We live in an era where the wealthiest are made by devaluing fiat and moving the purchase power from average citizens to the richest ones. Creating value, if people are still doing that, is mere a byproduct now.
(I was doing an experiment of putting 1k into a bunch of stocks each through Revolut instead of my usual bank funds and seeing how they do after a year)
Yet it recovered afterwards. I’m certain that some transfer of wealth took place there, with at least some people panic selling.
Noise. The drop was short lived, the news was used as an excuse to take some profits and realign portfolios, a lot of other announcements wrt tariffs looked a lot like market manipulation too.
Then the market figured that foreign competition is being stomped in the mud and the officially sanctioned inflation is the new and endless excuse for higher prices and profits without actually increasing production in a monopolized and cartelized economic environment.
that is the same person who ran a crypto pump-and-dump scheme in their first month back in office.
billionaires may have competing interests and also act irrationally.
Then he scammed people.
I'm not sure if you're joking, so if you are, this comment is not for you.
In the current monopolized and cartelized economic environment, the only effect of trade wars is the reduction of competition due to the suppression of foreign competition - billionaires just love that because it allows them to increase prices and profits without increasing production.
Immigration wasn't really restricted for billionaires, it was restricted only for the small fish who may not be able to afford the new and not-quite-high fees. The end result is again suppressed competition which benefits the cartels and monopolies controlled by billionaires. As I've already said, they love that.
Probably because it -IS- an oligarchy? Why would they chuck themselves out of windows?
https://en.wikipedia.org/wiki/Suspicious_Russia-related_deat...
Now this is rebranded into "oligarchs" not giving money to Putin and being thrown out of the windows of their apartments. None of the people on the list is a billionaire and if a manager of a company falling out of the window constitutes some kind of dictatorship then how about this:
https://www.nbcnews.com/news/us-news/bed-bath-cfo-falls-deat...
Probably did not give money to Biden?
This doesn't happen overnight. You need to thoroughly corrupt the judiciary (which has not yet been accomplished, even if SCOTUS and a number of lower court appointments and many of the federal prosecutors have been) first. [1]
Or, alternatively, just go full fucking might-makes-right police state, for which ICE's blatant disregard for the law and your rights is a trial run.
If the country is ever retaken from this, the guilty will have to be punished. Deprivation of rights under color of law is, incidentally, a capital crime.
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[1] The end-game for this sort of thing is 'Punch a nazi -> Go to a camp'. 'Nazi punches you -> Pardon and a pat on the back'. Rule of law is anathema to these people, which is why they put so much effort into corrupting it.