What Trump will do to the global economy

[@MoneyMacro]

Get access to global coverage at an exclusive 20% discount at economist.com/moneymacro Articles mentioned: 1. www.economist.com/by-invitation/2024/10/23/the-international-economic-system-needs-a-readjustment-writes-scott-bessent 2. www.economist.com/by-invitation/2024/10/17/europe-should-not-see-a-potential-trump-return-as-a-threat-says-nadia-schadlow 3. www.economist.com/briefing/2024/10/31/how-bad-could-a-second-trump-presidency-get

[@PoiSonSonic]

Nice shirt! Where can I buy it?

[@MohamedGanaf]

S.c.w.muslim.child family said maxamed siciid cabdi business bank garoowe.acouint.nuber.130192.from.soomaliya l.b.s by nuber bank accounts form to

[@robertortiz-wilson1588]

Thanks.

[@FenrirRobu]

Thank you for providing these links in a convenient way.

[@Aceiolix]

He will make americans poorer maybe not in money but with other matter - itnt that all that matter to an american , the world respect to usa matter nothing to dollars in the pocket.

[@bskilla4892]

I'm on my third year of a phd in economics, and as i told my gf, Economics is the science of being disappointed in humanity

[@denisnorvicev3262]

I studied international relations, this also applies here

[@WhatWillYouFind]

Sociology/Psy major here. I teach in a kindergarten these days. The shocking amount of people I see day to day who never reached the "advanced levels of play" and basic natural comprehension really drives it home for me too. Thank God the little children get a pass......

[@hypothalapotamus5293]

I once read a two century old passage about how experts tend to forget that people often respond angrily and irrationally to policy decisions that harm them, no matter how well motivated these policies seem to policy makers. Inflation hurts. Interest rate hikes hurt, too. Arguably most of the pain is felt by ordinary working people. Managing these irrational feelings is often a matter of ritual and anyone with an ounce of political sense could tell that rituallistic political sacrifice from democrats was necessary. That's why Biden had to drop out but that was too little too late.

[@fullmetaltheorist]

I've been reading history for fun over the past 3 or 4 years and yeah. People keep making decisions that seemed very stupid in retrospect.

[@thomascromwell6840]

​@@hypothalapotamus5293The irrational part wasn't voting against democrats, it was voting for a guy who will make their lives much worse and create an insurmountable majority in the supreme court.

[@Gantz_rl]

In all honesty I hope he does implement all of his policies. Ppl need to feel what they voted for.

[@jeffbenton6183]

That won't work because effects are usually felt at least one full term later. Trump enacted several inflationary polices (the tax cuts, the tariffs, covid stimulus and doing nothing about the deficit) but inflation wasn't felt until after Biden took office (he added more stimulus to that equation, and energy prices increased from the war, but some of it was just a carry-over from Trump). Likewise, people widely blamed G. W. Bush for the Great Recession, but most economists at the time noted that the Clinton-era bank deregulation was the largest factor in triggering the crisis. Everyone is going to "feel what they voted for" too late for them to correctly attribute it.

[@princejellyfish3945]

@@jeffbenton6183Clinton definitely shares substantial blame for laying much of the legislative groundwork but Bush was in for two terms. His admin ensured the damage would be exponentially worse

[@tuck295q]

The rest of the freaking world didn't VOTE for him. ="=

[@Wonkaforever]

@@tuck295qneither did close to half of America.

[@adrianaslund8605]

​@@jeffbenton6183Truth.

[@User-hz5vz]

As a non-American, I feel like I just watched a neighbour burn their house down to warm themselves. I can't put out the fire because it's not my property, and even if I could, I'd be blamed for keeping them in the cold.I can only praythat the fire doesn't spread and that no other neighbour or even my housemates has the same idea

[@seichusen]

I don't normally make comments but this was a very nice analogy!

[@RayTheomo]

Democrats are the 2 out of the 5 roommates who BEGGED to not burn the house down.

[@amonjohnson1686]

As a US citizen, myself and other sane Americans who voted Democrat, are currently the children being held hostage by our parents, the neighbor, who burned our house down.

[@RayTheomo]

@@amonjohnson1686 More like the adults who were outnumbered by our psychotic kids.

[@ebadd3468]

TDS much

[@commonwombat-h6r]

Musk is like reverse robin hood. Take it from the poor and give it to the rich

[@eymerich9237]

yep, that's capitalism for you

[@Joe-Mama978]

Cry harder lib 😂

[@noahgeerdink5144]

And people look up to him.

[@mr.fantastic7756]

COPE. 😂

[@nickt2822]

@@Joe-Mama978 are you enjoying that tesla self drive since 2016?... oh wait...

[@iammrbeat]

Those tariffs are going to suck so much.

[@tophower33]

They voted for a con so everyone has to suffer now

[@MeYou-yz2yz]

@coinbowl 🤣🤣🤣

[@marciaterry2002]

The tariffs will destroy us!

[@cameroncole06]

Get to making that 2024 video.

[@Quarknjaguar]

@@marciaterry2002 IF they come they will destroy global trade

[@sirrodneyffing1]

The UK itself does a very good job of making itself poorer; it needs little help from anyone else.

[@Anon54387]

Isn't that the the truth? The UK ground to a halt in 1978 because of such extensive government involvement in the markets, but then Jeremy Corbyn says he'd re-nationalize industry if he became PM. And tens of millions of UKers thought that sounded wonderful despite the last go around with socialism being within living memory.

[@Spido68_the_spectator]

Thank Cameron for that

[@gregorymalchuk272]

Ban energy, enter recession.

[@Talking_Comics]

The US is basically undergoing its own version of Brexit - an anti-immigration isolationist movement that will lower the standard of living in the US. I think this video is a somewhat optimistic view of possible outcomes but we'll see

[@tuckerbugeater]

@@Talking_Comics it's green

[@katelyn3928]

the first tangible result of this election: 72 million americans don't know a single thing about how money works, thinks gas and grocery prices are going to magically be lower under Trump, and that I'm going to start laughing at them when it bites them in their wallet - and mine.

[@Teej56]

Same here. They chose this dumpster fire. I don’t want our country to remain this divided anymore, but I just can’t fathom the support for that man. The complete opposite of what the classic GOP stands for

[@katelyn3928]

@@Teej56 The support for DJT comes from three types of people: ignorant people, people who are just as hateful as him, and the people who are both ignorant and hateful.

[@AustinCDennis]

Those people put out the Biden "I did that" stickers on gas pumps but I have yet to see those stickers again now that gas prices have gone down.

[@SwabcraftCreates]

EVERY SINGLE FASCIST UNDEMOCRAT HAS NO FUCKING CLUE ABOUT THE ECONOMY AND EVERY LAST ONE OF YOU GET A MASSIVE F IN CLASS FOR BIDENOMICS.

[@revekat2053]

Drug dealing and use is going to increase

[@TilSchweiger-i3f]

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

[@Joegolberg1]

Financial consultants can help by recommending investments that outpace inflation, such as real estate or certain stocks. A client of mine followed this strategy and saw their savings grow by 15_% in just two years, effectively countering inflation.

[@TilSchweiger-i3f]

That makes sense. Unlike us, you seem to have the market figured out. Who is your fiduciary?

[@Joegolberg1]

GREGORY LEO CATTEL is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.

[@TilSchweiger-i3f]

he appears to be well-educated and well-read. I ran a Google search for his name and came across his website; thank you for sharing.

[@drlauch2256]

Just go for a Globally diversified ETF - low costs and about 6-9% growth per Year

[@Daveyjonesvi]

These policies will affect the poorest and hardly the rich as always

[@alphaomega1351]

Yep... but that's the case no matter the party. The filthy rich own just about everything including government influence. 🤓

[@123_1]

But for the poor, there is always the fun voting for Trunp!

