The Asian markets were in turmoil last night, and the US stock futures plunged overnight. Last week, $5.4 trillion was wiped out in the market. Japan’s Nikkei fell 8% when it opened, and as I write this, economists know that today will be Black Monday when the American markets opens. All because of Donald Trump’s unconscionable “tariffs.” He’s purposefully driving the American and global economy into another Depression… for absolutely no reason. And no one is stopping him, although there were massive protests and demonstrations around the US on Saturday. So what does the orange dumbf–k say about all of the financial meltdowns after his three-day golf weekend?
Donald Trump said Sunday he is not deliberately tanking the stock market, following his extreme tariff announcement last week, though the president indicated it’s OK if Americans suffer as a result of his economic policies.
Speaking with reporters on Air Force One, Trump was asked if there was a level of pain in the markets he wasn’t willing to tolerate. He called this question “so stupid,” before saying: “I don’t want anything to go down, but sometimes you have to take medicine to fix something.”
He added, perhaps more optimistically, that “eventually it’s going to straighten out, and our country will be solid and strong again.” The message was a departure from Trump sharing, and later re-sharing, a link on Truth Social to a video claiming that he was “Purposely CRASHING The Market.”
On Wednesday afternoon, Trump announced sweeping tariffs that sent the markets tumbling Thursday and Friday. U.S. stock futures plunged again on Sunday evening, as observers warned of a looming “Black Monday.”
I don’t know if Trump is “purposely crashing the market” or if he’s crashing it because he’s a demented lunatic who literally campaigned on doing exactly this and now feels like he has to keep his “campaign promises.” Every single person who voted for him should have expected this and I have zero tolerance for “we didn’t know” or “we didn’t think he would do what he said.”
Photos courtesy of Cover Images.
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- United States President Donald Trump waves while crossing the South Lawn after exiting Marine One at White House Featuring: President Donald Trump Where: Washington, District of Columbia, United States When: 06 Apr 2025 Credit: Bonnie Cash/POOL via CNP/INSTARimages.com
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- United States President Donald Trump crosses the South Lawn after exiting Marine One at White House Featuring: President Donald Trump Where: Washington, District of Columbia, United States When: 06 Apr 2025 Credit: Bonnie Cash/POOL via CNP/INSTARimages.com
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- United States President Donald Trump crosses the South Portico after exiting Marine One at White House Featuring: President Donald Trump Where: Washington, District of Columbia, United States When: 06 Apr 2025 Credit: Bonnie Cash/POOL via CNP/INSTARimages.com
He is doing it on purpose. Mister make America great seems to hate America and is doing his level best to make America a third world country that he accused Biden of doing. Here’s the thing we must all not let fear get the better of us because that is exactly what he wants ! Fearful people who he can then control. I know that it sounds hard to do at this time but we as a country must continue to resist!
My paranoia may have gotten the best of me but I honestly think Trump is trying to kill off who he thinks is undesirable in the US.
Got diabetes and an oxygen tank and need assisted living and transportation, you are expensive and probably more valuable to the US dead. Elderly and needing meals on wheels and not producing income? If dead, you don’t collect social security. You are poor and on welfare and Medicaid? You are expendable by this government bc these are the largest consumers of our national budget, so what happens if you start cutting? People start dying. Just like COVID, and he didn’t care who died then . We are in dark days. The darkest.
💯💯💯, @upintoronto
I read somewhere that the Curtis Yarvins of America want to reduce the US population by something insane like 250 million people. As in they want to kill 250 million people, leaving the population below 100 million.
@Up in Toronto: you’re not wrong. Trump believes in eugenics. He just doesn’t believe it applies to him, a grossly obese, mentally deranged dummy. If he were in the same boat as the rest of us, he would be on his own “kill” list.
You are not paranoid. One of trumps family, nephew?, had a child with health challenges and trump told him sometimes you have to let them go. I’m still horrified.
