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HEADLINES
- The last three Republican presidents wrecked the economy. The last three Democratic presidents had to fix things.
- There will be Donald Trump protests all across the country on April 5th.
- Trump and Musk plot to shred our American Safety Net to fund tax breaks for billionaires and corporations. Join a 4/5 rally.
- BREAKING: The @DeptofDefense Inspector General has announced that they are investigating the use of Signal by the @SecDef and others.
- Tomorrow, there are more than 1,200 “Hands Off!” events planned in all 50 states and DC, organized by a coalition of 165+ groups. It looks like it will be the largest mobilization against Trump this year.
- Senators Chuck Grassley (R) and Maria Cantwell (D) introduced a bipartisan bill to reassert Congress’s authority over tariffs. It requires the president to notify Congress within 48 hours of imposing new tariffs, which would expire unless Congress approves them within 60 days.
- Fired US Pardon Attorney and other key figures ousted in Trump Administration purge of Justice Dept to testify Monday at Senate Democrats event on Capitol Hill
- Jeff Bezos lost $15.9 billion in personal wealth today as a result of Donald Trump’s tariffs.
- Whirlpool and Stellantis are laying off workers.We’re about to see mass layoffs in the private sector like we did during the pandemic in Donald Trump’s first term.Donald “Herbert Hoover” Trump is a trainwreck for jobs.
- The English High Court has ordered Trump to pay Orbis £625k in the data protection case he lost against us, doubling the interim costs award he was in breach of for over a year. This is one tariff Trump can no longer avoid.
- Trump did NOT impose tariffs on RUSSIA. Trump is a Russian Asset.
- Now that it’s been reveals that Trump has been a Russian asset for 40 years named Krasnov by the FSB #Krasnov
- President Trump tells investors “my policies will never change.”
- President Trump says “every country” called to negotiate tariffs.
- Jim Cramer says he’s disappointed with President Trump’s tariffs and his administration “screwed it up.”
- US unemployment rate rises to 4.2%, higher than expectations.
- California to ask countries to exempt it from any retaliatory tariffs on the US.
- JPMorgan says President Trump’s tariffs are the largest US tax hike since 1968.
- Senator Lindsey Graham (R-SC) endorses Trump for third term.
- European Union prepares to fine Elon Musk’s X $1,000,000,000 for “disinformation.”
- China to impose additional 34% tariff on US goods.
- Trump fires NSA Director Gen. Tim Haugh
- ‘COVID is over.’ Schools are out of time to spend pandemic aid, Linda McMahon says.
- My 401K wants Joe Biden back.
- Trump went bankrupt 6 times.
- European Union prepares to fine Elon Musk’s X $1,000,000,000 for “disinformation.”
- Wealthy Americans have death rates on par with poor Europeans
- Dr. Oz is now the Administrator of the Centers for Medicare and Medicaid Services. The Senate has confirmed him in a 53-45 vote.
TARIFFS ARE TERRIFIC
4/3/25 $2.85 trillion wiped out from the US stock market has been erased from the stock market yesterday.
Trump hops you enjoyed Obliteration Day.
US stock market records its worst day in 4 years.
“When Congress passed the Smoot-Hawley tariff in 1930, we were told that it would protect America from foreign competition and save jobs in this country—the same line we hear today. The actual result was the Great Depression.”- Ronald Reagan, 1988
ANYONE ANYONE?
Am I the only one out there who knows that the Smoot-Hawley tariff was the principal trigger for the 1929 stock market crash and the Great Depression?
Hawley–Smoot Tariff – Ferris Bueller’s Day Off 1986
https://www.youtube.com/watch?v=yuOHbyuanbY
@DarrigoMelanie
Trump is purposely destroying our economy while telling you that DEI, immigrants, and trans women in sports are what you should be worried about. A lot of people who voted for the face eating leopards are angry that they ate their faces, and jobs, and retirement savings, and the money they need to buy groceries and basic essentials, because they thought the color of their face and the red hat on top would keep them safe. Here’s what Republicans mean when they promote deregulation:
Allowing corporations who donate millions to their campaigns to produce unsafe baby formula in unsanitary conditions just to increase profits.
