Skip Navigation

InitialsDiceBearhttps://github.com/dicebear/dicebearhttps://creativecommons.org/publicdomain/zero/1.0/„Initials” (https://github.com/dicebear/dicebear) by „DiceBear”, licensed under „CC0 1.0” (https://creativecommons.org/publicdomain/zero/1.0/)NU
Posts
3
Comments
171
Joined
4 mo. ago

  • I found it. The pic was taken in 1995. It was a film print and I don't currently have access to a scanner, so I snapped a pic with my phone (sorry about the quality). I think I took the pic because the amusing words on the side struck me as very Australian, and I'm sure I was probably told of its significance.

  • Any trade deal they strike with Trump is illusory and not worth the paper it's written on. See, e.g., what happened to the NAFTA deal Trump signed during his first administration. The EU should refuse to play his games and quietly start dumping their substantial holdings of U.S. Treasury bonds.

  • The irony is that all this will fuck the U.S. way worse than anyone else, boosting the cost of living dramatically. This notion that tariffs will drive manufacturing and production back to the U.S. is a pipe dream, and even if it were to occur it would take a decade to build the factories, infrastructure, and supply lines. Moreover, the tariffs themselves make it much more expensive to shift over to U.S. production. Want to build a factory? You're going to need steel, copper, lumber, etc., all of which cost way more now because of the tariffs.

    What will ultimately happen is this: tariffs will dramatically raise the price of goods (inflation), crush the U.S. economy, and Trump's new Federal Reserve lackey that he puts into place will lower interest rates to juice the economy, which will exacerbate inflation and likely lead to hyperinflation. There is a reason why gold is in the strongest bull market since the one triggered when the U.S. left the gold standard in 1971. As the situation plays out, more people will begin to recognize it and pile into gold, as real assets like gold hold their value.

    Why is he doing this? I think the easiest explanation is that he's a malignant narcissist, and they crave attention. Look at how much attention he gets every time he slaps tariffs on countries. You can't look at the news without seeing something about Trump dominating it. In the end, the U.S. will suffer hyperinflation and economic collapse, and the only way forward will be to dramatically scale back spending, which will cause a major depression that I've dubbed "The Greatest Depression".

  • 50% on Brazil, same as China. What is so stupid is that it is completely obvious that Trump doesn't have a cohesive strategy for his tariffs. Rather, they're just a convenient weapon he can wield as a bully. Why should any American not want a country to criminally prosecutes their corrupt former leader, let alone pay higher taxes on goods as a result? Eventually, this raising of taxes on Americans with tariffs on foreign goods will have a bigly negative impact on the U.S. economy.

  • Homes aren't selling because they aren't affordable. High interest rates are a big part of the lack of affordability, given the federal government's large budget deficit and it's impact on the long end of the yield curve, I don't see that changing anytime soon and it will likely worsen. Pulling your home off the market because you won't cut your price isn't a great move unless you want to continue holding on to your home for many years to come.

  • Asklemmy @lemmy.ml

    If you had a time machine that could set the internet back to what it was like in a certain era, when would that be?

    memes @lemmy.world

    California dog owners, amirite?

    Asklemmy @lemmy.ml

    If you could move anywhere to minimize the impact on you of the worldwide rise of fascism...