[@Misaka-gt5yj]

The federal tax penalty for not having health insurance was known as the individual mandate penalty. It was part of the Affordable Care Act (ACA), also known as Obamacare. Trump and Congress effectively eliminated this penalty through the Tax Cuts and Jobs Act, which set the penalty to $0 starting in 2019 Yes in fact poor people who couldn't afford health insurance but not poor enough to get it for free now can keep more of their paycheck.

[@spacetoast7783]

​@@Misaka-gt5yj I'm sure they'll be fine when they get a $10,000 bill for repairing a torn meniscus or having a baby.

[@ryderoreilly9807]

I'm sorry but most of these poor people voted for him and I'm done being empathetic. They deserve everything they get with this and they will likely fine zero phucks from the rest of the world when they cry about not realizing what he would do.

[@RickBerman-iv2il]

People voted for Trump to cut inflation while being so ignorant they failed to realise policies would increase inflation. One could laugh.

[@BigK-2001]

Idiocracy was a documentary.

[@peixeserra9116]

His policies helped caused the inflation Biden inherited. And now people not only voted for him going for policies that are even more Inflationary, they went on and elected a mostly Republican House and Senate, who are blind followers of him. This genuinely feels like a very shitty movie.

[@peixeserra9116]

@@WolverineXOXO Oh poor little thing. Did no one teach you in school that economic policy tends to take a while before it takes effect? Specially one that is enacted during a period of upward trend, like the one Obama handed over to Trump?

[@Daveyjonesvi]

@@WolverineXOXOthey are different policies

[@aedendobos5417]

Inflation isn’t going away anytime soon. The current inflation we see today can be attributed largely to the Covid pandemic, as the printing of money as a stimulus measure was needed to prevent the economy from screeching to a halt. The US also faces an insane debt crisis dude to horrible mismanagement by both Dems and Republicans for years. Whats scarier is inflation is preferred in order to lessen the burden of past debts. It’s only a matter of time before things start to buckle. There is simply no easy way out of this pickle and it remains to be seen how it all goes down. I hope everyone is able to set aside their differences and tackle these problems before they blow up in our face.

[@Terrorstar-gbp]

It is funny that trump supporters say he is geniune while also saying not to take his words literally, really 🫠

[@Runny117]

drives you nuts doesnt it.

[@zachriley7132]

It's a cult.

[@KelliAnnWinkler]

@@Runny117 It really does. Kinda funny how NOW tariffs are the new boggy man. They don't seem to have a problem with tariffs imposed on US goods, but have a problem when it's reversed.

[@Mirror371]

⁠ You're not living in a democracy; you're in an i11usion of freedom. Just because you aren't physica11y restrain3d doesn't mean you're truly free. Animals have more fr33d0m than y0u. They don't pay for water or food, which is as f00lish as paying for air. If it were possible, I bet you wouldn’t have a problem with paying rent for air if they made you.

[@socksrocksandocks4824]

😂 I hope he does EVERYHING he said he would

[@SuperDryDiver]

It means a guy who sank all of his own companies is about to wreck everyone else's.

[@EFWW-42]

Even casinos! How the hell do you tank a casino? I thought the house always wins.

[@robertcampomizzi7988]

​@EFWW-42 no shit! Right!???

[@EFWW-42]

@@robertcampomizzi7988 It takes a special kind of stupid to do that.

[@stormking57]

​@@EFWW-42And Trump's that special kind of stupid.

[@LonChera-1]

he didn't though.

[@je_suis_onur]

My fear is that the FED will delay cuts and Trump will try to overthrow the board and elect loyalist which will cut rates prematurely causing a massive inflation when coupled with tariffs, the likes that US never has seen. FED is technically independent but US is in uncharted waters now and anything can happen.

[@97NRBhgfdkjsvfdkjl]

Touch grass

[@je_suis_onur]

@@97NRBhgfdkjsvfdkjl We'll see my friend. Don't underestimate the stupidity of Trump. It is bottomless pit.

[@Not_a_lier]

America got itself into this situation

[@xiphoid2011]

The next fed board member due for replacement is not until 2026. Trump may be able to install 1-2 loyalists to the board before his term is over. He would have to get really lucky to do more than that, like more than 1 or 2 other board member develop cancer like with the Supreme Court.

[@bigsquez]

Trump doesn't know what he is doing

[@baddolphin1423]

You're assuming the FED will remain independent. Last time, Trump wasn't very happy with them and now he has all the means of control.

[@xantiom]

Americans have zero idea, this is the beginning of the end of democracy. I saw it happening before in Latin America, once populista win there is no going back. Your country is already dumb, you get the ruler you deserve. And the tyrant will intervene all institutions in the nation, including the central bank. That's the begining of the end. The US will become the new Venezuela/Russia, oligarchs dictating rules and the tyrant puppet doing whatever he wants to keep the job title forever.

[@jeffbenton6183]

He addressed that in a reply to a different comment: "As far as I can see that will be really difficult to pull off since he can only slowly start replacing the fed board members"

[@TheLumberjack1987]

@@jeffbenton6183 They said the same about the supreme court, look where that went. They said the same about Roe, look where that went. Underestimating Trump's potential for causing damage after looking at his 4 year track record is malicious stupidity honestly.

[@jimthain8777]

@@jeffbenton6183 With an act of Congress, he can replace them all in one fell swoop. You people have no idea what can be accomplished IF all the "independent" parts of government CHOOSE to work together for one man's goals. THIS is why MAGA is dangerous.

[@patnor7354]

Ah yes... How can anyone want the currency and thus economy to be controlled by people elected by the citizens instead of the bank cartel...?

[@Raniyanhunter]

The Federal Reserve halted rate hikes, which is a very bold move by the Fed to stimulate economic expansion, ease financial conditions and address inflation concerns with potential benefits for consumers. The major concern for me and I believe every other investor is on opportunities present in the market to enhance overall portfolio performance

[@garnold-l5p]

The importance of mitigating risks might be why many investors are turning to advisors for guidance.

[@Mlanderos-t9e]

I agree. Based on my personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has seen exponential growth. It's not just about having money to invest in stocks; you also need to be knowledgeable, persistent, and have the strength to hold on during market fluctuations

[@Anessa-gibson]

Could you kindly elaborate on the advisor's background and qualifications?

[@Mlanderos-t9e]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Judith B. Richards’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@Anessa-gibson]

Thank you so much for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!

[@OsamahMoco]

I started my first job in 1985 and a few years later, I set the goal to have $1 million saved by the time I retired. I'm 3 years from retirement and hit that goal last year, but I now know I should have moved that goal post further out to $1.5 million or more. I remember as a kid thinking millionaires were these people who lived like demi-gods among all us serfs. Now I am one and still don't feel any different from a serf.

[@FradAnner]

You get used to it. lam a net worth seven figure guy for 6 years now. Actually had seven figures in all retirement accounts as of 2020. Had seven figures in just one account this year. I still drive the same car I bought 23 years ago. Everyone who sees me thinks I'm the poorest of the poor because I don't even wear a watch or "dress to impress" now.

[@MosheerElly]

I would really love to know how much work you did to put in to get this stage

[@SehunEscobar]

Sorry to burst your bubble but $1M in 1985 is equivalent to $2.9M today. You are still doing well but it demonstrates the reality of inflation. If you live 20 years in retirement odds are you will need 2X as mcuh per year as compared to the when starting retirement

[@OsamahMoco]

@@SehunEscobarI’m not naive about my $1 million bubble; I know it’s not what it used to be. That’s why I say I wish I had focused more on the future early in my career. It’s amusing that my investments rank me in the top 3% of savers, yet I still feel nervous about what’s ahead. To make things worse, I decided 30 years ago to forgo a defined pension, which would have put me in a much better spot now. But I get that it’s really about managing my expenses, and I’m sure I can make that work.

