03February25 - Orange Crush (a Trumpian Market Crash)
When a gaggle of Nobel prize winning economists predict that your economic plan will be an inflation bomb, and literally everyone with any expertise or common sense understanding of trade warns you that you shouldn’t go through with your tariff plan, and you do it anyway (causing the Wall Street Journal to say that it’s the Dumbest Trade War In History)… are we surprised at the market numbers this morning? Of course not.
So today is the initial crash. We’ll probably have a little rally in the short term, followed by the REAL crash in a couple weeks when the first tariffed goods come in, and no one can afford anything other than strict survival goods. The oligarchs are going to have a hard time strip-mining the peasantry for additional wealth when we can’t afford food and rent at the same time, and we no longer have 401K’s or pensions because they crashed the market.
What Are The Fascists Up To Today?
MUST READ: The Young, Inexperienced Engineers Aiding Elon Musk's Government Takeover | WIRED
CDC Researchers Ordered to Retract Papers Submitted to All Journals | MedPage Today - Pause all research to make sure it is in compliance with Trump Executive Order to scrub "forbidden terms"
Tariffs May Add $1,700 To Average Tax Bill, Hike Prices And Cut Income, Say Experts
DOD Orders 1,500 Troops, Additional Assets to Southern Border
Spotlight on USAID
“The U.S. is by far the world’s largest donor of humanitarian aid, with USAID administering billions of dollars in humanitarian, development and security assistance in more than 100 countries”
U.S. Agency for International Development: An Overview
Trump-Musk Shutdown of USAID 'Would Have Deadly Consequences for Millions' | Common Dreams
USAID staffers told to stay out of Washington headquarters after Musk said Trump agreed to close it
Musk says he is working to shut down “beyond repair” USAID | Reuters