this post was submitted on 18 Feb 2025
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IT'S OFFICIAL, FOLKS! Trump thinks he can just slap tariffs on our friends abroad and watch us 'compete' again? Newsflash: this only hurts the little guy (and the planet). Just got word from Acer CEO that those tariffs have already led to a 10% price hike for laptops in the US. That's right, we're paying more for the very devices that are supposed to help us succeed in an era of 'American greatness'. Meanwhile, Trump is too busy coddling his corporate pals to care about the real American people. Wake up, sheeple! It's time to stop voting for politicians who only look out for their buddies on Wall Street.

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[–] shortwavesurfer@lemmy.zip -5 points 3 days ago (2 children)

That 10-year time horizon is a very good point. And it's not likely that the tariff would stick around that long since every four years has a changing administration who can do whatever they please in those regards.

Personally, for me anyway, I am a Monero holder and am seeing prices fall fairly rapidly. For example, a thing of beard oil in October of 2024 was 72.9mXMR and is now 61.11mXMR (-16.2%).

[–] thanksforallthefish@literature.cafe 7 points 3 days ago (1 children)

That 10-year time horizon is a very good point. And it's not likely that the tariff would stick around that long since every four years has a changing administration who can do whatever they please in those regards.

Lol, you guys are hilarious. I keep seeing these comments.

Fascists don't allow fair elections.

The only way the magats are leaving office is mass insurrection / mass protests & strikes or revolution.

It most certainly won't happen at the ballot box

[–] yarr@feddit.nl 1 points 2 days ago (1 children)

I hope there is a prediction market on this at some point because I do not think it's likely that they will be able to block elections. I'd love to put my money where my mouth is.

[–] thanksforallthefish@literature.cafe 1 points 2 days ago (1 children)

Oh they won't stop / block the elections initially they'll hold that first one & just conveniently get 75+% of the vote like every dictator before him.

I'm happy to put money on it if you can find a market. I've been unfortunately right too much, not because I'm smart but because you can literally pull out a history of Nazi rise and map it onto MAGA and the last 10 years. The only hard bit is guessing the timings, not what, just when.

I'd really like you guys to break out of this and prove me wrong

[–] yarr@feddit.nl 1 points 2 days ago (2 children)

Here you go friend: this is a prediction market on whether the Republicans or Democrats will win the house next year: https://kalshi.com/markets/controlh/house-winner

If your prediction is right and there are no more elections this will be easy money for you.

[–] thanksforallthefish@literature.cafe 1 points 1 day ago* (last edited 1 day ago) (1 children)

Ok, but this isn't a betting site, this is an options contract, which given the current price split of 73c:28c is not a good buy (winning isn't profitable and you're tying your money up for 2years).

The price however is inline with my statement - that market considers a GOP win a near certainty.

I've checked the mainstream betting sites and GOP are solidly odds on (4/6 on through 8/13on) which isnt hugely profitable but I guess it'll shorten even further

Edit to add odds screencap

[–] yarr@feddit.nl 1 points 1 day ago (1 children)

The price however is inline with my statement - that market considers a GOP win a near certainty.

You are reading the results backwards - Kalshi predicts a Democratic win at ~70% (as of now) probability. I agree the payback isn't huge... but if you're SURE then it's easy money!

[–] thanksforallthefish@literature.cafe 0 points 1 day ago (1 children)

whatever. I don't know who kalshi are and I don't trust anything American. Betting agencies in my own country have it at a bit worse than evens. I trust paddypower or bet365 who have been around decades to pay out a lot more than some US tech bros. Ignoring the fact it's not a bet, it's an options contract.

And yes, you can keep circling around poking at it but I stand by the assertion that there won't be a fair election in 2026 because a) trump has been running line by line down the Hitler playbook and b) he said the quiet part out loud (after nov24 i wont need your votes) and c) musk's kid outright said the same thing too and 4year olds dont drop clangers like that unless someone has said it in front of him

Ping me in two years

[–] yarr@feddit.nl 1 points 1 day ago (1 children)

What's stopping you from placing a wager on your favorite platforms then? You seem to feel quite confident it's going to happen, yet for some reason aren't willing to get that "easy" money...

[–] thanksforallthefish@literature.cafe 2 points 1 day ago* (last edited 1 day ago) (1 children)

Already have. The biggest delay was I dont normally bet so had to create an account

[–] yarr@feddit.nl 1 points 1 day ago (1 children)

Good luck out there! I am taking up the opposing position, and I am curious who will win.

Mate, I'd love to be wrong and lose the money. Maybe the Yanks will actually front up on all their "second amendment protects us from tyranny" but I doubt it.

[–] yarr@feddit.nl 2 points 3 days ago

The thing is, tariffs aren't new. Manufacturing (or the lack thereof) in the US isn't new... the only NEW thing appears to be voters that can be led around by the nose and lacking any kind of critical thought altogether. What % of people that voted for tariffs thought that China'd be paying for them? Probably the same folks who thought Mexico was going to build the wall and pay for it. Last time I checked, I don't think we've received any money from Mexico for this.