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Thanks, PE, for saving me from having to read Michael Hudson’s long article. As always, PE, a specialist in summarizing articles for friends in the Global South.What more could you ask for, right?

Tariffs & Taxes & Trump

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Taxes & Tariffs & Trump

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Not quite sure I understood you.

Here is my take, really simplified:
All that will create instability in the world financial system.
The instability will demand “extraordinary measures”. Similar to
https://www.blackrock.com/corporate/insights/blackrock-investment-institute/publications/global-macro-outlook/august-2019
Followed by, perhaps, interesting chain of events, including the “virus” and the rest.

This time the fix could, quite likely, include the introduction of CBDC. Keywords “Central” and “Digital”. WEF and similar outfits already mentioned Agenda 2030, 15 minutes cities, UBI and what not. Surveillance state.Austerity. “Constant crisis” approach to management of society. Etc.

We aren’t here talking about “profit” as in capitalism.
We are talking aboutfundamental redesign of society.
Full centralization of wealth and power in the hands of techno-oligarchy or whatever you want to call them. POWER in particular.

Crackpot theories?
Maybe. Maybe not.
We’ll see.

If you raise or put tariffs on all imports, some would say your message to your own nation is – tighten your belt, spend less and produce more.

What a freaking joke. LOL.

https://twitter.com/BrianJBerletic/status/1907650123309658323

Even as the Trump administration pretends to seek “peace” with Russia it is publishing war propaganda accusing Russia of “aggression” aimed at Greenland as a pretext to seize the island specifically to threaten Russian-Chinese maritime trade.

The US remains the greatest threat to global peace, stability, prosperity, and human progress.

Method to MAGA madness?

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Now this finally makes some sense (only in the sense that “crash->profit!”
would be a Plan the (((donors))) come up with and get the Orange One
selected for).
I´m afraid the only possible endgames are
– nigger uprising
– world war, and/or
– default.
Which one is profitable?

This de facto uncontrolled economic demolition gambit starts with the warped fantasy that launching a customs war on China is a bright idea.

It’s not a war. It’s a tariff.

As bright as collecting a few trillion extra dollars in tariffs assuming the rest of the planet will be somewhat “encouraged” to sell to the Hegemon …

No American policymaker of whom I am aware has suggested that the purpose of tariffs were to encourage the rest of the planet to sell to the Hegemon.

… while pretending that these tariffs will lead to the re-industrialization of the U.S.

So how wouldyou suggest to re-industrialize the U.S.?

The indispensable Michael Hudson …

Michael Hudson is interesting but does not gracefully handle challenges to his authority. The tariff issue seems to annoy Hudson, because the issue is not about canceling debt, which is what Hudson really cares about. Therefore, Hudson refuses to take a useful position on the tariff issue. As far as I can tell, Hudson simultaneously says that tariffs are bad and that a lack of tariffs is bad. Heknows how little sense he makes on this point but chooses to make little sense, anyway, because he is in a bad temper.

Hudson is smart, but lionizing him here will not help your case.

And to hell with international law. For all practical purposes, Trump is burying the WTO.

Come, Mr. Escobar. Really?

The U.S. has behaved badly in many ways, but refusal to follow the WTO’s rules is hardly one of them. Trump’s very point is that the U.S. has followed the rules while trading partners have cheated. Is Trump wrong?

Even tariffed penguins in Heard island in the South Pacific know that the certified effects of TTT will include rising inflation in the U.S., …

Sure, if you want to call a one-time adjustment in prices,accompanied by rising wages, “inflation.”

… serious pain on its – delocalized – corporations …

But the point isto relocalize these corporations.

… and most of all the complete collapse of American “credibility” as a reliable and trustworthy trading partner …

Reliable? Trustworthy? Look, it’s not that complicated. Foreigners that wish to sell their products to Americans will load the products on a ship. When the ship reaches an American port, an import firm offloads the products and pays the tariff. Meanwhile, foreigners that do not wish to sell their products to Americans will do something else.

This has been going on since the Bronze Age. It’s not likely to stop because of Trump.

Poetic justice applies. Burning Down the House – from inside the house. As for the emerging, sovereign Global Majority, rejoice: and step on the high-speed rail de-dollarization train.

Nonsense. Dedollarization was happening anyway. How many articles have you yourself written to this very effect?

You’ve got it exactly backward this time. Can you think of a surer way to hasten dedollarization than for the United States to fail to export goods on which foreigners can spend their otherwise useless dollars? To export goods, the United States must firstproduce goods, which is precisely the effect the tariff aims to achieve.

I had no idea it was thatbad 😳

Grammar is bunk, evidently.

The whole thing is exaggerated. It is true that Americans will pay more for BMWs, imported meat, etc. However, domestic (American) products are not cheap. Americans can buy Chinese products, which are much cheaper than anywhere else, despite Trump’s 34% tariffs. For example, Australia imports over 95% of its pharmaceutical products from China. They are so cheap that American products cannot compete with Chinese ones. Anyway, Australians do not buy American products because they consider them too expensive and because of America’s aggressive policies. Moreover, Chinese products, including cars, are flooding the Australian market. They are good and cheap, and people buy them like they buy ice cream. The higher the living expenses are, the more people resort to buying Chinese products.

Furthermore, America’s deficit is of its own making. For decades, America has handed billions of dollars annually to Israel to fund the ongoing mass murder of unarmed Palestinian women and children and to raise the living standards of Israelis at the expense of the American people. Tariffs will not ameliorate American decline. The rest of the world should celebrate Americans’ choice of an indicted felon and a goy who is serving Jewish interests rather than American interests as their president.

For those that are in the market for a newer car to replace an older one, are you planning on buying one now before the prices go up due to the information presented in this article? Or have the prices of new and used cars already taken into account this information? I’m looking at a Honda or Toyota, something that will last me a solid 20+ years. Not sure what to do.

Our industrial food is poison and is neither fit for export nor consumption here.

“Now that you people won’t conform to the place our Glorious Planners allocated for you in our New World Order, Trump in response, has called industry back to America.”

First of all Chinese aren’t your slaves where they must ‘stay in their appointed place’ for the end of time. Secondly. Trump can call call whatever he wants it isn’t happening. Just look at past failed attempts for bringing back auto parts manufacturing, solar panels, ev battery production, HSR in California, drop in output of chicken farms, etc. The simple fact is as Aaron Clarey has pointed out multiple times: The USA for the last 3+ decades has an increasingly incompetent garbage population. It doesn’t matter who is on the top or what policies they declare and TRY to implement. They will all fail due to the lack of skilled personal at the bottom of the economic food chain. As TSMC has found out. Trying to bring back semi conductor manufacturing has already failed. With much fanfare about nothing.

Not to mention a third of Americans are on welfare. And amongst the 35 and under; about half of the USA’s population wants its disintegration. Good luck deporting 125+ million people. The 1965 Hart-Cellar act was the death knell of the USA; by treasonous politicians. And a complacent populace. All of this rage and fury from Trump signifies desperation andfear. Regardless all of his blustering will amount to nothing outside of NATO+Mexico & Israel.

