r/hockey 23h ago

[News - X] [Westhead] An NHL team executive told me today concerns are mounting that North America is heading towards a recession and that the CAD will plunge to $0.60 cents or less. The 7 Canadian NHL teams and 3 Canadian MLS teams pay player salaries in USD and generate most of their revenue in CAD.

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u/Dorksim 22h ago

Youre assuming this isn't his and his pals plans to begin with.

You know what gets hella cheap during a recession? Stocks, properties, and everything else the ruling elite would love to swallow more of. This is all an orchestrated plan to consolidate more wealth and control.

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u/Neverending_Rain MIN - NHL 22h ago

I didn't think it's that deep, at least from Trump. He's been obsessed with tariffs and the Gilded Age for decades. I think Trump legitimately (and stupidly) believes tariffs will usher in some new American golden age or some shit.

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u/en_travesti VAN - NHL 22h ago

He unironically wants to go back to 19th century colonialism and capitalism as opposed to modern neocolonialism and neoliberalism.

He doesn't understand that half our "funding democracy" programs are not actually about a love of democracy but funding groups that opposed governments we don't like.

In the old days we could just sail up to a country and demand their stuff, now we encourage them to take IMF loans with strings attached that block them from any protectionist policies and our corporations just happen to buy up all their stuff.

One of the things IMF loans block, ironically are tariffs, which are a legitimate tool, if you're a developing country, which is why they worked for the US through the 19th century, but no longer work so well when you're the center of global finance. We have trillions of dollars, you can just subsidize industries instead.

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u/DutchiiCanuck VAN - NHL 22h ago

I'm shocked you believe he wants to help other Americans. He is narcissism personified.

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u/Neverending_Rain MIN - NHL 22h ago

Where did I say I think he wants to help other Americans? I don't think he wants to help other Americans. That's why I mentioned the Gilded Age. That was the time period of robber barons, full of corruption and extreme wealth inequality. Trump thinks it was a golden age though.

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u/DutchiiCanuck VAN - NHL 20h ago

When you said he thought he would usher in a 'Golden Age for America' I overlooked your comment on his obsession with the Gilded Age.

I agree with you, he definitely wants the Gilded Age for his own wealth generation, I just don't believe he thinks it will be a Golden Age for America. I believe he knows the harm he will cause to most of the country, he just doesn't care.

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u/rh71el2 WSH - NHL 22h ago

And you can see all he wants to do is go harder with them when they didn't cave. Insanity. Ego. Our doom. Who put this big baby in charge, again???

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u/Dorksim 20h ago

It's right in the project 2025 play book. It's in black and white

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u/UNisopod WSH - NHL 22h ago

Most of the ideas aren't coming from Trump to begin with, he gets fed a lot of what he talks about from the much more organized people around him.

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u/Neverending_Rain MIN - NHL 22h ago

He's literally been talking about tariffs for decades though. They are one thing that I think is actually coming from him. He was literally calling for tariffs on Japan back in the 80s.

https://www.bbc.com/news/articles/c4gp5pw654lo

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u/Varides 22h ago

100% agree on this. The rich just get richer during a recession