[@OsamahMoco]

@@MosheerEllyStephanie Janis hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I'm stoked because l'm heading into retirement with almost a million bucks in my portfolio.

[@luipaardprint]

Elon musk will be heading D.O.G.E. You couldn’t make this up if you tried.

[@ReverberatingTenor]

Yeah Elon musk wants to convince us trimming down federal spending by 2 trillion is a good thing. It is a good thing for those who have lots of money to buy up property and resources during a manufactured recession and sell it back. All while there is already a government efficiency organization.

[@psychedelicpirate3355]

Dude you are botting responses to every comment. Its really pathetic. Find something better to do with your time or at least engage productively.

[@swaggery]

Surprised he didn't call it DOGE 420/69.

[@notnjx5270]

Infantile moron. He gives autists a bad name

[@Alexander-z6x]

​@@WolverineXOXOa little crybaby that has to be walzed around each critical supply chain and production place if he comes to visit a factory because he wants to visit a facory of his, because his engineers fear he will fuck yet another thing up (his rockets crashing is 100% musks fault, he meddled too much with the designs) Everything both trump and musk touch will and do crumble, all they are good for are banks and at the exorbitant fees they give you its safet to go to a bank

[@Lastman1900]

Two spoiled billionaires with unchecked power. What could go wrong?😂

[@ashishpatel350]

both of which require the government to prop up their companies

[@mr.fantastic7756]

Maga ☺

[@Lastman1900]

@ashishpatel350 Oh, So it's a good thing that they have the government to themselves now. Saves everyone's time you see 😄

[@hopr]

Musk and who?

[@frocco7125]

All "official acts" are fair game lol

[@LearnThaiRapidMethod]

Tariffs are paid for by the consumers. It’s lose-lose for everyone.

[@YoY664]

Not a loss. Demand will definitely be hit, forcing the producers to slash costs and/or reshore manufacturing or atleast bring it to Mexico. Short term it wont be pretty, Biden's economic policies were smart and an extension of Trumps, just with more paperwork.

[@anggi8699]

It's also unfair. People who earn less than minimum wage don't need to pay tax. But with tarif they can be tax through inflation caused by the tariff. Meanwhile the rich will always find a way to not paying taxes.

[@ramezhachicho1777]

@@anggi8699 Well the idea isn't to just scalp people and make people pay that money it's to change the landscape so that other routes that weren't previously as viable on an individual/company level. But are better at a national level .. Are more favored. Is this going to make life difficult for people needing to pay the Tarriff? Sure .. That's really the idea .. Now I admit I don't know enough to really predict how this is going to go. But if I had to make a guess. Trump is trying to make sure america's resources get used internally. To produce goods that first supply the populace then fund a profitable export market. Rather than importing things fromk countries that treat their workers even WORSE than america lol. Trump doesn't want to be importing things from all over the world. Especially NOW when things are so dicey. Will this move put a strain on america's economy? Of course .. But it may make the country more self sufficient and resistant to economic shocks from elsewhere in the world. One of the reasons were in such a huge meltdown right now. Is because all our systems are SO interconnected that when the slightest real conflict breaks out there's catastrophic disruptions. Look at my country the UK. Our politicians got so lax that our entire country runs off the service industry. And now look at us. We've nothing to sell .. And no money to buy. We built a world built on the idea of eternal peace. Assuming WW2 would be the last huge conflict which was perhaps naivete incarnate.

[@CharlesB-NGNM]

The question isn't whether Trump will create an economic disaster. It's what will be the scope and scale of the disaster and how you prepare for it.

[@Runny117]

what if we can't? that's what i am afraid of. 2nd term so he'll go all out

[@GreenTara2010]

@@Runny117 Do the best you can. Pay off all debts, live frugally, and don't get into any kind of long term debt, buy basic household supplies and tools to avert tariffs.

[@jamesgang7605]

Biden created the disaster; it's inevitable. How's that *INFRASTRUCTURE plan workin' out* for ya? Sure glad we got all of the electric car charging stations installed everywhere across the U.S. Where's all that Ukraine money going, where are the AUDITS for ALL of the money spent during the biden administartion??? Trump didn't create an economic disaster the first time he held office, and won't this time either. *Let's hope he doesn't have to fight off a bunch of friggin' IDIOTS every step of the way* while he's trying to get something done like he had to last time around. *This means YOU DEMOCRATS and RINOS, STOP MEDDLING*, that would be a good way to START. C''mon, we KNOW you can do it, just try, *CONCENTRATE*!

[@ADjustinG2013]

Argentina: we're offing ourselves America: cool, lemme try that

[@beldilorenzo1]

literally all our economic markers have gone up since voting for Milei. Educate yourself - his positive image is on the rise.

[@kingjojojo1]

argentina was a basket case, now its better

[@st.altair4936]

Milei thinks they're buddies too lol

[@RubensBarrichello.]

@@ADjustinG2013 have you been to Argentina?

[@AL-lh2ht]

@@beldilorenzo1 why lie?

[@lil-g4879]

The tariffs will hit hard working Americans, and he increased tax cuts for wealthy families, not working families...

[@spacetoast7783]

Maybe American voters will finally feel negative consequences for their actions.

[@RubensBarrichello.]

​​​@@spacetoast7783 lol you think the voters are what matters. 😂😂 oh plebicites are hilarious

[@spacetoast7783]

@@RubensBarrichello. Who do you think will be the president of the US in February?

[@RubensBarrichello.]

@@spacetoast7783 do you think votes actually win you the election? Are you new to US politics? Ballots win you elections and trump stopped 20 million ballots from being counted. It's rigged as it always has been. The ballots are fake, the numbers are fake and it's all just a show

[@exurosanctus]

@@spacetoast7783 they'll just blame it on the libs like always.

[@lilbigman9127]

We're all fucked

[@ArmageddonIsHere]

Not yet... But in a while, maybe...

[@RocketPal]

you already are, thanks to biden.

[@simondavies2262]

Speak for yourself.

[@lordsysop]

​@@simondavies2262you will be fucked and disappointed lmao

[@lilbigman9127]

@ Nah, I speak for the 16 Nobel prize-winning economists who call Trump's plan inflationary. I speak for the hundreds of scientists who shake their head at climate change denial. I speak for 1.2 million citizens dead from mismanagement of a global pandemic by the president elect. I speak for the millions of working class Americans whose taxes will INCREASE with the Project 2025 agenda. I speak for all of us who can't afford Musk's own admission of a "temporary hardship"... Seriously, read a book.

[@KingUnKaged]

Trump also ran on subordinating the Fed to the President with the explicit goal of keeping rates low. I wonder if this video understates the risk of wild inflation.

[@MoneyMacro]

As far as I can see that will be really difficult to pull off since he can only slowly start replacing the fed board members

[@joarvat]

That was also Erdogan's policy. It did not go well.....

[@Bewleys_]

@@MoneyMacro That was said about the supreme court which is likely going to a 7-2 partisan split. Think we're entering unknown territory here

[@Godzilla52]

Also, from an international perspective, we've seen what the lack of central bank independence did in places like Turkey where the executive branch under Erdogan really mismanaged monetary policy etc. Though fortunately, I think doing the same thing to the fed would be extremely difficult to pull off.

[@badluck5647]

​@@MoneyMacroWith a cult of Republicans in both houses and a willingness to ignore the filibuster, Trump can do whatever he wants.

[@velshock]

Wait until they find out what tariffs really mean.

[@ConcerninglyWiseAlligator]

Sadly Trump won't.

