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#8 | Posted by itchyp at 2025-04-07 12:58 AM
WE are winning! All of US! Say THANKS PWESIDENT TWUMP!!

The reason you think "we" are winning is because you don't understand the game, and in all of the excitement of "Winning!" you lost the sight of the end-game - you're just one of the "apprentices" who buy DJT "vision" and stock and meme-coins... and HODL until they eventually go to 0... just like suckers who bought into his "brand" before.

Your attention is being focused [by Trump] on the "battle of tariffs" while it's only a tool that's supposedly is going to solve the "problem" of "trade deficits" and, of course, at the same time to make the US "rich" by collecting huge tariff duties and revive and protect jobs in US "manufacturing" - these are supposed to be the end goals of the "game" according to Trump, no?

That assumes that 1. the USA only has "trade deficits" because it's been "taken advantage of / raped" by countries with high tariffs that make US goods too expensive to import; and 2. the USA can import enough goods that taxes / tariffs on them will compensate for shrinking real inflation-adjusted GDP and higher costs to consumers.

Both assumptions are demonstrably wrong, because, as I pointed out here (drudge.com), after decades of world-wide free-trade agreements (WTO and some bilateral/multilateral FTAs, like Mercosur, NAFTA/USMC or whatever Trump will want to call it next, etc.), we already have nearly tariff-free world trade.

98% of world trade is governed / covered by WTO and these FTAs. Tariffs are the red herring by Trump to "win" his usual Apprentice s**tshow for his MAGA cult.

ustr.gov - The United States has comprehensive free trade agreements in force with 20 countries, separate from WTO

en.wikipedia.org - [Incomplete] List of World's Multilateral and Bilateral Trade Agreements, Areas and Zones

Trump wanting to re-make most of them into bilateral agreements will change absolutely nothing in "trade deficits" and if, for example, we get ZERO TARIFFS with every country (YAY!), we'll have the same situation we have now - same high (or higher) "trade deficits" and no income from Trump's "External Revenue Service" and no "protection" for our manufacturing sector employment - IOW, this would not solve any "problems" he told you we have and would "lose" every one of supposed goals he told you he would accomplish using tariffs for "trade wars" and in the process alienate consumers and potential consumers of our trading partners and allies.

In fact, the best thing many of these countries can do is call Trump's bluff and hand him the "win" of ZERO TARIFFs immediately - it will either not make an iota of difference from current trade or will make "trade deficits" worse. Since "trade deficits" is a phony issue anyway, nobody (except maybe some US exporters) will notice or feel any difference, but at the end of the year the embarrassing numbers will show up. At least, that's the best case scenario for US economy.

Tariffs or not, you can't force people to buy from the source they loathe, given they have the alternatives. That's why Trump couldn't find contractors to work with him and banks to finance his ill-conceived short-term splashy "projects" and how his businesses went bankrupt.

How is that for "Winning!" the game you have no idea you're actually playing? Or maybe you're just being played and someone is screwing with your brain?

If you keep your eyes on the ball instead of chasing every "squirrel" or "shining object" Trump throws out, you might keep you sanity and your money. If not, you'll be just one of many Trump cult zombies.
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#2 | Posted by et_al at 2025-04-03 05:32 PM
Yeah, well good luck with dat.

Interesting recent development, from unexpected(?) source:

"The first known lawsuit against President Donald Trump's tariffs has been filed by the New Civil Liberties Alliance (NCLA) on behalf of a Simplified, a Florida-based home goods and stationary company, who is arguing that the president "unlawfully" overstepped his authority to impose the levies.

The lawsuit is challenging Trump's use of the International Emergency Economic Powers Act of 1977 (IEEPA), which requires extensive investigations before sanctions can be imposed. Trump has used opioid trafficking from China as a reason for the "emergency" tariffs against the country.

The lawsuit contends that Trump has not shown that his actions are "necessary" or tailored to address a drug trafficking emergency. In fact, lawyers note, Trump has said the actual reason for the tariffs is to reduce a trade deficit.

In any case, the IEEPA allows for asset freezes, trade embargos and similar sanctions, but not tariffs, the suit argues.

The law "authorizes presidents to order sanctions as a rapid response to international emergencies. It does not allow a president to impose tariffs on the American people ... Presidents can impose tariffs only when Congress grants permission," the suit states.

"Congress passed the IEEPA to counter external emergencies, not to grant presidents a blank check to write domestic economic policy," it states.

"In the IEEPA's almost 50-year history, no previous president has used it to impose tariffs. Which is not surprising, since the statute does not even mention tariffs, nor does it say anything else suggesting it authorizes presidents to tax American citizens," the lawsuit notes.

NCLA is a right-wing group with financial ties to Leonard Leo and the Koch network is aiming to halt Donald Trump's tariff plan.
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#12 | Posted by itchyp at 2025-04-04 05:08 AM
-Of course Congress want 'more power'. They can't peddle the influence without the power.
It's sort of their own fault for paying themselves only 174K+tip. Most can make more than that on just one selfdeal.

No, actually they want to claw the power back, as Congress should have never delegated it to Executive / President in the first place, albeit with good intentions - to facilitate rapid execution of it in case of "product dumping" at costs below export country's production and negotiating trade agreements - which have not caused problems, until Trump decided to grossly abuse it - just like he did with many other laws in his personal-business-political-scam_artist life, which got him impeached twice and should have put him in prison, if not for the gross incompetence of Biden, DOJ, federal and state prosecutors and help from corrupt judges and lawyers.

"In recent years, Presidents Trump and Biden have exercised an aggressive level of executive authority to raise tariffs on imported goods. Most of these tariffs have been implemented under broad authority delegated by Congress to combat unfair practices or national security. As a result, tariff revenue as a share of total tax receipts peaked in 2019 over the last eighty years, surpassing levels not seen since the mid-1970s."

Ah, mid-70s, when we last had [national] trade surplus... and high inflation + stagnant growth ("stagflation") and "malaise" - why not re-live those "good times"?

