The only things I am relatively certain of are that the Trump admin does not understand how the money printer works, and regardless of that they seem ideologically bent on dismantling any institution that doesn’t directly benefit them. I think they would sooner try to bail out only themselves (and close/loyal allies), and leave everyone else SoL. Even if the largest banks can weather a bank run, that’s still a lot of people that had their savings in smaller banks that suddenly can’t pay for food or shelter. Admittedly, I don’t understand enough about the Fed to understand what mechanisms, if any, they may have to prevent this.

I’m struggling to imagine a scenario where shutting down the FDIC doesn’t lead to some form of rapid collapse, so obligatory nothing ever happens

This is from December, but I only learned of it today. Trump’s team has suggested eliminating the FDIC. This would most likely cause an immediate bank run, no? I know I’ll be stuffing cash under the mattress the second I hear about the groyper gang making moves on the FDIC, especially with all the other Jenga pieces Trump is carelessly ripping out of the tower.

Geopolitical Economy Report - How Trump’s tariffs will accelerate US decline. Probably nothing that will surprise most people here, but it’s good to hear the analysis reaffirming it all, as well as providing more and deeper details I was unaware of. I won’t attempt to summarize the entire video, but one of the main points is that Trump & co. do not understand the economic levers they’re pulling on, and will ultimately only accelerate the US economy’s downturn. They also share a view I’ve had and seen echoed here, that they expect certain industries to eventually push back on some of Trump’s policies once it becomes clear how harmful they are.

Edit: This bit was especially relevant, I know a lot of us have been trying to gauge deeper meaning behind this admin’s actions. Radhika Desai: “[in response to another panelist] I would say that you’re, inadvertently I’m sure, being too complementary to Trump when you say that Trump is trying to manage US decline. I think, really, Trump is surfing US decline. He will make the most of it for himself and his corporate cronies and beyond that, I don’t think Trump has the capacity to think of the United States as an economy, as a people, as a country, or anything like that”

oh my god our surfing emote is already ORANGE

Bring him back, show him Trump and his cabal of failsons lighting his lifetime of work on fire in a matter of days, send him back to hell, repeat.

Elon Musk Takes Aim at

We’re going to go from worrying about the price of food to just being worried about its availability.

This light bulb uses ESPHome.

You can also get IR transmitters that use ESPHome for cheap on aliexpress, but you’ll probably need some kind of enclosure. There’s zigbee transmitters as well, but I’ve yet to find one that plays nice with Home Assistant, unfortunately.

I’m rapidly becoming convinced of the “they’re true believers in American exceptionalism propoganda, and all the competent managers of empire are long dead and gone” theory.

And I gusss that’s not incompatible with the theory that “this is a mafioso-style shakedown of our states and vassals” or even Nixon madman 2.0, it just means that they’re playing with forces they don’t understand. Or, more accurately, forces they wildly misunderstand, even to their own detriment.

While TSMC plans to produce the front-end process of Nvidia’s Blackwell chips in Arizona, the company will ship the chips to Taiwan for packaging as its north Phoenix fab lacks capability for chip-wafer-on-substrate packaging, Reuters reported.

https://www.aztechcouncil.org/tsmc-may-make-ai-chips-for-nvidia-in-arizona/

It’s not as prominently reported on, but there’s sporadic, buried mentions in other articles mentioning a shortage of labor and increased costs in staffing even just this Arizona fab, which is the furthest ahead AFAIK.

I can’t imagine this happens with what I’m sure will be every single capitalist in tech banging down his door over it? 100% tariff on TSMC just seems like way too much of a threat for finance captial to tolerate, like “call the CIA and arrange for Trump to visit Dallas in a motorcade” intolerable.

Edit: Actually, after seeing his canceling of all federal grants, fuck it. I guess there’s just no handlers this time around and he truly is just going to do whatever he wants unless the other oligarchs can cobble together a coup.

There’s post somewhere else on hexbear about the crypto guys getting pissed off at all the Trump & co. crypto scams that have been coming out because they were worried it could reduce confidence in crypto overall, so it could be that? Or maybe wallstreetbets guys withdrawing so they could short Nvidia? Lmao, what a stable system for currencies when any fart in the wind could have done this.

I think that’s a no for general manufacturing and a not a chance in hell for high-end chip manufacturing. I forget where I read it, but one of the problems is something like domestic manufacturing is so hallowed out that we don’t even have all the necesaary educational institutions/programs to produce the kind of specialists you’d need for a high-end chip fab.

So even if the US could somehow overcome corruption of companies just pocketing government funding (also not happening) there simply isn’t a workforce to run things.

Trump will give Taiwan to China in exchange for getting to kidnap TSMC engineers, who will then be forced to live onsite at a de facto abandoned fab construction site in Arizona.

True, but at least tariffs (probably) won’t be able to prevent Nvidia from crashing at that point. Who really knows, though, all this is shit is built upon multiple layers of irrationality, anyways.

Even if it doesn’t, I’m sure it won’t be long until China overtakes the West in manufacturing the best GPUs and at a much cheaper cost, too.

Idk, but I’m suddenly having the same gut feeling I had in February 2020. I bought a bunch of non-perishable foods at that time, thinking that if it turned out to be a nothing-burger I would just not have to shop for several of my pantry items for a few months. Of course, March hit, and I was very thankful I didn’t need to visit the grocery store for pretty much the entire lockdown, and even when I did it was only because I was getting sick of eating the same things for a month straight.

Anyways, looks like I’ve got some extra grocery shopping to do this week

BTW, masks are really cheap in bulk on Aliexpress right now, and bird flu or not, we can be sure that Covid will surge again come spring/summer.

Quoting my post from another thread for no particular reason:

Cant wait to learn about the next pandemic (on top of the current ongoing one) through healthcare workers anecdotally reporting a huge uptick in respiratory cases, and everyone else noticing a “really bad flu going around.”

Their space station is seriously impressive, and that’s just one piece of their space program.

Cant wait to learn about the next pandemic (on top of the current ongoing one) through healthcare workers anecdotally reporting a huge uptick in respiratory cases, and everyone else noticing a “really bad flu going around.”

Hell yeah, I searched him a few days ago assuming he’d follow the trend to continue his grift, but unfortunately it wouldn’t let me report him.

I saw Eddie was on there, too, gonna have to remember to report him and the rest of those patsoc losers if they’re not already banned.

Edit: I still can’t report them, but they have zero posts between themselves, so I assume they’re banned? Maybe that’s why reporting them throws an error.

I think it’s just whatever server runs the verification stuff is getting hit too hard. I had to resend the code a few times, but it eventually went through.