The USA may have defeated the USSR. But it was China that really won the cold war. By not participating in it in the first place.

Who’s right about Iran?

Trump’s threats fail?

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OR

US will destroy Iran?

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And in that long healthy list of public works and utilities was also the Cura Annonae.

A key figure in that 1860 – 1920 period advocating public infrastructure was Simon Patten.

Wages will rise as businesses relocate here only if the border is sealed and no more scabs interfere with Labor’s right to negotiate.

In what has to be the greatest irony of the 21st century, we witness Trump and team enacting a policy which…..let me word this another way.

Putin and Russia were forced by sanctions and embargo to both look for trade partners elsewhere and to learn how to produce at home what they had hitherto imported. Remember when Putin bragged about how Russia had, prior to sanctions, imported a great deal of cheese? And that now, after sanctions had forced them, Russia made her own cheese? And then we all debated as to whether the same could be said for high-tech, state of the art chips etc. etc? Remember that?

Well, some Americans, somewhere high in the pecking order, looked at Russia and said, “Hey. If they can do it, why can’t we”?

“AUTARKY!!!???” cries the international Jew.

“IMPOSSIBLE!!! (“We will be left out as middlemen and bankers.”)

So the great irony is that Russia, under sanction by the Oligarchs of the West, is thrown back on her own (limitless) resources and in the process shows the way forwards for the very country which led the charge against her!

Now that’s 3rd degree black belt Judo by Sensei Putin!

It was important to expose Trump ridiculous economic policies. Thank you.

His basic idea for imposing tariff (besides playing the biggest bully in the courtyard) is to force US companies producing abroad to come back producing home and foreign corporations to come to produce in the US.
Good luck with that, especially since he uses the same methods he uses with Palestine, Lebanon, Iran, China and Russia: menace, then menace, then further menace hoping that the other side will fall on its knees and beg to be spared. See how it works with Yemen who bombs back regularly the US aggressors.

The main cause of the US deficit is the ‘federal reserve’, the central bank owned by private banks that is robbing the US since its creation, printing money for interests and lending for further interests.

The second main cause is linked to it, as it is the endless, useless and ultra costly wars that the US wages for Israel. And Afghanistan and Ukraine are also linked to zionist ambitions (Ukraine is one of the birth place of the Khazars who populate Israel) and Afghanistan was useful for opium and part of the neocon (that is Jewish) ‘war on terror’ scam.

The trillions spent for Israel and the thousands of US lives and millions of civilian lives spoiled by the US for Israel are mind-boggling. The question arises, who is president of the US, Trump, Biden or Netanyahu? Obviously Netanyahu has more power in both houses than trump.

The third problem is not taxes but “financialization” of the economy. The US don’t produce enough anymore because since the ultra liberalization of finance and the banksters coup of 2008, it is more easy to make money by buying back its own shares than by creating and producing anything.
And since banks are, like rotten politicians, unaccountable, then the ripoff can go on with our taxes.

The tax cuts for the super rich is of course a problem but if the US was manufacturing like it did decades ago, it wouldn’t be a big issue.

All these problems will of course make Trump’s tariff totally ineffective, at least not for what he pretends they are used for. As for the covid mRNA gene therapies that he pushed in 2020, they were unsafe and ineffective but very effective at enriching the criminals who sold them and at advancing Trumps’ handlers agenda.

Which begs the question: what is the real goal behind these tariffs?

As for the “The U.S. will be the enemy of the world for the harm that it is causing to itself and the rest of the world”, I am afraid that the US is already since many years the the enemy of the world for the harm that it is causing to itself and the rest of the world.

We should not forget that the US is waging multiple genocides in Palestine, Lebanon, Syria (through its ‘isis/hts’ creatures) and Yemen, is behind the war against Russia and almost all the current coups in eastern Europe with a view to attack Iran, China and maybe Venezuela.

Even in the most US friendly countries like the UK, Netherlands, Germany or Ireland, the US are hated as much as israelis if not more because they would have the power to stop the genocides.

Trump is doing an amazing job for his democrat ‘opponents’, he makes sure that in two years, most Americans will be so fed-up with him they will vote for the most insane crazies.

Your grammar and spelling are painful to witness.

What part of “go back to” don’t you understand?

You know that frozen arctic rivers thaw before they break up and run free, don’t you?

The problem with that is it will harm the already established multinational conglomerates and oligopolies. This is why you have nonsense of microsoft, google, and amazon singe handily dominating the entire country in their field of endevour. The reason what you typed can’t come to pass is because it will destroy the wealth accumulating process of the already well established and connected to streams of financial and political power within the country. Also DIE was always about hiding nepotism from the white working class masses; by masking it behind multi racialism.

How’d I know this guy would be against the tariffs? If a country tariffs the US at 40 per then they cannot complain about the turn about; it’s fair play. Oh and btw out in the hinterlands literally nobody is against the tariffs – nobody. There’s no angle where those they’re against them can get a grip.

It looks like this is the only way Strumpette knows how to function.

The good news is without nations have a dollar surplus, dollar trade in the global economy will have to plummet. When that happens America will have to produce what it consume’s instead of living off of the world production. Who will buy are debt when nations have no dollars to buy it with? How will the government maintain a huge military, social programs and at the same time make every nut, bolt, and pair of shoes we need ? Realistically there isn’t enough labor or resources to keep a high standard of living, gigantic military and government without the worlds goods and resources all flowing towards American

the sad part is that most americans are so stupid, they buy into this

Sad, but true. This is the level of explanations given to the masses by their Judeo-American rulers.

https://twitter.com/atrupar/status/1907604332079394838

Howard Lutnick: “European Union won’t take chicken from America … they hate our beef because our beef is beautiful and theirs is weak.”

As someone added on Twitter:

REPORTER: Mr. Lutnick, you just said the EU “won’t take our chicken” and that they “hate our beef because ours is beautiful.” Can you clarify what that means?

LUTNICK: It means exactly what I said. Our beef is strong, proud, American beef. Their beef? It’s tired. It’s sad. It doesn’t even lift.

REPORTER: Are you suggesting international trade policy is based on… meat confidence?

LUTNICK: Look, when your cow has been raised on open plains and freedom, you taste that. European cows? Probably read poetry and listen to accordion music.

REPORTER: You know their regulations are based on hormones and safety standards, right?

LUTNICK: That’s what they say. But deep down, it’s jealousy. They look at our beef and think, “Wow. That’s what peak performance looks like.”

REPORTER: What about the chicken?

LUTNICK: Same story. Our chickens walk taller. You can see the confidence in the drumstick.

REPORTER: So this isn’t about trade barriers, it’s about meat insecurity?

LUTNICK: Exactly. They fear the swagger. American meat doesn’t apologize. It sizzles.

