The Economy

The undeniable reality about Donald Trump is that he's an absolutely incompetent businessman, and his success and wealth have been built on various scams and the fact that he's a very effective con artist.

Perhaps the most successful con artist in human history.

Here's just a short list of some of Trump's business failures:

Trump Taj Mahal (a casino)
Trump Plaza Hotel and Casino
Trump Hotels & Casino Resorts
Trump Shuttle
GoTrump
Trump Vodka
Trump Steaks
Trump Water
Trump Magazine
Trump University
Trump Mortgage
Trump: The Game
Trump Airline

Now we can effectively add Trump Mobile to that list of failures as well, with Trump Media not too far behind, as that grift has gone from a stock high of $97 to $8.73 as of writing this on May 13, 2026.

The only success he's had has largely been based on marketing a lie. That lie being that he's a "massively successful businessman."

The Apprentice? He played a fake CEO with fake employees doing fake tasks, where he fake-fired them in a reality TV show designed around a cartoonish boss character meant to entertain audiences through trash television.

It was literally a show based on an incompetent CEO masquerading as a successful one based on Trump's reputation.

While he's won the presidency twice, both times his entire campaigns were built on lies.

Mexico didn't pay for the wall; he's never released a health care plan; he didn't "very easily" pay off the national debt; he never released his tax returns; he absolutely knew what Project 2025 was despite his repeated denials; he didn't "lower prices on Day 1"; he hasn't "ended inflation"; he didn't end the war in Ukraine "within 24 hours"; he didn't cut energy prices "in half" within 12 months; he did start the war in Iran he promised he wouldn't start; his tariffs were mostly paid for by American consumers; and even his immigration policy built on "most illegal immigrants being violent criminals" was obviously an absolute lie.

His current massive growth in wealth since he's returned as president has been driven by his crypto scam and his sons' abuse of his position of power to broker business deals with people who are looking to be viewed favorably by the President of the United States.

His wealth isn't increasing because of some "genius business expertise" — it's because he's an unethical, corrupt con artist who is in an extraordinary position of power to abuse for his own personal enrichment.

And boy, has he: $3 billion in net worth growth in just over a year.

The Trump Mobile phone is a prime example of just how inept the Trump family is when it comes to actual business success versus a scam.

I am a bit of a tech enthusiast. I know a lot about cell phones and cellular service. The moment Trump claimed he was going to produce a phone for $600 that would be "built completely in the United States," I knew that was complete bullsh*t. There was absolutely no way they were going to do that — because that's not how that industry works. And since its launch, all they've done is sell refurbished iPhones and other Android phones.

From the very beginning, I called this out for the scam that it is. Here's what I wrote the day it was announced on June 16, 2025:

"This is just another Trump Steaks, Trump Vodka, Trump — whatever. It's a branding grift to make money offering a low-end budget phone at a mid-range price, and a phone service that's nearly as expensive as a traditional plan that's really just your typical prepaid offering people can get for less than half the price through providers such as Visible or Mint.

It’s a con artist doing what a con artist is going to do: abusing his power as president to rip people off because he knows there are enough gullible MAGA cultists who will run toward this overpriced pile of junk just like they did his China-made Bibles and vastly overpriced cheap red MAGA hats."

Which is exactly what it turned out to be, as roughly 600,000 members of the MAGA base gave President Con Artist their $100 deposits for a phone that, even if it ever does ship, will not be built in the United States (they've already removed that language from the website) and will almost certainly be nothing more than a rebranded cheap Android phone anyone could buy online — probably built in China — for $200–$300 and then sell for more than double that.

That's what Donald Trump and his family are: marketing grifters looking for their next con to scam people out of money.

Ask the folks who enrolled in Trump University, another fraudulent venture where this president was forced to pay millions after defrauding people out of money.

Then there's the Donald J. Trump Foundation, which he was forced to shut down after he was caught stealing money from this so-called "charity" for his own personal use — a "charity" records show he hadn't even donated to in over a decade.

That's one of the main reasons why he doesn't want to release his tax returns. It's not just because he wants to hide his shady business dealings and exploitation of the tax system, it's that he doesn't want everyone to realize that despite all his big talk about his "faith" and how much he "loves and respects veterans," he hasn't donated anything to any church or veterans groups — because he's nothing but a pathological liar and fraud.

Give Trump credit: he's made a lot of money by being an incompetent con artist. Like I said at the beginning of this post, he might very well be the most successful con artist in human history.

A failed businessman who somehow convinced tens of millions of people he was a "massive success" despite practically every one of his businesses failing, multiple bankruptcies, and several lawsuits where he was sued for fraud.

