Rob Mccart wrote to MIKE POWELL <=-

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..

That smells like just propaganda from the media. Was that CNN or MSDNC?

But I think it's going to calm down or come to an end before too long.

Stocks are not short term investments. Anyone panicing and selling shouldn't be playing the stock market.

Too many rich, powerful people are losing money

Which was part of the plan. Those rich are usually Elitists who do nothing.

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.

Propaganda again.

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.

Well, Canada can do what many other countries have done: negotiate and get the tariffs dropped.

Maybe if you guys elected a useful PM, like Pierre (sorry, can't spell his last name) things will get better.


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Re: Re: Is AI ruining social
By: Dr. What to Rob Mccart on Sat Apr 12 2025 02:56 pm

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'
just stopped paying attention to his planned financial attacks..

That smells like just propaganda from the media. Was that CNN or MSDNC?

HE TWEETED IT.
--- SBBSecho 3.23-Win32
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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.

Yes, it's like insider trading except it's legal.. (Questionably)

Here, if a politician has a lot of funds invested, it has to go into
a blind trust so that they don't know what they are invested in and so
won't make political decisions based on what will make them a profit.

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

So... situation normal ?

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.

They closed another GM plant in Canada yesterday for at least several
months, although they say that has more to do with poor sales of
electric cars than Trump's doings.. (for a change..) B)

---
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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 tha
>day.

Yes, it's like insider trading except it's legal.. (Questionably)

Not sure it really is legal, though, in this case. If he helped people
like Schwab, who isn't in Congress, make a bunch of money, that means that folks outside of the White House knew what was going to happen. Chances
are Trump told them. Pretty sure that isn't legal. ;)

Here, if a politician has a lot of funds invested, it has to go into
a blind trust so that they don't know what they are invested in and so
won't make political decisions based on what will make them a profit.

That is what some are pushing for here, or preventing investment entirely.

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

So... situation normal ?

I guess so. ;)

They closed another GM plant in Canada yesterday for at least several
months, although they say that has more to do with poor sales of
electric cars than Trump's doings.. (for a change..) B)

We have actually been getting some intermentent news about US manufacturers closing plants up there. They are closing, or delaying, them here also.

Mike

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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..

That smells like just propaganda from the media. Was that CNN or MSDNC?

It was from a tweet from Trump himself, later followed by a presser in the
Oval Office where Trump bragged to some NASCAR drivers about his friend
Charles Schwab recently making a killing in the market.

I would agree that it is "progaganda," but it isn't coming from the media.


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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..

That smells like just propaganda from the media. Was that CNN or MSDNC?

That was on our national news but Mike Powel my Sysop on this BBS
also heard al about it down there.

Stocks are not short term investments. Anyone panicing and selling shouldn't

>be playing the stock market.

Depends who you are.. For years I was a Day Trader with my own funds.
At times I would buy and sell the same stock as many as 3 times in one
day as the value fluctuated. If you're good at that you can make
more money in one day on a stcok than you would just holding it
for a year. But when people asked what I do for a living I used to
tell them I was a professional gambler because that's what it is.
You guess right and make a lot of money, you guess wrong and you lose.

Too many rich, powerful people are losing money

Which was part of the plan. Those rich are usually Elitists who do nothing.

I don't think Trumps plan was to eliminate rich people..

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.

Propaganda again.

Estimates from numerous sources, but of course the worst case estimates
are the ones that make the news. That all remains to be seen but I
have a feeling things are not going to go anything like Trump hopes
and expects them to. He won't be in power for enough years to pull
you out of a borderline recession as he tries to take on the world.

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.

Well, Canada can do what many other countries have done: negotiate and get th

>tariffs dropped.

Right.. he's offered us 2 ways out of it. To either move all our
car plants to the USA, and lose 125,000 direct jobs and many times
that support jobs, or join the USA as the 51st state..

Maybe if you guys elected a useful PM, like Pierre (sorry, can't spell his la

>name) things will get better.

I'm not sure why Pierre Poilierve would be of much use. Mostly he is
more like Trump than the others. They say he will turn Canada into
the USA in all but name, cutting services, cutting health care and
making the gov't smaller and almost impossible to deal with if you
have a problem and cut taxes for the rich..

That said, Mark Carney is a banker and will cause problems of his
own. He is still ahead for the past 4 or 5 weeks, but only by
about 5% now. I've said in the past that what would be best is
for a Minority Gov't to be elected. Without the power to do much
unless another party backs them up, that tends to mitigate the
amount of damage they can do..

That said, Carney's small 5% lead is like the Polular vote, and
a lot of huge areas virtually always vote liberal so the number
of districts the Liberals will win are very likely to be a lot
better than just 5% higher.. But I never believe the predictions
until after the votes are in.. B)

---
* SLMR Rob * When did your wild oats turn to shredded wheat?
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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..

