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Northern Ireland26225 Posts
On November 10 2025 11:23 Razyda wrote:Show nested quote +On November 09 2025 11:33 WombaT wrote:
What track record of economic literacy does Trump have? What work are you referring to?
I mean sure an undergrad doesn’t confer expertise consummate to a proper policy wonk, but most of those cats aren’t exactly down with the Don either.
It’s this strange Jimmy hinterland where the general consensus of actual economists, who I mean are the experts here can be discarded, but Harris isn’t enough of an expert?
I mean someone with a biology undergrad who works in another field ain’t a scientist, but they’re higher up the expertise scale than some bloke denying evolution or vaccines. He were able to count money his campaign had for starters  . Like, you know, didnt end up with 20kk deficit.
Not really the same thing, even if I don’t know what you’re specifically referring to.
Millions of us can do a household budget, or run a business of some kind. It’s not the same thing as having a sound grasp of economics and how that pertains to a large entity like a state.
As I’ve done in the past, I’ll happily confess to having a semi decent grasp on political theory and philosophical concepts, very much not so economics and fiscal policy. Which is why I appreciate breakdowns on such things from some of the fine people here.
It’s quite symptomatic of the whole fucking Trump malaise. The man can’t accept he’s not an authority on everything, his fan base can’t either. It’s bizarre. The entire point of having things like cabinets, and a civil service/government bureaucracy is precisely because even a savant can’t be on top of everything.
I can either program extremely mediocre drums to accompany my slightly less mediocre music, or, I can just admit I suck at drums and get my pro drummer brother to do it.
But for whatever reason, in politics doing that clearly sensible thing is seen as a sign of weakness rather than the objectively pragmatic call.
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He's making the point (whether or not you think its a good one) that Trump was way better at making profit on his campaign than Harris was, there for he understand economics. I'm not sure that open corruption and taking in lots of donations (that some how make him personally richer) is really a good argument for him understanding economics or that somehow making him the guy you want making the decisions for you country.
Like here's a Jet , 2bn in your crypto country and we get a air force base in Idaho, Deal? Now it makes Trump a bunch of money, so to Rayzda this is good. I'm not sure why he doesn't care that its not good for the American people, but he is also in a pretty freaking large group of people.
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On November 09 2025 23:50 KT_Elwood wrote:
Trump's economic/business knowledge and skills can be reduced to:
"FUCK YOU. I am rich important and connected, so I am not going to pay for that, sue me."
That's the spirit of Tariffs, cheating contractors out of payment or denying SNAP benefits or healthcare subsidies to people, even with a court order telling you to.
Or handing 40k Million dollars of bailouts to your friend's friend in Argentina.
If Chuck Schumer, over the outlook that most commercial planes in the US are going to be grounded in a few weeks ruining rich people´s holidays, is going to cave, somebody need to persue the Idra approach.
I don't get why are we still debating about tariff.
it's been shown over and over again it doesn't kill the entire nation economy as predicted, nor do the entirety of the tariff get passed onto the US consumers.
It's always been a global tax, because tariff is just another cost for firms to manage on the balance sheet.
Unfortunately, the debate from economists seems to end at a hypothetical debate level, overall net positive/negative etc.
Completely ignoring the fact that the world has gone way beyond trade value and more on resilience, which actual business decisions have been making.
And then there are still those who can't accept the fact that crypto is happening. EU still loving the CBDC idea, and they barely can catch up while the crypto adoption in retail are forcing them to finally move ahead.
How's germany and france economy doing under the more economic/business knowledge and skilled leaders? hint: prepare yourself for yet another lost decade ahead.
Germany is entering stagnation/recession, France REAL GDP is 1%. Italy 0.6%
Have you looked at Porsche recently? 99% profit plunge.
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United States43536 Posts
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Germany has 3 Problems:
0. We are export focussed with a low income domestic market.
1. China has catched up in cars and engineering.. all it took for them was investing into education and businesses, while we did not for 15 years.
2. The US have become protectionist overnight, and german managers are too cautions to bet on TACO, as they should have
With Trump, climate change has become a problem of people under 70. So porsche, their customers usually older men, wrote off all investmens into BEV cars, heel turned to internal combustion and put 90% of profts into the ICE investment account - resulting in a spectactular "profit plunge".
Porsche AG is owned by Volkswagen AG. But Volkswagen AG is owned by the state of Lower-Saxony, some Arabs, but most of all the Nazi-Offspring-Family of Porsche-Piech with the "Porsche Holding SE"
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Northern Ireland26225 Posts
On November 10 2025 15:38 ETisME wrote:Show nested quote +On November 09 2025 23:50 KT_Elwood wrote:
Trump's economic/business knowledge and skills can be reduced to:
"FUCK YOU. I am rich important and connected, so I am not going to pay for that, sue me."
That's the spirit of Tariffs, cheating contractors out of payment or denying SNAP benefits or healthcare subsidies to people, even with a court order telling you to.
Or handing 40k Million dollars of bailouts to your friend's friend in Argentina.
If Chuck Schumer, over the outlook that most commercial planes in the US are going to be grounded in a few weeks ruining rich people´s holidays, is going to cave, somebody need to persue the Idra approach. I don't get why are we still debating about tariff. it's been shown over and over again it doesn't kill the entire nation economy as predicted, nor do the entirety of the tariff get passed onto the US consumers. It's always been a global tax, because tariff is just another cost for firms to manage on the balance sheet. Unfortunately, the debate from economists seems to end at a hypothetical debate level, overall net positive/negative etc. Completely ignoring the fact that the world has gone way beyond trade value and more on resilience, which actual business decisions have been making. And then there are still those who can't accept the fact that crypto is happening. EU still loving the CBDC idea, and they barely can catch up while the crypto adoption in retail are forcing them to finally move ahead. How's germany and france economy doing under the more economic/business knowledge and skilled leaders? hint: prepare yourself for yet another lost decade ahead. Germany is entering stagnation/recession, France REAL GDP is 1%. Italy 0.6% Have you looked at Porsche recently? 99% profit plunge.
To clarify, are you drawing a link between crypto reticence and relative European economic stagnation or am I misreading you?
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On November 10 2025 15:38 ETisME wrote:Show nested quote +On November 09 2025 23:50 KT_Elwood wrote:
Trump's economic/business knowledge and skills can be reduced to:
"FUCK YOU. I am rich important and connected, so I am not going to pay for that, sue me."
That's the spirit of Tariffs, cheating contractors out of payment or denying SNAP benefits or healthcare subsidies to people, even with a court order telling you to.
Or handing 40k Million dollars of bailouts to your friend's friend in Argentina.
If Chuck Schumer, over the outlook that most commercial planes in the US are going to be grounded in a few weeks ruining rich people´s holidays, is going to cave, somebody need to persue the Idra approach. I don't get why are we still debating about tariff. it's been shown over and over again it doesn't kill the entire nation economy as predicted, nor do the entirety of the tariff get passed onto the US consumers. It's always been a global tax, because tariff is just another cost for firms to manage on the balance sheet. Unfortunately, the debate from economists seems to end at a hypothetical debate level, overall net positive/negative etc. Completely ignoring the fact that the world has gone way beyond trade value and more on resilience, which actual business decisions have been making. And then there are still those who can't accept the fact that crypto is happening. EU still loving the CBDC idea, and they barely can catch up while the crypto adoption in retail are forcing them to finally move ahead. How's germany and france economy doing under the more economic/business knowledge and skilled leaders? hint: prepare yourself for yet another lost decade ahead. Germany is entering stagnation/recession, France REAL GDP is 1%. Italy 0.6% Have you looked at Porsche recently? 99% profit plunge.
There is a lot wrong here, but I'll focus on the Crypto piece.
Crypto is absolutely not happening. Where in retail is crypto being used? In Europe? Well, I live there and the amount of places that take Crypto has been going down, not up, no one is using crypto to buy and sell anything other then drugs.
The EU proposal for a digital currency is not a win for crypto, in fact, the proposal uses none of it's technology, it's basically there to get away from the insane reliance that a more and more cashless EU has on American fintech, specifically Visa and MasterCard.
Feel free to check this article for any mention of Crypto in case you are still under illusions that this has anything to do with it:
https://en.wikipedia.org/wiki/Digital_euro
The only area where "crypto is happening" is corruption and money laundering on a huge scale, sponsored by World Liberty Financial.
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I honestly in decades think about switching banks, because my bank is shamelessly lobbying against digital euro.. which would undermine their paypal alternative as well as their CC business.
Germans usually don't have CC debt. Like at all. They pay the CC bill same month. You have CCs for traveling.
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IIRC most banks and especially multinationals are lobbying against it because they all make money off of transfer and currency fees, and Germany's banks are some of the most regressive and restrictive I have encountered.
All of my friends from all over the world can pay with their contactless cards almost anywhere we went, but my friend who lives in Germany was always the only one who had issues moving money and paying for stuff abroad, no CC in his case.
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Shouldn't be an issue nowadays, Debit cards work basically everywhere too.
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On November 11 2025 04:50 Velr wrote:
Shouldn't be an issue nowadays, Debit cards work basically everywhere too.