They are absolutely trying to kill us. Let’s not forget that Jared Kushner is on the record for downplaying Covid because he thought it would hit Blue Cities hardest. Then, in March and April of 2020, Jared Kushner intentionally repatriated the passengers infected with Covid from cruise ships directly to Nancy Pelosi’s district. Then He just unloaded one ship full of sick and infected passengers directly onto a public dock in San Francisco.
And yet there is talk of doing away with Social Security so that Wall Street investors can get in on that action. The stock market volatility just proves we must keep Social Security so that at least some of our retirement is secure.
He’s doing it because once the market tanks, he and all of the mega-rich — still very wealthy — will be able to buy up stocks for next to nothing. This will cause the market to rise again, with all of the mega-rich poised to make a killing. They’re doing it to get richer at the expense of everyone else.
And make money by shorting the market on the way down. As far as I know Trump did not put his assets in a blind trust like other presidents did. So he could have made moves to benefit himself before he announced policy that he knew would impact the market.
@Stacy THIS 🎯
This is a heist. That’s why the Republicans refuse to stop it. They are getting FILTHY STINKING RICH off of this.
The bonus is the rest of us get poorer which means we are more easily controlled by corporations.
It’s a win-win for these assholes.
Everytime the stock market or any commodity (such as housing) crashes, the wealthiest among us enriches themselves further. This is what is happening.
Yes! They all are selling short in the markets and will have massive profits!
Somebody ct me if I’m wrong, but I think the rich can count these losses against capital gains tax to decrease any taxes they may actually have to pay
pottymouth pup:
I think what you’re referring to is tax-loss harvesting.
100% spot on with this take. Like Mr. Pottery in Its A Wonderful Life, Trump and his rich friends aren’t selling, they’re buying.
Yup. They’re feasting like vampires at a blood bank.
In one week, the price of coffee (in my area) went up $4.00 per unit. (Maxwell House Breakfast Blend)
Yes, and then they can all buy more stocks at bargain-basement prices.
Not to mention that they need to seriously investigate all of his boot-lickers in congress who adjusted their asset allocation away from stocks right before his big announcement. But, oops, there is no one left to investigate the absolutely unethical and illegal behavior of that bunch because elon fired them all. shocking.
This is why I say I don’t want only Trump to take the blame for this, I want the whole Republican Party to take the blame for what they’ve done. Without their craven spinelessness, Trump couldn’t do any of this.
Yeah, this is what I think as well. People getting nervous and trying to sell as soon as possible open up an oppurtunity for people who have cash and time. When his friends bought whatever they can get their hands on DT will start renegotiating individual tariffs with every country, the stockmarket will slowly come back and his family and friends will hold a lot of cheaply bought shares. Marketmanipulation at its best/worst!
Yes, it’s disaster capitalism like the great Naomi Klein has written about.
Yeah, my parent’s retirement funds (in Australia) are being decimated so thanks Trump for stressing out my sweetheart 75 year old mum and young-at-heart 80 year old dad for nothing but the joy of lying to people. Fucking megalomaniacal monster.
I’m facing the same thing. I WAS planning to retire this year, but I’m going to have to wait now for the market to go back up…whenever THAT is. I have a good amount of funds in “stable value” but even those are down. 🤬
Same! I am SICK over it. And yes, I also have money in “safe” funds, but this is a BIG hit. I will be working forever. I am 66 and continue to work because I enjoy it, but now it will be longer b/c it is going to become necessary. And no, I am not one of the boomers who has a pension.
Same. I was in shape to retire next year. Now my 401K is decimated and I just found out my job is ending in 90 days. Who knows if the Social Security I’ve contributed to for 40+ years will be there. I’m devastated.
Omg
Im so sad to read this!!! 😭
Hang in there
🇦🇺 🇨🇦
I’ll take medicines prescribed by my licensed medical professionals for my specific ailments. My savings weren’t sick and were showing stable recovery from the damage he did in his first term. They’re on life support now.
Felon47’s crashing the markets, so that his billionaire friends can gobble up more shares, stocks, bonds while everything is down.
Too bad quite a lot of their wealth was wiped out too, even if they’ll eventually recover from the crash much better than everyone who’s not rich, who doesn’t depend on a functioning society with things like Medicare or social benefits.