That smells like just propaganda from the media. Was that CNN or MSDNC?

That was on our national news but Mike Powel my Sysop on this BBS
also heard al about it down there.

I didn't just hear it on the news, I saw the President's tweet about it. ;)

Too many rich, powerful people are losing money

Which was part of the plan. Those rich are usually Elitists who do

othing

I don't think Trumps plan was to eliminate rich people..

The "Elite" logic doesn't completely track. There are "Elite" people who
don't like Trump, donate to Democrats, etc., but there are also "Elite"
folks who are in Trump's circle... Elon Musk and Charles Schwab are two
good examples.

So when someone mentions "Elitists" I have to wonder if they are paying attention.

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.

Propaganda again.

Estimates from numerous sources, but of course the worst case estimates
are the ones that make the news. That all remains to be seen but I
have a feeling things are not going to go anything like Trump hopes
and expects them to. He won't be in power for enough years to pull
you out of a borderline recession as he tries to take on the world.

It is already costing us some jobs, or at least delaying them. A tech
giant... M$ or Google... has put a multi-billion dollar investment in Ohio
on hold due to the tariffs, which is costing Ohio potential jobs. Another company has put a battery plant in Kentucky on hold for the same reason.
It was supposed to bring a bunch of jobs.

The Kentucky plant was already started so I think it will eventually be completed, but the Ohio investment was something new.

Well, Canada can do what many other countries have done: negotiate and get th

>tariffs dropped.

Right.. he's offered us 2 ways out of it. To either move all our
car plants to the USA, and lose 125,000 direct jobs and many times
that support jobs, or join the USA as the 51st state..

Two pretty crappy alternatives. ;)


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Hello Rob!

Well, Canada can do what many other countries have done:
negotiate and get th

tariffs dropped.

Right.. he's offered us 2 ways out of it. To either move
all our car plants to the USA, and lose 125,000 direct
jobs and many times that support jobs, or join the USA as
the 51st state..

The offer is ridiculous. T is not interested in a win-win
arrangement respecting existing countries and economies. If is antics/strategies can't show more jobs and lower cost of living
for USA citizens, the Rep party has a little to no chance in
getting re-elected next time around.

I'm not sure why Pierre Poilierve would be of much use.
Mostly he is more like Trump than the others. [...]

That said, Mark Carney is a banker and will cause problems
of his own. He is still ahead for the past 4 or 5 weeks
[...]

Carney seems to be more level-headed and calm than PP.

PP is a master complainer. He hasn't actually shown HOW he
intends to implement all the wonderful stuff he says Canadians
*should* have.

--
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Yes, it's like insider trading except it's legal.. (Questionably)

Not sure it really is legal, though, in this case. If he helped people

>like Schwab, who isn't in Congress, make a bunch of money, that means that
>folks outside of the White House knew what was going to happen. Chances
>are Trump told them. Pretty sure that isn't legal. ;)

I suppose in that case his plans on world tariffs are not like knowing
what a single company is going to do, but people should know by now
how much the markets move every time he makes a change. It's the same
affect but the scope makes it a lot harder for normal people to make
any use of it, but very wealthy people certainly could..

I wonder at times if he is a twit or he thinks everyone else is
and that he can trick/manipulate them saying by ridiculous things.

He said yesterday that his tariff policies are working wonderfully
and used as proof that last week the US Markets had their biggest
one day gain in many years.. Somehow he forgot to take into account
that that huge gain was only because the market was partially
recovering from the biggest losses in ages, and are still lower
than before he took office.

We have actually been getting some intermentent news about US manufacturers

>closing plants up there. They are closing, or delaying, them here also.

There's going to be a lot of pain before you see much gain I think.

And I know we have companies here that sell 90% of their products
to the USA so they are possibly going to close completely, unable
to pick up enough buyers in other countries for their products.
And duty free store sales are way down and many small businesses
near the border that have relied of tourist dollars on both sides
of the border are in serious trouble.

Then there are companies like Apple who lost $638 Billion in
market capital in 3 days after Trump started in on China.
Those are products that a lot of Americans want to buy and
they won't appreciate paying more than double the cost for them.

---
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Not sure it really is legal, though, in this case. If he helped people

>like Schwab, who isn't in Congress, make a bunch of money, that means that
>folks outside of the White House knew what was going to happen. Chances
>are Trump told them. Pretty sure that isn't legal. ;)

I suppose in that case his plans on world tariffs are not like knowing
what a single company is going to do, but people should know by now
how much the markets move every time he makes a change. It's the same
affect but the scope makes it a lot harder for normal people to make
any use of it, but very wealthy people certainly could..

This is part of the reason that the ability to tariff was not supposed to
be in the hands of one person and their changing whims. That ability belongs to Congress but they decided to give "emergency powers" to Trump to allow him to determine tariffs on his own. That is a move they should be held accountable for.

