• 2 Posts
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Joined 3 years ago
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Cake day: June 22nd, 2023

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  • Not everyone wins in a failing economy. If one billionaire makes out, three more lose money.

    No, yeah, that’s true. But the billionaires are also competing with each other in a (perceived) zero-sum game and they believe the ones who are cozying closest to Trump will be the best ones positioned to make money - either in a corrupt or a failing economy. But every recession has been a golden opportunity for billionaires.

    Heck, in post-collapse Russia, this is how oligarchs first appeared - the “shock therapy” of the 1990s transition to a market economy dropped the value of resources to nothing, and the rich at the time bought them and became the ultra-rich. Some didn’t make it. ( Like a super-bacteria forming from the ones not killed by antibiotics, the ones that survived were even more resistant to control.)


  • Let’s say the pre-Trump economy is worth $100 trillion, and a particular billionaire’s share is $2 billion. Let’s say Trump catastrophically decreases the economy’s value to $50 trillion, while increasing corruption such that that Trump is getting more power, and the billionaire’s share is $10 billion.

    This is followed by a collapsing market that creates a dip in share prices or private valuation, the assets of which can be bought for pennies on the dollar, eventually leading to that billionaire having $30 billion in a total economy worth $20 trillion.

    Win/win for Trump and the billionaire, at the cost of everyone else.

    That’s basically what’s happening, and will continue to happen.
















  • I guess Trump made this specific accusation because he saw the headlines about him making at least $1.4 billion in his first year back in office, and felt he needed to poison the well.

    I know the DOJ has no credibility anymore, but god, imagine a world where they did their job and investigated the $400 million jet, the hundreds of millions of untraceable crypto and meme coins he’s started that foreign actors could use anonymously in violation of FECA and Constitutional emoluments restrictions, the “Board of Peace” donation fund controlled by Trump personally…