It did not backfire. The oligarchs made tons of money in the US through insider trading. One of those dudes made like 1000 million dollars in one day.
It was an extremely successful grift.
Feels like they’re killing their golden goose in the process, because the smart money has realized that they can’t win anything in the american market without bribing someone for insider information, so they are leaving.
Money today, money now. That’s about as far as they think.
Let’s find out what that get’s them as time moves on…
The way I see it, they destroyed a lot of something they spent decades building - and will have a very very hard time rebuilding, if at all successful.
UBS Group AG analysts said in a recent note that investors’ shift away from US assets will channel €1.2 trillion ($1.4 trillion) into Europe’s stock market over the next five years.
I have a sense American oligarchs will regret their support of this administration for a very, very long time
I don’t know what individual investors will do as it’s hard to pigeonhole, but the ones in Elon Musk’s and Donald Trump’s immediate environment are already benefiting, and there is much reason that this will go on. Musk’s DOGE was not (only) about firing public employees but rather placing the ‘right’ people in positions. In many of the U.S. agencies - such as the Consumer Financial Protection Bureau, the Treasury Department, the Department of Defense - there is now at least one person who has work for or has close ties to Musk, Peter Thiel, Palmer Luckey, and other tech entrepreneurs close to the Trump circles.
After supporting Donald Trump’s first election campaign, Anduril Technologies founder Palmer Luckey was fired from Facebook. Now Mr. Luckey is back teaming up with Meta to build XR for the American Military. Peter Thiel’s Palantir has signed a $30 million contract with the U.S. Immigration and Customs Enforcement (ICE) to build a new surveillance system called ImmigrationOS. Elon Musk’s SpaceX was awarded a $5.9 billion contract from the U.S. Space Force to launch Pentagon missions.
Musk spent $290 million for Trump’s presidential campaign, Luckey gave $400,000. Thiel is said to have donated $1.5 million in Trumps 2016 campaign, but also has close ties to the Vice President as Thiel funded JD Vance’s campaign when he ran for governor of Ohio.
You will easily find many sources regarding other tech billionaires.
So it is absolutely possible that a lot of money will go from the U.S. to Europe in the foreseeable future, but Trump’s inner circle benefits most. They don’t appear to have reason to regret anything imho.
[Edit typo.]
No they won’t. They’ll blame someone, anything, else.
Rich fucks like that are just incompetent entitled children.
Good for Europe or bad?
American investors are increasingly acquiring European companies, prompting calls for new ownership models to protect economic sovereignty.
I‘m worried about that too. I can‘t think of many cases where foreign investment was beneficial for consumers here in Germany. Perhaps I am biased because you probably don‘t hear about the success stories but it can‘t be good for autonomy.
And all this stock is being bought by the americans
