ChadT

I'm being a little hyperbolic here, but I think you can trace the rise of Trump all the way back to Rush Limbaugh. The right has become very good at propaganda and manipulating the american electorate. Limbaugh gave rise to Fox News and much of the right wing media we see today. Putin watched all this unfold and recognized it for the propganda machine it was. It doesn't care about truth. Only power and money.

About halfway in this vid Tom gets pretty detailed regarding how these tariffs actually break down. Pretty interesting.

Yeah, this one is gonna be bad, for sure. We will be lucky to avoid a depression. And that's if Trump reverses course fairly quickly. America's credibility could take a decade, or two, to recover from all this. And rightly so. We can no longer be trusted. We have elected an immoral clown. Twice! My hope is, this gets so bad, that it can no longer be ignored and excused by anyone, except the most avid Trump sycophants, and we truly learn the right lessons from all this. There is a chance some good can come from all the pain I fear we are about to feel. I haven't completely given up on the American electorate. This is showing in the markets now, but it's coming to main street very soon! And who knows, Trump could reverse on a dime tomorrow. Looking less and less likely, but it's not impossible. The republican rank and file in congress are already getting very nervous. Winston Churchill once famously observed that Americans will always do the right thing, only after they have tried everything else One thing I heard someone say about Schiff once that rang true... He has accurately predicted 23 of the last 2 recessions.

I was a Peter Schiff fan for a bit. Especially after the 2008 financial crisis. The problem with him is, he has been screaming the sky is falling for the last 20 years. Especially regarding the national debt. I admire his passion and reasoning though. He really believes it, and makes a pretty good argument.

Chess is still a good game for most people. Most people will never play it at the level Fischer is talking about. I've been playing chess my whole life, and I've only memorized a couple of very basic openings and some general theory. I think it has a lot of value in teaching young players basic logic and reasoning. At the highest level though, yeah it's a solved game.

The main reason Democrats lost is because Joe Biden ran for a second term. If he got out the way earlier and we had a healthy primary process to determine who to pass the torch to, I think we would have won. We only lost by 1.5% and Harris wasn't anyones first choice. I get why they had to go with her, and given the circumstances, I think she put up a pretty good fight. I'm not gonna hate on her, but if we had a Shapiro, or Beshear, at the top of the ticket, things would have went much different. Democrats do need to learn from this though. We need white working class voters. Not a ton, but way more than we are currently getting. Hell, Biden was MIA most of the 4 years he was in office. The president is the leader of the party. He needs to be out there making the case. Fighting the good fight. He didn't know where he was half the god damn time. This is on the people around him too.

If you are interested in investing and economics, this is the best YouTube channel / podcast out there imho. They do 4 different shows a week, with lots of guests. Tom Lee is the GOAT imo, well maybe after Buffett. Today's WAYT show was pretty good. Talked a lot about what they think Trump is up to.

Buffet has a good quote on this... "Be fearful when others are greedy and greedy when others are fearful." I'd offer some better advice for most people... Dollar cost average into a low cost S&P 500 index fund, consistently over your lifetime. Don't jump in and out and a keep buying, in good times and bad. Start as early as you can and preferably in Roth IRA's and 401k's. You almost can't lose, barring some apocalyptic shit, and then $ really doesn't matter anyway.

I 100% agree with you on this. For me the question is whether Rogan will eventually realize this. As a former fan of his, I still think there is a resonable person in there somewhere. It will be interesting to see if he can find his way back.

Sorry if already posted, but I thought this was brilliant.

Good article about Musk's transgender daughter. The Man is garbage. https://www.cnbc.com/2024/07/25/elon-musks-transgender-daughter-in-first-interview-says-he-berated-her-for-being-queer-as-a-child.html

@Danioover9000 Yeah, to be fair, there are some points where Joe does push back a little. A lot of the political stuff, less so though I thought.