Trump is a stupid buffoon. I’m suprised that he went ahead with the tariffs because, at first, I thought it was all just blustering. We all justly condemned Biden regime for creating inflation and some of us might have even thought that reigning in inflation would be one of Trump’s very highest priorities. In fact, the dotard is pouring even more fuel on the fire. These tariffs will undo all the good he is doing in other areas and will fuel a resurgence of Democrat popularity. OTO, his supporters on Breitbart all seem to be applauding this nonsense. That supports my contention that they mostly economic failures who don’t own anything. What’s it matter to them if the stock market tumbles to nothing? Maybe they think that Trump will take care of them.

Without a surplus of dollar trade Trump has ended American reserve currency status. How can a nation accumulate dollars to trade internationally if they won’t be allowed to have a trade surplus? How can a nation buy treasure bonds with dollars if they can’t get a dollar by selling us a product?

The very positive news, government military spending will no longer be financed by the productive producers of the world only on the backs of the few productive enterprises left in America.

Trade relations with China go back to Tricky Dick Nixon and ChowMein Enlao.

You don’t know what you are talking about. But it’s about what is expected from someone who attempts to be funny with names, but only shows his ignorance.

Nixon’s trip to China had nothing to do with trade relations. How could it? At the time Nixon was in office, China was still ‘revolutionary’, and totally anti-capitalist.

Trade with China began in the Carter administration, after the death of Mao and the arrest of the Jiang Qing clique, leading to the ascension of Deng Xiaoping. The beginning can be said to have started when Armand Hammer’s Occidental subsidiary, Island Creek, began developing China’s energy resources, in a joint venture with China. That was in 1980.

You really should study your history a bit closer, before you come here and make a fool of yourself.

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From the second, of 2,748 comments:

…The only conclusion one can come to, is that either this is not their goal, or they are extremely incompetent.

and reply to it:

…It’s definitely both, they completely buy their own idea of going back to the past with manufacturing jobs, coal mining, and all that “ol American way of life” (never mind that it certainly didn’t work out for everyone or even a majority). However, not only are we NOT in the past and things will continue to change (even if some things remain similar), but getting everyone on board without expecting a war or some sort of violent conflict at minimum is a pipe dream; though at least some of the more competent ones are probably aware and willing for that possibilty.
They’re not exactly stupid in that they’re unable to think, they’re delusional in chasing a dream that can’t be achieved (at least not sustainably) and that is what makes them blind in critical spots as a result, which can be described as stupid….

And……. way down the line….

….causing a recession with tarifs
-> people /companies loose money
-> forced to sell alfter bankruptcy
-> oligarchs are the ones with the most money left and buy up the market
-> oligarchs now own a larger share of the economy

peak capitalism….

you left out privatizing the public sector “buying the dip” they cause but otherwise Yup

Yup, there it is. It really is as simple as “crash economy / transfer wealth”.

yep, you got it. this is just taking the chinese electric car ban to the next level. closing the market off, to foreign competition, to force us the “buy american”, even though all american cars are sourced outside the u.s.

parts, that’s where they really make the money. add up the individual cost of the 30,000 parts that make up our unnecessary complex modern vehicles and it will be ten times the sticker price of the vehicle. now we place tariffs on all foreign parts and we are asked to believe that this is to punish foreign countries taking advantage of us. sure sounds more like punishment for the average american, especially those with older cars.

everything trump is doing is designed to destroy our economy, exactly as they destroyed the european economy, by literally blowing up their energy deals with russia and destroying trade with china as well, because of their use of slave labor, in their terrible wigger genocide camps(lol). the sad part is that most americans are so stupid, they buy into this, with their 45/47 bumper stickers, cheering on their own economic destruction. tariffs are paid out of our wallets, the economic war is on us.

Quote (above) from Sachs:

universal health coverage, support for unionization, and budget support for modern infrastructure, including green energy

Anything left out, there?

I’m slipping away from this guy …

“Tariffs will not close the trade deficit so long as the fiscal irresponsibility of the corporate raiders and tax evaders that dominate Washington continues.”

So what you really mean is that tarriffs will further damage the economy that is being decimated by

” . . . the fiscal irresponsibility of the corporate raiders and tax evaders that dominate Washington continues.”

The USA’s rise to the greatest industrial power on earth happened under a regime of the most punitive import tariffs.

Since the era of ‘trade liberalization’ starting from the 1960s onwards, American takeaway home pay has stagnated. In fact, in general terms, no American worker in the current workforce has ever seen a real rise income during the course of his working lifetime, and never will – and there’s no reason to think that his children and grandchildren will be any better off.
This is quite unprecedented in American economic history, and indeed in any advanced high income nation.

Another point is that due to the enormous accumulated effect of massive, persistent, incessant trade deficits – again measured in decades, with no reason to believe things will ever change in the future – the liabilities of the USA to foreign creditors are now astronomical and ridiculous. The inevitable end result of this is that the Americans of the future will have to pay, with their sweated labor, a very heavy tribute to foreign rent seekers. No ifs or buts, it’s just basic bean counting. Something that seems to elude Mr. Sachs.

While there are clearly downsides to Trump’s tariffs, there are also benefits, and if the latter help the US middle and working classes, the tariffs are justified.

Sure, costs will rise, but it’s better to have workers with decent pay than cheaper goods.

But what Trump overlooks is that the US has had an unfair advantage over all the world via Dollar Supremacy. For all the trade deficits, US could just print money and buy stuff.

Other countries had to produce and earn whereas the US could just print and buy.

So, even as I support the tariffs, it’s time to end dollar supremacy as global reserve currency.

Make it all fair.

The Evolution of Globalization: Address by Nayan Chanda

It is an edgy and risky game afoot, but it is a midwit take not to see that something very sophisticated is being attempted by team Trump, a ‘reverse Nixon shock’ that may change the world

No less an economics sage than Yanis Varoufakis – no ‘Trumpian’ certainly – thinks so
https://public-eur.mkt.dynamics.com/api/orgs/285245b1-7c6f-ef11-a66d-000d3a4b6c6a/r/qlSq64HlPkuruZal2HgAAAEAAAA

More re the above, in summary on ZeroHedge
https://www.zerohedge.com/markets/trump-shock-reverse-nixon

Yeah stonks are going down but look deeper – US long-term bond yields are down as well

This is funny but has a point:

Jeffrey Sachs: A low-life bullshitting kike. Everything these people say is crap. But the scum is still living in our Western culture!

Fuck-off you alien-outlander scumbag. You need to be sent back to your 3rd world shithole, vermin…

I used to be on the fence about Trump…But now I have new information…his followers are a bunch of ignorant white trash.

I didn’t used to think this. But the force of facts changed my mind.

So, you admit you used to be ignorant white trash yourself when you were on the fence about Trump. But now with new facts you suddenly became an enlightened white pearl. Do you think it’s possible you weren’t white trash when you were on the fence about Trump? Is it possible the people who would still vote for him aren’t white trash?
Before you got the new facts you were a name-calling, slandering know nothing.
After you got the new facts you are still a name-calling, slandering know nothing.