.
|------- The constitutional authority to levy taxes, including customs duties (tariffs), indisputably rests with Congress under Article 1, Section 8 of the U.S. Constitution. This authority is fundamental to the government's ability to fund its operations, including national defense, public services, and infrastructure spending.

Until the early 1930s, tariffs, like all other tax rates, were determined by Congress. The enactment of the Trade Act of 1930, otherwise known as the Smoot-Hawley Act, exposed some of the risks of imposing large tariffs to protect American workers. Smoot-Hawley Act imposed the second-highest tariffs in American history, targeting agricultural imports to protect American farmers. The act triggered a global trade war - by 1933, U.S. exports had fallen by at least 60% - and deepened the on-going macroeconomic crisis. This would also be the last act implemented by Congress to set tariff rates.

On the heels of this disaster, Congress began a decades-long trend of ceding the authority to lay and collect customs duties to the executive branch. Importantly here, Section 232 of the Trade Expansion Act of 1934 granted authority to the president to impose tariffs if imports were found to threaten national security.

The Trade Act of 1974 granted the president new authority to negotiate trade agreements and adjust tariffs, while also creating mechanisms to protect U.S. industries and workers. Section 201 provides a mechanism for the U.S. to protect domestic industries from serious injury caused by import surges, and Section 301 grants authority to the U.S. Trade Representative (a cabinet-level position) to take action against foreign countries that violate trade agreements or engage in practices that are deemed unfair. -------|
.

These kinds of far-reaching decisions should never be left to a single person, just like the right to Presidential pardon (which is unfortunately in the Constitution) which clearly leads to temptation and/or corruption, and needs to be abolished / remedied by Constitutional Amendment... which after what we saw it having been abysmally abused by Trump and Biden recently (but also by Presidents before them) should not be that difficult.
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#8 | Posted by itchyp at 2025-04-04 04:10 AM
OK I know how to settle this. Make the law to apply the same tariffs on the same products that other countries charge us.

Settle what? What "problem" is Trump (and you) are trying to solve?

For example, do you think Canada's 40M people should buy the same amount of "stuff" from US, as 340M buy from Canada. Also, in case you didn't know, excluding oil trade, USA has trade "surplus" with Canada. So, should the companies in the US buy oil somewhere else because Trump can't do kindergarten-level math?

Trade deficits are not the [national] problem - countries, for the most part, don't trade with other countries. People in the US, having for the long time the fortune of the world's largest economy and being prodigious consumers of US-made and foreign-made goods (which are often cheaper and/or better-made or have better/bigger/attractive brands that consumers want) keep buying more of smaller economies' goods, while people in smaller economies keep buying more advanced US services (USA has substantial service trade surplus vs the "rest of the world") and particular products (e.g., technology, military etc.) where we have what David Ricardo called "comparative advantage" (see Paul Krugman's excellent essay Ricardo's Difficult Idea - web.mit.edu - TL;DR: "Free trade good").

drudge.com

drudge.com - Is Trump Trying to Engineer a Recession?

Since 1980s we have been importing disinflation from other countries, initially too poor to buy our products (or debt), but growing and becoming richer and more capitalist in the process, e.g., "Made in" Japan, Taiwan, Hong Kong, Singapore, Malaysia, Indonesia, Philippines, India, China (since Deng Xiaoping), Vietnam etc., while at the same time supplying them with non-inflationary expansion of USD, thus maintaining / expanding "reserve status" of USD and promoting more trade, which increases our service and manufacturing, i.e., "expanding the global economic pie" rather than trying to grab larger share of smaller one.

98% of the world trade is governed / covered by WTO and/or other FTAs. Most tariffs are either on goods we don't sell in significant quantities in particular geolocation (governed by their specific rules, like medical content, trademarks etc. or there is no sufficient demand for import) or have been exempted for particular negotiated reasons and don't significantly affect either irrelevant [national] "balance of trade" or GDP - at most about 0.50 one-time increase in GDP - definitely not worth all the noise, let alone world-wide trade war which will alienate long-time trading partners, re-route major supply chains away from the [no longer reliable, if not outright "hostile"] US suppliers

How is that "abuse" and "rape" of the USA, when we have been the biggest beneficiaries of generally free trade?

Even CNBC's Jim Cramer, who has been against "free trade" and is for what he calls "fair trade" and tariffs, railed against Trump's idiotic trade war: www.thedailybeast.com - Jim Cramer Hits Trump With Kiss of Death as 'Liberation Day' Looms - 2025-04-01

So Trump needs to change the hard-won free-trade (aka "capitalism") world order (to our detriment) because Prof. Peter Navarro put a bug in Trump's hole in the head where brain should usually reside, and Trump thinks that he "invented" something new, that "no one has ever seen before." It also, along with trying to expand crypto's role in US economy (and self-dealing, as usual), jeopardizes "reserve status" of USD, with serious implications for US economic well-being.
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#10 | Posted by dutch46 at 2025-03-31 12:07 PM
As I read the headline, the image of a snake devouring it's own tail instantly came to mind.

Ouroboros. Interesting visual, but analogy is not incongruous, especially in financial engineering.

As I've said here before, Musk's purchase of "X/Twitter" entity was never planned to be stand-alone, but rather a leveraged stage 1 for merger with another platform, most likely with financial or sales component - trying to emulate the Chinese all-in-one apps/ecosystems like Tencent or Alibaba.

X/Twitter was never going to go public, but xAI most likely will, at high enough valuation (Musk "proposed" the combo of xAI and X is now worth ~$80B) - not bad for a glorified search engine chatbot, trained on X-"wisdom" and disinformation. For comparison, OpenAI just closed a round of investment at valuation of $300B.

Guess what happens when xAI goes public - all personal debt Elon assumed with the purchase of Twitter will become debt of public company shareholders, allowing Musk to participate in public company riches while "sharing" the huge debt with people buying the common stock.

