Do you think if he kneels down and kisses trump feet he would be okay? I’m so worried damn…
He’s a business man who’s been bankrupt 6 times lmaoooo, gullible clowns
The bankruptcy claim comes up a lot. I hate Trump as much as anyone who can form opinions that don’t come from a radio talk show, but I’d be willing to he’s the bankruptcies were by design. He probably did what the toys r us CEO and 50 cent did, where they funnel money out of a company, and the company goes under.
That being said. He’s still a fucking piece of shit who’s making the founding fathers roll in their graves
It’s the generous interpretation where Trump abused the bankruptcy system for his own benefit, and I definitely agree.
Still wouldn’t want a country run that way, the people are the consumers about to be conned or the investors about to be fleeced.
I saw the “and there’s no filing for bankruptcy on this one” at the end and all I could think is that even if you thought running a country like a business was a good idea (it’s not) why would you pick a businessman who’s filed for bankruptcy quite a lot to be the one to do so? I feel like he needs to ask himself that.
Conservatives are for the most part still deluded into thinking that his goal is to “balance the trade deficit.”
It’s horseshit. That’s not his goal, it’s his pretense; the idiot reason he gives his idiot followers so that they don’t see him for the Russian asset he is.
Believing that others in their tribe (who they THINK are in their tribe) are being truthful is probably the most ubiquitous flaw conservatives have.
Maybe, just fucking maybe, the government isnt a business and you should stop thinking the proven vampires of the world will somehow be good for us cattle.
“we need someone to run the government like a business” “lets pick this guy with 40 bankruptcies” my guy even if the premise wasn’t idiotic what did you think would happen
he is a business man
No he isn’t. Everything she’s ever touched turned to utter shit and went bankrupt. He bankrupted a casino. Like, how even do you do that? That’s not incompetence, that requires a very specific skill set to do
Not just one. He managed to bankrupt 3 or 4 casinos on the Jersey Shore in Atlantic City in the late 80s and early 90s.
That’s like burning down a mint 4 times.
He’s not, he’s a deranged rich kid who got old.
You very well and most likely all of us are missing the Y as to why Donald Trump has done the things he’s done and managed to always fall upwards.
I say that because if he’s so bad, he wouldn’t be continuously hired upwards. He’s now the most powerful position in the world so keep it in mind. He didn’t get there because every large business and its founders and CEOs are so much more dumber than the rest of us that they didn’t know what they were doing.
Some CEOs are hired as a hatchet CEO to destroy companies on purpose. To dismantle them from the inside. You guys need to start thinking that all of this is on purpose and is malicious and that they’re smarter than you. The art of war: do not underestimate your enemy.
Not underestimating either cheeto nor Elmo by stating the simple truth that both are fucking idiots born into wealth, and -amongst other things- being extremely lucky
I’ve been yelling for nearly a decade now that Elmo is an incompetent but also evil motherfucker, glad that people are catching on.
Just watch interviews with either from decade(s) ago, just hear them stumble about anything that has to do with what they do, they don’t know or understand shit. Elmo calls himself the world’s best engineer yet he doesn’t have a clue what an engineer even does
This is a prime example of survivorship bias. It’s the equivalent of an idiot winning the lottery, continuing to buy tickets, winning the lottery again, and having people say “look how much money he has, he must be some financial genius!”
is that not what a businessman does?
No
Things that make about as much sense as “Conservative Environmentalist”:
- Anarcho Bidenism
- People that enjoy fruitcake
- Jumbo shrimp
- For Profit Social Services
- Anarcho Capitalism
- People referring to a lion being the ‘king of the jungle’ without realising lions don’t live in jungles.
Fruitcake is actually really nice, provided you make it yourself. Those bricks they sell in stores are nothing like the real thing. I think the store sold stuff is intended as replacements for structural support walls.
If you toast it with peanut butter its almost edible.
I’m an investor in predominately european companies. My investments have risen 20%… so far
EutelSat is where the investments are at. And the EU’s MIC. Good time to be European.
Luckily i was already fairly heavy in to the british MIC when it all kicked off
I’ve held Rolls Royce since it was £1.09p
Mine haven’t. I pulled my money out a month ago when I saw that the new Trump presidency wasn’t going to be like the first one.
Well, he’s being the same failed businessman and bigot he’s been his entire life, the biggest difference between the two terms is that now he doesn’t have undoing all the things that a black man did while in office to keep him busy.
I can’t decide what the right move right now to do is. I lost months of growth in a couple weeks. The market has always come back before, but the orange shitstain is pretty uniquely awful, and showing us how he cares jackshit about nuking the economy.
He hates America and Americans, so do with that information whatever you want, but he doesn’t want you to make money and he doesn’t want anyone in this country to succeed that’s not him. Like that’s so obvious I don’t know why it’s not something people discuss constantly. We made fun of him for his entire life along with his father. We’ve tried to throw him and his dad in jail multiple times. We didn’t take a single thing he’s ever done seriously and he has a chip on his shoulder over this.
