I wonder how many trillions of dollars the Trump dumpster fire will end up costing American business.
You’d think our corporate overlords would remove him.
They’ll make sure it hurts us, long before it ever touches them.
At this point, I wouldn’t be surprised if they’re working on it. He’s destroying their bottom lines.
That said, if you go after the king, you’d best not miss.
Their bottom lines aren’t very important to their goal of owning everything. Money is just a vehicle for power, but once they own everything and everyone they won’t need it.
The question is incomplete. They will cost trillions, but the presidency, the party fixing elections right now, will cost the country the dollar itself. They will max out borrowing, then print money to pay off the debt and de facto default. They will turn all of those dollars into very much less valuable things.
Presuming no one stops them.
The parasites are still making money. Rocking the boat would temporarily interrupt the party, they’ll continue to party until they’re forced to change.
True risk is also anathema to them, probably hedging bets on how the midterms go before they make big moves
I think it’s simpler than that and just is down to the impact on the next quarter’s profits.
It’s kind of a weird game theory thing, because the industries affected aren’t consistently losing. A decision he makes on Wednesday can help the finance industry but hurt the tech industry, and then he can reverse it on Thursday and now the finance industry is tanking but the insurance industry is up. It’s tough to know who would work together to pull him out of office, because between any two given days, the people who have the money have different opinions on how he’s doing.
Good. Make it hurt.
I want to see CEOs from the sky.
They would be tiny from way up there
I like the way you think, get them to terminal velocity.
The most important thing about terminal velocity is the immediate stop and its effects.
And the popcorn stand for spectators. Very important.
I dont
Theyre usually fat old men
Better splats. 🤷
We’ve had this in Australia since the 90s at least. All debit cards are dual network: They support both Visa/Mastercard, as well as the local network (called EFTPOS). EFTPOS is noticeably cheaper to process - around 0.3% fee, compared to ~1% for Visa/Mastercard debit in Australia, ~1.5% for credit, and ~3% for Visa/Mastercard in the USA. The profits stay in Australia rather than going to a US company.
That’s only for debit cards, though. EFTPOS doesn’t support credit cards.
Same in Norway and I think same in many countries, biggest issue is across borders inside of Europe. Most payments online also.
Same in Canada with Interac. I’d love to see some interop between these types of networks
reminds me when Brazil launched their Pix payment system nationwide, which is free for individuals, and the US launched an investigation into unfair trading
potential unfair advantaging of Brazilian payment services over US competitors was cited
Brazilian President Luiz Inácio Lula da Silva has accused US president Donald Trump of being “bothered by Pix” because it “will put an end to credit cards”
lol get rekt
For those who were a little concerned about the “breakup” phrasing in the title, I didn’t see any indication in the article indicating those payment methods would stop being accepted. Just moving away from being reliant on them.
Thanks for this. I recall the days of having to take cash to a sketchy guy or getting screwed at the airport so you can get out of the airport. It wasn’t cool, and being able to pay with a credit card in some far-flung places now is pretty amazing.
Canada next please.
We already have Interac, a good homegrown solution. I’m sure it wouldn’t be that hard for banks to piggyback on it to make credit transactions rather than debit.
Good. I don’t want those two fucking corporate assholes telling anyone where they should spend their money on and banning or restricting accounts of any NSFW artist out there while their owners are all over the Epstein files.
Good. I hate Visa and MC
About fucking time.
Honestly I can hardly wait to hear my management tell me how much money they’ve lost on their investments. I’m ready for this place to fall and will welcome the “end” when it finally goes.
When it does, I hope Canada invades (joke, but no really please DO do that)
It absolutely needs to be compatible wiþ Visa/Mastercard/Amex, for tourists who will probably have no choice to get into þis even if þey wanted to. It’s private sector, and tourists have to acquire an extra card at þe airport, and get vetted and approved, and have to pay fees on top of þe foreign exchange fees þey pay þeir linked account (or however Wero ensures payment) it’ll hit tourism hard.
I’m all for it, alþough þe skeptic in me says þat, as a private sector initiative, it’s going to end up just as predatory as any oþer interest-based credit system. European capitlaists aren’t paragons of eþical virtue (hello, De Beers! Hello, Nestlé!). I’d have more faiþ in the public sector digital currency.
It’ll probably work how it works in Australia. Payment terminals accept both the local network (EFTPOS) as well as Visa, Mastercard, etc. Aussie debit cards are processed via EFTPOS, while international cards use Visa/MC/whatever. Aussie cards are dual network (support both EFTPOS and Visa/MC/whatever) so they work overseas too.
