Trump bringt die Warnsignale der Regierung vor einem Wirtschaftsabsturz zum Schweigen

What’s the best case scenario estimate for the Hormuz strait supply and price effects? 3 months, 4months? Add another „2 to 3 weeks“ Trump meme time to that, at least, with no solution in sight.

crash it and those that have cash will buy everything… this is by design. The US quietly said they were insolvent like 2 weeks ago.

Reminder that amidst all the chaos of this war, the US Treasury has just declared the country INSOLVENT, with no acknowledgment from the White House.

The economy is a mess, Trump’s policies were exploding the debt and deficit *before* the war even started.

Trump could have sat on his tiny bruised hands this past year—done *nothing*—and the US economy would be stronger and more stable for it.

And while the White House is bragging about the most recent mediocre jobs report, keep in mind that nearly every embellished report in the past was followed by a downward revision later. But all that matters is the opportunity to sell a narrative *now.*

Last year’s jobs figures were ABYSMAL after revisions, and of course not a peep from the administration.

In fact, under Biden we saw four straight years of job growth, but in just one year under Trump, we’ve seen 5 total months of job losses.

Last year’s fourth quarter GDP report was also recently revised downward. Core inflation was also adjusted to reflect rising costs, and the most up to date GDP figures show signs of a sinking economy and perhaps a recession

Worse yet, the inflation rate is expected to exceed 4% in the coming months.

And now Trump is seeking a 40% *increase* in military spending. That’s $1.5 TRILLION to be exact.

This puts military spending at its highest level in recorded history.

And where’s it coming from? That’s right, domestic programs.

Including key federal health, housing and education programs serving the poor and cuts to programs meant to respond to natural disasters, train new teachers, root out tax fraud and research cures for diseases.

Income inequality has also just reached a 60-year peak, and reports show that Trump’s policies have allowed the top 1% of stockholders and investors to own more wealth and assets than the bottom 99%.

The Trump administration continues to ignore the effects of persistent inflation, cost of living issues, and systemic economic inequality.

Trump is ushering in the greatest redistribution of wealth in a generation.

The value of the US dollar has also weakened against other currencies, goods and services.

Trump is not „solving the housing crisis,“ but making housing less affordable for first time buyers, renters and families entering the market in favor of serving the interests of the richest homeowners and investors.

Mortgage rates are climbing back up in response to the war in Iran and interest rates are expected to follow.

On that note, before the war, the White House was bragging about meager mortgage rate reductions, but Trump’s only contribution to this was creating massive economic uncertainty; forcing investors to shop for safety over risk in this economy.

In the meantime, the war is costing the US taxpayer billions every day it drags on and the Trump administration is demanding another $200 billion from the government to continue fueling operation „epic failure.“

For perspective, the US sent a total of $180 billion in foreign aid to Ukraine while Biden was in office.

Trump’s actions in the middle east have caused global trade disruptions, market shocks, and sharply rising oil prices, and due in large part to the administration’s poor planning, arrogance and incompetence. This is conceding the point that this war was always one of choice, not of necessity.

Trump dismissed warnings before the war about Strait of Hormuz closures. Every person close to Trump alerted him to the strong likelihood that Iran would impose these countermeasures in the Persian gulf. And now the entire world is dealing with the blowback of Trump’s choices.

As far as his tariffs go, even prior to the latest SCOTUS ruling, Trump faced pressure to reverse many of his tariff policies because they were raising costs, hurting domestic industries, taxing Americans, causing trade wars, etc..

Worse yet, the data reveal that Americans are footing over 90% of the tariff bill. Shocker!

Polls show that a majority of Americans disapprove of Trump’s handling of the economy because he has done nothing to address the immediate issues that most Americans care about.

Instead, he is fixated on foreign wars, on punishing his political opponents, on pageantry and self-enrichment while him and his family monetize his presidency to the tune of BILLIONS.

His kleptocratic policies are literally stealing from the poor to give to the rich.

Trump’s big ugly Bill extends tax breaks and incentives for the rich and corporations while not remotely offsetting the costs by stripping millions of Americans of their access to healthcare, food assistance, and financial opportunities.

He’s building grotesque monuments to himself while Americans struggle financially.

Trump’s policies are ballooning the debt and deficit and his tariffs are a regressive tax on small businesses, low income and working class Americans.

The government is obfuscating economic data, lying to investors, firing labor directors who don’t toe the line, and straining our trade relationships with other countries.

The Trump administration is plagued by rampant cronyism, corruption and favoritism in hiring; appointing billionaires, corporate interests, technocrats and rich MAGA donors into high ranking positions of power. This is the wealthiest administration in US history.

Trump’s legislation invests heavily in national security on top of providing extensive tax cuts for corporations and rich people.

Costs that are NOT being offset by cutting funding for healthcare, food assistance and scientific research; dismantling our education system, community support structures and social safety nets; cancelling public health and environmental initiatives, and defunding the agencies responsible for protecting consumers and regulating predatory financial institutions.

And instead of redirecting these cost cutting „savings“ towards fixing the national debt and deficit, the government is redistributing these funds to the top 1%.

In other words, Trump is creating a kleptocracy by concentrating economic power and resources into the hands of a select few while the rest suffer under the economic tyranny of his administration.

I keep thinking I should go ahead and cash out my 401k.

The real kicker is that they are gutting bodies specifically built to prevent a repeat of the Great Recession. We are actively deleting the hard-learned lessons of 2008 just to save a few billionaires some paperwork and oversight.
the rich will always pay to have the warning lights turned off while they secure the exits. we get to sit in the dark and pretend everything is fine until the bank accounts hit zero.

Then don’t ask for interest rates to be lowered by the Fed

Will some group of people finally do something effective, please?

They stole too much, too quickly.

Our moron-in-chief told us back in the covid days how he deals with unflattering numbers.

„[If we stop testing right now, we’d have very few cases, if any](https://www.voanews.com/a/covid-19-pandemic_trump-if-we-stop-testing-wed-have-fewer-cases/6191165.html)“

Was your first clue when the economic reports were delayed two months?

Don’t need no government to warn us of an economic crash ‚cause we’re going „**Ninety Miles an Hour (Down a Dead End Street)**“.

„if we stop testing, it will just go away“

‚And I look better not that I can lose my followers.“

Do you really need a smoke alarm to see the building on fire?

I’m not sure I’m liking this timeline. Can someone point me to the nearest portal?

His goal is to get it stay ‘okay’ until after the house election so he can blame the dems for the problems.

Well, duh. We knew he would. He tries to silence everything he can, especially experts, reports, children, victims, other countries, etc

That explains that jobs report. There’s no way that was legit

He’s busy trying to find someone to blame and or fire.

The Finn thing about the economy is you can’t fake reality. When jobs crater, when gas gets to be 6-8 a gallon, when people fall behind on rent and mortgages and they start getting evicted, the gig is up at that point. You can’t lie your way out of a recession / depression. By Q3, I suspect the economy to be in the shitter. Mass unemployment, small businesses will have closed en masse, but hey, at least we kept out those immigrants and punished the trans athletes.