This is EXACTLY, only on much larger scale, the scam Donald Trump pulled when he used his [father's] name and reputation for ~$1B in personal loans for 2 casinos that he was certainly going to default on, then folded one into DJT / Trump Hotels and Casino Resorts public company, then did the same with another one... and poof, his personal debt disappeared and became "property" of the unsuspecting suckers aka DJT shareholders.

www.congress.gov - As its stock collapsed, Trump's firm gave him huge bonuses and paid for his jet - WaPo, June 12, 2016 [PDF, 5 pgs]

|------- It was promoted as the chance of a lifetime: Mom-and-pop investors could buy shares in celebrity businessman Donald Trump's first public company, Trump Hotels and Casino Resorts. Their investments were quickly depleted. The company known by Trump's initials, DJT, crumbled into a penny stock and filed for bankruptcy after less than a decade, costing shareholders millions of dollars, even as other casino companies soared.

In its short life, Trump the company greatly enriched Trump the businessman, paying to have his personal jet piloted and buying heaps of Trump-brand merchandise. Despite losing money every year under Trump's leadership, the company paid Trump handsomely, including a $5 million bonus in the year the company's stock plummeted 70 percent.

Many of those who lost money were Main Street shareholders who believed in the Trump brand, such as Sebastian Pignatello, a retired private investor in Queens. By the time of the 2004 bankruptcy, Pignatello's 150,000 shares were worth pennies on the dollar. ...

Trump said he "made a lot of money in Atlantic City," adding, "I make great deals for myself." ... -------|

This is also what current DJT Media and Technology stock is - worthless vessel to "make deals" and transfer money into Donald's pockets, not to mention his family "legitimate" crypto ventures and meme coins to "create" and launder money.

The scam is repeatable. Ouroboros indeed.

Money for nothing and kicks for free
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"Hell hath no fury like a 'tribe' scorned."

Latest poll data on Elon Musk stuns CNN political analyst Harry Enten: "even MAGA voters are starting to get fed up with Musk"

"I have rarely ever seen any change of perception as dramatic as this one. I mean, Elon Musk's net favorable rating, it's dropped from +24 to -19 overall from 2017 to 2025. ... He used to be beloved by Democrats at +35. Look where it is now. -91 points on the net favorable rating.

That is a movement of over 120 points in the negative direction, falling through the floor. Now, among Republicans, he has gone up from +18 to +51, but that doesn't at all make up for the gap that the Democrats have completely fallen off the rails for Elon Musk, and among independents, that drop has been from +17 to -17."

... "I mean, you can see this in terms of new registrations for Teslas in the United States. Car registrations in 2024 versus 2023. ... Down 5%. I was interested, did that movement continue into the new year? Absolutely. If anything, it accelerated. ... New car registrations down 11 percent. And this has occurred as other EV carmakers have seen their registrations go up. And it has also occurred as Tesla's registrations and the people buying Teslas worldwide has also dropped. It's not just a U.S. phenomenon."

"Part of the reason is who buys EVs... The share of EV owners who are Republicans, just 20 percent. When you're falling with Democrats, falling with independents, you're giving up a large share of the market. And that is a big reason why Tesla is struggling..."

www.rawstory.com
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#100 | Posted by LampLighter at 2025-03-21 08:49 PM
Price-to-Earnings (P/E) Ratio: Definition, Formula, and Examples
...
The price-to-earnings ratio compares a company's share price with its earnings per share. Analysts and investors use it to determine the relative value of a company's shares in side-by-side comparisons.

Not really, sell-side analysts may do so, but not real (buy-side) analysts and investors.
www.investopedia.com

First, [trailing] earnings (E in P/E) could be and have been easily manipulated.

Second, reducing valuations to single flawed ratio which does not give a full picture of company's internals and future prospects and, therefore, stock value is a bad investing practice. That's why you may see a stock falling after earnings call when the "company beat the [projected] earnings" as the internals or guidance don't meet expectations.

Third, "forward" earnings is a conjecture, an average of projected company earnings for next fiscal year by sell-side analysts (whose job usually is to "not piss off the company's CEO and CFO" to keep company management interested in their firms' investment services, like loans, market making or underwriting new stock issuance, etc.) so is mostly an unreliable and very variable number, depending on data sources used and analysts' changing earning projections (and PTs) often during fiscal year.

.

#102 | Posted by LampLighter at 2025-03-21 08:59 PM
What does that mean?
Roughly speaking, the forward P/E of Tesla is about 10 times more than that of Toyota. So, investors seem to expect Tesla to grow ten times more quickly than Toyota going forward.
But, there's an interesting aspect in the numbers ...
The trailing P/E vs forward P/E for Toyota shows an increase, indicating that investors expect Toyota to increase its rate of growth in the future.
While, for Tesla, the trailing P/E vs forward P/E for [Tesla] shows an decrease, indicating that investors expect Tesla to slow its rate of growth in the future.

Apologies for the deep dive here ....

It's... wrong, upside down and the other way around.

First, rate of earning growth is a different and separate ratio - PEG (Price to Earnings Growth = P/EG ), not direct comparison between P/Es of companies, especially in different industries; e.g., tech sector stocks usually have higher PEG than car industry stocks. PEG of 1.0 means P/E reflects actual [trailing] earnings growth. Lower PEG usually indicates either a more attractive price or faster growth, higher PEG means overvalued relative to current or potential earnings growth.

TSLA was pushed as "high tech, high growth" stock, not as a car company.

Second, lower / decreased "forward" P/E means average projected Earnings are higher than "trailing" TTM (Trailing Twelve Months) Earnings relative to current Price.
Vice versa, higher / increased "forward" P/E means future Earnings projected to be lower than current / "trailing" relative to current Price.

TM --- P/E = 7.56 ..... FP/E = 8.70 ..... PEG = 0.35 / 1.54 (5-yr)
TSLA - P/E = 122.56 ... FP/E = 65.94 ... PEG = 4.61 / 3.02 (5-yr)

Anyway, "forward" P/E is basically a fantasy, TTM P/E is too flawed and superficial, to make any sort of investment decisions or comparisons based on them.
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By comparison, Tesla's value makes no sense. It offers nothing that Toyota doesn't also offer.

