Yes crazy the chatter online. So I told everyone over a month ago this. And mentioned it last night, trying to answer the why. Crash the stock market, everyone sells. Stocks go down down down in price, then let the rich buy at dirt cheap, then he gives the "nod" and everyone buys, stock market now up. Boom. The rich got richer.

Market Manipulation with a dash of insider trading.

Then the second reason he did this, we got a pause. Now he can deal with the countries, and take some nice bribes to get them off, the tariffs, and put money in his pocket.

China refused to play along so he upped the ante on them.

I saw it coming.

Yes, this is what the Orange Menace wanted. World leaders "kissing" his "ass" and now he says he is going to tariff hard pharmaceuticals, which is going to cause people to most likely die, cause their medication will be unaffordable. In true antichrist fashion. The scoop:

https://www.theguardian.com/us-news/2025/apr/09/trump-address-republicans-china-tariffs

Trump brags world leaders are ‘kissing my ass’ as tariff chaos rocks markets
President boasts at National Republican Congressional Committee dinner: ‘I know what I’m doing’

US politics live – latest updates


Trump brags world leaders are ‘kissing my ass’ as tariff chaos rocks markets
President boasts at National Republican Congressional Committee dinner: ‘I know what I’m doing’

US politics live – latest updates
David Smith in Washington
Wed 9 Apr 2025 10.08 EDT
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Donald Trump has insisted “I know what the hell I’m doing” by imposing sweeping tariffs and bragged that world leaders are “kissing my ass” as they try to negotiate trade deals.

The US president was speaking to political donors at the National Republican Congressional Committee’s annual fundraising dinner in Washington on Tuesday night.

His rambling 90-minute address came just hours before his latest tariffs – including a 104% levy on China – went into effect. But he gave no hint of backing down from a policy that has sent markets into meltdown and triggered a global trade war.

Fact check: are US tariffs really bringing in $2bn a day as Trump claims?
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“I know what the hell I’m doing,” the president said. “I know what I’m doing. And you know what I’m doing too. That’s why you vote for me.”

The administration has given conflicting signals over whether the tariffs are open to negotiation. Trump claimed: “I’m telling you, these countries are calling us up, kissing my ass. They are. They are dying to make a deal.”

Mocking the pleas of foreign leaders, he parodied: “Please, please, sir, make a deal. I’ll do anything. I’ll do anything, sir!”

“We’re going to tariff our pharmaceuticals and once we do that they’re going to come rushing back into our country because we’re the big market… So, we’re going to be announcing very shortly a major tariff on pharmaceuticals.”

The tariffs, announced last week on what Trump billed as “liberation day”, have wiped trillions of dollars off the US stock market and raised fears of a global recession; on Wednesday China slapped 84% retaliatory tariffs on US goods. Larry Summers, a former treasury secretary, described it as “the biggest self-inflicted wound we’ve put on our economy in history”.

Even Republicans, unswervingly loyal on other issues, are increasingly uneasy. Several senators have signed on to a bipartisan bill that would require presidents to justify new tariffs to Congress. Don Bacon of Nebraska has said he will introduce a House version of the bill, saying that Congress needs to restore its powers over tariffs.

But Trump lashed out at the dissenters on Tuesday night. The author of The Art of the Deal said: “I see some rebel Republican, some guy who wants to grandstand, say, ‘I think that Congress should take over negotiations.’ Let me tell you, you don’t negotiate like I negotiate.

“I just saw it today, a couple of your congressmen, sir. ‘I think we should get involved in the negotiation of the tariffs.’ Oh that’s what I need, I need some guy telling me how to negotiate.”

Despite the turmoil, he claimed that he had the “most successful 100 days in the history of this country” and the stage was now “set for a monumental victory for the Republicans in the midterms” next year.

Turning to his signature issues, border security and immigration, the president revived a popular culture reference from his election campaign last year: Hannibal Lecter, the fictional serial killer from The Silence of the Lambs.

“They used to go crazy when I talked about … the late, great Hannibal Lecter. Right? ‘Why does he talk about that? He’s a fictional character.’ He’s not. We have many of them that came across the border. He’s actually not.

“But when the people went to the voting booth, then we understood why he talked about that because they voted for us. They say, ‘We don’t want Hannibal Lecter in our country.’”

The dinner was also notable for a slip of the tongue by Tom Emmer, a Republican congressman from Minnesota. He told the audience: “President cunt – Trump is counting on us!”, hastily correcting himself.

The error was caught with glee by social media users. The Lincoln Project, an anti-Trump group, tweeted: “Had it right the first time.”

Baby Eyeliner putting the proverbial foot in the mouth again and getting owned by the Chinese:

https://www.cnn.com/2025/04/08/china/china-slams-vance-peasants-remarks-intl-hnk/index.html

China lashes out at JD Vance for comments about ‘Chinese peasants’
Nectar Gan
By Nectar Gan, CNN
 2 minute read
Updated 11:44 AM EDT, Tue April 8, 2025

China on Tuesday slammed US Vice President JD Vance for his comments about “Chinese peasants” in an interview that has drawn widespread ire and ridicule on China’s internet – and comparisons with Vance’s own self-proclaimed “hillbilly” background.

Speaking to Fox News last Thursday, Vance defended President Donald Trump’s market-hammering tariffs and railed against the “globalist economy.”

“What has the globalist economy gotten the United States of America? And the answer is, fundamentally, it’s based on two principles – incurring a huge amount of debt to buy things that other countries make for us,” Vance told news show “Fox & Friends.”

“To make it a little more crystal clear, we borrow money from Chinese peasants to buy the things those Chinese peasants manufacture.”

Asked about Vance’s comments at a regular news briefing Tuesday, Chinese Foreign Ministry spokesperson Lin Jian said: “It’s both astonishing and lamentable to hear this vice president make such ignorant and disrespectful remarks.”

CNN has reached out to Vance’s office for comment.

Clips of Vance’s interview made their way to the Chinese internet this week, drawing an intense backlash in a country where factory floors are lined with industrial robots, cities are embracing homegrown electric vehicles and remote counties are connected by a nationwide web of high-speed railways.

“This true ‘peasant’ who came out of rural America seems to have a lack of perspective,” said Hu Xijin, the influential former editor-in-chief of state-run tabloid Global Times, in a post on microblogging site Weibo. “Many people are urging him to come and see China for himself.”

A hashtag on Vance’s remarks became the top trending topic on Weibo on Monday night. By Tuesday afternoon, it had racked up 140 million views.

“Look, this is their true face — arrogant and rude as always,” said a comment with 2,900 likes.

“We may be peasants, but we have the world’s best high-speed rail system, the most powerful logistics capabilities, and leading AI, autonomous driving, and drone technologies. Aren’t such peasants quite impressive?” another said.

Others noted the irony of Vance’s comments given his own working-class upbringing as depicted in his 2016 memoir “Hillbilly Elegy.”

In the book, Vance chronicles a childhood plagued by poverty, abuse and his mother’s drug addiction and spent partly in Appalachia, a corner of the United States he felt had been forgotten by wealthy elites. The book by Vance – a venture capitalist before his foray into politics – caused a sensation after Trump’s first election win and was widely seen as an explanation for the billionaire’s rise among the White working class.

Hey Tom Petty! So the Orange Nostradumbass, who predicts we will be sooooo much richer and better off per his strategies, knocked a cool 10 trillion off the stock market. Trying to see the big payoff here folks. Of course, he is doing this on purpose. Several reasons. One, he wants the world to come begging on his doorstep. Two, this will be a good way for the middle and lower class to lose any wealth they had, and the oligarchs can buy for dirt cheap and assume more power. And he just imposed an additional 104% tariff on China.

https://english.elpais.com/economy-and-business/2025-04-08/the-tariff-bomb-wipes-out-10-trillion-in-stock-market-value-half-of-the-eus-entire-gdp.html

The tariff bomb wipes out $10 trillion in stock market value, half of the EU’s entire GDP
Big tech companies lead the losses, with €1.5 trillion cumulatively shed since Thursday from the Magnificent Seven’s market capitalization

Madrid - APR 08, 2025 - 04:21 EDT


The destruction of value caused by Donald Trump’s tariffs is historic in the equity markets. The loss of market capitalization worldwide has reached $10 trillion (€9.2 trillion), according to Bloomberg. That is a figure equivalent to just over half of the GDP of the European Union. For part of Monday’s session, the S&P 500 index, the benchmark for the U.S. stock market, accumulated three consecutive drops of 4% for the first time since the Great Depression. The session-by-session collapse was also the largest since the Black Monday crisis of 1987, surpassing the losses recorded during the outbreak of the Covid pandemic (13% in three sessions), the bankruptcy of Lehman Brothers (13.9%), or the losses of 1998 (11.7%). In 1987, the U.S. stock market plummeted 26% over the course of three days.

