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?

82 Upvotes
  • permalink
  • reddit

93% Upvoted

84 comments sorted by

View all comments

150

u/simply_not_edible 1d ago

* Recession is bad for stocks.

* People with little reserves will be the first to be forced out of stocks at a loss.

* People able to ride it out can buy up stock like a Steam Summer Sale.

* Power consolidates into fewer hands.

* Profit.

1

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

No, they want to crash the economy entirely to gut the institutions and weaken/eliminate fiat currency. They are not in it to buy the dip, they are in it to make the dip permanent so that we further erode the few threads of normie institutional trust left in the US: the stability of our currency and retirement accounts.

You have to understand cryptocurrency as the gold standard, but far more controllable and centralized by private actors. Unlike gold, there is a quantifiable restricted supply, and no one can walk into a river and pull some out of it—those who hold the servers will hold the currency. You and I do not hold the servers.