Or countries in the Global South that no longer get help via USAID. E.g. Lesotho being hit with 50% (?) tariffs on their garment production just because they also export diamonds.
I hope the EU stays strong and doesn’t let themselves be coerced into paying the US to access markets that we already have access to because of treaties that were signed, some even with Felon47’s prior administration.
And I hope it doesn’t got worse — they way the maladministration is planning to do away with environmental standards, or do away with laws protecting workers.
Four years of this, and it will take decades to heal.
There are no wordes for this man, Everyone knew countries were holding the line, and things were on a tenous hold, 2008 was so huge that in 2010 when i was getting back into work my expectation for salary has rolled back to when i was starting out as an architect, things were just getting on an even keel and here this dude comes to set us back again.
Forgive my ignorance, but how is it possible that the only way you have to get rid of this lunatic is through impeachment? How is it possible that he can do whatever the voice in his fake tan tells him to do no one can stop him?
Republicans in Congress can get rid of him or just refuse to go along with his lunacy. It’s called checks and balances. It’s a constitutional remedy, along with impeachment. But they just comply with everything which shows how flawed that plan has been. It’s also why yelling at Democrats who control nothing is a waste of time and energy. The Democratic candidate for president made clear that this was the road to ruin, and while she doesn’t want to say, “I told you so”, she did.
The Republicans are so scared of him. Ohhhh no, he might give them one of his bullying nicknames! They would rather watch him send us into a depression than risk his making fun of them. Cowardly bastards all!
They’re also physically afraid that the violent cultists will come for them and their families. Not an excuse, of course. Just a fact. They did stage an insurrection after all.
As others have said, Congress and the Supreme Court are the Constitutional checks on the President’s power. Unfortunately, Republicans hold the majority in all of those branches and are allowing this to happen!! We have to hold on until the midterm Congressional elections in 2026 (god willing that they happen and that voter restrictions aren’t passed in the meantime—everyone call your Congress person and tell them to vote against the SAVE act and follow the League of Women Voters to find out more). In any case, if the Dems can take back at least the House, they can do something (though we will have to keep the pressure on them, too). It is infuriating to have to watch Congress hand over its power to him!!!!
They are afraid. They can’t stand on their own two feet and say ‘this is wrong’ because the orange menace will release his hordes.
Never mind that that’s wrong. Never mind that we elected them to represent us, not kowtow to a deranged lunatic. They’d rather cower under their beds than stand for principles.
That is all Congress has to do is re-take their CONSTITUTIONAL right to set taxes, including tariffs. But they won’t because republicants are not actually representatives of the people anymore. They can’t make their own decisions and can’t do what is right for their own constituents. They are cowards and every day they ignore their oathes of the office.
So if this lunatic tonight decides that he wants to use the atomic bomb just to see if it works no one will be stopping him?
Eleonor, no one would probably be surprised if that happened.
Eleonor, there are a few safeguards to prevent that, so we have to hope that they hold, and that military officers who swore their oaths to the Constitution of the United States — NOT to the President— have the courage and the knowledge to take those oaths seriously. Unfortunately, Trump has made changes throughout the military chain of command too, so this may be one more instance where the checks and balances are fraying.
The Roberts Court has a lot to answer for — strengthening the direct influence of money in politics and stripping away the potential consequences for the President’s criminal behavior.
Still, small numbers of Republican Senators and Representatives who care enough to put Country over Party could impact things quickly.
Weirdly enough, Trump is a man known for constantly lying. Here however, as with soooo many of the policies he’s been pushing through, he told the absolute truth; he said he was going to implement these tariffs snd consequences be da^*ed, he did exactly that. I don’t believe anyone when they tell me they never expected this, because this is exactly what he ran on. And now here we are. Bad medicine is another name for illegal drugs, and he’s making America sick.
