Marie Antoinette sounds like a paragon of compassion right about now
Fun fact: historians think she never actually said the famous line attributed to her (“let them eat cake”), which was supposedly evidence used to show her indifference to economic troubles in France at the time. It’s believed that the line was crafted to feed anti-nobility sentiment among the working class that ultimately led to the French Revolution. (Here’s a source, but there’s many put there)
It’s a good thing that we’ve progressed to the point that nobody uses false information to drive political narratives anymore. /s
I also read that there is a translation issue with the word cake. It was originally reported as saying “brioche,” not cake. Brioche is a type of bread, not a cake like we think of. It is still indicative of a lack of awareness, since the line was uttered in response to poor people not being able to afford bread and she suggested brioche instead, as if there is much difference.
she suggested brioche instead
The fundamental issue is the line was only ever originally attributed to ‘a great princess’ and Antoinette was nine when it was first written by Rousseau. It didn’t become commonly attributed to her until well after her death.
Lmfaooooooooo what a fucking dipshit
Another rich entitled prick who claims to know what the average American thinks.
If this peckerhead really knew what we were thinking, he’d buy a remote island and hide there.
That reminds me, i have to sharpen my guillotine.
Don’t sharpen. Make the blade duller and heavier. Brute force still works.
Yeah, I’ve considered that, but a sharper blade will get through more necks, faster. After all the nonsense of this administration, I want efficiency.
Besides, it will dull quick enough getting through those cervical vertebrae.
Brass engraving futures on the rise.
Who needs money? There’s not going to be anything to buy in the shops anyway!
Keep shovelling shit dumb ass. There’s gonna be a chapter in the history books about you cunts.
Americans are watching their 401k become 401 in real time but sure, they’re not concerned about it. 👍
watched this absolute disaster of an interview. mf’r looks terrified of the sound of hammers swinging nails into gallows.
…but at least he’s happy about the market infrastructure holding up as people panic sell their lives in record trade volumes. oh, christ!
These people pretend to be out of touch.
They just don’t care.
They’re buying time to steal as much as they can for as long as they can.
How much could an egg cost, Michael? Ten dollars?
What do they care about though? This seems deliberate, right? Who’s benefiting from economic collapse? Things you should be asking.
The working class and middle class will continue to work and provide value to investors, because they have to. No work means no food, no home, so people will continue to work and investors will still have that value coming from the working and middle class. Their lives will suck, but that’s not a rich person problem. Ideally, for the rich, the working class and middle class will sell off their assets at fire sale prices so that they can survive and the rich will get valuable assets on steep discounts. Homes that foreclose will be bought up and renters will be put in them and the return for investors will be incredible.
Recessions are when rich people get much wealthier in a short period of time. This is deliberate and the rich will be using their money to “invest” while the working and middle class produce more value for investors at their jobs and sell their assets to the investors.
There is no such thing as a recession being bad for the wealthy. The only thing bad for the wealthy is taxes and regulations. Even if their net worth drops, it only drops on paper temporarily and as long as they don’t sell while the value is down it’s like it never happened. If it ever gets really bad that’s when companies are then deemed “too big to fail” and the government bails them out.
It’s intentional and they’re all excited about the recession.
Putin. Its always Putin, using Skum and HitlerPig as his muscle.
When will people truly internalize that the two biggest foreign Sociopathic Oligarchs, have partnered up with the most prolific traitor in American history? None of them have any loyalty or patriotism toward America, and only see us as a big, rich, fat, lazy target to be ruthlessly exploited and looted, and it’s happening in real time before our eyes.
Putin is like Australopitecus or a Neanderthal, not all Neanderthals lived in Neanederthal, not all Cromagnons in Cromagnon.
It’s a kind of people, thieves evolved enough to steal a country, but not further. It’s our time’s game, how is that problem going to be solved. They themselves don’t see any global problem, only local ones of keeping power and getting more and disposing of those trying to prevent it, and in general doing what they want.
But yes, they desperately hate equality of rights and transparency and distribution of power, and of course Trump is partially a project of others such.
This doesn’t matter, it’s an infestation, one particular cockroach is called Putin, but there are many others procreating.
You can make money betting the market will go down.
It’s entirely likely these ghouls have bet hard on the downturn they have created. They knew exactly when it would happe and how extreme it was going to be. Keeping it going down just makes them money.
People seem to forget that he’s done this each month since he was inaugurated. He threatens tariffs, the market plunges, he makes an excuse to postpone the tariffs, and the market rises again. In between, the wealthy are cleaning up.
By the end of the weekend, they were claiming that countries were calling and begging to negotiate. My prediction is that by the end of the week he will be postponing many of the tariffs, except for countries who are big meanies to him.
The thing I’ve been wondering about is, to what extent will they try quantitative easing and/or bailouts, as was the 2008 strategy. I don’t think trump will endorse QE, but I think it’s possible the establishment of the crypto reserve is so he can bail out his buddies. But instead of saying “I’m bailing out these billionaires” which wouldn’t play well with his base, he’ll say “I’m using USD reserves to diversify investments into crypto”. Which pumps whatever coin he chooses, after which all his buddies dump on the taxpayers.
