Summary
As the stock market plunged Monday due to Trump’s trade wars, he spent the day posting on Truth Social.
The Nasdaq fell 4%, its worst drop since 2022, while the S&P 500 lost nearly 3%. Major tech stocks, including Tesla, saw significant losses.
Trump posted over 100 times, endorsing his tariffs despite investor panic. A White House official dismissed the sell-off as irrational fear.
Commerce Secretary Howard Lutnick insisted a recession is unlikely. Trump avoided a clear recession prediction, calling the economy’s shift a “transition.”
There are only 2 types of people on Truth social. Nazis and people reporting on the Nazis on truth social. No one is joining Truth Social expecting to get anything other than Nazi propoganda.
There’s also a bunch of crypto scammers on there.
Trump being the most prominent one.
Honestly not sure there’s much of a distinction between those groups anymore.
I fear this is too charitable an estimation of the average US citizen’s ability to spot propaganda. I genuinely worry some people are fooled by how it’s all wrapped in the flag and not understanding the dangers of nationalism or the alt right pipeline just fall for it and end up buying in, not because they were inherently a bad person, but because they were easily fooled (the main cause of which I believe is that they were intentionally not taught critical thinking skills and media literacy as those skills more easily allow us to see through the various illusions, and the same goes for emotion regulation skills, empathy, and an understanding of marginalization and intersectional politics, which protect against the coordinated effort by the system(s) and those with power to attempt to turn us against each other and see others as non-human, but that’s a whole huge conversation (that I’m willing to have but not necessarily publicly; feel free to reach out if you intend to have a good faith conversation))
Kinda similar to X but at least X has some interesting things on it which isn’t just neo-Hitlerite propaganda.
The problem with X is that there were people on it when it was normal shitty and not Nazi shit and they haven’t finished leaving yet, it’s a slow process certain communities here, certain individuals there but there’s still too much activity keeping people there.