Subj : Re: Is AI ruining social
To   : ROB MCCART
From : Mike Powell
Date : Fri Apr 11 2025 09:51:00

> MP>Turns out the source does not exist.  Their name is an anagram of Peter's.

> MP>So the administration is using the expert opinions of a non-existent,
>   >made-up person because Trump's son-in-law found one of Navarro's books on
>   >Amazon and recommended it to his father-in-law.

> The blind leading the blind?

Exactly.

> A new story today said that Trump is telling people to buy or sell stocks
> just before he announces a tariff (or postpones one) so the rich can make
> money from the bouncing markets.. I'm surprised that by now people haven't
> just stopped paying attention to his planned financial attacks..

Off and on for several days now, an administration spokesperson or official
will announce one thing in the morning (before or when the markets open)
only to announce something contradictory late in the day but before the
markets close.

A couple of days ago, the morning news was that there would be no "hitting
pause" this time on tariffs and that they were here to stay.  The market
tumbled.  Trump took to social media to tell people it was a "GOOD TIME TO
BUY."

Later in the day, while an official was apparently speaking about the tariffs
staying in place, Trump interrupted and shocked the official by saying he
was going to pause them (except against China) after all.

The markets shot up.  The next day, Trump was bragging about how he'd made
a couple (m/b)illion dollars and how Charles Schwab, who was apparently
with him, had made over 2 billion on the stock market the day before.
Apparently, a few congresspersons also made a lot of dough buying stock that
day.

It is stock market manipulation, plain and simple, and also sounds a whole
lot like insider trading for anyone who was in-the-know about the flip-flop.

> But I think it's going to calm down or come to an end before too long.
> Too many rich, powerful people are losing money and Canada has already
> lost over 33,000 jobs just in the steel plants.

Sounds like those "in the know" are not losing money, but everyone else is.

> I couldn't quickly find current figures for the USA but in that search
> what came up was the estimate that, if the tarrifs currently on hold
> come through and stay, it will cost the USA over 2 million jobs.

They are already costing jobs.  One IT company has hit pause on a billion
dollar investment in jobs in Ohio (M$ or Apple, I think), and another has
hit pause on what is at least a multi-million dollar investment in a battery
plant in Kentucky.

I think the battery plant will eventually be finished, but I am not so sure
about the Ohio tech jobs.

> There's already been a car plant in Canada and one in Mexico and
> one in the USA that have shut down 'temporarily' while they try to
> sort out how to survive the automotive tariffs.

I think this is about lining their own pockets and to hell with everyone
else.


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