Bread & Circus News

Category: Trade and Tariffs

  • EXPOSING the $1 trillion great American heist

    EXPOSING the $1 trillion great American heist

    EXPOSING THE $1 TRILLION AND COUNTING GREAT AMERICAN HEIST. A massive wealth transfer happened in 2017 (and extended in 2025 through the “big ugly Bill”). Donald Trump gave a massive tax break to corporations and the top 10% earners. Due to his massive handouts, the “free stuff” he gave to the elite class, since 2017 they have collectively pocketed about $1 TRILLION DOLLARS. They didn’t just get more money from Trump — they got several TIMES more.

    GET THIS:

    For every $10 the elite class pocketed, the average middle-class person got only $2, and a lower income person got $1 or less. WTF??????

    So even though everyone technically got a tax cut in 2017, the gap in benefits is massive. It was clearly and without a doubt massive wealth transfer to the upper class that has cost everybody else dearly.

    And for those people who are tempted to respond “this is how the economy should work, give the tax breaks to the upper class and they will “trickle down” their profits to the rest of us.” You stand corrected. Don’t even bother. Do some actual research before you weigh in on matters you don’t understand.

    I will do a little research for you. “Trickle down” economics does not work in the age of greed and anarcho capitalism in which companies are no longer held responsible for doing the right thing. If you do the research on this, you will find that the wealthy class did not “trickle down” their savings to anyone. They did not even create more jobs. They actually bought their own stock back. Read that again.

    THEY BOUGHT THEIR OWN STOCK BACK.

    They also automated more jobs.

    They also outsourced more jobs.

    They also imported more H1B visa workers with the tax savings so they wouldn’t have to pay American employees full wages

    They also bought more homes as investment properties and invested in businesses that only benefited themselves and actually put other businesses out of business.

    That’s how unchained GREED works.

    Don’t confuse anarcho GREED with American capitalism. They are not the same things. Capitalism without any governance and oversight is not capitalism. It’s theft. Point blank end of story.

    The age of “corporate goodwill” never existed. The reason it was ever even a thing is because the government used to hold companies and upper earners accountable and charge them much higher tax rates. Not anymore. Not in the new age of Trumponomics that hands silver and gold to the upper class and throws peanut shells to everyone else (and then throws a fit and accuses them of being ungrateful anti-Americans if they don’t bow down and kiss their feet and thank them for the peanut shells).

    (By the way, how did the Republicans trick the people into thinking that this was a good system? They scared them. They told them if they didn’t do this massive wealth transfer that Marxism would take over their country. They tarred and feathered anyone who said they were being greedy and unfair, accusing them of being socialist, communists, an anti-Americans. They were projecting).

    And if you are one of those people whose 401(k)s are “kicking ass,” congratulations. You are reaping the rewards of the corporations in your stock portfolio decreasing their costs through the replacement of your family members’ and neighbors’ jobs with AI and other shrinkflation, etc. methods. “Git it while they’re gittin’s good” as they say. Enjoy the fruits of our labor. but don’t patronize us with some bullshit like “this is how the economy is supposed to work.” We know better. And whatever you do, don’t try to pass it off as sound, just, and ethical economic leadership for the people. We will laugh in your face.

    MJ

  • $15 PER MO FOR TECH SUPPORT? WHAT GOLDEN AGE??

    $15 PER MO FOR TECH SUPPORT? WHAT GOLDEN AGE??

    Notice how suddenly the days of corporate grace and goodwill are completely over? No more deep discounts. No more two for ones. Definitely no more free anything.

    What happened?

    Two things: 1 GREED, the hearts of most have waxed cold; 2 conpanies have razor thin profit margins due to the insane cost of labor, material, and now tariffs, so they are in protectionist mode and pinching every single fraction of a penny they can for absolute maximum profit. Forget “nickel and diming us,” they are literally squeezing us to death.

    Moreover, what used to be part of standard service is now considered an “extra.” Case in point. I just signed up for a new cable service. The representative tried to sell me on a bunch of extras. One of them was “tech support.” I asked him what that entailed. He said “if you have technical problems, you can call us and we will help you solve them.”

    Huh? Admittedly I was confused by this because tech support has always been included with basic service. But nope. Now they charge $15 per month for you to have the privilege of getting help from them when their cheap and buggy products break. Let that sink in.

    Serious question: Do you think this is the golden age for we the people? It’s not.

    Let’s get real. The golden age for “us” (meaning the majority of the people) is 100% OVER.

    The only reason they (meaning the people in power, and all of their proxies and investors ) are telling us this is the golden age is to keep us wishing on a star so we don’t revolt.