And the truth of the matter is, for as successful a con artist as he's been, he's not really a good one. That's what's so incredible. It's not as if Trump hides the fact that he's completely full of crap. His rhetoric, propaganda, behavior, attacks, and conspiracies — it's always the same thing.

If he loses, it's "rigged."

If a reporter asks a tough question, they're "fake news."

If someone criticizes him, they're "low IQ."

If it's anything negative, it's never his fault.

If it's positive, he wants all the credit.

He's comically predictable — yet somehow, tens of millions of people simply don't want to face that reality. He's convinced them to believe the sky is red, and despite all his business failures, he's a "genius businessman."

Donald Trump has proven one thing: if you lack ethics and morals, shed any sense of values, and have the ability to bullshit just well enough to dupe the most gullible within society, you can be very, very successful — even if that success is built on nothing but pure, never-ending nonsense.

🤡
You are retarded!

Trump declaring bankruptcy was brilliant
 
The undeniable reality about Donald Trump is that he's an absolutely incompetent businessman, and his success and wealth have been built on various scams and the fact that he's a very effective con artist.

Yeah, DonOld is “a very effective con artist” - but consider the average intelligence (low) of his marks…

😳 😑 🤣

We. Told. Them. So.

🌷
 
Some business geniuses have failed and gone bankrupt at something, then prospered at another.

On the other hand, Trump has prospered at nothing except conning people to invest in crypto that promptly nosedives!
You forgot that he build buildings and made hundreds of millions
 
Wealth inequality is eroding every sector of the economy.

The housing market is starting to look K-shaped too

Demand for high-end homes has been booming, with sales at the $1 million-plus price point growing faster than any other part of the market. At the same time, sales at the lower end of the market — sub-$250,000 homes typically targeted by first-time homebuyers — have dropped in the past year.

In April, home sales at the over-$1 million price point were up 9.3% from a year ago, according to National Association of Realtors data. Sales of homes in the $250,000 to $1 million range were slower, and sales at the $100,000 to $249,999 level dropped 1.3%.
 
Wealth inequality is eroding every sector of the economy.

The housing market is starting to look K-shaped too

Might as well just call it the KKK shaped economy:


Search Assist

Yes, the K-shaped economy has highlighted significant disparities, with White Americans generally experiencing greater economic benefits compared to minorities. This trend is evident in the widening racial wealth gap and persistent higher unemployment rates for Black Americans, indicating that economic recovery has not been equitable.

😳 😑 🤬

WE. TOLD. THEM. SO.

🌷
 
USA LOSES Sweden Defense Contract - $4B to France/Sweden, Zero Dollars to America

🇸🇪 Sweden announced its largest single defense investment since joining NATO.
🇫🇷 The centerpiece is a major purchase of French-designed FDI frigates from Naval Group.
✈️ France is buying Saab’s GlobalEye surveillance aircraft, while Sweden buys French warships.
🛡️ Sweden is also investing in Gripen fighters, anti-drone systems, radar, and electronic warfare.
📈 Saab, Rheinmetall, Renk, and Hensoldt all surged as markets priced in Europe’s rearmament cycle.
🇪🇺 Across the continent, defense spending is rising sharply — and procurement is increasingly staying inside Europe.

 
USA LOSES Sweden Defense Contract - $4B to France/Sweden, Zero Dollars to America

🇸🇪 Sweden announced its largest single defense investment since joining NATO.
🇫🇷 The centerpiece is a major purchase of French-designed FDI frigates from Naval Group.
✈️ France is buying Saab’s GlobalEye surveillance aircraft, while Sweden buys French warships.
🛡️ Sweden is also investing in Gripen fighters, anti-drone systems, radar, and electronic warfare.
📈 Saab, Rheinmetall, Renk, and Hensoldt all surged as markets priced in Europe’s rearmament cycle.
🇪🇺 Across the continent, defense spending is rising sharply — and procurement is increasingly staying inside Europe.


A question:
Why did USA lose the Swedish contract?
Was it a given that Sweden should buy the goods from USA?

I thought USA wanted a stronger ally in Europe, that Rubio and Vance just want us to stand on our own feet?

A part of standing on your own feet is to secure critical infrastructure.
And I guess you could call the defence industry kinda critical?

So securing ourselves, making sure that the production will not get held back, that there will be no random cancellations, because we all work towards the same goal "being able to defend our union".

Then it is kinda logical that we invest our own money, in our own critical infrastructure, creating jobs and stimulating the economy.. in our own region.
Again, with our own hard earned money from the taxpayers themselves.