Tesla value never made any sense - Toyota's stock is cheaper and better not just on P/E basis (P/E alone is subjective, may depend on many factors so is not sufficient to determine relative value), but:
Toyota's gross, operating and net profit margins, ROI, ROE are all better than TSLA's (not even counting "carbon credits" which accounted for 68%-100% of TSLA EBITDA profits) and Toyota has 3+x sales of TSLA (85% of GM+Ford combined), yet its market value is only 1/3 of latest TSLA MV, and only 1/8x of TSLA price/revenue, even after TSLA lost more than half its MV from Dec. 2024 peak.

The only reason for absurd valuation was Musk hyped as the "man of vision" and Tesla as the "tech, not car" company, with sell-side "financial analysts" raising PT with rosy scenarios of new "fantastic" capabilities and treating it as a "futuristic" tech company, so TSLA stock was the only way hoi polloi were able to participate in that "vision", providing Musk with a private currency to invest in / buy other tech products (AI, FSD, robotics)...

That's why he was/is frantically looking to buy [real] companies / tech while this currency still has/had absurdly oversized value, and was protected from [and probably denied capital to] better, cheaper competition:

www.newsweek.com - Biden Doesn't Want Cheap EVs From China. What Does That Say About U.S. Climate Policy? - 2024-04-10
|------- "When I think about climate change, I think jobs." Climate policy, in [Biden's] view, is an opportunity to unlock more union-friendly, high-paying manufacturing jobs in climate tech like EVs and batteries. It's also a way to shore up political support in manufacturing-dependent states, such as Michigan. -------|

Where are UAW and Shawn Fain now? Players change, but the "game" stays the same:

michiganadvance.com - UAW's embrace of Trump tariffs could lead to disaster for its members - 2025-03-20
|------- "There's been a lot of talk of these tariffs "disrupting" the economy. But if corporate America chooses to price-gouge the American consumer or attack the American worker because they don't want to pay their fair share... The UAW is in active negotiations with the Trump Administration about their plans to end the free trade disaster. We look forward to working with the White House to shape the auto tariffs in April to benefit the working class. ... -------|

Meanwhile, record numbers of "working class" are defaulting on their auto loans:

www.bloomberg.com - Americans default on car loans at record rates - 2025-03-06

Elon may do just fine, especially after taking over government's resources:

www.washingtonpost.com - Elon Musk's business empire is built on $38 billion in government funding
|------- An additional 52 ongoing contracts with seven government agencies - including NASA, the Defense Department and the General Services Administration - are on track to potentially pay Musk's companies an additional $11.8 billion over the next few years...

Without the credits, Tesla would have lost more than $700 million in 2020, marking a seventh-consecutive year with no profits. With the credits, the company reported a $862 million profit. ... -------|
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Capitalism has not been good to Trump; capitalism was 'very nasty' to Trump; Trump 'failed at capitalism, very very quickly, bigly' and often... Peter Navarro stepped in with "neomercantilism" which appeals to Trump because it suits him to a T:

www.investopedia.com

www.econlib.org

* Mercantilism was the dominant economic system during 16th - 18th centuries
* Mercantilism was based on the idea that a nation's wealth and power were best served by increasing exports and reducing imports (trade surplus)
* It's characterized by the belief that global wealth was static and that a nation's economic health relied heavily on its supply of capital (due to rarity of precious metals)
* Due to the nationalistic nature of mercantilism, nations frequently used military might to protect markets and supply sources
* Mercantilism was replaced by free-trade economic theory in the mid-18th century

1. The Belief in the Static Nature of Wealth
2. The Need to Increase the Supply of Gold
3. The Need to Maintain a Trade Surplus

4. The Importance of a Large Population
5. The Use of Colonies to Support Wealth
6. The Use of Protectionism

"Of the false tenets of mercantilism that remain today, the most pernicious is the idea that imports reduce domestic employment."

.

Penny-wise, pound-foolish - lifetime outcomes of Trump's "deals" which destroyed many of his and others' businesses, capital and billions of $$ for gullible investors banking on his "brand" and fake cultivated ('Art of the Deal') "tough negotiator" persona, and financiers / partners / contractors wanted nothing to do with him when his "deals" unraveled.

He was always "Art of the Con" huckster, a fake "celebrity tycoon," bailed out time and again by money-laundering Russian government and mafia.

'Art of the Deal' writer Tony Schwartz - www.newyorker.com - 2016-07-25
|------- "I put lipstick on a pig. I feel a deep sense of remorse that I contributed to presenting Trump in a way that brought him wider attention and made him more appealing than he is." ...

If he were writing "The Art of the Deal" today, Schwartz said, it would be a very different book with a very different title. Asked what he would call it, he answered, "The Sociopath."

Trump appeared to have convinced himself that he had written the book. Schwartz recalls thinking, "If he could lie about that on Day One - when it was so easily refuted - he is likely to lie about anything."

"I play to people's fantasies. ... People want to believe that something is the biggest and the greatest and the most spectacular. ... I do it to do it. ... I like making deals, preferably big deals. That's how I get my kicks."
-------|

Trump wasn't even third candidate to host "Apprentice" - truly successful business people declined "reality TV" buffoonery.

www.nytimes.com - The Star-Making Machine That Created 'Donald Trump' - 2024-09-14

www.vice.com - The Long, Strange Beef Over Who Actually Invented 'The Apprentice' - 2019-11-14

www.newyorker.com - How Mark Burnett Resurrected Donald Trump as an Icon of American Success - 2018-12-27

"... Burnett has also spoken about his desire to make a television show with Vladimir Putin."
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** |------- The world's most popular artificial intelligence (AI) chatbots are infected with Russian Pravda Network disinformation.

