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Cake day: July 27th, 2023

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  • That’s a problem we have globally. Although it might seem like Trump style populism vs Canadian neo-liberalism(with all it’s pros and cons), we’re both purple. You guys just have a bit more right wing red in the dye mix. It’s plausible that Canada elects our own Trump then we can both be stupid.

    The only ideology that has a chance at stopping the populist wave is Sanders style social democracy because it addresses the same core issue of wealth disparity. But it doesn’t look like anyone is electing that anytime soon.




  • Dude that makes no sense at all. He wants to depreciate the dollar by putting on tariffs, an action you yourself admit depreciates all OTHER currencies, thereby increasing the value of the dollar?

    Then after that he’ll “negotiate” to have the other countries to appreciate their currencies? By buying US goods and companies?? Both of those things appreciate the US dollar. China has been selling their goods to the US (something which should appreciate their currency) without appreciating their currency by buying property and companies in the US so they never have to use the US dollar to buy their own currency. This increases the value of the dollar while decreasing demands for the Chinese currency. This has been widely seen as unfair currency manipulation by China.

    Things that increase demand for US dollars such as buying US goods and investing in the US APPRECIATE the value of of the US dollar. I haven’t read the article yet, but I hope your summary is incorrect, because Varoufakis is generally a very intelligent left wing thinker and I would be surprised to see this kind of gaffe in basic economics.

    Edit: here is a link to the article since the one above didn’t work for me.

    https://www.yanisvaroufakis.eu/2025/02/21/donald-trumps-economic-masterplan-unherd/

    While tariffs would work against Trump’s plan (by deppreciating foreign currencies) they give Trump revenue he can spend with congressional approval. Then for the countries that make a deal he’ll either force them to appreciate their currencies by swapping US dollars for their own currency (to depreciate the dollar), OR make them buy very long term US bonds (stabilizing the US debt markets) and buying US weapons (diluting the cost of US military R&D). Trump hopes this lets him depreciate the dollar while keeping it as a reserve currency (having his cake and eating it too).
















  • These programs exist but bureaucratic hurdles prevented people from actually having their loans forgiven.

    Biden bypassed all that and just forgave the loans. This is also what he did for the other 5 million loans. Sure you COULD argue he did nothing, but if you ask those 5 MILLION people who were paying loans that should have been forgiven but weren’t until Biden’s executive orders I think they’ll say something different.


  • Hacksaw@lemmy.catoMemes@lemmy.mlTrash
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    2 months ago

    What the fuck are you talking about? You ever had a cop find and arrest someone who violated your rights? Must be nice to be that well off! Around here cops just beat students during protests and protect scabs during strikes.