It’s not just people who voted for the Mad King who bear responsibility for these rolling disasters. Any eligible voter who didn’t vote for Kamala Harris is just as responsible as his cult. The handwriting has been on the wall from the moment he came down that escalator in 2015. We survived the first horrible term only because there were a few people around him who could stop the worst damage. This time he is surrounded by the worst people in the world willing to do anything and given a green light by SCOTUS to break any laws without consequences. And a Republican Congress which is more terrified of him and his thugs than the voters. To think that we had to get rid of Joe Biden because he isn’t as sharp as he used to be only to replace him with someone who really is certifiably insane.
I want to have a bumper sticker and to wear t-shirts screaming I Didn’t Vote for the Orange Fucker!
Agreed the non-voters are just as bad.
Problem is, they and even some Trump voters will be needed to vote Democrat (or at least not vote in case of Trump voters) to have a better result next time. This goes for small elections as well.
It might not be fun or “woke” to acknowledge it, but it’s reality and as much as possible needs to be done to accomplish this. This is not aimed at someone specifically, but in general.
I think the protests are excellent as it makes clear how many people are on the same side and it break the myth that it’s “only just a few weirdos”.
Love to see what Americans did in the USA on Saturday. Keep it up and bring a friend.
there were some stories a few months ago that a lot of the billionaire bros cashed out the bulk of their stock. if they’re true – this makes sense. He crashes the market, they buy out cheap, he reneges on tariffs, things bounce back, they own way more for the same value, meaning more money in the long run….
This and companies/countries coming to him on bended knee promising things that will enrich him are why he’s doing this. He and his cronies all gain.
Pressure will also be put on countries in terms of issues like abortion and diversity. Fall into line with Republican ideas and tariffs will be reduced. That’s already happened in France, with demands to ‘de-woke’. France responded quite assertively. I’m concerned others won’t.
Yes, Warren Buffet sold all of his Apple stock and is sitting on a pile of money. I don’t know if he buys gold, but the price of gold is skyrocketing.
He’s crashing the economy for the same reason he bankrupts himself repeatedly: he’s pathologically stupid. There’s no deeper meaning here. He dumb.
I hate Republican voters with every fiber of my being. I do. I’m not wiling to pretend anymore that they’re “good people” with a “difference of opinion.” They are either morons who can’t think properly or evil people who enjoy causing pain and suffering, and I no longer want to tart it up.
Every single elected Republican is okay with this. They love this. They don’t care who gets hurt, who has miserable Christmases, the wastes of millions of brains that will get atrophied and uneducated, the wasted lives of people who have to forego medical care… They like this. They want this. The modern GOP stands for the decimation of all that is good and pure and the elevation of treason and the wanton destruction of people’s lives.
Yeah, Trump is the one doing it, but he’s a moron and a figurehead. This is a whole party problem. He’s the weird zit that signifies sepsis, his whole party is the rot on the body politic.
I agree @Betsy. This goes way beyond a difference in political ideology. Trump is a malignant narcissist, a sociopath, a racist and misogynist, an incredibly stupid man who is suffering from cognitive decline, who had bankrupted his other businesses into oblivion six times before!! The writing was on the wall, and people just wanted to put their heads in the sand “to own the libs.” I resent anyone who voted for this POS again in 2024 when we all knew his Project 2025 agenda. The only people regretting their vote now are those who have been personally affected by his grotesque policies, such as losing their jobs. Otherwise, they wouldn’t care.
And for the spineless Republicans who are willingly standing by, allowing him to ruin our country in real time and making us an enemy of all our previous allies –
“I say this to my Republican colleagues who are defending the indefensible: There will come a day when Donald Trump is gone, but your dishonor will remain.” – Liz Cheney, June 2022.
I’m really scared and so deeply angry. That’s all I’ve got right now.
Tanking the US economy is what Putin wants.
The tariffs are probably on Putin’s orders, literally.
I still remember that a group of Republican senators and representatives flew to Moscow one July 4th to have talks with Russian government officials. They gave conflicting reports since of what their agenda was, what was discussed.
For perspective on where his voters are at intellectually: I was out to lunch with my daughter yesterday. 3 bozos sitting at the table next to us were going on about Obama and Soros and blasting some video by a MAGA influencer. And they were still bigly mad at a friend who had voted for Harris. Are they dissociating? Is this really what they’re still being fed while their dear leader destroys everything right in front of them?