Trade relations with China go back to Tricky Dick Nixon and ChowMein Enlao.

U.S. businessmen and politicians thought the tradition-bound slant eyes were so inferior that we could put our industry there and exploit their cheap, docile labor for a few generations at least.

Then the upstart Chinese demanded representation on management planning boards and finally, technical design teams. We let them attend our universities. Now they are perfectly capable of conceiving of, designing a product and building the assembly process to put it together and they dominate our STEM departments as well.

Idiots who made this policy move were Jew lawyers and financiers as well as gentile scientists, technicians and factory engineers. Never have so few been so wrong about so many.

As for Yankee Go Home, that is a recent policy. Initially, China was as dependent upon the USA for their export market as the USA was dependent upon China for its imports. Of course, the Chinese, no fools, saw the need to expand their trade network and have done so in masterful fashion. Now that you people won’t conform to the place our Glorious Planners allocated for you in our New World Order, Trump in response, has called industry back to America.

And rightfully so.

There are still too many industrial connections between the two nations for nuclear war to break out tomorrow.

…..when I get new information, I change my mind……

…. the force of facts changed my mind…

Whoah. One of 1 % in Internet forums ?!?

O.K.

How, then, about

…Trump is an insane asshole oppressive idiot…..

Maybe he isn’t, actually, insane. Maybe there IS a very well thought out plan behind all this chaos and measures. Let’s call it “Agenda”.
Or, in other words, and related to

….his followers are a bunch of ignorant white trash…..

the chaos and a lot of measures are to manage that group perceptions. Keep the required majorities while the Agenda is being implemented.
If the Agenda gets implemented and the end result is increased wealth and power by the “0.01” at the expense of all the rest, especailly middle class, there is nothing insane there. On the contrary.
True, that does require an “asshole oppressive” to implement it, or at least start the process, but he isn’t an idiot either.

Anyway, here we are. Going there.

BREAKING: 🚨 General Motors to increase U.S. truck production following Trump tariffs. [Must be a “white trash” CEO, right Obi?]

E X X ➠A L E R T S
@ExxAlerts

BREAKING: 🚨 India’s Prime Minister Narendra Modi now considering cutting $23 billion worth of tariffs on United States imports. [Hey Obi: does that also make Modi “white trash”?]

And literally dozens of other examples–all on day one. And, btw, anybody that follows the bulk of your comments, Obi, knows you were never “on the fence” about Trump, whom you always considered “white trash”. Libfraud racist.

Dima thinks the Orange One´s tariff frenzy is a sure sign he is hellbent on
war with Iran and needs the money now😬
Desperation it is in any case, and everything that hastens the collapse
is welcome.

More bullshit from the biggest bunch of unAmerican assholes on the Internet. Go fuck yourself.

Jeffrey Sachs was the chief economic advisor to Boris Yeltsin.

Enough said.

Jeffrey has really come around on politics since his neolib 90’s days, and is always spot on in political interviews. But as an Ivy economist he is still locked into the globalist mindset of those 90s–the same one he used to help destroy Russia at that time by “opening their markets”. Forced to by sanctions, Russia has fully recovered by becoming sovereigntist. Trump understands this, which is why he is trying to effect rapprochement with Vlad. Jeffrey doesn’t apparently think China”s tariffs, or the EUs, are such an evil–only ours–reflecting the fundamental Jewish idea that it is now America’s job to mount up Rothschild banking debt and subsidize the rest of the world, now that EU is dead bankrupt. This is how parasitical J banking destroys the country they are in–then they move on to the next. But nobody else will have them now: EU is destroyed, and they’re stuck on America’s coasts. But they still can’t stop what they do, even if now it will take them down as well, since there is no bug out left. Jeff here illustrates this exactly.

I used to be on the fence about Trump. I called those afraid of him TDS victims.

But now I have new information. How could I not?

And when I get new information, I change my mind.

TDSers are right. Trump is an insane asshole oppressive idiot. And his followers are a bunch of ignorant white trash.

I didn’t used to think this. But the force of facts changed my mind.

I forgot that point – the US had a de facto world monopoly on rare earths
as late as ~1990 until the Children of Tumba Grettberg (okay, their ancestors)
closed it down;
also, unlike men, wimmin and everything else all rare earths are notcreated equal,
and the Sulphide Queen, being carbonatite, is heavier in light REE;
the next biggest prospects are coastal placers (“black sands”) in Brazil, Kerala
(Karl Frhr. Auer von Welsbach´s source) and East Australia, also hardly
enemy territory.

– Lithium is given in rather large doses for bipolar disorder and peed out without
any problem so I fail to see where they get a “safe dose” from; but it´s an interesting
data point – the only conceivable large-scale source is EV batteries.
It seems not only Teslas spontaneously combust 😖
The Chinese forced electrification because air pollution became untenable –
there´s always a tradeoff but in Beijing (despite the added dust storm problem)
unlike in Delhi you canbreathe.

Ok propaganda wars

Suppose, for example, that Trump’s tariffs slash the imports of automobiles and other goods from abroad. Americans will then buy U.S.-produced cars …

The problem with this (i.e., Trump’s) thinking is that there are no US produced cars, strictly speaking. About half the parts making up the cars are sourced outside of the US, and will therefore be subject to the tariff. So consumers can expect a commensurate price increase.

As it is, the ‘Big Three’ make their money on expensive trucks and truck-like vehicles. Currently, dealer lots are stacked full of 70 thousand dollar F150s, Silverados, and Jeep Wranglers that dealers can’t move, because few ‘bread and butter’ Americans can afford those prices. Unless they are willing to enter into a 96 month, no end in sight loan. Now, add a ten to twenty percent ‘market adjustment’ on top of existing prices, in order to cover the tariff, and what does anyone think the result will be?

This time, officials realized it was senseless to commit to a new set of exchange rate parities unless they could agree on policy actions to reduce inflation…

Not only that, but the Nixon Shock included wage and price controls. Then Carter took over and inflation went through the roof. But hey, less than 10 years after (where is Alvin Lee when you need him?) the collapse of Bretton Woods, Carter managed to give us 18% interest, so passbook savings got a nice boost.

President Nixon and his advisers reached an agreement to sever convertibility between the dollar and goldat $35per ounce.

And now, gold is approaching $3500 dollars an ounce. LOL

Who knows what will happen with all this tariff action? My guess is that if things start going south, then look for more war to take everyone’s mind off the economy. And of course it will all be China’s fault.

The tariffs will raise […] wages of automotive workers

Only assuming that they won’t bring cheap Third World workers to build those automobiles, which is exactly what Trump said he wants to do.

Hurray, please say you mean it.

Now get those US warships out of the South China Sea now.

No, during bankruptcy China will be given pieces of the United States in exchange for our debt that it holds.

China is cautious with a long memory for history. I doubt China will do that.

The USA doesn’t exactly have a stellar record of upholding the deals that it has made.