[@lordliege]

One might expect both, a short term boom followed by a crash. The parties seem to have different preferences, dems preferring to minimize unemployment with steady growth and the reps preferring booms and busts to gain on the swings.

[@reaperz5677]

It's honestly incredible just how stupid this whole system is. Democrats inherit an unstable/broken economy, fix it within a term or two, and then Republicans inherit the economy and just crash it again. Regardless of this infinite loop, the fact that Democrats are still heralded as the ones less trustworthy with the economy is insane.

[@weldonyoung1013]

So that's why Boeing never came up during the Election. Remind me which team was Pro Business. Shuw, rest of world get on Boeing - do we then expect a Crash !

[@greatmatt301]

Yeah, and after that boom, chances are the democrats will have to come in and clean up the mess.

[@Brutus_Maxximus]

You’re wrong, the only “growth” under Dems was government jobs by massively expanding the government which helps no one. Private sector growth was absolutely horrible the last 4 years.

[@bosatsu76]

@@Brutus_Maxximus reagan ran on 'gummint bad'... The Doubled its size... Ran on the debt being horrible... Nearly QUADRUPLED it in his 8 years... He set the tone for every republican since... BORROW from our grandchildren, and live in a drunken stupor till some election when Democrats have to come in and reapply honest and common sense to the economy...

[@RetrieverTrainingAlone]

As a US Citizen, I am concerned that tariffs will increase consumer prices and substantial inflation.

[@yesand5536]

Plan for it, bigtime. And if you voted for Trump, then this is part of the consequence that you have to deal with.

[@5353Jumper]

As with every term in the US since the 50s. If a Democrat gets elected, invest long and ride the growth. If a Republican gets elected start shorting everything, buy gold and prepare for the recession.

[@george.carlin]

Agreed, Though don't you think that a domestic producer "sees" increased prices "smells" a profit for herself/himself and starts producing the same thing. If your local producer is successful you soon will get a good price. If L.P. grows farther she perhaps can hire a few local workers and that is good too. Don't you think?

[@5353Jumper]

@george.carlin at absolute best, the local producer will make it for the inflated price...and hire a couple people along the way. Still means inflation.

[@GoLifting]

@@george.carlin We don't have the manufacturing infrastructure nor the manpower to make things in the U.S. You obviously do NOT understand the economy in the states. Especially when we deport migrants, say goodbye to our domestic productions and material. Business owners do not have the money to pay US wages to manufacture everything. Go look up why we don't manufacture things here. Labor + Material prices = higher prices for all consumers = less demand = economic crash = use your brain. Unemployment would be through the roof, inflation would skyrocket, supply would crash, and everyone will be broke and starving to death. Great depression all over again without a Democrat to fix it.

[@brianbergman1454]

Yes ,the rich will get richer and everyone else will get poorer

[@strigoiu13]

this is the short story after the fall of the communist russia...perpetual losses and shrinking of the middle class whatever the middle class votes, does or does not do...

[@RubensBarrichello.]

All is as it ever has been

[@madrockon7357]

@@RubensBarrichello. x10

[@ailo8964]

This is a bipartisan consensus

[@spacetoast7783]

Not even. It's a lose-lose except for people who are in the new oligarchy.

[@123rpriest]

Given the timing of this I have to believe he made another video in case Kamala won, lol. Great video!

[@MoneyMacro]

@@123rpriest I did

[@Grain_of_wheat]

​@MoneyMacro can you please release it, maybe as a bloopers video or a whatif. It feels like a waste to leave all that work beh8nd, and i would love to see it man (:

[@MoneyMacro]

​@@Grain_of_wheatI didn't record it. Just wrote the script.

[@Grain_of_wheat]

​@MoneyMacro oh, thats a shame. Great video though, found your channel recently, friend said it was great so i cant wait for more videos.

[@ismailchairi5212]

​@@MoneyMacro make an article or in posts

[@Grenadier311]

For all of his talk about China, the trade deficit only grew under his first administration.

[@Cherry-pu4mx]

Not true. The tariffs were implemented in 2018 and the deficit decreased for 2019 and 2020. Under biden who maintained the tariff saw record low deficits with china in 2023.

[@robnotwicz7002]

China pretty much got everything they could have possibly wanted out of Trump's first term. Xi is vey clearly better at this game than Trump is, on top of having more direct control, so I expect similar successful maneuvering around Trump's bluster.

[@BYD-Gold]

​@@robnotwicz7002 You are correct. On top of that, Trump made one of the most critical move in history. Get U.S out of TPP (Trans-Pacific Partnership) free-trade block. This would be the largest free-trade group in the world. And because of that decision, China created the RCEP and it is now the largest FTA bloc in the world. Not only China, but Russia also benefit due to Trump being hardline on Europe to spend more on defense while giving Ukraine to Russian sphere of influences. He also facilitated the Abraham Accord (united bloc in Middle-east), he even visited DPRK and established diplomatic tie for the first time. In a way, Trump is a broker (making deals for other for small commission) and an isolationist (basically couldn't careless about international relations). He is good for outside of U.S, but bad for inside of U.S long-term wise.

[@Cherry-pu4mx]

@@robnotwicz7002 I'm sure losing market share in the USA was not what he wanted lol. Are you unaware of chinas failed attempt to dedollarise and the BRICS talk of a new currency to replace the dollar lmao? What about the impact this trade war has had on china? Their economy was hit hard while in a housing crisis too Like what did china beneift from having trump in office exactly?

[@spacetoast7783]

Trump is an absolute cuck on the world stage.

[@stevenharrison151]

This election result makes me crave some Brawndo. It´s got electrolytes!

[@TheAmericanAmerican]

It's what plants crave!

[@ngimatashi]

All hail President Dwayne Elizondo Mountain Dew Herbert Camacho!

[@veson231]

What are electrolytes? Do you even know?

[@mistyramsey1840]

Its really gonna be that bad

[@bigjohnson7415]

"Owww, my balls!"🤣😜🤣

[@VeronicaOlivers]

Alright, so I’ve got $56k sitting pretty in my emergency fund, ready to dive into the world of investing. But here I am, watching this video, wondering if Trump’s next move is gonna tank the markets or create golden opportunities. Anyone else feel like the global economy is one big reality show, and we’re all the contestants? 😂 Seriously though, where’s the best place to start? Stocks? Real estate? Crypto? Help me out here!

[@MollyShorters]

Ah, the classic ‘where do I start’ dilemma! Listen, markets are unpredictable-especially with politics thrown in. I’d say start with some index funds to keep it simple. That’s how I began. But honestly, if you’re feeling lost, a financial advisor could be your golden ticket. Mine turned my chaos into strategy-worth every penny!

[@SilvesterMiles-y4j]

I hear you both! I’ve been sitting on cash too, unsure whether to go all-in on ETFs or dip my toes into real estate. But finding the right financial advisor feels like searching for a needle in a haystack. Any tips for locating someone legit?

[@MollyShorters]

There are a handful of CFAs. I’ve experimented with a few over the past years, but I’ve stuck with Linda Aretha Reeves for some years now, and her performance has been consistently impressive. She’s known in her field-look her up.

[@VeronicaOlivers]

Checked out Linda Aretha Reeves-she looks like the real deal! Exactly the kind of guidance I’ve been searching for to kickstart my investing journey. Thanks for the recommendation!

[@blissds-gi3mb]

Watched Linda Aretha Reeves at a Bloomberg finance summit four years ago-her insights were next level! Can’t wait to connect with her and level up my portfolio!

[@mjmf1430]

It is anyone’s guess what Trump would do, but one thing is certain: most indicators show that USA is in continual decline, whether socially, economically, life span, education standard, infrastructure, middle income wealth, its reputation. What is ballooning is its national debt, crime rates, homelessness, social divisiveness, wealth gaps, etc.. etc.