Kremlin-Backed Disinformation Network "Pravda" Targets AI Chatbots to Spread Propaganda

A sophisticated disinformation network originating from Moscow, ironically named "Pravda" (Russian for "truth"), formed in April 2022, is employing a novel tactic to disseminate pro-Kremlin propaganda: targeting the data ingested by artificial intelligence chatbots. Rather than focusing on human audiences, Pravda floods search results and web crawlers with fabricated narratives and distorted information, aiming to contaminate the datasets used to train large language models (LLMs). This insidious strategy allows Russian propaganda to infiltrate the very core of Western AI systems, influencing their responses and potentially shaping public perception.

This targeted attack on AI was foreshadowed by John Mark Dougan, an American fugitive residing in Moscow and a known Kremlin propagandist. Dougan, speaking at a conference of Russian officials, asserted that manipulating AI narratives offered a powerful avenue for spreading Russian influence globally.

Pravda network, functions as a sophisticated laundering operation for Kremlin propaganda. ... The network spans over 150 websites in dozens of languages, targeting audiences in 49 countries. The sheer volume of content produced - an estimated 3.6 million articles in 2024 alone - underscores the scale of this operation. The world's leading AI chatbots have repeated false narratives trafficked by the Pravda network 33% of the time.

"By flooding search results and web crawlers with pro-Kremlin falsehoods, the network is distorting how LLMs process and present news and information" ... which results in massive "amounts of Russian propaganda - 3.6M articles in 2024 - are now incorporated in the outputs of Western AI systems, infecting their responses with false claims and propaganda."

The Pravda network achieves its impact through strategic Search Engine Optimization (SEO) tactics. Despite having minimal organic reach among human audiences, the network's focus on SEO ensures its content ranks highly in search results. This makes it more likely for AI chatbots, which rely on web crawlers and indexed content, to encounter and incorporate the network's disinformation. This underscores the need for more robust mechanisms within AI systems to identify and filter out unreliable sources, particularly those engaging in manipulative SEO practices.

The implications of this AI infiltration are far-reaching. By corrupting the datasets upon which AI models are trained, the Pravda network aims to influence the very fabric of online information. This poses a significant threat to the integrity of information ecosystems and underscores the urgent need for AI developers to implement safeguards against such manipulation.

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Data poisoning by Russian dezinformatsiya, then spread over by Putin's army of troll-bots... many of which are present on this site.

kcsgroup.com - Russian 'dezinformatsiya': the anatomy of Russian disinformation campaigns

* Throughout the Covid-19 pandemic, disinformation campaigns have been used to spread confusion and mistrust surrounding the virus, its origins and the safety of vaccines.

* It was revealed this year that President Putin has implemented the revision of history textbooks to reflect and justify the Kremlin's reasoning for invading Ukraine.

'Propaganda works best when those who are being manipulated are confident they are acting on their own free will.' - Joseph Goebbels
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#2 | Posted by oneironaut at 2025-03-06 01:18 AM
Sounds more like the French don't have a military, and have been riding on the US taxpayers coattails to provide social programs.

That's what happens when one ignores reality and simply repeats Trump's / Russian lies.

US has 43% of global arms exports, more than 4x of next-largest exporter, France, as Russian continue to fall behind.

.

Too bad they didn't spend their money to defend themselves, is that Americas fault?

They actually did spend a lot of money - buying US arms, which [BT] came with explicit and implicit "guarantees," and funds our defense industry R&D and manufacturing. If they have to spend that money on developing their own - this actually leads to the unnecessary wasteful arms race. It may not be as good as ours, but it only needs to be "good enough" to ensure that "Ukraine" doesn't happen to them.

Make America Go Alone has been a stupid idea 100 years ago... and we haven't learned the bloody lessons. America became great during and after WW2, but Putin's ------- is determined to piss it all away.

Sure, we can "take our ball and go home..." But that only means that other "kids" will eventually stop playing with us and we'll forego the opportunities to sell into one of the few industries where we [still] have the advantage, and have a "national trade surplus" - a superficial and irrelevant metric of country's economy, but one used by Trump to push his "beautiful tariffs."

That "defense" is net positive as it allows us to sell immense quantities of military goods and services, so much more than we "spend" on "their" defense comes back to us in POs... because they could rely on our R&D and production. It's an easy math. If that reliance / alliance stops, they will have to spend on their own defense but slowly yet surely we'll lose the market share to cheaper "good enough," and then your industry starts to shrink, like "Detroit"... "gradually, then suddenly."

Leadership has its obligations, but also has privileges - the "defense" role is huge in getting us not only good will, but with it a market share of goods and services - that's how it happened in Asia, as countries like Korea and India converted from mostly socialist economies.

Doesn't happen if you are transactional and only worry about "trade deficit," which really only serves to supply the counterparties with USDs which reinforces USD as "reserve currency" without domestic inflation and they, in turn, either buy US bonds/debt or buy goods and services (where we have a "national surplus") from the US... and all were happy... until Trump (and Peter Navarro) came along with goofy nonsense about "trade deficits" and tariffs as a way to "solve" them.

"Play stupid games - win stupid prizes." That's how Trump's businesses went bankrupt.

Trump is hell-bent on self-dealing and making sure that the US no longer is - and can't be relied on to be - a "leader of free world" - "America First!" In fact, his "strong-arm" tactics, language, and "tariff" games make him look no different than Putin to neighbors and [former?] allies. Long term, that's how nations and businesses lose their influence, power and wealth.

The people who can't or don't want to understand this "math" are either brain-damaged or get paid to spread Russian "Pravda" propaganda:

thehill.com - 10 leading generative AI tools advanced Moscow's disinformation and propaganda goals by repeating false claims from the pro-Kremlin Pravda network 33 percent of the time **

No wonder Trump named his website PravdaSocial.
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#16 | Posted by snoofy at 2025-03-07 11:24 AM
Any gain there is more than undone, just with the on-paper math, simply by factoring in the tariffs.