    Notice they keep promising but never delivering. The image with this post graphically represents what is happening: They keep promising that the road will be built, and they want us to keep investing money into the road, and they keep telling us how great the road will be, and even posting AI generated images of what it will look like, but they never actually build it.

    The truth is, they are selling us vaporware. They are never going to deliver on any of their promises. they will throw us some pretzels and peanuts now in them, but never steak and potatoes. They are simply buying as much time as possible to enrich themselves as much as possible before the total tech takeover is complete.

    I know it is tempting to think “at least they are not as bad as the Democrats,” but that is not the truth. They are also corrupt, if not more. The Democrats sold us out to their fav companies and international special interests, the Republicans are selling us out to their fav companies and special interests. Both sides are corrupt, and both sides are not for we the majority of the people.

    Also, don’t fall into the trap of thinking just because things are going well for you right now that they will keep going well for you. They (meaning the people in power and all of their proxies and investors ) are executing a multi step TAKEOVER plan. They just haven’t got to you yet. Rest assured, your number is coming soon. There will be no dry staterooms on this sinking ship.

    Wake up before it is too late. Oh, and buy my book on Amazon: TOTAL TECH TAKEOVER to see what is coming next if we don’t resist.

  • Wholesale and producer prices soaring, consumers feeling the heat…

    Wholesale and producer prices soaring, consumers feeling the heat…

    Welp, even with a brand spanking new Bureau of Labor Statistics chief, Trump is not getting the news he so desperately wants. The economy is still shrinking, and now wholesale prices are up far higher than Wall Street expected. This is bad news for consumers

    From CNN Business backed by BLS report :

    “Costs were sharply on the rise for producers and manufacturers in July, a sign that higher prices could soon filter down to American consumers. US inflation on the wholesale level picked up steam last month, with prices rising by the fastest monthly pace since June 2022, new data showed Thursday.

    The latest Producer Price Index, which measures the average change in prices paid to producers, jumped 0.9% from June, lifting the annual rate to 3.3%, according to Bureau of Labor Statistics data. PPI serves as a potential bellwether for the prices consumers may see in the months ahead.”

    Then again, the numbers could even be worse because we know the Trump admin censors information and statistics that are not favorable to him.

    Here’s another troubling sign. The producer price index is also way up. And if you exclude energy and food from it, it is up almost 4% to 3.7%. It means manufacturers who produce goods are paying higher prices than they ever have. And of course, they will pass those costs onto us, as well all the companies who are paying Trump insane tariffs. More bad news for consumers.

    Then again, as I’ve said many times, you don’t need government reports to tell you what’s really going on with Main Street economy, which, for the record, is not the same thing as the Wall Street economy, especially when you understand that the Wall Street economy is being held up by technology and energy companies. just compare the prices you are paying for groceries now compared to the prices you paid this time last year. I guarantee they are significantly higher. Beef alone is up 15 to 20% depending on where you live.

    It’s also noteworthy that gas prices are oddly falling again. Why now? Trump has had eight months to bring them down. I have a theory. When gas prices come down it is factored into the inflation numbers. By bringing the gas prices down, they mask the inflation in all the other areas— especially at the grocery store. Calm down it’s just a theory.

    One thing is for sure, the main street economy has not improved since Biden. It has definitely become worse. We are by no means in any sort of golden age as Trump promised, and there is no sign we will ever be in a golden age. However, conversely, the upper classes are getting richer and richer and richer and richer by the day. For them, the golden age has arrived, at the expense of we the peasants. 

  • Unemployed people are paying consultants $10K to find them a job

    Unemployed people are paying consultants $10K to find them a job

    The job market totally sucks under the unstable and reckless Trump regime, and people can’t find work they are qualified for. I constantly talk to people who have applied for 400, even 600, jobs and have not even had one interview.

    Desperate to find work, Wall Street Journal is reporting that people are paying $10,000 and more to consultants to find them new jobs.

    This is really all you ever need to know about how corporate America has been responding to the Trump administration. They aren’t hiring, and when they do, they are putting people through the ringer. It’s never been harder to find work than it is now. And sadly, the situation is only going to get worse as AI replaces more and more jobs

    But of course it’s not only AI that is replacing jobs. Many corporations are still outsourcing jobs overseas. I was just perusing Amazon‘s book publishing support jobs, and I see they are all based in India. So no, corporations are not bringing jobs back to America, they are sending more jobs overseas than ever before to recover the hit they are taking from Trump’s insane tariffs.

    But don’t worry, according to Trump supporters, we are in the Golden Age. Don’t pay attention to the flood of evidence everywhere you look to the contrary.