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Unlikely
Buddy, everyone I know exit the market at the end of January. Some are riding the downtrend with SQQQ as we speak. And these aren’t professional traders with insider knowledge of when Trump would flip or flop. Those who have it have made a killing and would make yet more.
Pal, I wasn’t asking who makes money in an obviously bearish market. I was asking who benefits for having weird-dick Clown Lord tank it.
Oligarchs. They suck up the rock-bottom market and come out the other side with even more of the world’s wealth in their pockets.
Russia does.
Youll see when they start buying all the low low stocks then reverse their tariffs to stabilize the system.
Who buys what?
During the COVID-19 pandemic, billionaires experienced a massive surge in wealth:
- Global Billionaires: Their collective wealth increased by $3.8 to $4 trillion during the first year of the pandemic, reaching $12.7 trillion by 2022, a rise of 42%-54%[2][3].
- U.S. Billionaires: Their wealth grew by $1.7 trillion (58%) over three years, totaling $4.7 trillion by 2023[1][5]. By 2024, U.S. billionaire wealth had risen 88% since the pandemic began, reaching $5.5 trillion[7].
- Top 10 Richest Men: Their fortunes more than doubled from $700 billion to $1.5 trillion during the pandemic[4][8].
Citations: [1] Updates: Billionaire Wealth, U.S. Job Losses and Pandemic Profiteers https://inequality.org/article/updates-billionaire/ [2] Covid-19: A new billionaire has been minted nearly every day … - CNN https://www.cnn.com/2022/05/22/economy/billionaires-poverty-oxfam-davos/index.html [3] Billionaires got 54% richer during pandemic, sparking calls for … https://www.cbsnews.com/news/billionaire-wealth-covid-pandemic-12-trillion-jeff-bezos-wealth-tax/ [4] Ten richest men double their fortunes in pandemic while incomes of … https://www.oxfam.org/en/press-releases/ten-richest-men-double-their-fortunes-pandemic-while-incomes-99-percent-humanity [5] Pandemic Profits: Billionaires Wealth Grew $1.7 Trillion During … https://americansfortaxfairness.org/pandemic-profits-billionaires-wealth-grew-1-7-trillion-three-years-public-health-emergency/ [6] American billionaires decried Joe Biden, gained wealth in his term https://financialpost.com/wealth/american-oligarchy-biden-15-trillion [7] U.S. Billionaire Wealth Is Up 88% Since the Pandemic—Now … https://ips-dc.org/u-s-billionaire-wealth-is-up-88-since-the-pandemic-now-topping-5-5-trillion/ [8] 10 richest men double their fortunes in pandemic while incomes of … https://www.oxfam.ca/news/10-richest-men-double-their-fortunes-in-pandemic-while-incomes-of-99-per-cent-of-humanity-fall/
Op literally answered those questions in the post you’re replying to.
Go ahead and summarize for us: who’s benefiting from economic collapse?
Those who are making money off it…
How is this confusing?
Right what would a person planning on retiring this week need any of that money for. It’s not like they need it to pay for rent or mortgage, or groceries, or anything like that. Fucking cruel bastard.
I mean, the closer you are to retirement, the more heavily your investment mix should favor low risk assets like bonds, rather than high risk assets like stocks. So I can kind of see what he’s saying… It’s just pretty fucking tone deaf.
Dow Jones has gained 60% over past 5 years. Over the past 10 years it has more than doubled. Over the last year it is down 1.5%
Anyone who has kept investing for his retirement in US stocks/ETFs has a very comfy situation.
Дефолта не будет, твердо и четко.
So, if the market goes down >16% [1], no biggie?
The fucking balls on this guy.
[1] And the futures are down nearly another 6% on the S&P as I sit here…
Japan triggered circuit breaker for stock futures trading.
You’re not looking to retire.
They might be looking to stay employed?🤷♂️
I’m not worried about day-to-day markets. That’s not what’s going on here.
“Day to day markets” that have consistently declined for months now.
The problem isn’t people looking to retire, it’s people currently trying to live off their investment income who suddenly only have enough capital to live for 17 years less than they had planned.
Or, for people who had invested for their kid’s education, who now find that there isn’t enough money left to pay tuition in September.
Recession? Lol 😂
More like the greatest depression the likes of which have never been seen
And fucking self inflicted.
So was the depths of the great depression. And it was self inflicted by tarriffs in an attempt to fix the deficit.
History sure as hell rhymes.
The smug look on this motherfucker.
It’s almost like a shit-eating grin, like “is anyone really buying this bullshit?” kind of look.
Others I see wearing it are people like Jesse Watters and Benny Johnson…
That’s true. I’m more concerned about the seven months’ worth of growth that was just wiped out in less than a week. And it’ll continue dropping this week.