He was partying in the USSR where they were treating him like a fucking king before the collapse. Imagine the kind of shit he would’ve been able to get into in that country during chaos how many friends he made with various oligarchs and power players. He was the Russians in on America for fucks sake guys. He’s the reason why Rudy Giuliani was able to “clean up New York“. Yeah, because he was able to use the Russians to replace the Italians. Which was probably just an extension of his fucking racism! He didn’t clean shit up. It was just the level of corruption they were dealing was different instead of drugs you have sex trafficking. One deals with the dredges of society and the other deals with the richest so that’s why New York looks cleaner and that’s how Trump met his wife and that’s how Epstein was able to do what he did.
And it’s just all there if you take time to read.
If there’s money going in probably the best option in the very long term is to not sell/pull money out but to instead keep buying while the stocks are depressed. Buy low sell high as they say. If the entire US economy collapses we’ll all have much bigger problems than worrying about what we selected to do with our retirement portfolios
Oh it will definitely bounce back up eventually. No idea when this will happen though.
I tend to think a lot of this damage is permanent. That doesn’t mean you’re wrong, but it might mean our growth is stunted forever or for many years. Screwing over allies like this, and a public who would re-elect him? Why would they trust us as a trade partner if they can avoid it?
Please be careful with your investments. Respectfully, you seem to be mistaking the idea that markets like these reflect reality. The market and reality can remain out of alignment as long as all the major players are willing to keep pretending. This is the nature of a bubble, for instance, and no one can predict when it will pop (except those who can cause it to…).
Trump is VERY likely: aware of the market swings he’s causing, doing it on purpose, and taking advantage of predictable moves with friends. He very well may issue statements next week that cause it to shoot back up.
You’re a consumer of investments, meaning a mark, rube, or bag holder for the people who actually exert influence over these things. You should almost certainly leave your money alone and not make moves that play directly into the hands of the folks who want you to sell low and buy high.
Edit: typo
I appreciate this. I think you have a better grasp on things but I was leaning toward not doing anything. In any case my portfolio is fairly conservative. Index funds and a retirement plan set to light risk setting iirc. Yeah, these motherfuckers care about their own money so I figured they were taking full advantage, incredibly illegally, but who will stop them? No one. I was considering moving some of my savings into my index funds because of the buy low sell high thing but I’m too spooked to change much.
I’ve got a similar portfolio to yours and every time I’ve made changes based on what look to me like inevitable events / movements, I’ve regretted it. As maddening as it can be, I just leave it alone now and slowly balance toward (traditionally) safer investments (AKA not stocks or even indexes of them) as I get older. Cheers and good luck, I understand the frustration!!
Exactly. It could be back to the level it was 1 month ago in 1 month from now if Trump does a complete 180 to his approach (doubtful and yet somewhat still believable) just like it could take 10 years.
Fuck these idiots. Reaping what they sowed.
Trump is doing exactly what he said he would do and the obvious outcome happens, but they still don’t see through his bullshit not matter how many times it bites them in the ass.
Even past that, the market has been on a historic bull run. The NASDAQ is up around 150% over five years. Unprecedented gains, even with the COVID dip.
What kind of whiny bullshit is this about a 15% decline? You’re holding equity with a 100+ p/e. You took a bunch of leveraged risk and came out ahead, but you’re still not happy because… you’re not a trillionaire like Daddy Musk yet? Take your fucking profits and back away from the roulette wheel, you degenerates.
Garry’s Economics on YouTube has great videos on this. Check his channel out.
Seconded! https://youtu.be/IwEVYlkopTY
Well, except the things that would have been nice. Like bringing down prices, ending wars, not being a little bitch in the white house.
He promised that he would bring down prices by putting tariffs on everything. So you can check that one off the list. The tariffs are in place. And he promised to end the war in Ukraine by bullying them into surrendering to Russia, and finishing the genocide in Palestine, so you can check off ending wars as well.
The only one he didn’t promise was to not be a little bitch in the White House, because we all knew that’s exactly what he was gonna be. We had historical evidence of that.
Right? Fuck around and find out. Damn them all for setting us on this path of this hellscape they set us all upon. If you’re MAGA or didn’t vote at all I don’t have the sympathy or empathy left to give a shit what happens. The leopards are going to eat so many faces the next four years they’re going to die of obesity.
Problem is, it’s affecting us in canada, and other countries too, so were also reaping what they sowed
The problem is we (Americans) are all reaping what a small group of people sowed. Some of us didn’t vote for this. Most people didn’t vote at all. I wish it was mandatory like in Australia. I want my voting sausage.
