Limbo! How low can stocks go?

After murdering the economy last week, Hair Donald went golfing. Unabashed by stories told by people he has played, that he is a blatant cheater, he declared himself the winner each day. Friday saw another market collapse. That night, hosted a $1 million-per-person candlelight dinner Friday at Mar-a-Lago, according to an invitation reviewed by CBS News. Mar-a-Lago holds the million dollar meal deals twice a month.

Trump did not attend the transfer of the four Army soldiers who died in a training exercise in Lithuania, demonstrating his priorities are golf and fundraisers. When news of their deaths broke, he said, “I haven’t heard anything about it.”

And he just raised tariffs for China to 104%.

Limbo time: how low can we go?

There has been some insider trading among those in Trump’s circles. Hair Don and President Musk sold off what they could before imposing tariffs. Musk is likely on a shopping spree right now.

I am afraid to look at my retirement accounts, and cursing this administration.

A few days ago, before I lost the resolve to finish this post, CNBC presented clickbait that appealed to me. I refuse to compensate them, by clicking so they can validate their existence to advertisers. We all know how to search titles to get the answer for free. Allow me to save you the effort.

CNBC title: ‘Warren Buffett quotes a 19th century poet.’ Hmm… which one? I like 19th century poets. I respect Warren Buffett. Sisyphus did not climb a paywall, and neither will I.

If you don’t know, Buffett is a 94-year-old Omaha, Nebraska businessman and philanthropist worth $154 billion, after having given away over $31 billion. Berkshire Hathaway is Warren Buffett’s baby. You can explore the internet as easily as I can if you’d like to see his holdings, past and present. It’s an impressive portfolio. The best thing about him is that he didn’t create his fortune at the expense of others. There are no unpaid, underpaid, or uninsured employees in his wake. He didn’t hawk our personal information or launder mobile capital. He didn’t trade national secrets. A product of an upper middle-class upbringing, he simply invested well. Unless he has me fooled, I consider him one of the few billionaires who is a good person. He earned his money with investments.

Asked for advice, he will tell you to invest in undervalued companies. Mkay. This information does me no good. To do this you need two dollar bills to rub together.

So… Warren Buffett and the CNBC clickbait.

“Buffett quotes a 19th century poet.”

If you search the internet for his quotes, you’ll find an endless list. They were referring to a letter he wrote to shareholders during the last Trump slump, in 2017: 

There is simply no telling how far stocks can fall in a short period. But should a major decline occur, heed these lines:”

“If you can keep your head when all about you are losing theirs … If you can wait and not be tired by waiting … If you can think — and not make thoughts your aim … If you can trust yourself when all men doubt you … Yours is the Earth and everything that’s in it.” ~Rudyard Kipling, 1895

My God, what brilliant advice … if you have a pot to piss in. 

🎶Tax the rich, feed the poor
'Til there are no rich no more
I'd love to change the world
But I don't know what to do
So I'll leave it up to you…”

~Alvin Lee & Ten Years After, 1971

On April 5, 2025, there were over 1,200 anti-Trump demonstrations in all 50 states and six countries.

My favorite signs:

Similar sentiment…

The result of the demonstrations was unifying and energizing the country against a man who is openly destroying everything we have.

https://www.npr.org/sections/the-picture-show/2025/04/05/g-s1-58479/photos-see-hands-off-protests-trump-musk

I have good news! Governor Gavin Newsom announced that California will negotiate its own trade deals with foreign nations, if they make the state exempt from the retaliatory tariffs. I expect IL Guvnah Pritzker to follow suit, as will other blue states.

That’s not legal, you say?

The U.S. Constitution prohibits states from entering into treaties, alliances, or confederations with foreign powers without congressional approval. (Article I, Section 10). 

States can engage in certain international activities, such as nonbinding agreements or trade promotion efforts, as long as they do not conflict with federal law or foreign policy. Trump’s tariffs are only an Executive Order, and they don’t have the force of legislation. Trump bypassed Congress with his tariffs. What Newsom is proposing is constitutional.

Trolls, feel free to confirm the telephone number at the top of the screen shot.

Thought I’d share what I did yesterday. I made a call for my mom, to Social Security. I spent 3.5 hours on hold. It was a call that took ten minutes. Musk is laying more people off and closing offices to make it harder to collect our money.

Who voted for him?

Reminder to those in Texas: RFK Jr.’s kids are vaccinated.

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