The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. - H L Mencken
Hey Greg I’m with you on 99% of this but I gotta point out from your video a few days ago that retaliatory tariffs don’t actually help us. Tariffs are just a sales tax on foreign goods. We wouldn’t be “hitting back” another country, we would be hitting ourselves. Especially considering our lack of industrial capacity.
I agree, I do not like tariffs. Regarding reciprocal tariffs, which I believe you are referring to, this back and forth TAX, which is what it is, will hurt people.
The point of tariffs is to make importing so costly it will be cheaper to make it domestically.
The issue is the corporate globalist scumbags shipped off the equipment and know how overseas, so all that infrastructure has to be rebuilt and paid for AGAIN.
Of course, most Weimaricans won't stand for ANY short term pain for long term benefits. Things will have to get much, much worse before they can ever get better which means we are COOKED.
Even if Trump puts 100% tariffs on all imports no manufacturing will come back to the USA cuz the US has no infrastructure no money and no gold, the only thing the US manufactures is debt and war.....Fact
That is not at all how tariffs work. They are paid by the importers and passed onto the consumers. The only way we would “pay” for it is if it reduced the amount the other country bought from us.
If we tariff China, the Chinese don’t pay it. We pay it when we import it.
And they keep rigging the indicators. Beef and eggs are going parabolic so they decreased their weighting in the CPI. Cheap stuff like non alcoholic beverages and cereals they increased the weighting. We continue to be deceived on a widespread basis.
Meyer Amschel Rothschild of Germany once said: "Permit me to issue and control the money of a nation, and I care not who makes its laws . . ." He said "enforced unemployment and hunger, imposed on the masses because of the power we have to create shortages of food, will create the RIGHT of Capital to rule more surely than it was given to the real aristocracy."
Necessity is the Mother of Revolution (not invention.) "The greater part of the population is not very intelligent, dreads responsibility, and desires nothing better than to be told what to do. Provided the rulers do not interfere with its material comforts and its cherished beliefs, it is perfectly happy to let itself be ruled." [Aldous Huxley] Roses are red violets are blue taxation is theft and inflation is too.
"Trump" loves Americans? Hmmm, how? He could sign an executive order to float the price of gold to it's actual price (instead of the $42 an ounce the US Gov. assigns to an ounce) and resolve a lot of our issues. Again, if he "loves" us, why doesn't he do this?
One of the bad signs of a drastic increase in inflation is digital pricing. The idea is that the currency's value is changing so rapidly to the downside that prices need to be adjusted accordingly to the upside in real time. The big box retailers are spending big to install digital price tags aka electronic shelf labels.
From St Paul Pioneer Press; The Chiefs and Royals had a sales tax measure voted down last year that would have helped to pay for upgrades to Arrowhead Stadium. Hahahha-me
Are you surprised the sales tax measure was voted down? The working people have had ENOUGH!
I believe there are real Americans who are politically/monetarily ignorant yet the realism lite is coming on. With more river under the bridge the ignorant have an easier extrapolation which leads to the same target zone of the informed.
Especially when these mid-western folks were asked to kick in $$$ for stadium improvements, realizing the NFL and MLB are billion $$$ enterprises which pay their employees such colossal salaries. There could be little connection with the fan who is finding what used to be easy is now EXPENSIVE !!
It's always worse than it appears.
All the data is fake.
Buy gold, food etc and watch the show.
and land.
Truth.
The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. - H L Mencken
Hey Greg I’m with you on 99% of this but I gotta point out from your video a few days ago that retaliatory tariffs don’t actually help us. Tariffs are just a sales tax on foreign goods. We wouldn’t be “hitting back” another country, we would be hitting ourselves. Especially considering our lack of industrial capacity.
I agree, I do not like tariffs. Regarding reciprocal tariffs, which I believe you are referring to, this back and forth TAX, which is what it is, will hurt people.
Yea exactly it’s like us and China having a contest to see who can shoot themselves in the foot more
Negotiations only occur with bloody feet.
Why should we bloody our own feet?
It's how we are ruled. You can not run with half a foot. A common runaway slave punishment practice.
A 25% tax on our exported goods is a foriegn tax on us.
It is paid the by the other country
And?
If another country is taxing goods we export, they themselves are paying the tax. We don’t pay their tariffs just like they don’t pay our tariffs
All things being equal.....Everybody pays. Now, Negotiate.
In the end, none of this matters.
Look at the tariffs, while they collapse the system.
Hyper-inflation is our lot.
Squeezed like lemons 🍋 till the end.
No Gold in Fort Knox!
https://www.zerohedge.com/political/lets-do-it-rand-paul-supports-fort-knox-physical-audit-after-zerohedge-suggestion-goes
But please keep up the great work. You’re spot on 99.9% of the time
Nothing like a good old WORLD WAR to get domestic manufacturing going again!
Manufacturing is a difficult task in a radioactive environment.
The "muh climate" crybabies will get their "global warming" after all!
More truth.
We are paying foriegn taxes right now.
When a foreign country charges a 25% tariff on our goods they import, we the people pay that foriegn tax .
