WanderingThoughts

Where is the tech?

In China.

Not that historica, so far it seems to imitate the 2008 financial crisis crash. But yeah, the financial system almost died then. With Trump, the whole global economic system could very well end in the wood chipper.

To be fair, tariffs can be implemented in a clean surgical way or start tiny and slowly ramp up so everybody can adjust and anticipate. Tariffs can be used like a feather to tickle the market. Trump is using the whole chicken coup and throwing them in other people's faces.

Yeah, it's always ideology first. No argument or evidence can convince them otherwise.

What do you mean US? There's a country left after this?

Nah, the big ones have their generous bailouts already guaranteed by Trump and the small fry doesn't have much influence to stop anything.

They'll keep saying it's still a good idea butt just barely executed for years. That's what happened with Brexit in the UK.

And they have been trained to hate government, science and experts.

"When goods don’t cross borders, soldiers will"

A man is flying in a hot air balloon and realizes he is lost. He reduces height and spots a man down below. He lowers the balloon further and shouts: "Excuse me, can you help me? I promised my friend I would meet him half an hour ago, but I don't know where I am."

The man below says: "Yes. You are in a hot air balloon, hovering approximately 30 feet above this field. You are between 40 and 42 degrees N. latitude, and between 58 and 60 degrees W. longitude."

"You must be an engineer," says the balloonist.

"I am," replies the man. "How did you know?"

"Well," says the balloonist, "everything you have told me is technically correct, but I have no idea what to make of your information, and the fact is I am still lost.

"The man below says, "You must be a manager."

"I am," replies the balloonist, "but how did you know?"

"Well," says the man, "you don't know where you are, or where you are going. You have made a promise which you have no idea how to keep, and you expect me to solve your problem. The fact is you are in the exact same position you were in before we met, but now it is somehow my fault."

Companies are going to lay off loads of people and close any department that costs too much just to increase the stock price again. For investors stock price is everything and they don't care much about consequences.

USA stock market crashing means the dollar is getting less worth compared to other currencies, so anything imported gets more expensive in the USA, what is most items. Things getting more expensive means less people buying stuff, less economic activity so more layoffs.

All those layoffs means people can't pay back there debt. Trump doesn't care about people in debt and somehow makes it worse. Banks get in trouble. Trump cares about banks and big businesses so they get bailed out. Taxes on everybody else increases to pay for bailouts.

To distract from all this, Trump starts challenging China and it leads to war. Marshall law is called and Trump starts funneling more money to the military making things even worse.

Then next Trump would just threaten with tariffs again until the labeling had been removed. Then he'll threaten again for their oversized cars. There won't be an end to this.