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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Bonefish who wrote (1535168)	4/24/2025 5:00:03 PM
From: sylvester80	Respond to of 1579702

BREAKING: Billionaire MAGA megadonor Ken Griffin incinerates Donald Trump over his disastrous tariffs and says that America has "has become 20 percent poorer in four weeks." Even hardcore Republicans supporters are running for the hills now... "The United States was more than just a nation. It’s a brand. It’s a universal brand, whether it’s our culture, our financial strength, our military strength …. America rose beyond just being a country," Griffin said at the Semafor World Economy Summit. "It was like an aspiration for most the world. And we’re eroding that brand right now." Griffin, the founder and CEO of the hedge fund Citadel, said that it can take "a lifetime to repair the damage that has been done" to our nation's reputation. "If you think of your behavior as a consumer, how many times do you buy a product with a brand on it because you trust that brand?" he said. "In the financial markets, no brand compares to the brand of the US Treasuries — the strength of the US dollar and the strength and creditworthiness of US Treasuries. No brand came close. We put that brand at risk." Griffin compared America to a luxury brand dressmaker who destroys their company by sinking into scandal. "You know, you can buy like a similar dress with no name for less money, but you want the dress that you think is going to not fall apart in two weeks,” Griffin said. "It can take a very long time — a very long time — to remove the tarnish on a brand." He went on to say that the deflation of the U.S. dollar coupled with chaotic and unpredictable economic policy and Trump's attacks on Federal Reserve Chair Jerome Powell is a recipe for disaster. Griffin then directly criticized Trump's destructive tariffs, saying that they will not lead to any kind of victories but will force those involved to "tread water and not drown." He also destroyed the absurd claim that the tariffs will somehow magically bring manufacturing back to the United States despite the Trump administration failing to incentivize such reshoring with robust subsides. "I’ll tell you what’s not going to happen is, people are not going to raise [money] to build manufacturing in America because with the policy volatility, you actually undermine the very goal you’re trying to achieve," said Griffin. He went on to point out the damage being inflicted on our relationships with our closest allies— "How does Canada feel about our country today versus two months ago? How does Europe feel about the United States today versus two months ago?" Griffin asked. "And some people scream, ‘Well, it just doesn’t matter.’ But you know what? It matters for a very profound reason. The entire Western world is engulfed in a debt crisis," he added. This is what happens when you elect an incompetent egomaniac with no understanding of geopolitics or the complex economic systems that hold the world together. Donald Trump operates on instinct and his instincts are always wrong.