create Jobs with the extra money.
- Character issues like harassing and even raping women are no drawback. We NEED a virile man to confront Denmark and our other enemies. Anyway, wouldn't YOU be grabbing pussy if you were a billionaire and a star?
- Some Democrats are whining that Trump's government will no longer provide security for Kamala Harris, Hillary Clinton and Joe Biden's children. But the American taxpayer isn't "made of money"!! What better way to save money? Anyway, unlike Trump's family, these scumbags grifted millions from the taxpayer and can pay for their own security.
I could go on, but you see the problem: MAGAts have an answer for most complaints.
Surely there is SOME way to lead MAGAts (at least the few that aren't primarily motivated by hatreds and self-pity) to the Trough of Knowledge. But how?
Can anyone help?
www.the-independent.com