1. The Russians call the USA “non-agreement-capable” (недоговороспособны)

2. The Canadians and Mexicans had the NAFTA cancelled on them, reached a new agreement called USMCA to much fanfare, then nullified again by the same president.

3. The Amerindians who are the people who have had the longest contact with the USA would say “White man speak with forked tongue” (at least in Hollywood). But the meaning is clear, the USA repeatedly breaks its own agreements.

If Americans really wanted to a better future, they should just dispense with the USA. It is rotten beyond hope. Its name is sullied, distrusted and hated forever.

Better to have a new revolution, write a new constitution, birth a new country.

i.e. it is large and already mined but would be worthless
by US standards – the Chinese are just better;

The Chinese are just better at polluting! LOL!!!!!!!!

Just in the last week or so there was a mining waste spill in a Chinese run mine in the Congo, another one in Chinkland, and then there is the study showing lithium contamination in Beijing

A recent study led by Chinese scholars has uncovered a shocking discovery: the lithium ion concentration in the blood of pregnant women and infants in Beijing is 20 times higher than the average in other industrial cities in China and over 40 times higher than another city, Changsha. The levels exceed the safety threshold by 170%

Not a problem! US investments in Chinkland is certainly going away as are critical US workers in Chinkland, as are US imports from Chinkland! Thank You Trump!! LOL!!!!!!!!!

In return we will send you back all your student spies and agitators! LOL!!!!!!!!!

https://www.nbcnews.com/news/asian-america/chinese-students-visa-gop-bill-rcna197098

I think that Chinkland will be the one to go belly up!

With the realestate crash in effect, land sales, which “used to” provide around 40% of Chinklader government income now only provides around 10% of that income. LOL!!!!!!!!!!!!

Expenses for Chinklander governments are all going up with higher defense spending, higher internal security spending, higher subsidies to save failing Chinklander businesses, higher “bridges to nowhere” infrastructure spending, as well as higher support to stop banks from going belly up … and it’s no wonder that many local governments can no longer afford to pay wages for government workers. LOL!!!!!!

THE END IN NIGH!!!!!!!!!!!!! LOL!!!!!!!!!!!

And we all know what happens in bankruptcy, don’t we? All assets must be handed over to creditors. So China isn’t going to have to BUY pieces of the US, like they did with Smithfield Pork or shipping terminals in California. No, during bankruptcy China will be given pieces of the United States in exchange for our debt that it holds.

The jew is your overlord boy, not mine

Typical American delusional thinking.

Just because you wish it to be a certain way, doesn’t make it so.

A Jew created the Petrodollar, aka Tax-On-The-World. If the Petrodollar disappears tomorrow, expect your living standards to halve immediately.

If the US from 1968 had worked really hard to maintain its world manufacturing leadership…

Well, actually, US economy was in turmoil. Its manufacturing was not competitive and US trade deficit was serious by the 1970 standard.

“In his book “Three Days at Camp David,” Jeffrey Garten describes how President Nixon and his advisers reached an agreement to sever convertibility between the dollar and gold at $35 per ounce. When Nixon startled the world by announcing the decision on August 15, 1971, it set in motion a series of events that led to the breakdown of Bretton Woods.

Over the next three months, the U.S. Treasury negotiated the first devaluation of the dollar with its foreign counterparts. Treasury Secretary John Connally and Undersecretary Paul Volcker were concerned that a burgeoning U.S. trade deficit would increase steadily if the U.S. dollar kept the parities versus the Japanese yen and the key European currencies. They were also alarmed by a steady drain in U.S. holdings of gold that had fallen to just 25 percent of U.S. dollars held by foreign governments and central banks.

At the Smithsonian meeting in December, a compromise was reached in which the dollar was devalued by 8 percent. To maintain the Smithsonian parities, the Federal Reserve was obliged to tighten monetary policy while the central banks of the surplus countries were obligated to ease their policies. Both sides, however, were reluctant to do so and a standoff resulted.

The breaking point occurred in February 1973, when officials threw in the towel and closed the foreign exchange markets before the second dollar devaluation. This time, officials realized it was senseless to commit to a new set of exchange rate parities unless they could agree on policy actions to reduce inflation and trade imbalances. Thus, when the foreign exchange markets re-opened, currencies were free to fluctuate.”

So you admit that in your eyes, we are the enemy.

That was the USA’s choice.

In 2008, China bought a shitload of US treasuries in order to keep the US economy afloat. How did USA thank China? By a Pivot to Asia (actually China) in 2011 in preparation to strangle China off. This started a long list of offensive actions the US has taken against China since then.

Treating a friend like an enemy will cause said friend to become an enemy.

We in Southeast Asia see who the real trouble making shit stirrer is. And we just want the Yankee to go home.

Awww don’t be like that.

The Chinkies will write a nice complimentary chapter on the USA in future history books.

It comes right after the chapter on the rise and fall of the British Empire.

I guess if all you have is a hammer, you´re better off than the US –

“As the Times Beijing bureau chief, Keith Bradsher, reported last year: “China has 39 universities with programs to train engineers and researchers for the rare earths industry. Universities in the United States and Europe have mostly offered only occasional courses.” ”

Who knows? May be all those university programs in China train engineers and researchers to fashion new and improved stone hammers.

The formula they used to come up with these tariffs is:

Thanks for that. When Trump trumpets the tariffs, he’s calling them ‘reciprocal’. Indicating to the naive and impressionable that he’s simply tit for tatting. Yet much of it seems ad hoc. At his presser, Our Guy held up a chart showing that Iran is 99% ready to make a bomb… wait a minute, wrong chart and wrong guy– that was Bibi at the UN, a few years ago.

What Trump held up was a chart purporting to show that China charges a 67% tariff on US goods. But does that seem right, to anyone? Digging deeper, an article inBarron’s explains that Trump’s import algebra contains some non-tariff variables he’s factored in. It includes, ‘currency manipulation, export subsidies, other unspecified unfair rules, creating pollution havens’…

Speaking of Israel, according to Trump, their share of the tariff pie is 17%. But Israel is a failed state, wholly dependent upon US (and EU) money laundering and military support. Like the Ukraine, will the Don expect Israel to pay back everything the US has given them? According to Reuters, 98% of Israeli US imports are already tax free, with the remainder consisting of agricultural products amounting to 42 million shekels ($11.3 million) a year.

So it’s clear that much (if not most) of this is simply ‘make it up as you go along’, hoping no one asks too many questions.

The inevitable result of Trump’s tariff war will be a severe disruption to the global supply chain.

as far as china is concerned, they are going to sell less of the shitty products in the US, and will have a smaller bottom line. have a nice day binnie, thanks for calling.

prices are going up for americans. we don’t make most of the shit we buy, we can’t afford chinese salad shooters anymore, and everyone needs to learn to make due with less. it’s going to hurt globally because at the end of the day, when shit cost more, less shit gets bought. higher prices, less employment, everyone’s on a diet. evolve or fucking die.

You should realize that Donald Trump was educated and trained by Roy Cohn — Laws do not apply to either of them but AIDS got Cohn –Tariffs will get Don.