Reciprocation is required to even that score.
Only then will tariffs negotiations be meaningful enough to bring prices down.
The point of tariffs is to make importing so costly it will be cheaper to make it domestically.
The issue is the corporate globalist scumbags shipped off the equipment and know how overseas, so all that infrastructure has to be rebuilt and paid for AGAIN.
Of course, most Weimaricans won't stand for ANY short term pain for long term benefits. Things will have to get much, much worse before they can ever get better which means we are COOKED.
Where are the orders for manufactured goods in the US? Foriegn countries do not want our stuff. They just want us to buy their stuff.
Manufacturing is laying off in the US.
No matter how this goes, pain is coming for all.
Even if Trump puts 100% tariffs on all imports no manufacturing will come back to the USA cuz the US has no infrastructure no money and no gold, the only thing the US manufactures is debt and war.....Fact
Nice to see someone actually understands it. Thanks.
That is not at all how tariffs work. They are paid by the importers and passed onto the consumers. The only way we would “pay” for it is if it reduced the amount the other country bought from us.
If we tariff China, the Chinese don’t pay it. We pay it when we import it.
Well then, if we fork each other equally, we are all forked equally.
"paid by the importers and passed onto the consumers"
Look at it however you want. We still pay.
Yes so if we tariff China, the companies who import the goods pay the tariff and that gets passed onto the consumers. We pay the tariff, not China.
Con-sumers pay. Lower tariffs means we pay less.
Thanks Greg, nice piece. You put it all in a very understandable way. 👍😃💯
Real CPI should be above 15 today and will go upwards as shown in the chart! Then the potential projection would be much higher
Inflation rate / CPI is rigged
All is rigged...
I started following your work in 2020. As soon as I heard them mention lower rates, this is where my mind went. You've trained me well. Gracias 🙏
We can only pray God!
Hyper Inflation/Asset/Debt bubble!
And they keep rigging the indicators. Beef and eggs are going parabolic so they decreased their weighting in the CPI. Cheap stuff like non alcoholic beverages and cereals they increased the weighting. We continue to be deceived on a widespread basis.
Eggs are now golden.
I think central banks are buying all the eggs too.
They could be creating a famine with the current virus hoax being used as an excuse to kill large numbers of food animals.
Meyer Amschel Rothschild of Germany once said: "Permit me to issue and control the money of a nation, and I care not who makes its laws . . ." He said "enforced unemployment and hunger, imposed on the masses because of the power we have to create shortages of food, will create the RIGHT of Capital to rule more surely than it was given to the real aristocracy."
I agree 👍 💯
https://x.com/deathcabtoqe/status/1890494635539145083?s=46&t=wcalefckJ3ruCUf9byGkgQ
Figures don't lie but Liars figure
I think you don’t discern blue from purple very well.
But you made a good point.
True that!
Necessity is the Mother of Revolution (not invention.) "The greater part of the population is not very intelligent, dreads responsibility, and desires nothing better than to be told what to do. Provided the rulers do not interfere with its material comforts and its cherished beliefs, it is perfectly happy to let itself be ruled." [Aldous Huxley] Roses are red violets are blue taxation is theft and inflation is too.
Freedom is responsibility.
Freedom is a Verb - Greg says "We must take Action." A-men...
Like Greg says, "Trump" could fix all this with one stroke of the pen. If he so concerned for the well being of America, why doesn't he?
Trump loves Americans and he needs money.
"Trump" loves Americans? Hmmm, how? He could sign an executive order to float the price of gold to it's actual price (instead of the $42 an ounce the US Gov. assigns to an ounce) and resolve a lot of our issues. Again, if he "loves" us, why doesn't he do this?
It is sad that a lot of folks feel that this is a good thing, like all so called tax. It will always come back to US! The consumer.
One of the bad signs of a drastic increase in inflation is digital pricing. The idea is that the currency's value is changing so rapidly to the downside that prices need to be adjusted accordingly to the upside in real time. The big box retailers are spending big to install digital price tags aka electronic shelf labels.
https://www.youtube.com/watch?v=ZZqoU1U707U
Correct
Walmart, san diego ca.
Most items digital price.
Theft at the speed of AI....
America is DONE FOR! 👍😃
Eeeeeeeeheheheheeee! 👍💯😃🥳🎉🤣🤣🤣🥳♥️💪🧟🧌🦹😈👺👹
From St Paul Pioneer Press; The Chiefs and Royals had a sales tax measure voted down last year that would have helped to pay for upgrades to Arrowhead Stadium. Hahahha-me
Are you surprised the sales tax measure was voted down? The working people have had ENOUGH!
I believe there are real Americans who are politically/monetarily ignorant yet the realism lite is coming on. With more river under the bridge the ignorant have an easier extrapolation which leads to the same target zone of the informed.
Especially when these mid-western folks were asked to kick in $$$ for stadium improvements, realizing the NFL and MLB are billion $$$ enterprises which pay their employees such colossal salaries. There could be little connection with the fan who is finding what used to be easy is now EXPENSIVE !!
Whenever I need an item I will buy two because I know that it will costs more the next time that I will need it again