Now I’m wondering if Trompkins will also dismantle FDIC coverage of savings accounts. (And whether there’s suddenly any genuinely safe place at all for ordinary USians to park their savings.)
“A bank just robbed us. This is the first reverse bank robbery in the history of America.”
Talk about a sweet summer child…
(Sorry, that comes off a little victim-blamey. I sympathize with people who trusted a bank to secure their money, and hope they are successful in recovering their full savings.)
I’m assuming that their intent is to entirely dismantle the last vestiges of the New Deal Order, so I’m guessing yes. People are going to lose everything… Except for the few who will now hold all of our wealth.
The sanctions since 2014 have caused it to lose 2/3 of its exchange value again.
In 2024, it has only lost ~18% of its value.
I’d say there’s more work to do on the sanctions front.
Here’s a question for my cousins: how much will the back-stabbing, inflation-generating tariff plan, proposed a couple of days ago by your president-elect, bolster the value of what remaining oil can sell? Perhaps that’s something something that the press might ask at the next opportunity.