So, Trump rolled out his tariffs. If their goal is to bring manufacturing back to the US, then they weren’t designed well for that purpose.

The formula they used to come up with these tariffs is:

the Census FT900 trade data for year 2024, and the formula is MAX(10%,(imports-exports)/imports)*0.5 per-country on a customs basis

So, all imported goods are taxed, and the tariff amount is proportional to the trade deficit of goods only (excluding services) between the US and a given country.

How did they come up with this formula? They asked ChatGPT to do it for them:

https://twitter.com/krishnanrohit/status/1907587352157106292

Are they specifically designed to increasing the competitiveness of US domestic manufacturing? No.

Thanks a lot 😉 – but from the miner´s perspective the article somewhat
misses the point; the only mine run exclusively for gallium and germanium
was the Apex Mine/Utah, it has always been byproduct usually of
high-temperature sphalerite; among other things this means it is not a matter of
simply invading the countries sitting on Our Gallium ™ – like rare earths
the shit is everywhere, it is a matter of refiningi.e. primary production;
it is the primary production that is lacking, and the investment structure of
mining and smelting means it will take decades to turn around, and it will still
be uncompetitive.
Case in point, the largest primary rare earth deposit is still the Sulphide Queen
(Mountain Pass, on the CA/NV border; quick!!! Bomb it before the Chinky Dinks
exert influence!); what the Chinese are working is largely the waste cover of a
giant iron ore (BIF) deposit i.e. it is large and already mined but would be worthless
by US standards – the Chinese are just better;
I guess if all you have is a hammer, you´re better off than the US –
has anyone tried payingfor the gallium yet?

People have gotten so used to the ‘global trading system’, that they have forgotten that in the 70’s, foreign trade was 6% of the US economy. Are Americans living better now? In some ways, sure, but overall? How much is the peace of mind worth that comes from a stable job with a reasonable salary, with which you can buy a house, take a vacation, have a big family if you choose?

If the US from 1968 had worked really hard to maintain its world manufacturing leadership -which means that it was dedicated to it (in all aspects) like Germany, Japan and later S.Korea, China, then the US 2025 would be an incomparably better place.

Not as good as the 1950’s but still good. Having semi-skilled people with good salaries and stable jobs buying houses, taking vacations and big families was 100% a post-WW2 anomaly (US industrial competitors in ruins).

As Henry Ford understood – 1) you build the car in the US using the best world technology and techniques 2) you keep costs low in all aspects 3) you share the profits with your workers through higher than average wages 4) US workers buy US cars.

It looks like the disastrous outsourcing frenzy of the 1980’s was the result of many factors – uncooperative trades unions, digitalization, management complacency, devaluation of engineering as a profession, financialization, desire for quick excess profits, the rising technical ability of the Chinese to take on large projects and the false idea that China would be a permanent source of low wage skilled labour (all value added retained in the US).

IMO it’s not possible to get out of this mess without rebooting the whole system. Some kind of Cultural Revolution that removes the current elite and all Special Interests.

Believe it or not, I say that without undue glee 😁
There´s a reason the US took over the World 100 years ago – just as there was
a reason it was over 50 years ago.
Little Britain´s turning point was the Battle of Maiuba Hill 1881, and the
Queen´s Navee bankrupted them by 1908 (!)
The US is still a continent, but with every imperial transgression it further
clogs up its own circulation (literally: It´s by far the most obese non-Polynesian
country, and the latter were strongly selected for being large).
Keynes was right (for once) when he argued after WWI that making the Germans
pay too much would only make them stronger (and piss them off royally)
and the leeches ever measlier and sicklier (= Great Depression; you are -> here)).
Put simply, the reserve dollar means the US levies an excise tax of 3% on every
transaction denominated in $$$; tariffs will put an end to that.
Far from being “gold-backed”, Bretton Woods was already an extortion racket
(until de Gaulle called the bluff); military spending was unsustainable by maybe
1961 but couldn´t be dialled back or the economy would have crashed;
the petrodollar bought a few more decades …

and now – blame China?! 🤥

It´s Radio Free Europe for Chinks – terroristsyou are trying to sell as
“investigative journalism”.
We´ve had time to study your handiworks since at leastthe Hungarian Uprising.

Hua Bin, I want to contribute an observation I’ve made working in electronics engineering. China has spent the last decade becoming the world’s foremost refiner of Aluminum, a byproduct of which is Gallium, which is a critical input to modern communications technology (see GaAs and GaN power transistor technology). The U.S., while behind the developed world in 5G deployment, has spent years replacing old silicon power transistor technology with GaN in cellular base stations and defense technology (like electronic countermeasure and radar systems). China now supplies well over 98% of global raw Gallium (https://www.microwavejournal.com/articles/41212-the-need-to-de-risk-gallium-material-supply-chains).

I often wonder how the U.S. would cope with a significant gallium shortage in the event of conflict, especially because the remaining manufacturers of the old silicon power transistor technology are located in Taiwan, the Netherlands and Germany [and of course that’s only the dice – they have to be packaged in Malaysia or the Philippines to save on cost], and we all know how slow American companies are at changing anything when things are disrupted (i.e. during the virus so deadly you had to be told you have it).

Imagine the Chinese threatening to take away paper and the compass. That’s about how petulant you white nationalist lot sound right now.

We thank your forbearers for their contributions to humanity, up until the point their descendants turned fat, gay, stupid and insane. You’re going away into the timeout corner for a significant period of time and that is for the best. For you and the world.

Dumb Americans deserve a dumb president like Trump. If tariff is a solution to bring in manufacturing industry, wonder why not raise the rate to 1000% of 1,000,000% immediately? The logical conclusion is that there are drawbacks to tariff – very complicated implications and many detrimental impacts to a sophisticated modern economy. Furthermore, tariff is an extremely regressive tax on the 99% persons. Trump, Buffett and Jamie Dimon won’t care about it, but it will hurt most Americans tremendously, including most of the dumb supporters here. And I don’t even need to mention the haphazard implementations (e.g. constant changes of rates, incongruous justifications, political uncertainties, etc) that dampen long term investment confidence.

Also, if tariff is so powerful a tool to industrialize a country, wonder why most of the 200 countries in the world are not industrializing fast enough? Most Americans probably are not aware and don’t care that today, almost every country in the world is working hard to attract manufacturing investment. For example, one of the most loud-mouthed country (outside of the western world) is India. And she has already imposed a very high tariff (plus a long list of protectionist policies) on her imports. Do your research to figure if India has increased her manufacturing investment lately.

On the other hand, what about countries like China that is already very competitive in manufacturing? Is China afraid of losing its factories and jobs to the lower-cost countries like ASEAN, India, Mexico or Africa? Well, China signed a RCEP agreement with ASEAN+others to lower or eliminate tariff among themselves, to simplify trade procedures and to reduce barriers. China is also signing trade agreements left and right with many belt-and-road countries. Furthermore, just last year, China unilaterally reduces her import tariff from ALL African countries to ZERO. Think about it.

