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I'll give it a shot, just maybe to help one person understand. They voted for him because 15+ years of government + federal reserve policy has led to massive b

by sfblah 2y ago

I'll give it a shot, just maybe to help one person understand. They voted for him because 15+ years of government + federal reserve policy has led to massive bubbles in all US capital assets while impoverishing a wide swath of the population. The people who voted for Trump are those who've "lost" in the giant crypto+stock Ponzi scheme. The reason people on the winning side of this have such a hard time seeing it is that, en masse, they've turned away from any semblance of traditional valuation measures for capital assets. I assume they've done this because it's too emotionally uncomfortable to consider the notion that their entire wealth isn't because they're geniuses but because of deranged government policy.

zaptrem 2y ago
Isn't Trump the pro-"crypto Ponzi scheme" (as you called it) candidate? Asset prices of both crypto and stocks seem to think so.
- sfblah 2y ago
  Yep. It's ironic and shitty, but people just did a protest vote. They aren't looking at the specific proposals. They don't care anymore. You're absolutely right, but honestly both parties are completely in on the Ponzi scheme. So it probably doesn't matter.
- tim333 2y ago
  Not only pro but going to put your tax dollars in: >US Senator Lummis reaffirms Bitcoin will be become a national reserve asset following Trump's victory
  - sfblah 2y ago
    Read my other comments. It's a protest vote. They don't care what his actual policies are. No one is willing to pop the economic bubble, so voters are just going to burn the whole thing down.
tomrod 2y ago
I'd bet a dollar this is 100% incorrect, and that cryptobros voted overwhelming for Trump/Vance/Thiel/Musk.
- sfblah 2y ago
  It's probably split. But it doesn't matter. The important question is who the people who have lost in the lottery voted for, not who the winners voted for.
RealityVoid 2y ago
And somehow Trump is going to reign this in? Him? How? Did you see both crypto markets and stock "ponzi" scheme reaction to his election? If this is their reasoning, it is flawed, to avoid using terms that are much less charitable. It feels that this kind of justification is trying to fit a narrative to the deed that makes no sense, somehow justify it. I personally think it's a culture war thing that caused this. And it is probably going to get worse.
- sfblah 2y ago
  Of course he won't. But, see, no one will. Both parties are equally culpable here. People are just doing protest votes at this point. What are they even supposed to do? No one can even buy a house. The only actual solution is to put interest rates up to 8% and trigger a revaluation and a recession, but the odds of that are zero, no matter who is president.

by sfblah 2y ago

zaptrem 2y ago

Isn't Trump the pro-"crypto Ponzi scheme" (as you called it) candidate? Asset prices of both crypto and stocks seem to think so.

sfblah 2y ago
Yep. It's ironic and shitty, but people just did a protest vote. They aren't looking at the specific proposals. They don't care anymore. You're absolutely right, but honestly both parties are completely in on the Ponzi scheme. So it probably doesn't matter.
tim333 2y ago
Not only pro but going to put your tax dollars in: >US Senator Lummis reaffirms Bitcoin will be become a national reserve asset following Trump's victory
- sfblah 2y ago
  Read my other comments. It's a protest vote. They don't care what his actual policies are. No one is willing to pop the economic bubble, so voters are just going to burn the whole thing down.

tomrod 2y ago

I'd bet a dollar this is 100% incorrect, and that cryptobros voted overwhelming for Trump/Vance/Thiel/Musk.

sfblah 2y ago
It's probably split. But it doesn't matter. The important question is who the people who have lost in the lottery voted for, not who the winners voted for.

RealityVoid 2y ago

And somehow Trump is going to reign this in? Him? How? Did you see both crypto markets and stock "ponzi" scheme reaction to his election? If this is their reasoning, it is flawed, to avoid using terms that are much less charitable. It feels that this kind of justification is trying to fit a narrative to the deed that makes no sense, somehow justify it. I personally think it's a culture war thing that caused this. And it is probably going to get worse.

sfblah 2y ago
Of course he won't. But, see, no one will. Both parties are equally culpable here. People are just doing protest votes at this point. What are they even supposed to do? No one can even buy a house. The only actual solution is to put interest rates up to 8% and trigger a revaluation and a recession, but the odds of that are zero, no matter who is president.