TRUMPXIT: The Bell Tools for Thee
We were once indispensable.
Now we’re just unpredictable.
Economic power runs on trust.
Trump has burned trust in America to the ground.
Brexit slashed Britain’s growth.
Trumpxit is now doing the same over here.
And it will do it even if no tariff is ever imposed…
Yes... sure... okay... The average American is going to get screwed, royally.
But the billionaires will be fine, so it's all good! Right?
There are links in the seed.
The very sharp Matthew Winkler put a stake in the ground last year. He assessed the damage from Britain’s 2016 Brexit:
Matthew Winkler (2024): Brexit’s Lasting Damage Is Looking Inescapable < https://www.bloomberg.com/opinion/articles/2024-03-19/brexit-s-lasting-economic-and-financial-damage-looks-inescapable >: ‘By almost every economic and financial measure, parting ways with the EU almost eight years ago has been disastrous for the UK. Is there no end in sight?… The toll of the June 23, 2016, referendum was more than double any of the eight worst days since 1981….
Sterling's sudden collapse and failure to recover proved to be the signal that Britain's best days are fleeting. For most of this century, the UK was the biggest beneficiary among the 27 countries in the EU. Measured by gross domestic product, GDP per capita growth, unemployment and superior debt, equity and currency valuations, Britain was the perennial leader. All of these superlatives ended with “Brexit” almost eight years ago. The EU since then outperforms the UK, whose listless economy is now little more than an also-ran….
The average premium investors pay for the future profits generated by the stocks in the 20 countries… [in] the euro zone, is 25%…. Between 2006 and 2019… [it] was zero…. Investors perceived no difference between the… euro zone and… UK…. The market… got it right. More than 50% of the British electorate belatedly acknowledged sterling's June 2016 omen when they told polling firm YouGov in July they would vote to join the EU again …. British politicians instead show no hesitation offering prescriptions for the plight of Gaza 3,000 miles away and yet can't be bothered to discuss remedies for the failure to protect vital UK industries such as finance and data while the public increasingly blames rising shop prices, reduced health care and broken public services on the vote to leave the EU.
Far from being the bloated, inefficient bureaucracy derided by Euroskeptics -- led by former UK Prime Minister Boris Johnson when he was the fabulist journalist for the London Telegraph -- who colored the prevailing Brexit media narrative… the bloc’s per capita GDP increased 19%, or 2.19 percentage points more than the UK on annual basis since 2016…. Between 2000 and 2016 the euro zone trailed the UK by six basis points…. Britain had everything to gain from its EU inclusion and little to lose as the bloc expanded with the fall of the Soviet Union's Berlin Wall and rapid integration of Eastern European countries.… No one doubts now that Brexit hindered rather than helped the ailing British economy…
And now, for us Americans, it is very clear that we need to listen to the tolling of the bell that tells us what Britain has experienced over the past ten years as a result of that extremely unwise choice. And we need to remember John Donne: “Ask not for whom the bell tolls: it tolls for thee”.
It is becoming increasingly clear to me: Suppose Donald Trump were to stand before the cameras tomorrow and say “never mind” to all of his proposed tariffs, export restrictions, and trade-war bluster. Suppose he were to retreat from the abyss with a mischievous grin. Suppose he were to declare it all a test. Suppose he were to do all of that. Then the odds are the damage would have already been done, for we would still be living in a post- Trumpxit world.
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'Course... to profit from the lessons of history, one must know a little history.
How much, do you imagine, does Donald Trump know about Brexit?
Irrelevant. Trump knows what he knows and who cares about Brexit?............well other than yourself.
yep, when did history ever predict anything anyway....?
Isn't that what General Custar said when he was told the Indigenous were pissed?
That's the clearest "statement of faith" I've ever heard. No religious fervor could match it.
Nope................
How did Brexit affect and change your life and what you do? Mine, none. So who gives a shit?
I dislike stupidity.
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I sincerely doubt you would get a ticket for an answer to something as simple as this..........
Trump chains all the Brexit doors at the White Power House of panes, for everyone knows Trump sticks his middle finger in the face of reason, then says, he was just teasin his heir S, cause Trump the copywrite infringement cougar thinks he and Snaglepuss which he has admitted to doing, Snaglepussin around town, thinks Brexit Stage Left, is his battle cry, for help we would wish, but ole Snaglepuss's new version of government perversion is quite the occursion, asz his phat orange asz can't depart that house fast, enuff to save US
ummmmmmmmmmmmm........................
Besides knowing a little history, one should know a little literature, and I want you to know I appreciated your reference to Meditation XVII. It would be a better world we live in if all followed that advice and realized that no man is an island, entire unto itself.
I'll be honest: I didn't know it came from Donne. I thought it was Hemingway, direct. And I'm just the seeder, not the author. But thanks for giving credit where it isn't due!
Well, at least you chose it to post on NT, and I suppose the titile did have some meaning to you notwithstanding it was through Hemingway's use of the message of 16th century author John Donne's essay.
The significance of not seeking out for whom the bell tolls can be explained simply by the fact that there were no newspapers or method to announce the death of a resident of a town other than by the tolling of the church bell, which would cause the residents to go to the church to find out who died. What John Donne has indicated is that it was not necessary to find out who died, because we all have a little part at least of all others, at least of whom we have known within us, and that part dies as well, so that we all die a little so it was not necessary to know other than we each died a little. That concept of having within us a part of each other is amplified by his comparing us with geography, in that no man is an island (i.e. only oneself without being connected with others) by also writing in that essay "no man is an island, but is a part of the main" i.e, a part of all humanity.
Back in my weekend hippie days a friend who was a folksinger died of lung cancer (she had smoked a lot) I officiated at her funeral attended by her friends, about 30 young people, and I used the lesson of Meditation XVII in my eulogy - i.e. that when she died, we all died al little bit.
I once dated a girl who was so very nice and good, that she didn't have an evil bone in her body...except for Mine ! She didn't call it and I didn't claim to be an island. She stated we were more like one with the Peninsula inside her, as the current heaved our bodies too, and fro, and that's how I want to go for my brexit
Go for it.
Curious............how does a bell tool?
removed for context
The Dow Jones started the day up around 1750 pts. As of right now it has given up all that and is barely above water for the day. That is another collapse on the level of the days since the tariffs were announced.
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No, massive tax increases (The tariffs Trump imposed are taxes Americans will have to pay on imported raw materials and manufactured goods) plus seeing all their retirement accounts decimated are having the opposite effect of making people happy!
Except for maybe Vlad Putin and Little Kim and Chairman Xi...
104% tariffs are not expected to please Chairman Xi, but China is not Zimbabwe, and the retaliation is going to really hurt Americans, which IMO they deserve only if they voted to make that ignorant megalomaniac their PotUS. China has survived a lot of onslaughts in its 5000 year history and come out stronger every time, and this one will not be an exception to that.
Down 319 at closing.
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Why? I feel for those about to retire. Very anti-Ayn of me ... /s
That was the djia at 4 p.m. ... they made a correction on or about 4:05 p.m.
Any more dumbfuck questions re typos?
If it was a typo i wouldn't have commented, but an outright lie deserves to be called out.
You mean you're not a selfish asshole?
Not yet, butt I'm working at it.
When I say something is a lie, I get a ticket.
People retired or close to retirement should not be 100 percent in the stock market.
Why?
Why what? Why do I have empathy for retirees and not for let's say serial killers like Ayn Rand?
ole George accused me of lying on another seed today. I only LIE whence sitting up in bed
Trump says tariffed countries are calling him up and "kissing my ass".