The problem with US is that it has been a parasite economy for so long, gotten its wealth through stolen lands, drug trafficking, slavery, imported coolies and cheap labors, migrant engineers/scientists, wars, financial shenanigan, petrol-dollar, plaza accord, military and political bullying… Her so-called inventions and industrialization could only be achieved with combination of the above factors. Naturally, she never understands an organic productive economy or knows how to be competitive, let alone the concepts of win-win, collaboration, cooperation and mutual respects. So, an unimaginative guy like Trump will call this a “Liberation” Day – the same word that CPC used when it won the Chinese civil war decades ago. Even today, the Chinese military is still called the “Liberation” army. For the good of the world, Americans should stop stealing Chinese words or copying failed Indian policies, and learn how to be creative and work hard to earn an honest living.

Trump started out dismantling the pro-trans, pro-gay agendas of the Biden government pardoned the Jan 6, protestors, with so many things he seemed to be going in the right direction. Now he seems to be going in a completely opposite direction, his economic and foreign policies are as illogical and insane as the pro-trans policies of the Biden administration. By slapping tariffs on every nation in the world, plus threatening wars with China, Russia, Iran and even threatening to take the land that Denmark (a trusted ally) has owned for over 300 years, Trump is sewing enmity wherever he goes. This, plus his protecting the most unpopular country the world has ever known at any cost, has made him one of the most unpopular leaders the world has ever known.

At the end of WW2, the US was at the top of its game, they manufactured everything the devastated world needed and were seen as representing freedom and prosperity. Everyone in the world looked up to Uncle Sam with admiration wishing that they could even move to the US. A couple of years after the war, it was announced that the new state of Israel was to be formed out of Palestine, much of the world cheered them on as they had the world’s sympathy.

Fast forward 80 years, the US is a shell of its former self, it has doubled its population, but most of this has come from the third world. The US life expectancy is five to ten years behind the other western nations. It’s educational system is a joke, its people are sick and many just don’t go to the doctor any more, its military while having lots of shiny weapons that don’t work, is still large but not filled with patriots, but with opportunists seeking free medical care and pensions. A large portion of the US military is foreign, not the stereotypical corn fed, blonde, Iowa farm boy, but short, dark SE Asian, and Latin American Mestizos plus American lBacks.

The US manufactures a fraction of what it once did, the number of STEM graduates (who are the backbone of all technology) are a fraction of what China and Russia produce. In addition, a large proportion of the STEM graduates in the US are from India and the Far East, White males have been kept out of the university admissions process for many years. Most of these graduates will go where the grass is greener, the US is not that place.

It’s seems that Trump or whoever is advising him, don’t see any of this, they still think the year is 1950, when the world was America’s oyster. Trump’s administration is making war with the world, and has created ill-will among every nation, from Venice to Vladivostok and Bejing to Brasilia, Ottawa to Oujadoujou. International relations including trade are built on good feelings, and Trump seems hell-bent on alienating the whole world.

Trump and his advisers, seem to think that by slapping tariffs on everything, manufacturing will magically come back to the US and everyone will start using the US dollar again. In 1950, the US accounted for 50% of the world’s economy, now it’s down to 25% and shrinking.

In order for the US to get the manufacturing to come back to the US, first they will need to either produce the new engineers to create the plants and processes or import thousands of engineers from oversees. They will also need to create the supply chains that supported manufacturers with other manufactured parts. In the 50’s and 60’s and even into the 70’s, most of the parts for electronics manufactured in the US, were still made in the US. This was supported by the large consumer, electronics and defense electronics industries the US once had. Almost all the parts now that go into anything electronic manufactured in the US today, come from the Far East.

If Trump and his government were really serious about restoring the US to it’s former glory, they would start small first, trying to clean up the internal mess that leftism has made in the past 50 years. They would go slowly on international relations, not trying to antagonize anybody, winning new markets for what we do well, working with China and Russia in a positive way to increase trade and start to remove all the military bases that have been antagonizing the whole world since the end of WW2. We would restore relations with Cuba and Venezuela, encouraging their people to adopt more democratic and free enterprise oriented systems, we would encourage countries to adopt democratic systems through diplomacy and not assassinations and meddling in the internal affairs of nations.

As for Israel, the US should completely cut them off from foreign aid, make dual citizenship illegal and make it clear that if a country can’t stand on it’s own two feet economically, they shouldn’t be a country at all. Doing this would force Israel to sink or swim.

By the actions that Trump is taking vis-a-vis the world, its like the actions of a drug addict that has been told he has a week to live, he shoots up on all the heroin he can get and damns the consequences.

Of course this is short-term pain, but the alternative is to have a country whose only product of value are dollar bills. People have gotten so used to the ‘global trading system’, that they have forgotten that in the 70’s, foreign trade was 6% of the US economy. Are Americans living better now? In some ways, sure, but overall? How much is the peace of mind worth that comes from a stable job with a reasonable salary, with which you can buy a house, take a vacation, have a big family if you choose? I was in my 20’s in the 70’s and there were plenty of people around me, who had worked for the same company for 40 years. Maybe that cannot come back, or people would not want it to do so, but the path we are on seems to produce psychosis in many, many people.

If you are an American (or European) he is indeed your overlord. This is not a matter of personal choice, which seems to be what you are implying. It is simply a fact of the World.

You aren’t wrong and everything you list is a roadblock to pulling it off. But if it isn’t tried now, it never will be. If Trump gave any indication he was going to touch any of the sacred cows you mention, there’d probably be a third assassination attempt. Somehow, he’s going to have to pull it off, though. We’ll see.

If the author is actually Chinese, maybe he can comment on the Chinese army’s chief of staff, who I believe it was, who predicted over twenty years ago in an English language announcement that, while at that time China would lose badly in a war with the US, by 2022, or so, it would arm itself and prevail, not least because the moral deterioration of the United States would render it, as we see, weak and irresolute.

There are many stupid and entitled people in the US. It’s a very large country. But there is also a very large segment of the population that is solid and hard working. If the owners of America allow this portion of the working population to do the job without interference from DIE, overregulation and high taxes, there’s a chance, a decent chance, for success.

That’s why they call him JDPON Don

CHOW CHING CHONG CHOW CHING

This ridiculous “little pink” propagandist Hua Bin has helped bring to light all the antiwhite, anti-Western commies, traitors and shapeshifting Jewish trolls here at UR like puss being drawn out of a boil.

Never forget those without whom Trump would not be in office, willing to sacrifice the US economy and the US entirely for the interests of their true homeland.

I should ask you the same question; your point?

The CCP censors everything it doesn’t want known and disappears all who get in it’s way.

It is clear why they want to eliminate an organization like FG. Last time I checked, Jew York was in the USA – not China. Which is why FG can say what it does about the CCP & China and still draw breath.

Let’s not forget Epoch Times either.

Their CCP invitation to tea must have gotten lost in the mail. The U.S. Mail

” … interpret things literally …”

You were caught in a lie.

