Arne O. Holm says They Make a Living Giving Saving Tips to People Who Barely Have a Dollar to Spare
This is how the US DOW Jones Industrial Average looked yesterday afternoon. Today, it could look completely different. The only sure thing is that it will dominate the news and out-compete most other news. (Screenshot)
Comment: In the middle of the Donald Trump-created chaos, even privileged problems get their time in the spotlight. The news columns are filled with financial advisors giving investment tips to people without a dollar to spare. An American madness threatens the finance world but simultaneously shadows the nearly immeasurable problems that are not listed on the stock exchange.
This is a comment written by a member of the editorial staff. The comment expresses the writer's opinions.
And no, I am not underestimating the gravity of Donald Trump's attempted murder on the financial world order. In no way so. And not the long-term and perhaps irreparable economic damage of it either.
Attack without a plan
It is an attack without a plan. Without a speck of competence. And with no form of correction or control.
The result is a stock market that takes a dive one day, before rising with rocket speed the next. The paper loss, which this is mainly regarding so far, is enormous.
Yet, it is not big enough to prevent financial advisors to show up every day to tell us that they have emptied their savings accounts to buy cheap stocks.
They know that the only pain Donald Trump feels is the pain from a plummeting stock market, and they have capital enough to make money on this narcissistic approach to the stock exchange.
A plummeting stock market is the only pain Donald Trump can feel.
But while speculators see buying opportunities in what some call a financial nuclear war, other aspects of the American nightmare is drowned out.
The annihilation of Palestine
Russia is still bombing Ukrainian playgrounds, and Israel continues to annihilate the Palestinian people.
Donald Trump's threat to attack and annex Greenland and Canada, members of the same NATO alliance of which the US is a leader, has not been withdrawn. Quite the contrary.
Threats against allies are followed by promises to withdraw US soldiers from Europe and, more or less, serve Europe to Russia. The entire idea of the defense alliance has crumbled in the wake of Trump's tariff obsession.
US research environments have their wings clipped through budget cuts and absurd state regulations of what research should be done. Universities are deprived of their independence and thus their raison d'être.
Russia is still bombing Ukrainian playgrounds.
The justice system is replaced with politically appointed judges fit for a dictatorship.
Attempts to save the climate are replaced by billion-dollar investments in American brown coal, the most polluting energy source imagineable. The electric car market is being overtaken by American diesel monsters.
Electric cars vs diesel monsters
Meteorologists are fired left and right and are no longer capable of warning against natural disasters that could hit the US in the future.
Prices of medicine are skyrocketing and pandemic preparedness is more or less being dismantled.
Experts are telling us how to invest money we don't have.
The world's richest man, Elon Musk, has already removed aid and relief for the world's poorest.
The press is being shut out of the political arena, and the US president refuses to be interviewed by journalists other than those he chooses.
I could go on and on about the attacks on democracy, health, and welfare, which, unlike the stock market, will take decades to repair—if they can be repaired at all.
Perhaps at least some of the "money experts," those who tell us how best to manage savings that few of us have, can be replaced by "experts" on how people will cope when the world's strongest economy and war machine, the US, goes completely off the rails.