That’s not deregulation.
That’s corruption.
BREAKING: Trump’s tariffs — if sustained — likely to push the U.S. and globe into recession, says JPMorgan, $JPM
China announces rare metal controls, imposing export controls on samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium
Republicans and Democrats
As you watch your retirement savings plummet — remember that Republicans in Congress could stop all of Trump’s insane tariff taxes with a single vote. And they’re choosing not to.
Congress created this stupid situation by delegating so much power over tariffs to the president. (And then Trump exploited every loophole or vague language in the law to grab even more power.) It’s time for them to end this farce and take that power back.
Cory Doctorow
It’s not that the Republicans and the Democrats are the same…obviously. But for decades – since Clinton – the Dems have sided with neoliberal economics, just like their Republican counterparts.
If you’d like an essay-formatted version of this thread to read or share, here’s a link to it on http://pluralistic.net, my surveillance-free, ad-free, tracker-free blog
So the major differences between the two related to overt discrimination, to the exclusion of the economic policies that immiserated working people, with the worst effects landing on racial minorities, women, and gender minorities.
So the Dems stood against discrimination in mortgage lending – but not *for* the minimum wage that would have lifted the lowest paid workers out of poverty so the could afford a mortgage.
They stood for abortion rights, but *against* Medicare For All, which meant all women had the right to an abortion, but the poorest women couldn’t afford one.
And of course, in a country where racial and gender discrimination were still the order of the day, the poorest and most vulnerable Americans were racialized, women, disabled, and/or queer.
The Dems’ embrace of Reaganomics meant that working people of all types experienced steady decline over 40 years: stagnating wages, economic precarity, increased indebtedness, and rising prices for health care, education, and housing.
When Trump figured out that he could campaign on these issues, Dems had no response.
Trump’s “Make America Great Again” was meant to appeal to a time when working Americans were – on average, depending on their whiteness, maleness and straightness – better housed, better paid, and better cared for.
Of course, those benefits were unevenly felt: America was slow to extend the New Deal to racial minorities, women, disabled people, and other disfavored groups.
Trump’s genius was to marry white supremacy to economic grievance, tricking white workers into blaming their decline on women, brown and Black people, and queers – and not on the billionaires who had grown so much richer even as workers got poorer.
But Trump couldn’t have pulled this trick off without the Dem establishment’s total unwillingness to confront the hollowness of their economic policies.
From Pelosi’s “We’re capitalists and that’s the way it is” to Hillary Clinton’s catastrophic campaign slogan, “America is already great,” the Dems’ answer to workers’ fear and anger was, “You are wrong, everything is fine.”
Imagine having had your house stolen in the foreclosure crisis after Obama decided to “foam the runways” for the banks by letting them steal their borrowers’ homes and then hearing Hillary Clinton tell you “America is already great”:
(continued)
REPRODUCTIVE RIGHTS
Guttmacher Institute @Guttmacher
The Trump administration’s actions are causing serious harm to sexual & reproductive health & rights globally.
To protect people’s health and rights, the international community must act decisively. Read our new commentary in
@TheLancet: https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(25)00618-X/abstract
#MedicationAbortion is the primary method of abortion provision in most US states without total abortion bans.
This safe & effective method is also under attack by anti-abortion policymakers who want to undermine reproductive freedom.
National Latina Institute for Reproductive Justice @LatinaInstitute
The Supreme Court is hearing Medina v. Planned Parenthood—and the stakes couldn’t be higher.
At risk?
The right of Medicaid patients to choose their provider. If the Court rules against Planned Parenthood, millions could lose access to essential care. https://threadreaderapp.com/thread/1907390908565266631.html
BITCOIN
@BritishHodl
Stay away from people who are under the illusion that President Trump doesn’t know that asset prices are deeply linked to the final success evaluation of his Presidency. Bitcoin is going much higher.
