Showing posts with label Trump kleptocracy. Show all posts
Showing posts with label Trump kleptocracy. Show all posts

Friday, April 11, 2025

Ooops





And, from The New Republic:
“In the last few days, we have had many conversations with macro fund managers,” wrote Tom Lee, the head of research at the financial analysis firm FSInsights.

“And their concern is that the White House is not acting rationally, but rather on ideology. And some even fear that this may not even be ideology,” Lee continued. “A few have quietly wondered if the President might be insane.”

Lee placed the blame for any economic fallout squarely in Trump’s lap, arguing that Trump’s decisions behind the Resolute Desk lead to a “binary outcome,” though they don’t always make sense.

[...]

"[T]the longer this volatility lasts, the greater the risk the US and the world are getting pushed into a needless recession,” he warned.

Other financial experts, including JP Morgan Chase CEO Jamie Diamond, have similarly assessed that Trump’s plan has pushed the U.S. to the brink of a recession.

  New Republic
The S&P 500 was down 2.3% early Thursday, a day after surging 9.5% following President Donald Trump ’s decision to pause many of his tariffs worldwide. The Dow Jones Industrial Average was down 685 points, and the Nasdaq composite was down 2.9%.

  Independent UK
China increased its tariffs on US imports to 125 per cent, vowing to ‘fight to the end’ in a trade war that threatens to up-end global supply chains.

The hike, hitting back against Donald Trump's decision to hike duties on Chinese goods to 145 per cent, will come into effect on Saturday.

Reacting to the news, the US dollar index fell 1.2 per cent to 99.50, marking its lowest level since April 2022.

[...]

Chinese President Xi Jinping made his first public comments on the tariff war on Friday, urging the European Union to join China to “oppose unilateral acts of bullying”.

As quoted by state broadcaster CCTV, he said: “There are no winners in a trade war, and going against the world will only lead to self-isolation.”

  Independent UK
And the European Union is, in fact, working with China.


UPDATE 04/12/2025:



Tuesday, April 8, 2025

America for sale

 



Sarah Kendzior, authoritarian regime scholar and author of several books about what's happening to this country, started taking her children to all the National Parks during Trump 1.0, because she doesn't believe they will survive the current trajectory.  I expect she's right.  I've been lucky enough to have seen many of them in several traveling vacations I took while working for the University of Missouri.  If you haven't been yet, try to get to as many as you can while they're still open.  They're truly amazing.  The National Parks Service will be shut down completely in Trump 2.0.



Wednesday, March 12, 2025

America for Sale

 


And in tandem, they are eliminating the Consumer Financial Protection Board. So, when you do have to turn to the private sector, they can rip you off and perhaps destroy you.




Tuesday, March 4, 2025

America for sale

 



Of course.  The capitalist who owns it can charge a fortune to taxpayers for the water.


Wait until he gets to national parks.


UPDATE 04:14 pm:


UPDATE 03/05/2025:


UPDATE 03/05/2025 09:51 am:


Did anything sell?

UPDATE 03/10/2025:  Fiasco, per usual.  And, maybe this had something to do with calling off the insanity?





Thursday, February 27, 2025

Opening the country's purse to oligarch(s)

After seizing the [capitol] in a fast-moving late January coup and with universal control of government ministries now seemingly assured by a quiescent parliament, South African oligarch Elon Musk spent his third week in power dismantling the legal constraints that would stop him — already the world’s wealthiest man — from turning the US government into his personal piggy bank.

[...]

Musk — already the world’s richest man — seems set to transform the nation checking account into his own business development fund. The country’s foreign ministry indicated that it planned to buy $400 million of unnecessary and ill-suited vehicles to help prop up Musk’s troubled car company, which has been struggling in recent years due to its shoddy quality. The bombastic Musk, who has god-like ambitions of colonizing space and also runs a large rocket company that does billions of dollars of work with the government, announced that in the coming days his junta DOGE forces would also take control of the nation’s civilian space agency.

[...]

In some of her first moves at the nation’s top law enforcement officer, attorney general Pam Bondi moved to effectively decriminalize large swaths of crimes most commonly carried out by the country’s financial and power elites. Amid spreading signs that the US government would be remade as a kleptocracy at home, she disbanded a special justice ministry task force aimed at investigating foreign kleptocrats, announced prosecutors would no longer seek to punish elites who accepted secret payments from foreign governments nor US companies that paid bribes to do business overseas.

Trump himself moved to fully pardon one former provincial governor who had been previously imprisoned for soliciting bribes in exchange for gubernatorial appointments — a move that clearly will serve as an endorsement of such behavior going forward — and dropped pending criminal charges against two of his own personal staff who had abetted his efforts to thwart federal prosecution after he’d been previously removed from office in 2021. He also removed longstanding supports for government officials that he chose to fire, legally or not.

Perhaps most worrisome, he extended a weeks-long purge of prosecutors and law enforcement who had investigated white nationalist terrorist groups and militias loyal to him personally, further seeming to clear the way for those groups to take up violence in his name.