Germany still has a lot of "ec" cards, which are a different system from visa debit. They are slowly being phased out by banks, but they are still kind of common, and some shops only accept those because of course they do. Afaik you have a hard time with those cards basically anywhere but in Germany.
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Oh, you also don't have them yet? I figured plenty of places just don't take any cards at all (which i personally don't mind) but that you got the "new" cards like... everyone else?
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On November 11 2025 06:16 Velr wrote:
Oh, you also don't have them yet? I figured plenty of places just don't take any cards at all (which i personally don't mind) but that you got the "new" cards like... everyone else?
I mean, i got them. But some shops don't take them. Which is annoying. About maybe 5-10 years back everything was EC, nowadays as i said banks are mostly pushing visa debit. And i am sure that some people still only have EC cards.
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These are baically gone here, I didn't even realize that I had a Debit card. Don't you just get sent a new card every few years in germany?
German shops not taking any cards I see as "unique quirk of germany" at this point
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With many people being frustrated and angry with Democrats who gave in, there seems to be an understanding that you can't just wait and hope things change in the future, but you need to actively pressure to achieve gains. Even simply not participating is understood as a useful contribution. However, this does not seem to apply to democrats themselves. Progressives should not put pressure on democrats to do better, but trust that the party will change in the future. Such actions are easily labelled as dangerous infighting and purity testing. "Vote blue no matter who" should really be questioned on these grounds. However, I admit that it is challenging to envision how one would exert pressure comparable to a government shutdown on the Democratic Party.
I also think that the majority of politicians and their donors do not really care about SNAP or ACA being funded properly. They are not getting calls about someone they personally know who is starving. They are much more likely to hear how investments and profits are down or how some project is stalled. If the budget does not have funding or certain tax benefits, it is not a significant issue for them. Thus, politicians are easily complacent with the current status of public services. Services are beneficial in an abstract sense, and supporting them is a virtue rather than a firm belief that services are inherently good for society. Only more ideologically motivated individuals will actively push for larger reforms, such as universal healthcare. This also manifests in a lack of proper political platforms, as you end up running on the basis of managing things better than the other side.
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The only real way to have leverage over the Democratic party is for a significant enough number of Congress and Senate members to leave and form a party.
They can still vote and caucus with the Democrats on a majority of issues, but there is absolutely no point in the whole party and with it the whole left in the USA to be a hostage of a gerontocratic, rudderless and feckless party with no real leaders or ideas.
On the matter of who the politicians caved to and who the pressure came from, i think it's exactly the donor class who started to feel some consequences by having their private jet flights delayed so they gave the spineless 8 a call to cave.
The "vote blue no matter who" bullshit went out of the window when the Democratic Senate minority leader refused to endorse the winner of Democratic primary in New York, to me, Chuck Schumer is a cooky idiot and the fact that he is currently the most powerful democrat tells you all you need about how lost of a cause this party is under his "leadership".
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On November 10 2025 20:40 Jankisa wrote:Show nested quote +On November 10 2025 15:38 ETisME wrote:On November 09 2025 23:50 KT_Elwood wrote:
Trump's economic/business knowledge and skills can be reduced to:
"FUCK YOU. I am rich important and connected, so I am not going to pay for that, sue me."
That's the spirit of Tariffs, cheating contractors out of payment or denying SNAP benefits or healthcare subsidies to people, even with a court order telling you to.
Or handing 40k Million dollars of bailouts to your friend's friend in Argentina.
If Chuck Schumer, over the outlook that most commercial planes in the US are going to be grounded in a few weeks ruining rich people´s holidays, is going to cave, somebody need to persue the Idra approach. I don't get why are we still debating about tariff. it's been shown over and over again it doesn't kill the entire nation economy as predicted, nor do the entirety of the tariff get passed onto the US consumers. It's always been a global tax, because tariff is just another cost for firms to manage on the balance sheet. Unfortunately, the debate from economists seems to end at a hypothetical debate level, overall net positive/negative etc. Completely ignoring the fact that the world has gone way beyond trade value and more on resilience, which actual business decisions have been making. And then there are still those who can't accept the fact that crypto is happening. EU still loving the CBDC idea, and they barely can catch up while the crypto adoption in retail are forcing them to finally move ahead. How's germany and france economy doing under the more economic/business knowledge and skilled leaders? hint: prepare yourself for yet another lost decade ahead. Germany is entering stagnation/recession, France REAL GDP is 1%. Italy 0.6% Have you looked at Porsche recently? 99% profit plunge. There is a lot wrong here, but I'll focus on the Crypto piece. Crypto is absolutely not happening. Where in retail is crypto being used? In Europe? Well, I live there and the amount of places that take Crypto has been going down, not up, no one is using crypto to buy and sell anything other then drugs. The EU proposal for a digital currency is not a win for crypto, in fact, the proposal uses none of it's technology, it's basically there to get away from the insane reliance that a more and more cashless EU has on American fintech, specifically Visa and MasterCard. Feel free to check this article for any mention of Crypto in case you are still under illusions that this has anything to do with it: https://en.wikipedia.org/wiki/Digital_euroThe only area where "crypto is happening" is corruption and money laundering on a huge scale, sponsored by World Liberty Financial.
