Hats Off to Hands Off-and Stocks Collapse

Stocks Tumble as the People Rise

Most of the time it’s hard to see ahead of what will cause the economy to crash; there are simply so many unpredictable things that can happen in the world. Yet, in this case, we were not only told ahead of time, but given it in a campaign promise: sweeping tariffs and an end to the free trade system.

Even after all these years of dealing with Trump, it was still hard to believe he was serious, but as with so many things during this mae​lstrom of a presidency, even the outlandish of declarations has proven only too real. In just one week Trump has upended the world order by introducing massive, global tariffs of at least 10% on every country, sparking a global trade-war. The tariffs are not only extreme but, seem completely economically illiterate. Some reports suggest the “formula” was generated by AI prompt, meaning in 2025, our country apparently already being run by AI.

The big announce of “Liberation Day” by Trump has already caused a massive tumble in the stock market. Day-over-day it is already the 11th worst 3-day stock market performance in US history, rivaling 9/11, Covid, the Great Depression and Great Recession. From all appearances  the trillions of dollars already evaporated in wealth will not be the last lost, as Trump has doubled down on his support for his new tariffs, insisting that we need to “take the medicine” before the great things happen. Suddenly millionaires and billionaires - wealthy supporters in the donor class - are scrambling, surprised that they too have been caught in the crossfire of the Mad King.

The waves from these thrown rocks have yet to reach the shore, but it's clear that the shock to the system will be felt beyond Wall Street. Everyday people will suffer as prices for basic goods rise and job opportunities shrink along with demand. Adding to the pain, instead of much needed industrial policy to offset the cost of these tariffs, Trump is slashing existing programs. We have not even begun to feel the pain that will be wrought from the callousness and carelessness of this administration.

As usual, these life-changing decisions were done without input or consent from the American people who, before we’ve even felt the damage disapprove by 54% with Trump's tariffs, even with 77% of Republicans still standing by Trump. It’s a bit surreal to think that so many of these people stanning Trump, were screaming about Biden's economy. We will see how long they stay loyal after prices go up and don't come down, after savings are lost, lives are lost.

For many, the time is already far past, and people are already rising up. This past weekend over a million people marched in the streets in every state across the country. Marching against the fascistic and dictatorial takeover the Trump, Elon and his cronies are trying to effectuate. The chaos and Insanity caused by this tariff debacle it will only add fuel to the fire and as the damage is felt, outrage and bodies to the cause.

It also provides an interesting opportunity to potentially split the ruling class against itself over Trump’s actions. A divided ruling class is susceptible to pressure from and granting concessions to a united working class. We must use this opportunity to organize in growing solidarity, to make it clear that political and economic power needs to be joined together in service of the people, ensuring that we are not the afterthought in the chicanery of the powerful. So, join us each Tuesday in growing solidarity as we work to stabilize our world from the whims of a mad king and build a stable and prosperous economy and society for all.

Don't shop on Tuesday. #DSOT