This is not good. I mean, look at the global money shifts:
https://www.semafor.com/article/04/22/2025/sell-america-gathers-steam
Money is flowing out of the U.S. and a lot of it to Europe, seeking safety and stability.
If the stock market & FX were Polymarket, right now global finance is shorting the U.S. heavily.
But IMO, this isn't any better than dumping it into crypto scams. I have zero confidence in European corporation stocks being any more valuable in the future than U.S. equivalents right now.
Yes, right now it's a game of guessing what CEO gives handies to the U.S. government or not... and how they can deflect the use of tariffs and lawsuits to extract fealty to the king. Even so, I would still bet on U.S. companies, on average, to outperform European ones in the longer run.
People are just pulling their money out of the U.S. to cash out and stick it in a mattress where the Trump administration can't f*ck it up any further.
Which means future U.S. debt is toast: the interest rates are gonna get jacked because nobody wants to touch covering for more American T-bill IOUs. Which basically inflates the U.S.'s debt payments.
On the one hand, you're right in that there's a lot of fireworks about one dude. But a single example of an accidental deportation is reflective of a potentially huge problem though.
Just like if a judicial system gets caught sending someone to the chair for a crime they didn't commit. Once that breach is made, you don't know how far and wide it might go. Because then what's to stop a soccer mom with a little hairier arms than usual with a Latino husband from not having incompetence or malice send her to an overseas gulag?
This is a question that has a spectrum of answers: how many innocent people are you willing to condemn if it ups your chances of getting a bad guy. Some will say zero. Others will be happy with 5-10%, and it sucks to be you to be innocent.
People are arguing that non-citizens aren't entitled to due process. But legal residents aren't citizens, and neither are tourists. And even if you are an illegal, is an El Salvador gulag the right sentence? That's what "due process" means: does the punishment, if one is found guilty, fit the crime.
Because right now we have both legal residents and even a few citizens swept up like dolphins in tuna nets, sent to dark prisons with no contact with family or lawyers wholly disappeared with no rights and no recourse to correct things. All presumed guilty of the worst offenses and treated worse than prisoners of war.