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Joined 6 months ago
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Cake day: October 7th, 2024

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  • I can’t even believe the trump admin is going after tech giants.

    I share the disbelief. I think it is mostly a power play against not just Google, but all tech giants, which must be watching this closely, given most of them operate in a similarly anticompetitive manner: kiss the ring or else. The Trump administration could give Google reprieve in exchange for axing DEI further and helping push their political agenda.

    I can’t imagine anything the admin does will be good for society so maybe its safe to assume they will be broken up so elon can buy a chunk?

    I think so too: if Google doesn’t satisfy Trump and his administration, parts of it will be forcibly sold as private equity, outside of shareholder scrutiny and beyond the reach of the SEC. Such a private company would be easier to control than a publicly traded one.











  • That’s exactly it. Owners want people desperate, because desperate people work for less. As you point out, they start with “illegals”, but they will eventually come for the old and the disabled too, because some people will have to pick up where Social Security left and care for them and, in doing so, will become even more desperate. Who will risk their job fighting for their rights knowing that not only their own livelihood, but also that of their old mother or their disabled brother is on the line? We need to be clear: this is not about government efficiency or even a crackdown on “illegals”, but a war — the owners’ war on us workers and our kin.

    They’ve been manufacturing consent in a similar way in Germany, agitating against immigrants and dubbing some or all people in your situation “Sozialschmarotzer” –“social parasites”–. Under the pretense of fighting those threats they conjure, they’ve been dismantling social security — without DOGE’s viciousness, but bit by bit.


  • All that big talk about forcing countries to negotiate

    Trump indeed touts tariffs as international leverage, but they’re just as much if not more of a domestic power play that forces US businesses to kiss the ring in order to get exemptions. Businesses that pledge allegiance keep their supply chains and survive, whereas those that don’t satisfy the Mango get to pay tariffs and compete with exempted businesses in a weakening consumer market with decreasing purchasing power.








  • This is due to a few people in power, not because of tsunamis etc. So this can switch over in just a day.

    In my view, the damage is very real and businesses will keep suffering even if Trump winds down his tariff ambitions, because the uncertainty and unpredictability hinder investment decisions. For example, if you managed an aluminium business like Alcoa, would you put up the cash to set up new smelters in the US despite melting stock prices, high borrowing costs and the possibility that the tariffs shielding those US smelters from foreign producers are reduced or even scrapped altogether without warning? Many businesses are “damned if they do, damned if they don’t”.

    I’m sure there are smart plays in this market, but I’m also convinced that we’ve entered a bear phase.