Ah, that "most beautiful word - tariff" ... another populist idea Trump stole from Democrats, who have been champions of tariffs as protectionist measure on behalf of unions... not that it actually worked to protect the organized American Labor (unions now are at ~10% total, ~6% private labor force), only making it more expensive and "pricing [some] US goods out of the global and domestic markets."

Trump's guru / influencer on tariffs is lifelong Democrat Prof. Peter Navarro.

At least, UAW bosses, as usual, approve of [Trump's] tariffs: "Tariffs are a powerful tool in the toolbox for undoing the injustice of anti-worker trade deals... [UAW] is in active negotiations with the Trump Administration about their plans to end the free trade disaster ... and looks forward to working with the White House to shape the auto tariffs in April to benefit the working class."

And tariffs don't solve the non-issue / non-problem of "national trade deficits" - just create disruptions and big "uncertainty" headaches for supply chain managers.

In a capitalist country / society, national "trade deficit" (bilateral or total) is irrelevant and is just an interesting statistic having no significant economic value (other than possibly tracking supply chains and bottlenecks), except in Trump's warped brain. Countries have very little direct trade between themselves - companies usually import and export goods, depending on supply and demand. For example, if you buy a Rolls-Royce for yourselves and Bentley or Mercedes for your mistress, does that mean the US now has a "trade deficit" with Germany, and "Germany" now has to buy equivalent $$ amount in goods from the US?

What's more, trade deficits not only do not lead to inflation, they help maintain USD "reserve currency" status and may help finance the US gov't debt, as China, Japan and many other countries have been doing until recently.

The US has a heavy equipment and service "trade surplus" with the "rest of the world" including China. Trade "deficit" is often a sign of strong economy and provide millions of retail and wholesale trade-related jobs, including in manufacturing.

Last time the US had "national trade surplus" was in 1970s - those were the "good times," right? "Malaise," stagflation...

www.cnbc.com - Stagflation fears bubble up as Trump tariffs take effect and the economy slows - 2025-03-04

scholar.harvard.edu - Truth About Trade Deficits / "Fake Problem" - [PDF, 3 pg] - October 7, 2018

www.cato.org - Ignore the Politicians: Trade Deficits Don't Really Matter - Aug 29, 2024
"This is a fallacious claim because trade deficits don't really matter - not between countries and not between you and your local grocery store."

apnews.com - How Trump justifies his tariffs " from budget balancing to protecting 'the soul' of America - AP, 2025-03-06

.

drudge.com :
"... We too often talk about trade while using the vocabulary of war. In war, for one side to win, the other must lose. But commerce is not warfare. Trade is an economic alliance that benefits both countries. There are no losers, only winners. And trade helps strengthen the free world."
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Is Trump Trying to Engineer a Recession?
Traders are starting to price in the possibility that the U.S. economy might fall into a recession - and one Wall Street veteran says that might actually be the Trump administration's plan.

Yes, he does. If recession is likely / has to happen "on your watch" (which seems more likely now) - then having recession as early as possible in your term is preferable, and may even be beneficial:

1. He could (and would) blame Biden (TFG) for the "horrible economy" and will claim that he "fixed it" when economy recovers.

2. Recessions come and go, inflations accumulate. Recessions are generally disinflationary, which could help his "inflation fighter" image.

3. Recent recessions have been short in duration, due to either very generous "stimulus" packages and/or The Fed rapidly lowering interest rates to stimulate business and consumer borrowing and depress savings rates, which in theory should encourage and lead to higher spending, helping the economy recover quickly, but in current environment of Trump's "unpredictability" and consequent general business "uncertainty" the Fed may have a dilemma of lowering Fed rates quickly and risking another bout of higher inflation, which has picked up in recent months. But then he could / would blame the Fed for it.

4. He wants to bring down the USD versus other currencies which [he hopes] could boost exports and reduce borrowing costs and so-called "trade deficit" - there is even talk about "Mar-a-Lago Accord" promoted by Bessent (an obvious copycat attempt of Reagan's 1985 "Plaza Accord" / 1987 "Louvre Accord," with a 'tariff twist' and personal side-benefit of 'Mar-a-Lago' enshrined in economic history) though I doubt it would be successful.

More likely it would backfire and be harmful, like tariffs and bullying of US trading partners / allies, especially on issues that have nothing to do with balance of trade, making the pretext of "trade deficits" obviously false:

www.forbes.com - Why Trump's 'Mar-A-Lago Accord' Would Financially Matter To You - 2025-02-23

www.morningstar.com - Wall Street can't stop talking about the 'Mar-a-Lago Accord.' Here's how the currency deal would work - 2025-03-03

en.wikipedia.org - Plaza Accord
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The key is here:

FTA: |------- Trump's fascination with autocrats generally and Putin in particular has been well documented for more than a decade. In 2013, he posted on social media that his hosting of a beauty pageant in Russia might win him Putin's approval.

"Do you think Putin will be going to The Miss Universe Pageant in November in Moscow - if so, will he become my new best friend?" he wrote.

That was followed by years of attempts to build a Trump Tower in Moscow - an effort that continued straight through his first run for president in 2016, it came out later. Trump asked for Russian help to defeat Democrat Hillary Clinton that year, and then knowingly used the hacked and stolen emails that Russian spies released during the final month of the presidential campaign.

Then, as both special counsel Robert Mueller and the Senate Intelligence Committee investigated Russia's role in his victory, Trump eagerly bought into a conspiracy theory concocted by Russian operatives that - contrary to the U.S. intelligence assessment that Russia helped Trump win in 2016 - it was actually Ukraine that had tried to help Clinton win.

Trump sent his personal lawyer, Rudy Giuliani, to Ukraine to collect evidence - an effort that ultimately led to Trump's attempt to extort Zelenskyy into announcing an investigation into the Democrat he most feared in the 2020 election, Joe Biden, using U.S. military aid as leverage. Trump was ultimately impeached for that act, but the Republican-led Senate declined to remove him from office.