.... When you go out and buy things, you are free to choose which store to shop in.

We are just choosing the local shops.

Making Europe Great Again.
As your adminstration said they just wanted us to do.

😉
 
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Dow Rises 270 to Close at New 50,288 Record High​



Thursday, 21 May 2026 04:18 PM EDT

Jason Pride, chief of investment strategy and research at Glenmede, attributed ⁠volatility during Thursday's session to investor reactions to speculation about geopolitics.

"We're sitting at high levels of valuation partly driven by earnings," said Pride. "That overshadowed the concerns around Iran but now earnings season is largely over. We're not going to suddenly get any more good surprises out of earnings, which means that market attention is now back to Iran. The market, on a near-term basis, is going to be finding its way ‌based on rumors or actual announced deals regarding Iran."

According to preliminary data, the S&P 500 gained 11.54 points, or 0.16%, to end at 7,444.51 points, while the Nasdaq Composite gained ‌25.82 points, or 0.09%, to 26,296.18. The Dow Jones Industrial Average rose 278.91 points, or 0.56%, to 50,288.26.

More here: https://www.newsmax.com/finance/streettalk/stocks-dow-record/2026/05/21/id/1257109/

Bad news for MajorRetard.
 

Dow Rises 270 to Close at New 50,288 Record High​



Thursday, 21 May 2026 04:18 PM EDT

Jason Pride, chief of investment strategy and research at Glenmede, attributed ⁠volatility during Thursday's session to investor reactions to speculation about geopolitics.

"We're sitting at high levels of valuation partly driven by earnings," said Pride. "That overshadowed the concerns around Iran but now earnings season is largely over. We're not going to suddenly get any more good surprises out of earnings, which means that market attention is now back to Iran. The market, on a near-term basis, is going to be finding its way ‌based on rumors or actual announced deals regarding Iran."

According to preliminary data, the S&P 500 gained 11.54 points, or 0.16%, to end at 7,444.51 points, while the Nasdaq Composite gained ‌25.82 points, or 0.09%, to 26,296.18. The Dow Jones Industrial Average rose 278.91 points, or 0.56%, to 50,288.26.

More here: https://www.newsmax.com/finance/streettalk/stocks-dow-record/2026/05/21/id/1257109/

Bad news for MajorRetard.
If it weren't for the tariffs and the war, our stock market would be much higher.
 
FIFA World Cup DISASTER - Hotels Crash 80%, Fans Banned

The USA is systematically undermining the FIFA World Cup - it's turning into a disaster. Hotel bookings are actually down over normal

It's going to be maybe not catastophic but a disaster all round

 
The PCE inflation gauge shows inflation increased in April. 3.8%.

The Personal Consumption Expenditures Index rose 3.8% in April, in line with expectations and up from 3.5% in March. Excluding volatile food and energy prices on a so-called “core” basis, PCE was up 3.3%, also in line with expectations, and up a tenth from 3.2% in March. Still, that’s the highest level in two-and-a-half years.

The target rate is 2%.
 

Dow Rises 270 to Close at New 50,288 Record High​



Thursday, 21 May 2026 04:18 PM EDT

Jason Pride, chief of investment strategy and research at Glenmede, attributed ⁠volatility during Thursday's session to investor reactions to speculation about geopolitics.

"We're sitting at high levels of valuation partly driven by earnings," said Pride. "That overshadowed the concerns around Iran but now earnings season is largely over. We're not going to suddenly get any more good surprises out of earnings, which means that market attention is now back to Iran. The market, on a near-term basis, is going to be finding its way ‌based on rumors or actual announced deals regarding Iran."

According to preliminary data, the S&P 500 gained 11.54 points, or 0.16%, to end at 7,444.51 points, while the Nasdaq Composite gained ‌25.82 points, or 0.09%, to 26,296.18. The Dow Jones Industrial Average rose 278.91 points, or 0.56%, to 50,288.26.

More here: https://www.newsmax.com/finance/streettalk/stocks-dow-record/2026/05/21/id/1257109/

Bad news for MajorRetard.
We all know you're an ignorant twat who doesn't understand how the economy works, President Biden had 127 record highs in his 4 years.
 
First quarter GDP growth has been revised downward

Gross domestic product increased at a 1.6% annualized rate last quarter, the Commerce Department's Bureau of Economic ‌Analysis said in its second estimate of first-quarter GDP on Thursday. Growth was previously reported to have advanced at a 2.0% pace.

Rising inflation and falling full-time employment are naturally going to negatively impact the overall economy.
 
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