I wish there was a way to spin up an IRL virtual machine and show Americans what the two presidencies would look like in real time, and make it compulsory to watch. Then let people vote on Nov 5th. And make it required.
It fucking sucks when people don’t vote, and we end up with evil idiots who trash our country, our climate, and our people. Not to mention our allies and our economy. It’s so preventable.
Yeah I’m not stupid, that isn’t lost on me.
I’m just glad they are suffering too. Probably considerably more than i am, tbh.
This person is rich enough to own stocks. It’s good that they’re feeling some negative effects of what they voted for, but calling a 15 % dip in their portfolio “suffering” is kind of devaluing the actual human suffering that Trump’s policies are causing.
Yea but they’re never going to find that empathy so at least there’s this
Anyone who must be employed to survive is one of us, I’d say. Even “millionaires” understand that pressure. Still, it probably doesn’t matter if they have any realizations because they’ve all served their purpose to him.
Millionaire is a pretty low bar these days, a salary worker reaching retirement age probably has a million dollar net worth.
A million dollar net worth is barely enough to be comfortable in retirement in the U.S. You can pull $2500/mo from your investments, don’t forget about health care and the cost of dying. You’re also one medical claim denial away from bankruptcy.
As if conservatives place an iota of value on any human life apart from their own.
Those aren’t TRUE CONSERVATIVES and will be banned shortly.
Only TRUE CONSERVATIVES who love licking that orange man’s knob are allowed to comment in r/conservatives. Loyalty oaths will be presented shortly.
love licking that orange man’s knob
Well, I’ve been on Lemmy for all of four hours and just threw up in my mouth. Thanks for that!
Feels kinda like home dunnit? Two broke arms, coconut, poop knife. Better?
Don’t forget jolly rancher.
🤮
I first heard what a poop knife was about 10 years ago from my wife. Evidently they had one in her house growing up.
She and some of y’all need jesus lol.
I heard about it on Reddit, I have a pretty good diet, haven’t ever needed, or known anyone that needed, a poop knife
Yea, I don’t want to see the cornsnake that some of these folks are churning out to need a thing like a poop knife.
And christ almighty the effects on the plumbing, having to transport such a thing! Won’t someone think of the pipes!
shudder fuck the pipes, won’t someone think of the poor plumbers that have to come deal with poopknife family homes?
Not a business man, a con artist.
And when he does run an actual business, he tends to go bankrupt, and rarely profits more than a broad market index fund would.
In other words, he’s objectively bad at business. He would be poor if he hadn’t been born rich.
He is doing something…for the insider traders. Where the OP lost 15% the insiders dumped off ahead of the storm and will buy the dip.
“Filing for bankruptcy” was his entire strategy as a business man, though.
And countries can totally do the same. Argentina was bankrupt at least twice, Venezuela has defaulted on bonds, Greece was restructured. And I’m pretty sure there are others.
Bye, bye reserve currency status and all the cheap loans, inflation reduction and broader economic influence that comes with it …
You couldn’t think that that was gonna last forever. I mean, it was very obvious. We were headed straight towards the collapse regardless. Cheap loans reserve currency inflation reduction literally all of that is just making climate change worse so this was all gonna end regardless.
I don’t think anyone should care about any of that stuff that was making it worse for all of us anyways. We need to start thinking in a way of how do we grab back power and then build this world up in our vision.
Because we’re not going back to the before time that’s not happening.
If it happens fast (because the US defaults on its external debt) rather than slowly (the slow decay from the post “Imperial” era), the damage will be very different because it will be a sudden shock rather than something slow enough that people and companies can adapt to it.
It’s the difference between, sudden hyper-inflation within a few months and having a few decades of higher inflation than its trade partners (which is actually what has been happenning so far) or a sudden forced significant cut on just about all kinds of public expenses (because nobody will be lending money to the US and printing money will generate way more inflation when a significant proportion of new dollars aren’t going abroad anymore, which links to the whole hyperinflation thing) and decades of fiscal contraction (again, what’s been happenning so far).
If you think people are dissatisfied because average salary growth isn’t keeping up with 7 or 8% inflation, imagine when it’s 30 or 40% inflation.
“He’s a businessman”.
No, he’s a nepo baby hustler who thinks winning is the only thing that matters, and winning is when you rip off and take advantage of people.
No he’s a businessman just not a good one and by good I simply mean minimally competent, I won’t get into the morality although… Woof.
minimally competent
I think bankrupting a casino disqualifies him from even that.
I guess the house doesn’t always win.
Seriously the only way I can invision him doing that without illegal activities is that he pissed off all the proper contractors in the support industries and had to special order everything.
I could see something like that happening to Donald “I like to brag about not paying contractors” Trump.
I saw a calculation once that found he’d be more wealthy now if he literally just shoved all of his money into stocks when he turned 18. Truly evidence of an incredibly smart business man
Sounds like a business guy to me