Now you try to pretend it didn’t happen.

Then you add another lie, claiming I was kicked out of Berkeley. And yet another lie, claiming I don’t believe anyone can retire at 45. Just one lie after the other from you. This is typical shapeshifting kike behavior.

“Your dubious method of cherry-picking sources.”

I averaged all the different rankings. That’s not cherry-picking.

” … top rated agency, QS.”

You have no basis for claiming QS is the top-rated “agency.” It’s not an agency. It’s a business trying to get money from students and would-be students. That’s not true of the Shanghai or London Times rankings. They are much more credible than QS.

“You shouldn’t be quoting Berkeley.”

Why not? I was able to get into a university ranked in the top ten in the world – and usually in the top five – and maintain good academic standing. You weren’t able to do that.

But don’t be ashamed. Getting into a university ranked number 53rd isn’t bad – assuming you actually went there, which I doubt, because you said less than two weeks ago that you are working as a Safari Guide rather than as the architect you claimed to be.

You said in this thread, “I retired at 45. I haven’t worked a day since.”

But less than two weeks ago, you told mulga mumblebrain you were working as a Safari Guide.

So, you’re a liar. Nothing you say is credible.

” … your degree is from Santa Cruz or whatever shithole uni that was.”

If you call a university ranked in the top 200 a shithole, why shouldn’t I call 53rd-ranked National University of Singapore a shithole? If you want to play it that way, then I’m the only one here who went to a university ranked in the top ten, and usually in the top five.

So, what lies are you going to come up with next?

Sure it does. That’s why the chinks had nothing to do with creating capitalism. Neither did they creating the Renaissance with led to the scientific, technological and industrial revolutions. So ya boy IQ and culture and race does matter.

That’s right moron. And all the inventions that go with it putz, say like the integrated circuit and computer technology that went with it and so many other things you stupid chink or whatever the hell you are…Also get the fuck off our internet since your shit kind had nothing to do with creating it shit-head…

The jew is your overlord boy, not mine…The jew is an asiatic and alien outlander…

DJT does seem to be going a bit senile and/or vicious to put it bluntly, his behavior changed last fall, not the same person after the golf course affair.

Don’t Christians get brownie points by suicide? Japanese by hari-kari. Leave China and the global South out of it. Let the idiots off themselves. No one cares.

It has to be attempted, yes; however …
you see the problems with TSMC – US workers are stupid and entitled, which
cannot be turned around overnight (think two generations, if at all);
spending cannot be reined in, it will have to increase(no one will “buy” your
nontradeable no-interest 100-year obligations without a gun to his head);
tariffs are not revenue, and not only a tax – there will be no exports, and printing
money will be naked -> galloping inflation.
You see, you have lived off the fat of the world for too long; the reserve dollar
enables spending like a drunken sailor but makes you hopelessly uncompetitive
(Triffin is a bitch); without it, you might just as well put yourself out of your misery now.
Of course there´s always the Samson option – but when you started WWII your
standing was incomparably better.

Owned by Falun Gong, based in Jew York; and your point is … ?! 🙄

Sadly the discretionary spending is based on debt with interest raising fast and I have no doubt that we could manufacture again. I just don’t believe we will when we have the overhead cost of military, Israel, parasitic financial class on top of the manufacturing sector. I should of clarified that first. The problem has to be controlled then we can have a chance of manufacturing again. I just don’t see any indication of Trump even hinting of moving in that direction.

A point that is never pointed out is Trump wants his cake and eat it also . Trump threatened the world if they don’t use the dollar for foreign trade he will sanction them ,but wants balanced trade. Let’s just say Canada wants to buy something from Germany and they want to please Trump. It only works if they have a dollar surplus.

If Canada has zero trade deficit with American they have no extra dollars to use trading globally. They can’t print dollars like American. Trump will be the cause of the destruction of the very benefit that made American an empire. It will force Canada as it did Russia to not use the dollar for trade. There is no other possibility.

How can Trump plan to sell American debt in dollars if a nation can’t accumulate dollars in surplus of trade. Since this has never been explained the financial leadership of the rest of the world must assume that Trump doesn’t have a clue how American has operated since the Bretton Woods agreement.

It shows how out of touch with reality the top has become when they don’t understand the very system they created. It’s like a chairman of the board leading a company and doesn’t even understand the product he sells!

If the shoe was on the other foot and the Chinese government was actively destroying its manufacturing base and trade partnerships the opinion would be the leadership became decadent and stupid to undermine the very foundation the country rest on.

Good points. Some say, “Well, tariffs will reduce the need for the income tax.” But right now, most Americans aren’t paying income tax. At least the lion’s share, which is paid by the top earners. When weighed against rising prices from the tariffs (plus the general inflation), a reduction in income tax isn’t going to benefit the ‘bottom half’ of Americans’ who paid an average of $667.00 in 2021. The ‘top half’ can better weather resulting price increases.

Think about automobiles. Probably at least half the parts on ‘American made’ cars are imported, and will be subject to the tariff. Next, as the cost of imported parts rise, insurance rates will move upwards in order to cover the higher cost of repair. The new car market will sink, as dealer’s begin to add ‘market adjustments’ (to cars and trucks many couldn’t afford, pre-tariff). This will also cause the used car market to dry up, because consumers will be keeping cars longer– a reaction to the higher price of new ones.

As far as ‘bringing back’ manufacturing. Even if it is possible, it is a long term prospect. Factories don’t build themselves overnight.

The problem, at least a big problem in all of this is that it really doesn’t seem to have been thought out, and definitely hasn’t been explained to anyone. At least beyond Trump’s ‘sound bites’ and ‘feel good’ quips about ‘making the world pay for taking advantage of America’. All interspersed with threats and his other off the wall quips.

Sure. I could be totally wrong. Time will tell. Whatever, I doubt it will take much time for the results of it all to manifest.

Hua opinion is one that I have had for many years. Demographically, economically and international political opinion of American is going in the complete wrong direction. China’s best option unless America makes an aggressive move that threatens Chinese core interests is to wait the empire out.

Just on the rate of government debt and personal debt alone realistically can any one believe in 50 years which in history is a blink of the eye that we have a domestic society that even function’s. At best America can hope to be a Brazil with snow and export raw materials like agriculture goods and minerals to first world countries.

Our own government seems to have the same opinion. They talk a lot about bringing manufacturing back, spend the money pay a select group of companies but no real products are produced. It can’t bother them too much because they do the same thing over again . The best I can tell they think the solution is military. Like an extortion racket if they can maintain strength countries will be forced to give real world goods for debt that racks over 100 trillion dollars with no chance to be paid back. China just has to maintain a defense and American will have to produce what it consumes.

When the Soviet Union couldn’t militarily keep their foreign producers in line they woke up a year later on dirt floors consuming exactly what Russia was really producing after the years of an empire. Sadly I believe the Chinese are correct history will repeat itself. The best solution America had for the Soviet Union is wait it out and let the disaster they created destroy them.