[@lonelychameleon3595]

That's just the natural cycle of empires. The election of someone like Trump clearly shows that the golden age is over.

[@spacetoast7783]

Violent crime rates haven't been ballooning tbf. It's unlikely to change much with an aging population.

[@spacetoast7783]

​@@lonelychameleon3595Americans have had it too good for too long, and have taken it for granted.

[@lonelychameleon3595]

@@spacetoast7783 That’s part of it, yeah. I’m reminded of how spoiled the American voter really is.

[@spacetoast7783]

@@lonelychameleon3595 Well if you're looking to see that change, I have great news for you!

[@V2RocketScientist]

Tax cuts don't make Americans richer. Wealth can only come from more productivity. And the tariffs could potentially drive that by bringing manufacturing back home but who's going to do that work? The intelligent, white collar workers who are already bringing in wealth higher than any manufacturing job could do? Unemployment is low; it's tough to hire good blue collar workers. And Trump is promising to deport immigrants? If we want to bring manufacturing back, we need more immigrants, not less. Otherwise, this will just be a cash grab for domestic manufacturers by raising their prices and will ultimately make America poorer.

[@afreire239]

Arent americans smart enough to automate instead of using slave labour?

[@V2RocketScientist]

@afreire239 there's some smart people among the morons. Automation is definitely a thing that's going on in the USA. These changes might help push more automation. But the opposite could happen if we're stuck in a hole trying to make the things we need instead of working on advanced technology. And the rising cost of Chinese labor has been an issue where automation has been helping them build better and keep the prices down. China isn't a bunch of poor people on am assembly line knitting things together; it's all machines working on a highly productive level. So it's still not better to do it ourselves with that already established. AI and robots might change that.

[@bigjohnson7415]

Indeed! And the young generations are more inclined to want to be "Influencer's" or Poker stars, or Content Creators than working some pissant factory job! How gauche!

[@umutcakmak3221]

I like how anything happening in the world just loses Turkey more money. wtf is an economy

[@basu_20999]

Yea😂😂😂

[@termitreter6545]

To be fair, thats mostly the fault of Turkey. Or probably more specifically Erdogan.

[@monsterboomer8051]

Erdogan's voters fault.

[@yemxgrunt7327]

🤣🤣🤣

[@andym4695]

So, interest rates go up, or we go into a recession. Wonder if we'll be able to get MAGA out in four years, they'll prove stickier than that.

[@timon20061995]

@@WolverineXOXO Voter only go for money, that's how Trump lost(bad economy) and won(bad economy)

[@justinvaldez4449]

@@WolverineXOXO so if papa trump brings a 1929 style depression, you'd still be maga?

[@hiddenkitty2911]

@@WolverineXOXO Autocratic societies aren't really set up in favor of you, so good luck with that "cultural" movement you guys really think will defeat the big bad lefties that are apparently destroying your "morals" and religious "freedoms"

[@Yerdadada]

​@@WolverineXOXO gay

[@andersbjrnsen7203]

One could almost hope for record inflation discrediting the MAGA movement for good.

[@ariel5186]

He didn't cut taxes for middle and working class. Only for those already rich. 🙃

[@Lastman1900]

Who funds his campaigns? 😂😂😂

[@SBlondieful]

Um, no, he cut taxes also for middle class. I know this because I'm middle class and do my taxes. Less was taken out of my check when Trumps tax cut was implemented, and at the end of the year, I did not owe more.

[@bayridgebull1221]

he had the biggest middle class tax cuts since reagan??

[@RetrieverTrainingAlone]

The standardized deduction was increased substantially for the middle class independent of exact income. For example, for a married couple filing jointly, the standardized deduction is $29,200

[@roysherwin9348]

That's a lie. Have you looked at the tax brackets in the tax cuts and jobs act? Expires at the end of 2025

[@CrystalJoy-32]

Trump is pro-AI so NVIDIA will succeed. Trump's policies had been viewed by many experts as more positive for the financials sector, spurring this massive across all sectors. It's enticing to consider purchasing some stocks, I'm contemplating investing more than $300k. Thoughts?

[@LuvmeRos]

I would say find quality stocks that have long term potential and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

[@FrankPatrick-no8zo]

I agree. A financial advlsor can really help you re-adjust and identify blind spots that you yourself do not notice, like mine did in advising me during COVID on how the pandemic will shape things, and I made it out big and still make up to at least 20k in dividend per month.

[@DennisJack-km8ho]

That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?

[@FrankPatrick-no8zo]

I've stuck with ‘’Amber Michelle Smith” for years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@RuthEvelyn-rc3bg]

Glad to have stumbled upon this, curiously inputted her on the web, easily spotted her consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal

[@musicbox99]

Wait until Aileen Cannon is nominated AG or being a Supreme Court Justice. Just the beginning. Be careful what you wish for.

[@Tubes12AX7k]

Hulk Hogan as AG and Scott Baio as head of the Department of the Interior.

[@krashme997]

@@WolverineXOXO It's funny because all your comments here, when actually formed around an actual argument, only show a barebone understanding on what comes with what you wished for (or none at all)

[@spacetoast7783]

​​@@WolverineXOXOWhat a vacuous statement lmao Why would you wish for something that wouldn't make you happy?

[@joesmith-em2cd]

@@WolverineXOXO🤡

[@D_e_n_i_s_e_B]

@@WolverineXOXO You can't hide your immaturity. Life is not your fantasy world, kid. Kind warning...

[@excusemenoexcusemeno1671]

The third scenario is that Trump spends every weekend golfing and forgets to go to work.

[@bosatsu76]

Actual work... Of course... But his enemies list will always be in his pocket... He'll be working on that between shanking golf balls off the course.

[@simpleviewer1334]

I forgot he spent almost 4 months worth of the pandemic golfing

[@_DRMR_]

He's basically going to let Musk and RFK jr. do all the work.

[@krashme997]

A certain Austrian dictator also hated working and let his people do all the work. He liked to make speeches though. Sensing a pattern here.

[@Unwebonnn]

Honestly this is the best case scenario..

[@erichhugo1]

Dunno about punting the Economist. As economics is a social science they are more cheerleaders and propogators of the American model for capitalism rather than the European model. Yes we have high taxes but we also have infrastructure that's more than three trillion USD and decades better than USA infrastructure

[@erichhugo1]

Sources available

[@Entertainment-]

Real Incomes are significantly higher in the US, I would prefer living in the US over the EU.

[@mightymo8351]

​@@Entertainment-enjoy a shorter life and less holiday then 😅

[@AAhmou]

​@@Entertainment- Around 2 or 3 times higher compared to the developed european nations if I recall correctly.

[@Entertainment-]

@@mightymo8351 Working in tech allows you to work a couple years, invest or start a business and retire early. You can’t even get a business license without waiting 6 months of bureaucratic back and forth in many EU countries.

[@PapaOscarNovember]

Next few years could be a boon for economist. It’s pretty clear Trump is going to do lots of economic experiments. An opportunists to characterize various metrics’ sensitivity to policy variations.

[@Tubes12AX7k]

Those who are nearing retirement are not interested in economic "experiments."

[@oldskoolmusicnostalgia]

And them being economists, they will draw the wrong conclusions as always.

[@patrickbateman1660]

We know what tariffs do. The 20th century already showed this. History is repeating.

[@simpleviewer1334]

​@@oldskoolmusicnostalgiaAnd someone who knows nothing of the subject can?

[@JaeohnEspheras]

Lol, no. He is going to weaken the general economy to benefit the richer. Count on it.

[@Halcon_Sierreno]

Trump will look like absolute crap at the end of his second term.

[@richardbrooks5899]

I doubt he'll last a year, Vance is who the donors want.