  • UH OH! Bankruptcies soar to highest levels since 2020…

    UH OH! Bankruptcies soar to highest levels since 2020…

    Amid Trump‘s constant bragging about the wonderful state of the economy, and how America is the “hottest“ place on the Earth, and how prosperity is coming for all, in the real world bankruptcies are at the highest level since 2020 as consumers get crushed under a burden of household debt that they can no longer carry.

    Here are the top 10 states where bankruptcies have increased dramatically this year:

    1 Rhode Island tops the list, with bankruptcy filings up 27.6 percent in the 12 months ending June 30.

    2 & 3 Florida and Minnesota— filings increased 23.5 and 21 percent.

    4. Vermont: 20.3 percent

    5. Texas: 19.4 percent

    6. Idaho: 19.1 percent

    7. Maine: 17.9 percent

    8. Colorado: 17.6 percent

    9. Iowa: 17.0 percent

    10. California: 16.6 percent

    From Newsweek:

    Matt Layton, LegalShield senior vice president of consumer analytics, wrote in April: “Bankruptcy inquiries hit the highest we’ve seen since early 2020, just before Americans’ checkbooks were boosted by COVID checks from the government. When you combine record debt, rising delinquencies, and prolonged financial stress, topped by price pressures driven by tariff uncertainty, the risk of a summer surge in bankruptcy filings becomes very real.”

    “Debt is the common thread behind rising consumer stress,” he said in July. “Whether it’s missed mortgage payments, maxed-out credit cards, or mounting buy-now-pay-later balances, debt-fueled household spending is forcing people to ask a lawyer for help.”

    And don’t forget Trump‘s tariffs. They are wreaking havoc across the entire economic spectrum, regardless of their absence in the headlines.

    So much for the “golden age.“ This is no golden age. Every day this is looking more and more like the dark ages. And don’t talk to me about the stock market. The stock market is being propped up by energy investments, AI technology, investments, and biotechnology investments, all of which will not be creating any jobs or improving our quality of life. 

  • Michigan governor warns Trump in private that tariffs are wrecking auto industry…

    Michigan Gov. Gretchen Whitmer met privately in the Oval Office with President Donald Trump FOR THE THIRD TIME to make a case he did not want to hear: the automotive industry he said he wants to save were being hurt badly by his tariffs.

    Sources she even brought a PowerPoint deck and showed Mr Tariffism evidence packed data proving how his tariffs are killing the auto industry and absolutely will lead to major closures, job loss, and catastrophic economic outcomes on the state of Michigan and other states.

    This is nothing short of mind blowing, considering she is a democrat who has been very critical of Trump in the past. Most Democrats avoid him like the plague. Not her. She has been to the oval office three times now, literally begging him to stop his tariffs.

    If you’ve been following this page or “operation deep truth” on Facebook, you know that we have been predicting this very outcome for months. Collapse is absolutely inevitable. Unfortunately, Trump and his team do not understand macro or microeconomics. In a quest to cement his legacy as the most innovative and powerful president of all time, they have taken a baseball bat to a highly complex trade system without any regards whatsoever about the consequences.

    Sadly, the American people are also clueless about economics, so very few people are even making any noise about it. Most people have no clue what’s coming. They blindly trust the government to take care of them and always make the right decision, even though the government has a track record of doing the exact opposite over and over and over again, including this administration.

  • Apple CEO sucks up to Trump with gold plated trophy…

    Apple CEO sucks up to Trump with gold plated trophy…

    Trump has been threatening tariffs on Apple iPhones. Apple CEO Tim Cook is very nervous about it, especially since iPhone only has 19% market share )compared to 76% for Android!) and will be going down even further as Trump’s own China-made smart phone rolls out soon.

    Cook went to the WH this week to try to convince the president that Apple was “America first” by pledging to favor American parts makers and gifting Trump with a ridiculously expensive Corning-made, gold-plated trophy. The president went on to say what a great American Cook was, despite the fact that Cook reiterated that iPhones will not be made in America.

    I have to give Cook credit. Like other savvy biz executives, he has learned there is no quicker way to this president’s heart than with flattery and gifts. Give Trump those two things, and you will have him eating out of your hand. maybe Cook is the one who should get a trophy for best suck-up.

    Too bad every business doesn’t have access to the president to tell him he’s the GOAT and hand him a trophy. The many businesses— especially small businesses, that were already operating on tiny profit margins— who are being hammered by Trump‘s tariffs have no access to him, nor does he care about their decline. Maga inc is mostly about Wall Street mega corp profits and photo opps. Everyone else can kick rocks. Hey that would make a good song.

    On that note, keep an eye out for my band’s (New World Rejects) upcoming double album called Once Upon a Crime.