The Goat Pen

just like America got dumber with the DOE

America is less healthy with the NIH
worth listening to, although admittedly he loses a bit of credibility with the Dr. Oz statement but until then he was kicking ass, and then he start kicking ass again afterwards.

loved him calling out the lobbyists to their face

Trump is literally the best POTUS since FDR. No wars yet which is the most important thing for those who are not illiterate, not a blind servant of the war machine or wall street like Bubba and Obummer, not a comatose placeholder like Biden. Not saying he gets everything right but this is quite refreshing. Murica fuck yeah!

LOL,, this guy is like "make your case, but show some humility about what the voters were trying to say by putting Bobby Kennedy and Trump in this position." They weren't trying to say anything, they DID say "we're idiots, every last goddamn one of us,and we're proud of that although we'd rather die than admit it, ever"...

LOL also at that guy repeatedly talking about "humility." He's a loudmouth jackass. "Humility"...

S&P's are down another 200 points since this was posted, probably need to add another $2 trillion to that number. And we're just getting started. Fucking genius...

hedge wrote: ↑Thu Apr 03, 2025 9:53 am

Heh Russia doesn't matter.

We have less than $3 billion in trade with them. And declining. It goes that much lower, we are approaching embargo levels with a nation of 140,000,000 people.

A tariff on a nation you don't really even trade with, is pointless.

Trump has got to be the dumbest motherfucker to ever sit behind a desk in the Oval Office. He doesn't give a shit about you whether you're dem or repub. His goal is to wipe out our economy & then become King.

Now THAT was dumb.

"A tariff on a nation you don't really even trade with, is pointless."

You mean like Heard Island and MacDonald Islands? To name just a couple...

"His goal is to wipe out our economy & then become King."

King of what??

From IC. So true and so preventable. But you clowns don't want friends, allies and trading partners, you're just worried about getting "ripped off." And why? B/c fuckin' Trump told you so. Fucking idiots...

Some things can't be fixed. The retreat from NATO will have a meaningful impact on our $65B of aircraft exports - 6% of our total exports. Europe is now having to invest in rearmament industries because the Trump administration has made it clear that it's no longer a reliable supplier and partner. We'll still be able to sell F-16 parts, but it's clear that new weapons programs for our partners are going to be built outside of the US. And the world will never again trust the USA electorate to make any kind of rational decision going forward.

I'm sure IB and the rest of the Maga genius's understands exactly what's happening here. Of course I'm kidding, you clowns don't understand jackshit...

Trump’s Tariffs Were Supposed to Boost the Dollar. Why the Opposite Happened.​
Worries that long-term U.S. growth will fade could matter more for the currency than the mechanical impact of tariffs​

GIFT LINK —> https://www.wsj.com/finance/currenc...c ... _permalink

“While President Trump has always claimed to want a weaker dollar, the consensus among investors was that his policies would strengthen it.

Turns out he was right, but perhaps in the worst way.

… What was more unexpected is that the U.S. dollar tumbled against most major currencies. The WSJ Dollar Index, an indicator based on a basket of currencies, has now lost more than 5% this year and is below where it was on Nov. 5, before its postelection rally.

This is making Wall Street analysts look pretty bad: Most were telling investors, even up to the very moment in which tariffs were announced Wednesday, that protectionist policies would push up the currency.

The idea was that fewer purchases of overseas goods would narrow the trade deficit and mechanically reduce U.S. demand for foreign exchange. Also, U.S. growth is outpacing the eurozone’s, which has historically been dollar-positive.

Instead, speculators have swung to betting heavily against the greenback, Commodity Futures Trading Commission derivatives data shows.

… The sudden unwind can’t truly be about tariffs increasing the risk of recession. The dollar usually strengthens during busts as well as booms because investors seek refuge in it—creating the famous “dollar smile.”

Why did the market get it wrong? Perhaps the greenback is at such expensive inflation-adjusted levels that it was primed to fall. Or, as some investors argue, U.S. economic aggression against allies is eroding the dollar’s “global reserve” status. …”

Since aTm won't rig this site to post Bluesky posts, I had to copy and paste...


Tim Onion
‪@bencollins.bsky.social‬
I'm watching CNBC. These anchors are so angry. They really didn't believe he'd do it. They're actually just now, 10 years into this shit, realizing he's a maniac hellbent on revenge and there's no grand plan for the markets. Better late than never but holy shit.
April 3, 2025 at 10:14 AM

‪Tim Onion‬ ‪@bencollins.bsky.social‬
6h
It's great TV watching these CNBC analysts realize there is no "theory" on TV in real time and they can't even invent one. One just said "They're burning down the house to cook a steak." There's a phone ringing off the hook in the background no one's picking up. It's chaos, I recommend it.

And you fuckers talk about Trump Derangement Syndrome? Y'all will gladly literally burn this country to the ground just to "own the libs." Oh yeah, and not have any dicks in the women's bathroom at WalMart...

From IC:

The US economy used to produce textiles. We don't anymore. That's because we graduated from textiles! We moved up in the world. Let the low-paying, low-margin production go to other countries while we focus on high-value, high-productivity products to make us rich.

It's like when a rich investment banker takes his car to the mechanic to get the oil changed. The banker could do it -- but it's not worth the time. In the time it takes the banker to change the oil, he could make $10K. So instead he pays someone else $100 and smokes cigars.

And in this example, the US is the rich investment banker. Even the MAGAs! Bangladesh is like the mechanic changing our oil.

By the way, that rich banker runs a huge trade deficit with the mechanic. It's very one-sided. The banker transmits to the mechanic a few hundred dollars per year, and the mechanic transmits nothing in return. By Trump logic, the mechanic is ripping the banker off.

Trump’s ‘idiotic’ and flawed tariff calculations stun economists
‘Willing sycophants’ came up with simplistic formula that has thrown global economy into disarray
www.theguardian.com www.theguardian.com

Trump is obsessed trade deficits. CNBC showed a series video clips of Trump complaining about trade deficits back into the 1980's. This has been an issue for him for 40 years. So when they said, “The boss hates trade deficits and his team of willing sycophants came up with a formula, however idiotic, that ticked the box.” they are just pandering to his long-standing obsession.

But they neglect the simple fact that the US is 28% of global GDP but only 4.5% of the global population. You can't consume that much shit without outsourcing a lot of it to low cost sources. And these countries are too poor to buy products the US makes. We buy diamonds from Lesotho, no amount tariffs is going to make those poor miners buy US products. And now we learn Trump's whole tariff formula is based on trade deficits, which is just asking the wrong question.

My favorite post on this thread was from @TangledUpInBlue06 when they said "You start to understand how this idiot could bankrupt a casino."