What preparations are you making before the economic collaps

If you replace x with twitter in the URL, it will embed automatically. 

I should read the thread first... I just saw it was already mentioned.

Walmart and Lowe's are preparing

www.cnbc.com/2024/11/19/walmart-says-new-trump-tariffs-could-raise-prices.html

You would think that after Mexico failed to pay for the wall they would know better.

What I really hope is that there is enough outrage and pushback that the tariffs won't happen. But who am I kidding? People are brainwashed and really think Trump is going to save them from inflation. It won't be just Walmart and Lowe's that raises their prices. Literally everything brought from overseas will have tariffs. Even if your shampoo and conditioner is made in the US, the pumps and plastic bottles are most likely not. So that will have a tariff that gets passed down to the rest of us.

We just bought a new dishwasher. We knew we would need to replace it sooner or later. The election just escalated it. We're looking at replacing our sofas. After that, we are focusing on building up our savings to prepare for a recession. And we will hope and pray that our house isn't hit with layoffs.

I see that RFK Jr wants to get rid of GLP-1 medication for weight loss. There are going to be a lot of people upset that they voted for Trump. 

Yes, there are many public service jobs being “disestablished” here (NZ), however it’s easy to just look at headlines without digging a bit deeper.  The number of public service jobs doubled in the last 20 years, and with such a small population NZ simply cannot afford to pay all those governmental salaries.  Many of them were “back-room” jobs - consultants, planners, analysts etc and so some of the money being saved is now being directed to the front face, the people who actually do the job of the various government departments instead of to people who talk about the departments’ jobs.  And many of the layoffs were never permanent positions, for example the Department of Statistics has had the biggest percentage of lay-offs and that is because the work involved in the latest census has now concluded, so the lay-offs were always going to happen regardless of which political party was in power.

Yes, lots of NZers are moving to Aussie, where they will get higher wages and salaries, and I for one don’t blame them - of course people want to maximise their earnings.  Part of the problem is that NZ is so small and so there is less money available for infrastructure, wages etc.  A very simple example of the effect a small population has on costs is with building a new road.  It might cost $100,000 to build a mile of road (just a figure plucked from the air, in no way realistic), and that cost is the same whether taxes from 5 million people pay for it, or taxes from 50 million.  If only 5 million are paying for that mile of road, they each need to pay far more than if 50 million are paying for it.

No, the government is not trying to redo the treaty signed by the Maori in 1840 - one part of the 3-way coalition government wants to ‘revise’ or clarify parts of it but that in no way means the government wants to!  I really can’t see Seymour's idea about it going ahead.
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Oh, and incidentally, we’re expecting a bit more trouble finance-wise….. We rely very heavily on exports, especially in the agriculture industry (meat, dairy, wool etc) and if one of our main trading partners was to put tariffs on what they buy from us, their internal costs will rise and so they won’t buy as much from us. 

But it’s what Texas wanted. They’ll end up doing those agricultural jobs. Giving Americans jobs! Picking fruits and veggies. Trump wants this type of America. Keep jobs in America being performed by Americans regardless. What do you do? 

Hi, I don’t know you and can’t tell if you’re being sarcastic. So I’m not sure how to respond.

miascraps said:
Stoop labor and service jobs are the new 'Black, brown and Latino citizen' labor force under TFG. He has stated that repeatedly during his deport all immigrants rants..

that certainly doesn't sound like the Republican mantra of 'capitalism and free markets' now, does it?!?

Hey, no worries, we'll just make our own plastics again because that's going to create the "black jobs". That's what "they" want to do, work in factories again like the "good old days"!

We'll make everything again, it'll be another Industrial Revolution. With another Gilded Age for the rich, including President Musk and his good friend Trump, et al.

Maybe they mean DC, but the thing is that the overwhelming majority (85%) of federal workers don’t live/work in the DC area. Maybe people think cutting the federal workforce significantly is a DC issue. It isn’t.

Thanks, you are correct. But that will only put them in better proximity to the fields and meat packing plants Elon apparently intends them to staff when the immigrants are gone.

Most of the people I knew working in the federal government got out his last term. If you recall he had 3 shut downs during his last stint in the Oval Office and waiting for paychecks to materialize whilst still working is stressful.

I have one other acquaintance who has been sending resumes out since beginning of October - they’ll get paid more in private sector anyway.

Anyone who works for the Federal government, or relies on government benefits should be working double time, to get their financial ducks in a row. Or if your industry depends on government employees, projects and programs.

Apparently, Elon, Vivek and others are enamored with Argentina's newish President Javier Milei. He is an economist, and Argentina had been suffering for decades from horrible hyperinflation and multiple defaults as a result of government overspending and money creation in the way some Americans *think* we have here, sometimes as high as 200%. So he instituted extreme austerity measures, and a ton of deregulations as an attempt to jump start the Argentinian economy. More private business, less government pulling the levers. In the year he's been in office, inflation has been reigned in, October was down to 2-3% from 25% when he took office. He did this by firing 25,000 federal employees, closing entire departments, with plans to increase this to 70,000, cutting projects, and running a buzzsaw through everything. Besides bringing monthly inflation down, poverty is soaring, Argentina is in recession, and civil unrest is growing. With little indication that the private sector is growing enough to pull the country out of it. So the jury is still way out on if this radical plan is successful.

However, this is apparently where all the inspiration for Elon and DOGE is coming from. But it's one thing to use a defibrillator on a patient whose heart has stopped, and quite another to use it on another patient that is generally healthy, but could use some BP, cholesterol or other meds, just because it maybe worked on the patient with no heartbeat. Anything we could imagine, and I think we'll still end up underestimating how bad things will get, if these people get their way. There will be lawsuits abound, but the courts take time and no guarantee they will resolve in a way that benefits average Americans, or all income ranges.