[@bigjohnson7415]

I'm not sure he'll make it to inauguration day!

[@lordsysop]

Republicans will take him out with their project 2025 president knowing trump is unhinged

[@NURREDIN]

I’ve worked for the same Wall Street firm since 1991. It only took Hoover’s threat of tariffs SEVEN MONTHS to start the Great Depression. Trump’s tariffs will be even WORSE.Look around your homes. Everything made in China will increase in price 60%. If you drive a Toyota, Nissan, Honda, Subaru, Hyundai, Kia, BMW, Benz, or Chrysler product (it's an Italian company now) the price will increase 20%. Even if the vehicle is ASSEMBLED here in the States, the PARTS are still imported. Other nations will do the same to us. Prepare for high unemployment by this time next year.

[@1ndragunawan]

You're talking too much sense. The US could copy what Erdogan did. This will be a very long episodes of leopard ate my face moments.

[@phillipkelly736]

Let's make America poorer than a third world country

[@laurencefraser]

Between a lot of third world countries having improved quite a bit since the distinction was actually meaningful, and how bad parts of the USA have been for decades... that won't take as much doing as you might think. edit: ... Well, actually, no, the wealth of California, Texas, and New York kind of distort the 'all of America' numbers a Lot, so you'd have to screw up badly enough that they left and/or got completely ruined first, but the Rest of the USA...

[@ahuatltelicza7874]

a new fourth world country 😩

[@mrN3w7]

One thing is for sure... next 4 years won't be boring... 😅😄

[@snaggiz]

It’s not going to be fun, either.

[@123_1]

past 4 years was boing ?

[@ArawnOfAnnwn]

@@snaggiz Speak for yourself. As a non-American it's gonna be a lot of fun for me to watch it. :D

[@ArawnOfAnnwn]

@@123_1 Globally no. The US' responses to it? Yes.

[@spacetoast7783]

Is a boring, competent president really too much to ask for? Why are American voters insisting on drama?

[@k98killer]

"Department Of Government Efficiency: DOGE". Elon has been waiting years for this joke lol

[@k98killer]

@user-yz8fs5zq6z you sound so salty. A normal, sane person can appreciate a bit of absurd humor without devolving into a neurotic mess.

[@TheAmericanAmerican]

@@k98killer A bunch of people around the world are going to be suffering next year and beyond thanks to the muskrat, BUT he makes the funni memes so all good! 🤡

[@BrettCradle]

@user-yz8fs5zq6zHalf of America just got a big reality check, the other half is going to get theirs soon.

[@spacetoast7783]

It'll probably last about as long as the dogecoin meme did too lol.

[@seccat]

Making the Rich, richer. And the poor, poorer. PS: Can’t figure out why his voter wanted to be poorer.

[@revekat2053]

Because they are gullible people.

[@spacetoast7783]

These "policies" are so bad. Rich people broadly don't benefit -- just the few people in the new oligarchy.

[@mayor-o1w]

Thank you for recommending Sarah Jennine Davis on one of your videos. I reached out to her and investing with her has been amazing.

[@anilhettiarachci8467]

Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!

[@วิทยาคงกะพันธ์]

Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my portfolio and plan my retirement

[@mayor-o1w]

@@วิทยาคงกะพันธ์ Sarah Jennine Davis is highly recommended You most likely should get her basic info when you search her on your browser.

[@FreyaFreya3]

How do I access her ? I really need this ​@@mayor-o1w

[@mayor-o1w]

+156

[@rebeltheharem7028]

If he does everything he says, then yes, the world and everyone in the middle class or below in the US will be poorer.

[@MrLegendra]

While tariffs could potentially limit some imports, past experience suggests that U.S. consumers still have access to foreign goods. Tariffs simply encourage more competitive pricing and diverse sourcing. Trump’s tax policies increased disposable income, which actually can help fuel a resilient domestic economy and create wealth within the country, benefiting global exporters through stronger economic cycles. he U.S. dollar remains the global reserve currency because of the U.S.'s strong economic fundamentals, not due to specific policies of one administration. Trump’s focus on addressing trade imbalances and national economic strength could reinforce the dollar’s position. A fairer trade system and stronger U.S. economy might, in fact, lead to more balanced and sustainable global growth rather than uncertainty.

[@Vagabond671]

Sorry, this is a doom and gloom comment thread only.

[@フフーガ]

Cryptofascist detected

[@MrLegendra]

@@フフーガ that doesn’t even make any sense lol

[@leighnash6140]

I'm deeply concerned as an American.

[@TheTruthTheSadTruth]

Did you not just live through the last 4 years? And you wanted more of that crap?

[@rolletroll2338]

You had one job. Not vote for the fascistic buffoon. Now the rest of the world especially democracies that are us allies, will suffer with you.

[@quantumfox278]

@@TheTruthTheSadTruth The US economy has had the best recovery after the global impact of covid out of any major nation in the world. The US economy is heading in the right direction by every metric you can possibly look at. Inflation cooled down to 2%, unemployment is under 4%, GDP is going up, real wage growth has been strong, stock market reached all time highs and the fed is already lowering interest rates. How did you even end up at this video???

[@Sane1015]

​@@quantumfox278they don't care. They just go the the grocery store and see prices are higher and they attribute that to the president rather than to, you know, a pandemic and the rocket feather theory.

[@TheTruthTheSadTruth]

@quantumfox278 don't make up numbers buddy. Unemployment is 4.1%. Inflation is 2.4%. Prices are 21.4% higher since February 2020.. Joe Biden personally caused a good percentage of that inflation immediately when he took office.

[@rf2032]

In my 100% untrained lack of expertise, in a protracted trade war that affects both importing and exporting countries, ppl in the country with higher average income might be less able to deal with the inflation due to lack of supply compared to ppl in the poorer country with the loss of wages in the export sector, because 1) it's easier to go from poor to poorer than rich to less rich; 2) lack of export will cause deflation to offset some of the loss in income, whereas ways to offset the inflation in the importing country seem more limited.

[@BEK-yj9mr]

"In June, the Tax Foundation estimated Trump's tariff plan would shrink U.S. employment by 684,000 full-time jobs and reduce its gross domestic product, a measure of economic output, by at least 0.8%."

[@BlitzkriegOmega]

So what I'm hearing is that either big business is about to get bigger, or we're going to see another 2008 style global financial crisis... But in both scenarios, life just in general gets more expensive for the working class.

[@dwukropek]

With 4.1% unemployment rate it might be hard to move a lot of jobs into US before work force is drained, especially if he deports people... Also green energy production is now economically viewable so for solar farms it shouldn't matter a lot. The economy of scale is actually hitting us already.

[@123_1]

42%, did't you know?

[@afreire239]

With your logic slavery should have continued because otherwise who will pick the coton

[@DevilTravels]

Like previous Republican administrations, it will end in an economic disaster. People love to vote against their best interests.

[@bigjohnson7415]

Sadly this is true.

[@spacetoast7783]

I wouldn't even place much blame on Bush Jr for the 2008 recession. It was a long time coming. The early 90s recession was pretty minor and brief. Trump is just uniquely awful.

[@DevilTravels]

@spacetoast7783 well, Clinton set up the situation and the bush jr administration allowed it to get out of hand with greed. That's the problem, I suspect. Republican administrations tend to attract the greedy and the corrupt.

[@jeff__w]

5:26 I really appreciate how you lay out the two scenarios in a way that is absolutely clear!

[@djsUltra]

It will be really interesting to see how this plays out. Particularly the Elon factor.

[@snaggiz]

Considering Elon isn’t even half as smart as he thinks he is, it’s very likely to be a complete train wreck.

[@Sane1015]

I mean, I'd rather watch a simulation than live it.

