this post was submitted on 10 Feb 2026
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[–] RobotToaster@mander.xyz 12 points 54 minutes ago
[–] spaghettiwestern@sh.itjust.works 76 points 2 hours ago* (last edited 1 hour ago) (7 children)

I wonder how many trillions of dollars the Trump dumpster fire will end up costing American business.

You'd think our corporate overlords would remove him.

[–] ReallyActuallyFrankenstein@lemmynsfw.com 7 points 35 minutes ago* (last edited 34 minutes ago)

Let's say the pre-Trump economy is worth $100 trillion, and a particular billionaire's share is $2 billion. Let's say Trump catastrophically decreases the economy's value to $50 trillion, while increasing corruption such that that Trump is getting more power, and the billionaire's share is $10 billion.

This is followed by a collapsing market that creates a dip in share prices or private valuation, the assets of which can be bought for pennies on the dollar, eventually leading to that billionaire having $30 billion in a total economy worth $20 trillion.

Win/win for Trump and the billionaire, at the cost of everyone else.

That's basically what's happening, and will continue to happen.

[–] BarneyPiccolo@lemmy.today 1 points 3 minutes ago

They'll make sure it hurts us, long before it ever touches them.

[–] kescusay@lemmy.world 23 points 1 hour ago (1 children)

At this point, I wouldn't be surprised if they're working on it. He's destroying their bottom lines.

That said, if you go after the king, you'd best not miss.

[–] village604@adultswim.fan 9 points 1 hour ago

Their bottom lines aren't very important to their goal of owning everything. Money is just a vehicle for power, but once they own everything and everyone they won't need it.

[–] hector@lemmy.today 7 points 1 hour ago

The question is incomplete. They will cost trillions, but the presidency, the party fixing elections right now, will cost the country the dollar itself. They will max out borrowing, then print money to pay off the debt and de facto default. They will turn all of those dollars into very much less valuable things.

Presuming no one stops them.

[–] h54@programming.dev 10 points 1 hour ago

The parasites are still making money. Rocking the boat would temporarily interrupt the party, they'll continue to party until they're forced to change.

[–] CobblerScholar@lemmy.world 2 points 54 minutes ago (1 children)

True risk is also anathema to them, probably hedging bets on how the midterms go before they make big moves

[–] spaghettiwestern@sh.itjust.works 1 points 24 minutes ago

I think it's simpler than that and just is down to the impact on the next quarter's profits.

[–] ilinamorato@lemmy.world 1 points 1 hour ago

It's kind of a weird game theory thing, because the industries affected aren't consistently losing. A decision he makes on Wednesday can help the finance industry but hurt the tech industry, and then he can reverse it on Thursday and now the finance industry is tanking but the insurance industry is up. It's tough to know who would work together to pull him out of office, because between any two given days, the people who have the money have different opinions on how he's doing.

[–] db2@lemmy.world 74 points 2 hours ago* (last edited 2 hours ago) (2 children)

Good. Make it hurt.

I want to see CEOs from the sky.

[–] WhyIHateTheInternet@lemmy.world 24 points 2 hours ago (1 children)

They would be tiny from way up there

[–] db2@lemmy.world 11 points 1 hour ago (1 children)

I like the way you think, get them to terminal velocity.

[–] toiletobserver@lemmy.world 2 points 57 minutes ago (1 children)

The most important thing about terminal velocity is the immediate stop and its effects.

[–] db2@lemmy.world 1 points 54 minutes ago

And the popcorn stand for spectators. Very important.

[–] Nioxic@lemmy.dbzer0.com 1 points 1 hour ago (1 children)

I dont

Theyre usually fat old men

[–] db2@lemmy.world 1 points 1 hour ago

Better splats. 🤷

[–] dan@upvote.au 15 points 1 hour ago* (last edited 1 hour ago) (2 children)

We've had this in Australia since the 90s at least. All debit cards are dual network: They support both Visa/Mastercard, as well as the local network (called EFTPOS). EFTPOS is noticeably cheaper to process - around 0.3% fee, compared to ~1% for Visa/Mastercard debit in Australia, ~1.5% for credit, and ~3% for Visa/Mastercard in the USA. The profits stay in Australia rather than going to a US company.

That's only for debit cards, though. EFTPOS doesn't support credit cards.

[–] aegg@europe.pub 2 points 14 minutes ago

Same in Norway and I think same in many countries, biggest issue is across borders inside of Europe. Most payments online also.

[–] felsiq@piefed.zip 1 points 27 minutes ago

Same in Canada with Interac. I’d love to see some interop between these types of networks

[–] eager_eagle@lemmy.world 2 points 27 minutes ago* (last edited 25 minutes ago)

reminds me when Brazil launched their Pix payment system nationwide, which is free for individuals, and the US launched an investigation into unfair trading

potential unfair advantaging of Brazilian payment services over US competitors was cited

Brazilian President Luiz Inácio Lula da Silva has accused US president Donald Trump of being "bothered by Pix" because it "will put an end to credit cards"

lol get rekt

[–] JovialSodium@lemmy.sdf.org 14 points 1 hour ago (1 children)

For those who were a little concerned about the "breakup" phrasing in the title, I didn't see any indication in the article indicating those payment methods would stop being accepted. Just moving away from being reliant on them.

[–] hansolo@lemmy.today 1 points 16 minutes ago

Thanks for this. I recall the days of having to take cash to a sketchy guy or getting screwed at the airport so you can get out of the airport. It wasn't cool, and being able to pay with a credit card in some far-flung places now is pretty amazing.

[–] iamthetot@piefed.ca 6 points 1 hour ago (1 children)
[–] cygnus@lemmy.ca 5 points 1 hour ago

We already have Interac, a good homegrown solution. I'm sure it wouldn't be that hard for banks to piggyback on it to make credit transactions rather than debit.

[–] SalamenceFury@piefed.social 2 points 42 minutes ago

Good. I don't want those two fucking corporate assholes telling anyone where they should spend their money on and banning or restricting accounts of any NSFW artist out there while their owners are all over the Epstein files.

[–] fluffykittycat@slrpnk.net 9 points 1 hour ago

Good. I hate Visa and MC

[–] Reygle@lemmy.world 1 points 57 minutes ago

Honestly I can hardly wait to hear my management tell me how much money they've lost on their investments. I'm ready for this place to fall and will welcome the "end" when it finally goes.

When it does, I hope Canada invades (joke, but no really please DO do that)

[–] SAF77@lemmy.world 1 points 1 hour ago

About fucking time.