• Keilik@lemmy.world
      9·
      6 hours ago

      Powell’s term ends May 26th anyways, so them/trump trying this now means that things are SUPERFUCKEDTM and he is trying everything in his power to keep the crash from happening before the midterm elections.

    • Tehbaz@lemmy.wtfEnglish
      12·
      7 hours ago

      When it collapses due to him installing a mouth breathing MAGA loyalist maybe then Americans will be pissed off enough that it’d be better to put their tools down for a prolonged general strike rather than wait for a rigged election.

      • CharlesDarwin@lemmy.worldOPEnglish
        2·
        6 hours ago

        I don’t have any special information, so this may sound like a conspiracy theory, but it seems that when people with very deep pockets have someone fucking with their stuff, it seems like they retaliate and in not-so-peaceful ways.

        And fucking with the markets is very much something these kinds of people consider “their stuff”.

        Donvict is a moron, but it seems he’d be cunning enough to realize this and he probably even had an understanding about this kind of danger on a much lower level when he was rubbing elbows with the mafia in NYC. But maybe he’s not as cunning as I thought.

        • Tehbaz@lemmy.wtfEnglish
          2·
          6 hours ago

          It depends of course on who he puts in to replace Powell. If they are going to blindly drop interest rates like what Trump wants inflation is likely to spike again, which will benefit corporations due to lower borrowing costs while raising prices of consumer goods, but will fuck over ordinary people in a massive way.