Thursday, April 10, 2025

Mr. "Spine of Steel" Backs Down😂 - or Was This Market-Manipulation/Insider Trading?


So I've been watching the headlines at Fox News for a laugh, just to see how they try to spin this tariff disaster into a positive, it's been hilarious!  😂

And like Jimmy Kimmel, I also saw the headline quoting somebody (can't remember who) saying "Trump has a spine of steel, he'll never back down."

Welp, he sure did - and the markets immediately responded.

Only Jimmy Kimmel added something like "If he has a spine of steel, we'll need that, since most of our steel now comes from China."  😂😂😂


Speaking of China, that's the only tariff Trump kept in place, actually raising to 125%, likely just to be his normal petty, petulant self. 


Let me tell you something - at this point, we need China more than they need us. 

So he can raise tariffs against China to 500% and they won't give a fig, all that will do is raise our prices on everything from steel to labor to cheap yoga pants on Amazon 😂


And isn't it curious that Russia received no tariffs at all?

Trump cited we don't do much business with them and the fact "they're at war."

Okay, the first part is somewhat true, but as far as war, so is the Ukraine .... and Israel ... both of whom DID receive tariffs?

Hmm.

Well, let's all just take the "pause" win on tariffs and exhale for the day ... or a few hours ... before Trump does something else nonsensical while flexing his power muscles. 

Whatever he does, most likely, he'll just go play golf again, just like Nero playing the violin while Rome burned.


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PS - Ya gotta wonder, though.  I wondered this the other day, but dismissed it.  However, Adam Schiff just openly accused Trump of it for investigation. 

Now, I'm not much of a conspiracy theorist, but tanking the markets on purpose, buying low because you know they're going to skyrocket soon, would be good for personal investments. 

Market manipulation. of course, is highly illegal, and is a key aspect of insider trading, but who ever said Trump cared about t legal?

However, considering Trump has bankrupted at least 4 times that we know of for sure, I'm not sure that was the intent -  it's more likely that he tried to flex his "world conqueror" muscles and when even his own GOP advisors and friends said this was a terrible idea, he stopped, but ya never know -  it could be both?

But let's say we found absolute proof that he tanked the market on purpose so he could buy when prices are low, let go of tariffs to watch them rebound so he could profit personally.

Of course, let's pretend, worst-case scenario, that he was manipulating the market and engaged in insider trading for person gain.

Playing with people's livelihoods and pensions for his own personal gain would be abhorrent for a POTUS to ever do, but since he can't be prosecuted as president - and most of congress is GOP - he's never get impeached for it.

Sad state of affairs, but true - IF he was guilty of that - which we would need smoking-gun evidence of - nothing could happen to him anyway.





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