More broadly, the regime shuttered, disbanded, or disabled one watchdog agency after another.

[...]In a nod to the nation’s powerful class of oligarchs, the regime also indicated that in the coming days it would fire and neuter thousands of tax investigators who had been added in recent years in an attempt to improve compliance by the country’s wealthy, who largely ignore the country’s social contract to pay their share of tax receipts.

Musk personally announced his intention to “delete” the nation’s consumer protection bureau, which has stood in recent years as a roadblock for his own ambitions to force the nation’s citizens to use his website as a national payment system.

[...]

Trump declared that he intended to personally intervene in criminal cases, and apparently wasted little time doing so: Much of the week’s headlines in the capital focused on the regime’s ill-fated attempts to coerce the opposition mayor of the country’s largest city into cooperating with the regime’s politically driven crackdown on illegal immigrants.

[...]

Most of the nation’s internal corruption watchdogs, known as inspectors general — who collectively had at least 32 active investigations underway into Musk’s sprawling business empire — were fired in the regime’s first days.

[...]

While nearly all of the regime’s moves in recent weeks have been subject to court challenges, there were spreading signs that the regime planned to ignore contravening orders from the judiciary — powering through what has long stood as the country’s ultimate check-and-balance on corrupt uses of executive power.

[...]

The bizarre executive power-sharing agreement — with Musk operating as an illegitimate head of government and the senile Trump content to serve out his ramblingly incoherent dotage as a ceremonial head of state — was highlighted it an eye-popping midweek press conference, where Musk, possibly high on narcotics and wearing a “Dark MAGA” hat that referenced the elected president’s neofacist supporters, held court at length in the oval-shaped presidential office while Trump sat near-silently at his desk.

[...]

Together, the moves hung a giant sign that the US, which until now had been known for operating one of the cleanest and least corrupt business environments in the world — a series of structures, enforcement mechanisms, regulatory schemes, and legal practices that had made it the global headquarters for the world’s largest and most successful businesses — was now open to bribery and graft.

[...]

Republicans, also cowed into silence and acquiescence by years of Trump bluster and MAGA threats, have made clear they will serve as a rubber-stamp. Opposition Democrats skirmished briefly on the floor of the Senate, but they quickly capitulated—deciding, for the third weekend since Musk took over, that it was important to not work through the weekend. In fact, senior Democratic officials quickly left town entirely — making the bizarre choice that it was more important to show up at the glitzy international confab known as the Munich Security Conference to reassure allies that they intended to defend democracy someday, than it was to actually do so at home.

  Dooomsday Scenario


Wednesday, February 26, 2025

Trump-Musk: B movie villains

 I don't think I've ever encountered a more despicable sight.  After Israeli war crimes have decimated Gaza, Trump puts this trash out.

Like something out of a Batman movie where the villain takes over.  Or Back to the Future, Part II, with Biff Tannen.

The video also comes at a time that a ceasefire between Hamas and Israel remains on shaky ground, with both sides accusing the other of violating the protocols over an agreement that is designed to swap Israeli hostages in Gaza who were seized in the 2023 attack for jailed Palestinian prisoners.

  Newsweek





Ooops.


Also...
America for sale.


Let's see....who would be able to buy a $5M Gold Card to get citizenship?  Oh yeah, Russian oligarchs.

No birthright citizenship.  You buy your way into Trump clubs.





UPDATE 02/28/2025:
Trump told the media that the US could bring in $50 trillion dollars on his Trump Gold Cards if they can sign up 10 million people to put up the $5 million price for US citizenship.

  Meidas Touch
Well, he got the math right.

Saturday, December 14, 2024

The million dollar club



One million gets you six tickets to the inauguration and a dinner with Trump. Or something like that. Obviously, that's not what Altman is really buying.

Bezos and Zuckerberg have both also contributed $1 million to the inauguration fund.  

Watch for Google and other corporations to donate their million soon.

Thing is, the fund has to name its donors and the amounts they give, but it doesn't have to say how it spends the money.  An accounting for Trump's first inauguration leaves some question as to where the money went.  We know some of it was improperly spent, because Trump had to pay a settlement to the District of Columbia for funneling donations to the Trump Hotel.

Where do you think all the money is going?

But what will one BILLION get you?
President-elect Donald Trump vowed Tuesday that people or companies who invest at least $1 billion in the U.S. will get “fully expedited approvals and permits.”

Trump said in a post on Truth Social that environmental approvals are included as part of that investment incentive.

“Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals. GET READY TO ROCK!!!” Trump wrote.

  CNBC
Yes, America - indeed the earth's environment - is for sale.

...but hey, do what you want...you will anyway.

Tuesday, December 10, 2024

Friday, December 6, 2024

America for sale





Ask yourself why it's so important for them to have Hegseth at Defense.

...but hey, do what you want...you will anyway.

UPDATE 11:46 am: