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America vs the World VI: Pope Idol
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Originally posted by Neon Ignition View Post
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US president, when asked about considering a pause in global tariffs, says ‘We’re not looking at that’
US president, when asked about considering a pause in global tariffs, says ‘We’re not looking at that’
London Stock Exchange is in hard descent
US president, when asked about considering a pause in global tariffs, says ‘We’re not looking at that’
Today is on course to be the FTSE 100's worst day since the day the Pandemic began in 2000
Bearing in mind - It's Monday and the second wave of tariff's hit on Wednesday... followed by the international responses.
https://www.msn.com/en-gb/crime/general/jean-claude-van-damme-accused-of-knowingly-having-sexual-relations-with-5-trafficked-romanian-women/ar-AA1Cfc31?ocid=BingNewsVerp
https://www.bbc.co.uk/news/live/ce3qnyr7y94t
Trump calls the effects of the crash 'medicine'
Last edited by Neon Ignition; 07-04-2025, 09:34.
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Originally posted by wakka View PostYeah, vaccines have been so effective that people actually now feel that we don't need them, because they've never experienced life without them and just think people not dying of smallpox and losing limbs to polio is the norm.
One of the things they discovered is that when people experienced the condition the vaccine prevented, they were grateful for it. But once it retreated into historical memory, they began to resent the thing which saved them.
Someone else posted on BlueSky:
Hank Green @hankgreen.bsky.social
"A tricky thing about modern society is that no one has any idea when they don’t die.
Like, the number of lives saved by controlling air pollution in America is probably over 200,000 per year, but the number of people who think their life was saved by controlling air pollution is zero."
Spotify - https://open.spotify.com/episode/0VW6g6PNpziFFMgJ7EVXk7
Amazon - https://music.amazon.co.uk/podcasts/...-herd-impunity
Apple - https://podcasts.apple.com/gb/podcas...=1000659398279
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America has now lost a total of $9.5tn
Traders are scrambling to figure out if the sudden bitcoin price correction could escalate into a full-blown market crash...
And now crypto-currencies are becoming the next to be hit with 10% wiped off the value of Bitcoin and $1.3tn off the markets January value
Welcome to Orange Monday
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It's genuinely a fascinating moment in time.
Rather than a shift to everyone giving America more money (Trump even claimed the EU should back-pay reparations!), it's leading to countries wondering how they can cope without America.
The Ukraine thing seems like a while ago now as things move pretty fast under Trump, but already we were wondering how NATO without the US would look like. Now we're wondering what world trade would look like without them.
I wonder if the number of people learning English will decline in the next 5 years?
Every single company listed in the FTSE-100 lost value today.
No idea how true this is, (take it with a pinch of American-produced salt to avoid taxes) but there are claims that on the campaign trail, Trump had no real trade policy.
He asked his son-in-law to come up with something.
He popped on Amazon for some book titles.
He based his policy on one of them by Peter Navarro.
Navarro backed up his claims by quoting Ron Varro.
Turns out Ron Varro is made up and is just an anagram of his name...
John Oliver was all over this 6 years ago...
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The dollar has normally been a pretty safe currency to invest in, making it the world's reserve currency, but the recent tariff announcement has made that look less certain:
"In times of market panic investors tend to rush to the safety of the dollar, but when stocks swooned in response to U.S. tariffs this week, they ran away from it. Investors say it's a sign that the greenback’s global standing may be eroding.
The dollar, for decades a safe haven, on Thursday fell about 1.7% in its biggest daily drop since November 2022 (.DXY), after President Donald Trump imposed tariffs on imports at levels not seen since the early 1900s. Stock markets also tanked, as tariffs ignited recession worries.
In interviews and published markets commentaries, many investors and analysts pointed to the Trump administration for the anomaly. Its protectionist policies, upending of the global economic order in place since World War II, and a growing U.S. debt pile have been chipping away at the dollar's appeal, they say.
Left unchecked, a crisis of confidence in the dollar could also undermine its position as the world's reserve currency, they added.
"What we're seeing today is a further indication that the structure and nature of the U.S. dollar’s relationship to global markets has changed," said Thierry Wizman, global foreign exchange and rates strategist at Macquarie in New York.
"There's an underlying basis for this, which is the changing role of the U.S. in the world."
Any erosion of the dollar's standing as a safe-haven is bad news for investors and policymakers - at least in the near term.
For investors, who have piled trillions of dollars into buoyant U.S. markets in recent decades, a sharp dollar fall could result in higher interest rates for longer. That's because price pressures at home could make it harder for the Federal Reserve to cut rates.
At the same time, a rapid strengthening of currencies against the dollar is a headache for other central banks navigating a weaker economic outlook, as it makes their exports more expensive and potentially harder for them to revive growth. The euro, for example, just had its best day against the greenback in more than two years."
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The market bounced back by 1000 points in mere minutes as apparently a rumour of a 90 day tariff delay did the rounds, it was false though and they immediatelly collapsed again so market manipulation is now also factoring into the madness.
The big red flag for Musk is that as the entire market briefly pulled itself up, Tesla continued to collapse
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Originally posted by briareos_kerensky View PostYou have an US secretary of health who is anti-vaccination, expect this to become a common occurrence.
Luckily there were no deaths, but the kindergarten where my parents live in Italy had a measles outbreak a couple of years ago due to antivax parents.
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