Trump's personal antagonism toward Zelenskyy, perhaps stemming from that episode, seems to have continued unabated...
-------|

To paraphrase Corleone, for Trump "It's not just 'business,' it's personal."
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#38 | Posted by brass30 at 2025-02-25 10:06 PM
So break this down for me. ... Ukraine is giving something, I assume they get what in return? And is Ukraine simply giving up the land lost in the war?

It's a nothingburger, PR opportunity for Trump. No one is getting anything of real value, it's MOU - Ukraine is not getting a defense guarantee and is only giving "access" to REE mining in the areas that are now occupied by Russia - just as agreements with financial firms like BlackRock and JPM and several E&P companies to develop gas fields and help post-war reconstruction, signed before and after Russian invasion.

Just another Trump's Apprentice s**tshow to stroke his ego, after his opportunistic extortion offer bombed ("Can't blame a guy for trying, right?") He will sell it as a "great win and looking after the American people."

Putin is selling Trump the same "access" to the same REEs in "new territories":

www.newsweek.com - Map Shows Ukraine's Rare Earth Minerals That Putin Wants To Sell to Trump (!)

www.newsweek.com - Ukraine Defies Trump As Zelensky Unanimously Backed

.

#37 | Posted by Corky at 2025-02-25 10:05 PM
In the news, as it turns out, there's something else going on here. The 'valuable minerals' were said to be valuable by Russian studies decades ago using antiquated techniques. Also, experts say it could take that long again to extract enough material to make it worthwhile.

REEs are not rare. www.usgs.gov - USGS | Rare Earths Statistics and Information

www.usitc.gov - Recovering Rare Earth Elements from E-Waste: Potential Impacts on NdFeB Magnet Supply Chains - October 2024 {PDF, 41 pg}

With BEVs and "renewable energy" losing their popularity (b/c batteries are expensive and don't "save the planet" from "climate change," among many other issues) the need for and prices of many REEs have been dropping almost as fast as the price of Bitcoin, DJT, $TRUMP and $MELANIA.

e.g., REE-adjacent Li: carboncredits.com - The Lithium Paradox: Price Plummet, Supply Surge, and Demand Dip? - September 16, 2024

China is dominant in production, but from 2019 to 2022 the US was the world's largest global exporter of REEs.

More valuable than actual supply and extraction is the processing / separation of REEs from ore (like oil refineries for crude) where China has distinct advantage because it invested in that.

KoBold Metals, a company funded in part by Bill Gates and Jeff Bezos, has been looking for suitable new REE mining locations in Greenland for 2 years, but is currently more interested in African locations. Large potential deposits have been recently found in Wyoming, Canada, Norway...

According to a 2022 report, Ukraine has ~5% of the world's mineral resources, including 22 of the 34 "critical" - lanthanum, cerium and erbium, etc. - and has ~500K tons of lithium reserves, and 20% of the world's graphite, used in nuclear plants. Russia currently controls about 20% of Ukraine where possibly 40% of metal resources are located.

public.flourish.studio - World's map of known mineral deposits (JPG)
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#8 | Posted by lfthndthrds at 2025-02-24 09:33 PM
#9 | Posted by lfthndthrds at 2025-02-24 09:34 PM
What has Ukraine ever done for you? ...
Because they're broke --- ------- who cant even afford themselves? Just an idea to ponder...

Have you and Tucker Carlson** been coached together? Because this is one of the stupidest talking points that Russian assets club of "Make America Go Alone" use to deflect from dictator Putin invading Ukraine to subjugate it, erase national identity and fold it into "glorious Russian Federation Empire" before moving on to subsume other countries ... "because they're broke --- ------- who can't even afford to defend themselves. Just an idea to ponder..."

** https://www.butterfliesandwheels.org/2022/a-mere-border-dispute/ :
TC: "Has Putin ever called me a racist? Has he threatened to get me fired for disagreeing with him? Has he shipped every middle-class job in my town to Russia?" Carlson said
as he then recited a rightwing tip sheet of pet causes.

So we know what Putin has done for "private messenger" Carlson - in addition to not calling him racist, he "educated" him on Russia-Ukraine "history" in the Moscow interview, and (instead of taking him hostage) let him have a tour of subway and "univermag" (department store/supermarket).

We know what Putin has been doing for his bully asset (aka "man of peace") Trump.

What has Putin done for you?

Czechoslovakia, Poland, Finland, Baltics "have done nothing" for UK and the USA in 1938-1939, so Neville Chamberlain came back from Munich with "Peace for our time" surrender and Molotov-Ribbentrop signed non-aggression Pact - how did that work out?


What message does this send to Taiwan or other Asian "for now" ("for sale?") allies? What confidence do they have that Trump won't sell them out "for peace or treasure" the same way he sold out Kurds and Ukraine?

If anyone has fantasies of the US becoming "great again" going it alone ("America First" / No to "globalism") and divide the world with brutal dictators, then you don't know there has been a very bloody and expensive history of it not that long ago - it would be a very Cold World for the "isolated Americans":

https://time.com/7006686/history-america-first-dawes/ - History Shows How Dangerous 'America First' Really Is - September 10, 2024

https://en.wikipedia.org/wiki/America_First_Committee - America First Committee

https://en.wikipedia.org/wiki/Paul_Tatum - Paul Tatum (doing business in Russia)
"This is entrepreneurs' heaven. There's no telling how quickly [Russia] could develop and how much it could look like the United States in a very short period of time." - Paul Tatum in 1994... gunned down in Russia in 1996.

TrumPutin wants the USA look like Russia.

https://www.washingtonpost.com/opinions/2025/01/31/russia-ukraine-rubio-trump/ - Counting up the costs if the U.S. chooses to lose in Ukraine - January 31, 2025

This is about the future - not "globalism" or transactional "who has done what / how much for whom" in the past.
Not getting the vibe yet?
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Argentina's President gets Impeachment Calls after Promoting Cryptocurrency

$WLFI, $TRUMP, $MELANIA, $LIBRA... - from "Crypto is a scam" to "Hey, crypto is a scam - I like it! Liquid gold! Crypto capital of the planet! Strategic Crypto Reserve! Sovereign fund!"

