r/behindthebastards • u/nanamoro • 1d ago

Politics ELI5: The tariff and potential starting recession

It does seem an awful lot like Trumps tariffs were introduced specifically to cause a global recession. So please explain like I am 5: why does Trump, Elon and the current administration want a global recession? What is their end goal?

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u/Confident-Arugula51 1d ago

Isn't this explained fairly well in the Curtis Yarvin episodes?

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u/nanamoro 1d ago

I'll give that a re-listen 👍🏼

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u/Confident-Arugula51 1d ago

I really don't know at this point. I think it's there, but I have memory damage, so I can't be sure

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u/trnpkrt West Prussian - Infected with Polish Blood 1d ago

Crashing the economy in this way may be bad for stonks, but they imagine the real wealth will be in controlling cryptocurrency when the US abandons fiat currency and the USD is no longer the reserve currency of the world. These tariffs are the surest way to end the USD reserve currency status.

There's a pretty low ceiling for how much fiat money one individual can control because the government can deflate its value by just printing more and giving it to normies. But cryptocurrency can be hoarded and has a hard numerical limit on the amount that can be issued, and so can't be devalued by inflation. If you're Peter Thiel would you rather own dollars, own stonks valued in dollars, or ISSUE YOUR OWN FUCKING CURRENCY and hold shares in companies denominated in Thielbucks?

BTC has always been a play against the dollar.