What is the "a lot wrong" here.
Tariff ? You talking as if it's not being done already. Or you think US citizens are paying 100% of the tariff? Where's the economic collapse similar to what germany is having?
GDP numbers of germany, France Italy etc? Feel free to look it up.
Porsche profit dump? It's literally in their published financial report.
I didn't say CBDC is a win for EU. EU is against crypto but forced to update their rules because a ton of their investors already own it.
EU wants digital CBDC because digital transaction via traditional fintech just isn't good enough, similar to China's approach.
Whoever says crypto isn't happening is completely ignorant for the past couple of years. Majority of portfolio from retail to institution already own crypto globally.
Japan's crypto players jostle for market share on regulatory easing hopes | Reuters https://share.google/6ryZcVWOgLmkt4J2K
S.Korea's crypto market doubles to $77.5 bn with 20% of population trading - KED Global https://share.google/xrwRTVpkqwZabfLZq
Thai Digital Asset Market Tops THB1 Trillion Mark Despite Slowing Trade https://share.google/adCogUlJ9vsBCzsBL
Vietnam's Crypto Market Surges to $220 Billion - VnEconomy https://share.google/YhqhyoSn4ufbwZD8s
I haven't even listed a bunch of countries launching stablecoins, nor the US.
Let me know if you can't Google to find more sources.
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On November 10 2025 19:50 WombaT wrote:Show nested quote +On November 10 2025 15:38 ETisME wrote:On November 09 2025 23:50 KT_Elwood wrote:
Trump's economic/business knowledge and skills can be reduced to:
"FUCK YOU. I am rich important and connected, so I am not going to pay for that, sue me."
That's the spirit of Tariffs, cheating contractors out of payment or denying SNAP benefits or healthcare subsidies to people, even with a court order telling you to.
Or handing 40k Million dollars of bailouts to your friend's friend in Argentina.
If Chuck Schumer, over the outlook that most commercial planes in the US are going to be grounded in a few weeks ruining rich people´s holidays, is going to cave, somebody need to persue the Idra approach. I don't get why are we still debating about tariff. it's been shown over and over again it doesn't kill the entire nation economy as predicted, nor do the entirety of the tariff get passed onto the US consumers. It's always been a global tax, because tariff is just another cost for firms to manage on the balance sheet. Unfortunately, the debate from economists seems to end at a hypothetical debate level, overall net positive/negative etc. Completely ignoring the fact that the world has gone way beyond trade value and more on resilience, which actual business decisions have been making. And then there are still those who can't accept the fact that crypto is happening. EU still loving the CBDC idea, and they barely can catch up while the crypto adoption in retail are forcing them to finally move ahead. How's germany and france economy doing under the more economic/business knowledge and skilled leaders? hint: prepare yourself for yet another lost decade ahead. Germany is entering stagnation/recession, France REAL GDP is 1%. Italy 0.6% Have you looked at Porsche recently? 99% profit plunge. To clarify, are you drawing a link between crypto reticence and relative European economic stagnation or am I misreading you?
Nope.
If you still haven't done any search on the topic, fintech and banking change will happen one way ot another. It's about prioritizing CBDC or crypto.
EU in general heavily favors CBDC, because it gives precise allocation, tracing / monitoring and control.
It can bank the unbank but also control which merchant can receive and limit how much can be spend on what form of spending.
China has already done similar program on limit spending through wechat pay before.
But even China is test piloting crypto via Hong Kong with stablecoins and crypto
https://share.google/ZCNFNW5qgsADi4zUZ
EU falling behind in everything including crypto pilot effort is my point. More red tapes and controls, lagging innovation and now productivity growth. Story of EU especially the west side.
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United States43536 Posts
You’ll never get a sensible response out of cryptobros, there’s not much point in waiting for one.
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On November 12 2025 03:54 KwarK wrote:
You’ll never get a sensible response out of cryptobros, there’s not much point in waiting for one.
Aww how cute.
How many more sources do you need?
Do you think CBDC or government control ledger money is the only form of money can exist? Good luck with that thought buddy.
Never needed to be sensible to you, you don't matter because people /institution/ gov familiar with this topic will make the trend for you to adopt.
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EPT