$LIBRA co-creator, market maker and "facilitator" Hayden Davis (a. Kelsier) who bragged "I control that n***a. I send $$ to his sister [Karina Milei] and he signs whatever I say and does what I want" revealed that insiders were able to buy into $TRUMP coin pre-ICO at "special access" dinner in DC... and confirmed that $LIBRA is a clone of $MELANIA and some other dodgy coins ($ENRON, $AIAI, $BOB, $M3M3/"Meme Launchpad"...) He also admitted that the team was sniper trading both $LIBRA and $MELANIA.

.

Eric Trump's tweet on eX-Twitter ("In my opinion, it's a great time to add $ETH. You can thank me later. " Eric Trump (@EricTrump) February 3, 2025) pumped $ETH over +35% in a day, after WLFI (Trump family-affiliated crypto investment firm / slush fund) accumulated 1826 $ETH before. "You can thank me later" part of the post was deleted shortly after... just like Milei deleted his post few hours after promoting $LIBRA.

He also tried to do the same pump with Bitcoin, which is also held by WLFI, but $BTC didn't move... Maybe BTC is bigger than Eric?


Eric Trump is also pushing for 0% cap gains tax for US (?) crypto "projects" (XRP, HBAR...), while Ted Cruz is fighting IRS about DeFi reporting rules.

.

Meanwhile...:

Bukele's El Salvador experiment with Bitcoin as legal tender is over, despite large number of the unbanked and installation of hundreds of Bitcoin ATMs. Beside many technical issues with rollout, it was never widely adopted (only 20% downloaded Chivo to get initial grant of $30 in BTC; ~6% of population used more than 3 times a year), and Chivo was hacked several times. IMF agreed to loan $1.4B (that much!) on condition that Chivo is sold or shut down, taxes paid in USD (not BTC) and private sector no longer mandated to accept BTC. Sorry, volcanoes.

.

In [un]related news:

Oculus Rift creator Palmer Luckey's defense company Anduril takes over multi-m/billion DoD contract for HoloLens IVAS project, transferred to them by ODM Microsoft... as predicted in November - Palmer is BIL of Matt Gaetz.
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#19 | Posted by shrimptacodan at 2025-02-16 08:34 PM
wait until you dopes see the theft and graft coming from congresswoman Jasmine Crockett..
pit this week. ...IRS is gonna want to see her shjvt.

So what you're acknowledging here is that DOGE really is Musk-run hacker organization, weaponized specifically to look into IRS files with the goal of finding dirt on people in Trump's "enemies list" and even disseminating it online (most likely using Trump's own eX-Twitter - the cesspool of propaganda and fake "news"), to intimidate or embarrass them?

...

BTW, your / DOGE / Musk's / Trump's effort of shjvt-spreading misfired miserably already:

atlantablackstar.com - MAGA's Smear Campaign Backfires Again As Jasmine Crockett Shuts Down Absurd $9M Net Worth Claim from DOGE Fan Page - The outspoken Democratic representative from Texas is on the defense once again, calling out the latest slander against her as "dumber than bricks.":

|------- ... Clearly, her attackers are throwing everything at the wall to see what sticks " and for now, they seem to be having a difficult time of it.

... Just last week, disgraced MAGA influencer Ryan Fournier spun an elaborate lie that Crockett illegally diverted $500,000 of government funds to her "husband." For the record, she's not married, and Fournier quickly deleted the post once she called him out on social media.

... "All the while Elon is robbing the country blind... stealing from your farmers, grannies, and children, all while somehow getting hundreds of millions more in government contracts," she wrote, adding, "But y'all outraged about a easily disprovable lie and unfazed by an absolutely undeniable corrupt truth."
-------|

You should know better than trying to find diamonds in a sewer.
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#13 | Posted by Maverick at 2025-02-16 11:26 AM | Reply
Under Dems leadership I can assre you the IRS went over Trump's tax returns with a fine tooth comb

Thanks for your "assurance" that they have already been "audited"... so, if they are no longer "under audit" why couldn't/can't we see them? Every other president had no problems producing them.

You know, in the name of "transparency" - that's what DOGE is supposedly doing, according to "very very special government employees" (Musk and Trump) and a number of other undisclosed "special" DOGE people (like "Big Balls" who had previously been fired for leaking sensitive info from cybersecurity firm to competitor) who are apparently excluded from "transparency" because "they themselves can decide" who has or doesn't have conflicts of interest, needs or doesn't need security clearance, who gets "divine forgiveness for 'human errors'" - applied by "very very special government employees" only to "very special government employees," but not real government employees or non-government employees/non-employees or...

transparency - the quality of allowing light to pass through so that objects behind can be distinctly seen; the quality of being easy to perceive or detect

It's quite transparent that transparency is the last thing on Trump's, Musk's, "MAGA" minds.

Trump's tax returns again, they were already stolen / leaked for all to see

Oh, don't play dumb and deflect. One "stolen (?) and leaked" return (which wouldn't be necessary if Trump were "transparent") from many years ago now constitutes "transparency" and we don't need to remember, ask or mention Trump's tax returns "under audit"? That's from/by a known conman who constantly talks about "corruption," "fraud" and "criminality" of anyone who doesn't sing praises to "their favorite Emperor" - who apparently "has no clothes" according to one 4-year old who saw him up close and personal in the Oval Office?

----

www.washingtonpost.com - It's too late for progressives to be careful what they wish for
Progressives sought an ever more powerful presidency. Now, to their horror, they have it with Trump.
- WP, 2025-02-12

www.washingtonpost.com - On the bright side, maybe Democrats and Republicans will be chastened
Trump's spree holds lessons for Democrats about presidential power and for Republicans about trade.
- WP, 2025-02-06

www.washingtonpost.com - A new version of Trump derangement syndrome'
Progressives overreacted during the first Trump administration. The president's supporters should not fall into a similar trap.
- WP, 2025-02-10
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Drudge Retort
 

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