This is the first time in my lifetime, and in most living investors lifetimes, that the global strategy is shifting from Globalism – to not Globalism. Globalism was a US export, and now it’s no longer advantageous for the US when you consider the coming advancements in AI and Robotics and the impending deflation in Labour costs. Therefore the US is happy to internalize it’s printing of Money to support it’s Treasury market vs exporting growth and relying those countries to buy US Treasuries. And probably happy to inflate the currency to support its own people. This is a drastic shift to Imperialism and thus the markets will be volatile while the details get shaken out as we shift abruptly to the new regime. Mark my words, this is not a Trump decision – this is a core decision for the strategy of America and has been decided. Trump is the bully that America needed to execute on this move. And he’s perfect for the role, but at the end of the day, this is a deep state decision.
My baseline theory on Trump Tariffs is this:
Objective: Normalise 10% tariff to access US market.
Which would be a 400%-500% revenue increase for the USA.
And the “reciprocal tariffs” are a shift of the Overton window to normalise 10% and negotiate away the reciprocals.
PAY ATTENTION TO MONEY MANAGERS
– Larry Fink has completely seriously looked the Davos reporter in the face and said “nobody should be surprised if Bitcoin is $700,000 a coin.”
– The United States of America has announced a Strategic Bitcoin Reserve.
– The Tariff drama uncertainty is about to end this week.
– @saylor has tapped tens of Billions of Dollars of capital to buy Bitcoin from a $300T fixed income market.
– Companies around the world are coming out to announce Bitcoin Treasury Strategies.
– Government Funds (Abu Dhabi) are buying Bitcoin.
– BlackRock has said Bitcoin could replace the US Dollar as reserve.
– The entire “C Suite” of the US Government hold Bitcoin, love Bitcoin, promote Bitcoin.
– The FED has reversed QT policy and is preparing for liquidity injection.
Stay focused. HODL.
STABLE COIN
Reintroduce the Securities Clarity Act.
Tom Emmer @GOPMajorityWhip
Today, @RepDarrenSoto and I reintroduced the bipartisan Securities Clarity Act to codify, once and for all, that, like the orange groves in SEC v. W. J. Howey Co., a digital asset is separate and distinct from an investment contract through which it may be offered.
American prosperity, ingenuity, and opportunity demand legal clarity. The Securities Clarity Act is one piece of that puzzle.
https://emmer.house.gov/press-releases?ID=6FAC3C5E-CA1F-47FF-A5DE-E8AE8F23F55C AND
https://emmer.house.gov/2025/3/emmer-reintroduces-legislation-to-provide-regulatory-clarity-for-digital-assets
MicroStrategy is hosting a bitcoin development conference sponsored by the Taproot Wizards with attendees from the DC BitDevs, Brink, Chaincode, Spiral and other startups / development hubs to discuss scaling limitations and challenges to Bitcoin.
If you own 1 Bitcoin
you are in the top 1% of the top 1%
of Bitcoin holders on Earth.
“The price action you’re seeing is short-term noise driven by institutional traders treating BTC like tech stocks,” Swan Bitcoin CEO Cory Klippsten told Decrypt. “But Bitcoin’s value proposition isn’t short-term gains. It’s the long-term exit from fiat. Bitcoin remains the hardest asset ever created.”
“The one thing that’s missing, but that will soon be developed, is a reliable e-cash.” — Milton Friedman
#Bitcoin is the answer he never lived to see.
Oldest Bitcoin Prediction
DOJ gets a settlement out of a fashion line tied to the House of Herrera–which founded the banking system in Venezuela
Fashion and beauty companies agree to pay $6.7M to settle False Claims Act allegations involving Paycheck Protection Program loans
https://www.justice.gov/usao-edva/pr/fashion-and-beauty-companies-agree-pay-67m-settle-false-claims-act-allegations