My 3 year old said, “Those people are TALKING.” And I said loud enough for them to hear, “They sure are.”
When has Cheeto Mussolini ever ‘took his medicine’? I hope it’s soon.
Trump is living proof that some gene pools need a lifeguard.
MAGA, man. Trump will shit int their mouths and they’ll call it a sundae.
From the orange blob’s Truth Social:
“The United States has a chance to do something that should have been done DECADES AGO. Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!” Trump said on Truth Social.
Yep, a cult leader!
Call it what it is: Orange Monday.
He told everyone what he would do. They even put together a manual. So now we all suffer. I can’t even think about my 401k right now. The one that I busted my ass to save for because as GenX, I have no expectation of Social Security.
Personal request- can we please never see this bloated f*cker’s face again? Replace his pic with a beautiful woman he hates, or some lovely unicorn of a man? Kittens? Anything but him. I’m afraid I’m going to rage stroke one day and I’m really hoping to wake up to his obituary soon.
I don’t want to sadden you any further, but the world has been waiting for many years for a certain guy from Russia and a certain Korean dude to pass away. We are waiting, and waiting…
One Korean dude did pass, but he had heirs.
Miasys, I’m good with that. Or Maga Monday.
@miasys: I’m with you…I’d rather never see his face again. Maybe Celebitchy can start using orange items or clowns as the images that go with these stories. Be well!
Lying sack of sh-t says what? This is just like “covid will just disappear in April”
Or…just swallow some bleach and it will disappear. Which was somewhat true…swallow bleach and you will die, so no more Covid!
When you elect an insane animal then be ready for insane actions
I don’t think it’s all that smart.
He doesn’t really understand the economy and thinks he’s super smart. And his followers believe his word is gospel.
This is called, the consequences for his followers’ votes. Sucks for everyone like us that did not vote for him, but at least the Magats will burn first. I’m not talking about the rich tech bros, just the seniors that voted to decimate their social security, the single issue voters, etc.
I’ve been up since 4 AM thinking WTF to do about my savings and portfolio.
Thanks, I guess.
Maybe he thinks he can do as he’s doing with tiktok by trying to portray himself as the “savior” to the global economy but he’s just the stupidest man on the planet surrounded by the dumbest people so it’s spiraling out of control.
These people are working to destroy the global economy and then rebuild it with their own deviant laws. These people see it like a warlike video game. Brutal, bloody, destructive and scorched earth. You just have to listen …. but there are many people who are standing up. These people will not win.
Trump’s a monster.
Sane, insane, does it matter when he’s literally monstrous with his Pol Pot, Hitlerian stylings and deeds?
But economically for the world, it’s a classic hedge fund slim down of sold off assets, laid off employees and absorption of pension funds not protected by Federal Law.
Watch the fireworks fly if it’s discovered Trump went short on the US prior to his idiotic pain statements last week and Monday morning.
The people that support him with the most venom are going to be hurt the worst, which is so ironic it is hard not to gloat if I wasn’t being fucked right along ⁰with them. It is fascinating living in a state dependent on federal funds and realizing how ungrateful the citizens are for blue states paying the income tax that funds their services. The greatest trick this devil ever played was somehow convincing poor people that income tax on the wealthy magats was infair and everyone, regardless of income, should pay the identical amount in taxes which is how yhe Evangelicals view tariffs. I had an Evangelical magat tell me with her full chest that the only fair tax was the same tax for all and a single mother should pay the same tax as a billionaire. I am just so sick of the stupidity and destruction. The Democrats have not understood that the New Deal has been under attack by the same people benefiting from the social programs it created. Who would have thought the magats are so stupid that they would cooperate with what is basically a 25%+ sales tax, especially in ststes like TN that already has a 10% sales tax?
His maneuvers make sense when you consider honestly and sensibly who benefits from Western markets crashing and China’s economy taking another blow as it teeters on demographic collapse. The person pulling the strings beind the scenes is far smarter than anybody wants to credit, which is unfortunate for all of our sakes.