While stocks have felt the impact globally, value destruction operates on a different scale in the United States. The so-called Magnificent Seven (Apple, Google, Nvidia, Meta, Amazon, Microsoft and Tesla) are the global companies that have lost the most stock market value, totaling €1.5 trillion since Thursday. The leaders of five of these businesses attended Trump’s inauguration: the top executives of Amazon (Jeff Bezos), Google (Sundar Pichai), Meta (Mark Zuckerberg), Apple (Tim Cook), and, of course, Tesla (Elon Musk). These five companies have incurred losses of €1.26 trillion in three days due to Trump’s tariff policy.

Apple leads the list, with losses of more than half a trillion dollars. Nvidia comes next with $385 billion, followed by Amazon, with $262 billion, ahead of the rest of the Magnificent Seven. Tesla has lost the least value, but that is because it is the least valuable of the group. Apple’s value drop has been very large in percentage terms (16.8%) and in absolute value, as it is directly impacted by the tariffs; analysts expect sharp price increases for its devices, which are manufactured entirely in Asia. In contrast, Meta and Google, which are both software-focused companies, have lost less than half that amount in relative terms. “This sudden volatility comes after a long period of calm in the stock market,” according to the wealth management group Mirabaud, “which makes the recent sell-off even more striking.” According to this asset manager, private investors have abandoned technology, and hedge funds have followed suit.

Coming behind the Magnificent Seven in terms of stock market losses is the leading non-U.S. stock, the Saudi state oil company Aramco, which lost €126 billion, albeit only 8% in value. Then come the giants of the traditional U.S. economy: JP Morgan, Eli Lilly, Berkshire Hathaway, Visa, Exxon Mobil, Walmart, Bank of America... Icons of the great America championed by Trump, who have nevertheless suffered firsthand from the president’s attempts to reverse globalization and have hemorrhaged more than €50 billion in three days. UBS analysts have remarked that the spike in volatility is fundamental and could be long-lasting: “This won’t suddenly fade away unless we start to see signs that the U.S. might not enter a recession or tariffs begin to ease.”

European companies are typically smaller than American ones, which is why their market capitalization losses have also been more modest. So far, the European stocks that have lost the most market capitalization are British companies: HSBC and Shell, followed by Siemens (Germany), LVMH (France), Total (France), and SAP (Germany). Companies from Denmark (Novo Nordisk), Ireland (Accenture), and the Netherlands (ASML) are also on the list of the biggest losers. Other companies include some from China (Alibaba), Japan (Toyota and Mitsubishi), Taiwan (TSMC), which lost €78 billion in value in just one session (last week was partly a holiday in the country), and Samsung, with €35 billion in three days.

Without trade negotiations or concessions on the horizon, the market seems headed for more jitters and instability, a scenario with an end-of-an-era feel that is being echoed in investment banking reports. “Investors must now confront the possibility that Pax Americana (American peace, in Latin), an era of relative stability and global order under the influence of the United States after World War II, is coming to an end,” reported Muzinich & Co., an investment firm whose CEO was Undersecretary of the Treasury in Trump’s first term.

Yes, I am concerned, and thinking of warning my organisation that we may need to suspend some programs.

The problem is not so much the tariffs. The global share market collapsed for one reason - global recession probability. But that's not just due to tariffs. The primary cause is chaos. Global investment has pulled out due to unpredictability, and any reversal of tariffs won't change that. The world has realised that the US, which has been the political and financial pillar of security since WWII, has stepped away from that role. This creates a power vacuum, and history has always known what happens with a vacuum. Also, the US is significantly weakened - all its institutions, especially security institutions, are fractured, and the levels of anger within US population are at an all-time high, so it's society is also fractured: national will is broken. This is good news to US power rivals, and their time has come.

The rest for the world is having to rethink all international alignments, and that will take time. So again, a geo-political vacuum. Then we have to factor in Climate Change - witness the waves of excessive storms sweeping the US in the past months. We are now over 1.5 degrees rise in global temperatures.

Yeah I saw he put a 10% tariff on Aussie, and they had NONE on the US.

He thinks by bringing the world to its knees he can negotiate and they will bribe him. However, what is happening is all the allies and others are forming new alliances without us. Yes, integrity matters. Word must be bond. And his turning on even Zelensky, and pandering to Russia not only makes us look weak, it makes folks not trust us like before. Getting this relationship back, when he is gone, is gonna be hella hard, maybe even impossible.

He is used to beating down his opponents to get his way. He was successful with the GOP, but only because he had a strong base of supporters. He doesn't have a strong base of supporters outside this country. EVERYONE hates him, except maybe some folks in Israel. He has flowered this up royal. The only hope for America is a resistance, which is forming. But then per the protestors, I think he is on the verge of declaring Martial Law to deal with that one.