I wonder at times if he is a twit or he thinks everyone else is
and that he can trick/manipulate them saying by ridiculous things.

Six of one and half dozen of the other, I think.

He said yesterday that his tariff policies are working wonderfully
and used as proof that last week the US Markets had their biggest
one day gain in many years.. Somehow he forgot to take into account
that that huge gain was only because the market was partially
recovering from the biggest losses in ages, and are still lower
than before he took office.

As long as he and his pals are making money, that is all they are concerned with.

We have actually been getting some intermentent news about US

anufacturers

>closing plants up there. They are closing, or delaying, them here also.

There's going to be a lot of pain before you see much gain I think.

Indeed.

I honestly believe that this is a "revenge tour" on US citizens for not
voting him into office in 2020. At some point, if he ever believed the election was stolen, I suspect he realized it was not.


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That smells like just propaganda from the media.

That was on our national news but Mike Powel my Sysop on this BBS

>> also heard al about it down there.

I didn't just hear it on the news, I saw the President's tweet about it. ;)

Oops, Sorry.. I don't follow tweets unless they get repeated on the news.. B)

I have a feeling things are not going to go anything like Trump hopes

>> and expects them to. He won't be in power for enough years to pull
>> you out of a borderline recession as he tries to take on the world.

It is already costing us some jobs, or at least delaying them. A tech

>giant... M$ or Google... has put a multi-billion dollar investment in Ohio
>on hold due to the tariffs, which is costing Ohio potential jobs. Another
>company has put a battery plant in Kentucky on hold for the same reason.
>It was supposed to bring a bunch of jobs.

Yes, we are seeing the same things here. It's bad enough we lost over
30,000 jobs in one industry last month but now we keep hearing about
business expansions or new ones planning to move here that are being
cancelled, or at least postponed..

Right.. he's offered us 2 ways out of it. To either move all our

>> car plants to the USA, and lose 125,000 direct jobs and many times
>> that support jobs, or join the USA as the 51st state..

Two pretty crappy alternatives. ;)

I'm not sure you, as an American, should call joining you 'crappy'.. B)

---
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Right.. he's offered us 2 ways out of it. To either move
all our car plants to the USA, and lose 125,000 direct
jobs and many times that support jobs, or join the USA as
the 51st state..

The offer is ridiculous. T is not interested in a win-win

>arrangement respecting existing countries and economies. If is
>antics/strategies can't show more jobs and lower cost of living
>for USA citizens, the Rep party has a little to no chance in
>getting re-elected next time around.

Yes, if his ideas stay in place it will likely be many years before
they start to show any positive results, other than Trump's gov't
taking in hundreds of $Billion in tariff money.

I'm not sure why Pierre Poilierve would be of much use.
Mostly he is more like Trump than the others. [...]

That said, Mark Carney is a banker and will cause problems
of his own. He is still ahead for the past 4 or 5 weeks

Carney seems to be more level-headed and calm than PP.

True, although he is trying to back off on that now that he's
seen how much he bugs a lot of people, especially women.

PP is a master complainer. He hasn't actually shown HOW he

>intends to implement all the wonderful stuff he says Canadians
>*should* have.

No, they mentioned that after the debate tonight, that everyone
is making promisses but not explaining how they intend to pay
for them.

We won't know for sure until the last vote is counted but the
current thinking is that Carney is pretty much guaranteed to
win the election and the battle now is for whether he wins it
with a Majority of seats or not..

Popular vote polls shows him 5 or 6% ahead, but when it comes to
who will win more seats, the difference is even more in his favour.

---
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This is part of the reason that the ability to tariff was not supposed to

>be in the hands of one person and their changing whims. That ability belongs
>to Congress but they decided to give "emergency powers" to Trump to allow him
>to determine tariffs on his own. That is a move they should be held
>accountable for.

Well, if not earlier it may turn into an emergency soon.. B)

I honestly believe that this is a "revenge tour" on US citizens for not

>voting him into office in 2020. At some point, if he ever believed the
>election was stolen, I suspect he realized it was not.

Sore loser.. B)

---
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Two pretty crappy alternatives. ;)

I'm not sure you, as an American, should call joining you 'crappy'.. B)

I would imagine that, for a successful sovereign country, it wouldn't be a great thing. ;)


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Two pretty crappy alternatives. ;)

I'm not sure you, as an American, should call joining you 'crappy'.. B)

I would imagine that, for a successful sovereign country, it wouldn't be a

>great thing. ;)

Not according to Greenland anyways.. B)

No, I think a lot of the world thinks Canada and the USA are pretty similar
but there are a lot of fundamental differences between us. Not so much
that we can't be good friends and neighbours (usually) but there are differences that both of our people would not want to change over to
given the opportunity. Most Canadians I know who moved there for, say,
a higher paying job and the promise of lower taxes didn't stay very long.

But of course some do move, in both directions, and stay..
You can never speak for everyone..

---
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