[@krashme997]

@@snaggiz I wonder if Elon will realize managing a country isn't like managing Twitter?

[@ineednochannelyoutube2651]

I don't know what the Department of Government Efficiency would even have the authority to do honestly. Congress is the sole authority on spending and they pass yearly budgets. (The President can recommend budgets, but the Congress must decide on spending the constitution is clear on this.)

[@spacetoast7783]

@@krashme997 And he isn't even very good at that, if you boldly assume he cares about running the company responsibly.

[@corujariousa]

The real question is: How richer will he become?

[@rod7944]

if he sells 10% of his cult a made in china, marked up 20X bible, that will get him almost1/2 a billion

[@123_1]

The question is: how long he lives...

[@ArawnOfAnnwn]

@@123_1 Care to decide that yourself? I'm not American, so I just think it'd be fun to watch the fireworks. ;)

[@noelkelly4354]

@@123_1 President Vance

[@corujariousa]

@123_1 He is old and unhealthy but the drugs he takes for decades somehow are keeping him going. The special interests behind him will stay in power even if he suddenly gifts us with his departure from this planet so I don't see a difference.

[@ProgressIsTheOnlyEvolution]

You don't need a economist to know that Trump being elected will spell disaster

[@RichardHoogstad]

Erg goed uitgelegd en zelfs interessant voor iemand die economiepolitiek niet eens super boeiend vindt. Subscribed

[@erasmusflattery9799]

Awesome video, can’t believe how fast you published this. And a good sponsor. A+

[@DamaxThomas]

A sponsor that is respectable. It is refreshing.

[@powersliding]

economist is not what it was before...ive got money & macro now

[@sandwichtube]

Every country will have reciprocal tariffs.

[@madison9094]

Yes, and then when the US decides the tariffs have eroded the economy and gets rid of them, the other countries will have found different markets to import from.

[@spacetoast7783]

@@madison9094 100%. Setting new tariffs is easy. Removing them is hard.

[@kidakvls2305]

If you are a Trump supporter in the comments: If you agree with his tariff policies, can I get a positive perspective (for the average American consumer) that I might be missing? If you disagree with his economic policies relating to tariffs, what were your other reasons for ultimately choosing Trump.

[@Timothymukansi]

Elon's interference in American governance scares me.

[@TROLLINGTROLLY-sc7cv]

Can you release the harris plan. I can't find any one on KZbin explain it.

[@spacetoast7783]

I have some breaking news for you about the 2024 US elections...

[@derloos]

>> Coal would also have its place in providing baseload. *Toilet flushing sound*

[@LCTesla]

In the event of a recession (which we're overdue for) he is likely to respond in an exaggerated way the way conservatives do, i.e. with extreme austerity, which could usher in a great depression. He might be the Herbert Hoover of our times (again!)

[@jeffbenton6183]

We're not overdue anymore, covid did that while Trump was still in office.

[@RandomNonsense1985]

And who will be our FDR?

[@liveapp4851]

Nice breakdown per usual. Also kindly do a video on Kenya's debt situation, from the youth rejection the Finance Bill, real reason for the cause of the debt; is it: misappropriation of funds, corruption, mismanagement, borrowing at high rates, white elephant infrastructure projects, understaffed local governments etc

[@XraviaEdge]

Who thought giving a South African full financial control of the US government was a good idea when he has a track record of using government contracts to enrich himself.

[@CharlesB-NGNM]

Good information for a change.

[@Willopo100]

the reality is economists are wrong 90% of the time

[@manbearpig710]

And trumps wrong 100%

[@Willopo100]

@@manbearpig710 time will tell.

[@dianabehr3169]

You hope, right?

[@crazychase98]

All the time the deep state pay them to say what ever

[@sa.377]

Now an interesting idea would be to make a video on how stock markets perform under dictators, in various dictatorships and strict oligarchies throughout the time. It is quite interesting as a subject i think and probably prophetic too.. IBM, GM, Ford and Hitler relationships for example ''cough cough''

[@mr.fantastic7756]

USA USA USA

[@vicomte5047]

back to the imperial system of trade.

[@mr.fantastic7756]

@@jabberwockytdi8901 God Emperor Trump is back at it again 🫡

[@anarkitty0]

​@@mr.fantastic7756the blind nationalism is funny 😂 You're what we used to call a sheep, before your leader appropriated it.

[@stevenlee7748]

Markets perform better under democrats

[@talideon]

Neo-merchantilism. Yay.

[@hoagie911]

Getting an Economist sponsorship is pretty great, well done man. Still too expensive for me tho.

[@PennyPascal]

Hello, I want to start investing, but I'm unsure where to start. Do you have any advice or contacts for assistance?

[@celxoirealyx]

No

[@mleko23]

So, what you say is, we people of Poland have nothing to worry about? We will see

[@peixeserra9116]

On one hand, you might attract investors and companies that would normally flock to the US, but now will get turned off, as is likely to follow with most upward economies (Brazil, Mexico, etc) On the other, the risk of Russia breathing down your neck, without a major ally to come help you (sounds familiar?) just became a little bit more real.

[@drscopeify]

@@peixeserra9116 Russia is unable to deal with Ukraine and has been stuck for 3 years just trying to capture 4 medium sized provinces of Ukraine that also have a split population with some being pro Russian, so Russia can't even begin to imagine facing a true enemy with a western air force and capabilities that can actually destroy the Russian industrial base, factories, infrastructure, airports, power grid, symbols of power. The damage to Russia facing off with Poland would be catastrophic for Russia so it will not happen. Putin's legacy is done, even if Ukraine and Russia come to some agreements and the war stops, Russia is depleted, it's empty and will take 20+ years to recover by then Putin will be long forgotten. Putin's best bet for a strong legacy is to have endless negotiations with Trump, just spend months messing around with Trump would be a pretty easy PR win for Russia/Putin at least inside of Russia, I am not sure if Trump will fall victim but he is not a smart man. It would just drag on and on and lead to no results for Trump and just a cold stalemate like North-South Korea border. Its not the best outcome for Ukraine or the west but also not a good outcome for Russia and Putin. A lot of blood and money for little gain for Russian is a pretty bad outcome. But maybe can get trade with the west slowly opened again, we will see.

[@peixeserra9116]

@@drscopeify You're forgetting a couple things: 1- This mentality of "Russia is finished" is what allowed them to slowly build up enough force over time. The tendency is for that to continue, as the outcome for the future is a more and more Fascist and Ultranationalist Russia, even after Putin. 2- They've been able to survive the sanctions, the drawbacks and dealing with a heavily entrenched enemy. To think that they haven't learned anything from these last years is foolish to say the least. 3- They've still shown resilient in attrition. Poland would not survive a war of attrition unless all of Europe pooled behind it. 4- It's useless to assume the Russians haven't learned from their blunders, nor have they not learned anything regarding Western styled combat doctrine and tech. It's foolish optimism at best, something you never take for granted with these kinds of things. 5- You're also forgetting the side of, Poland would be in awful condition as well. Arguably worse than Russia, unless the rest of the EU comes to it's aid to help rebuild. Oh yeah, which is not a good thing to have in mind now in a time that feels like Allies are slowly becoming more distant, unless the EU snaps and decides to close in hard on eachother (who knows, European Federation?) 6- Also I don't know where you're getting that of his legacy is done. The man is cemeting himself harder and harder into the Russian Mythos as the Protector of Russia, the war helped enforce that more than it did diminish it. That's not a good outcome for the future. I disagree with you, the potential for Russia to become a worse threat in the coming years just rises by the day, that's what makes their defeat in Ukraine so important. Trump cutting of aid and handing them that victory, you can bet that Russia will be back and want more. I'd rather not take chances.

[@lolcatjunior]

With his Ukraine policy. Poland will now have to worry about sharing a border with Russia again.

[@Unknown-jt1jo]

Poland should consider acquiring nuclear weapons.

[@valerievankerckhove9325]

US trade deficits is because of the Triffin dilemma. If it wants to solve that permanently, it needs to give up the role of the dollar as the global reserve currency. That would crash the fortunes of the super rich holding vast amounts of US paper money (edit: by paper money, I mean anything that's virtual/on paper only, including bonds, stocks etc.), but will increase the competitiveness of US exporters again in the long-term.

[@shane_rm1025]

The rich do not hold vast amounts of paper currency lmao

[@talideon]

​@@shane_rm1025 The dollar isn't simply bits of paper and metal, it's a bunch of numbers on balance sheets, and the super rich very much care about that.

[@henrybran8904]

@@shane_rm1025 They don't, but its the unit of currency they use to represent their asset values. You don't see billionares use the term "In yen/Rubles" to represent their fortunes.

[@valerievankerckhove9325]

@@shane_rm1025 By paper currency I mean pure virtual stuff. If you're holding USD 10 billion in bonds or stocks and the USD real value crashes, well...

[@reaperz5677]

@@henrybran8904 So what? What difference would that make, all that would change would be how they'd measure their wealth. The dollar suddenly stopping their global dominance wouldn't suddenly make... all the offshore billionaire wealth go away.

[@climbingworkouts]

Both Kamala and Trump, acting as rivals have one common main goal: Make Israel and the federal reserve great again!

[@patangman2117]

Who knew Trumpism was an IQ test with a pass or fail score.

[@spacetoast7783]

We knew it after the 2016 exit polls.

[@grahambuckingham7295]

Doesnt realise that other countries will retaliate with equal tariffs of their own.

[@CliveBirse]

The rich are money-minded; that's a lesson I've grasped from the very beginning. My desire to build wealth has always been strong. I’ve set aside $160K since 2020, and I’m eager to invest it in the stock market to grow my financial future. I’d love to hear any recommendations you have.

[@Grace.milburn]

I think the safest strategy is to diversify investments. But if you need proper advice, consider speaking with a financial expertise. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

[@ThomasChai05]

Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.

[@Susanhartman.]

Can you elaborate please

[@ThomasChai05]

Izella Annette Anderson’, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in

[@diane.moore-]

Thanks for sharing. I searched for her name and found her website. I reviewed her credentials and did my research before contacting her. Thanks again.

[@who2u333]

Not on purpose. It really depends on whether what he sees as good for him has the side effect of making the rest of us poorer.

[@bosatsu76]

@@WolverineXOXO He hates America... All that Constitutional rubbish and laws... He squawked against all that his entire presidency. And he despises you... Your vote is all he wanted... Now you're with the rest of us, waiting for the stupid to really begin showing up...

[@krashme997]

@@WolverineXOXO History has shown Trump doesn't put America first. He puts himself first, as seen with the constant ramblings about stolen election and widespread fraud without an single shred of proof that sewed distrust in US democracy as a whole. But I guess you believed the lies because you were told to by daddy Trump, right?

[@spacetoast7783]

@@WolverineXOXO What? Have you ever listened to him speak?? He's pretty clear about hating American values and wanting to tear down the country we've built up.

[@JOSECROSS-tt2mq]

I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have, we find it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Jasmine Querida. I now make huge profits by weekly through his services while still learning to stand on my own

[@dmlexpress9600]

Queridafx analyses go beyond surface-level trends. She delves into technical, fundamental, and sentiment analysis, providing a holistic view of the market..

[@dmlexpress9600]

Her strategy has normalized winning trades for me and it's a huge milestone for me looking back to how it all started.

[@annddyyy-6920]

I’m new at this, how can I reach her?

[@PeterJoshua-zm2fo]

She is all about simple technique that are highly profitable, I really admire her winning mentality.

[@JOSECROSS-tt2mq]

Gram with her username

[@Krisvandermerwe]

One thing that is certain, is that the USA will become more isolated. Deserting Ukraine and its other partners will increasingly isolate the USA from its existing allies. Increased competition with adversaries like China will isolate the USA from its competitors. This may spell the end to the Dollar as the global currency

[@Krisvandermerwe]

And Russia is nobody's friend

[@patrickbateman1660]

It boggles my mind congress doesnt have the power to put tariffs in place instead the president has this power. Seems unconstitutional.

[@galacticmaui2]

Damn, was really hoping rates would go down. My mortgage rate is unaffordable after having my first born. 😅

[@yesand5536]

Did you vote for Trump?

[@bosatsu76]

Welcome to gop America... This is exactly where the Greed is good, worship the rich, Trickle Down propaganda was meant to take us... Hungry, anxious, willing to vote for a tyrant for a few pennies off on butter.

[@galacticmaui2]

@ No I was more speaking in general regardless of who won.

[@BrianMeegan-k3e]

Ready for 14 percent variable rate mortgages ? 😂😂😂😂

[@Kevin_Street]

Whatever happens it's going to be bad. We're all going on a dark, dark ride through scary places. The only question is how bad it will get.

[@mr.fantastic7756]

Cope 😂

[@ck88777]

...FOR YOU

[@ChinnuWoW]

@@mr.fantastic7756 That word has no meaning if you think you can just apply it to any response of something bad.

[@_loss_]

@@mr.fantastic7756 dude doesn't even know what cope means...

[@will4417]

What anyone should ask is what this says about the American society, where people elect a man who spray-paints his face, with a political agenda that boils down to pointing his finger at foreign nations and talking trash with the linguistic skills of a toddler. The man would be labeled as far-right and would struggle to reach 20% of votes in any other modern society.

[@Chairman-w7q]

Yes, the middle class will disappear and there will only be upper and lower classes….guess which one you will be😮 Sleep well 😴

[@jairedatwood7874]

I'm not sure where you live but the middle class is already dead... Maybe you don't get out of the culdesac much but in the world I live in people are struggling and Biden sure didn't make things better so why wouldn't people want anyone else

[@Chairman-w7q]

@ I don’t know where you live but you cannot snap your fingers to fix the rise of inflation, markets starting to fall, the start of a recession, 2.7 million job losses and 1 million American brothers and sisters dead because of lies to use bleach all in Trumps last year of Presidency. Biden did the impossible in 3 years and created the strongest admired economy globally, avoided a recession that everyone said couldn’t be avoided, started to get inflation to come down along with interest rates and market growth that increased 401ks plus positive job growth and brought manufacturing companies back that shut down under Trump….thats what you didn’t understand because se of where you are.

[@SixtyNinersclub]

Yep we will all be poorer. The USA is fucked with Trump.

[@johngallagher912]

The drawing on the video has the arrows pointing the wrong direction.

[@jorgetamayolandois9977]

thank you so ao much for your videos, and congratulations for The Economist sponsorship. Saludos desde México

[@BrianMeegan-k3e]

Those of us who have stock portfolios are very happy. Those who do not will enjoy greater inflation. The rich will get richer, while...

[@spacetoast7783]

Your stock portfolio does not benefit from high inflation and high interest rates.

[@BrianMeegan-k3e]

@spacetoast7783 I am looking to buy a home with cash. Declining home prices are coming , hopefully ! 🤣

[@BrianMeegan-k3e]

@spacetoast7783 Also, back around 1977 money markets were paying in excess of 10 percent. So I can always drop back into that investment strategy.

[@jacklabrador6981]

During Trump's first term, he increased the amount of money a family can earn and still remain in the 22% tax bracket, which totaled $7,751 dollars. During Biden's term, he also increased the amount of money a family can earn and still remain in the 22% tax bracket, which totaled $28,300 dollars.

[@kimmolaine8069]

He's back!