Let’s step up a few rungs on the latter and consider the purpose those tariffs. Are we okay with other countries imposing tariffs on our goods and we don’t charge them tariffs on imports on like products? The answer is no in my opinion. That said, our government should have been enforcing reciprocal tariffs as a mechanism to enforce “fair” trade. Over decades our government has been screwing us by not playing the tit for tat trade game. They have bent Americans over while spelling “run” three times fast. Now we have someone in the White House that wants to change this historical screwing of American businesses. I fully support reciprocal trade; yes there will be some pain since our Government officials have ignored this situation for decades. After all, fair trade is a two way street.
Now if you can only get Greg to agree with you. I think Greg is a modern day economic sage and a Godsend to his followers, however he has a burr in his saddle when it comes to President Trump that he can not overlook.
You are 100% CORRECT. Why has our Federal government treated her very own citizens so poorly over the last 50 years? From stupid, pointless conflicts to robbing our Blood, Sweat, and Tears in the form of taxes, to selfishly enrich themselves. WHY, WHY, WHY?
What if we find out that our entire congress, both Repubs and Dems alike, have wasted, stolen, and or enriched themselves by 1-2 trillion dollars every year for the last 50 years....
You do know what that means MG and Greg Manarrino!!!
It means we would not have needed to borrow one single solitary penny over those years. NO DEBT. What if these slimey politicians not only stole 33 trillion dollars but destroyed the dollar too? What should the punishment be? Obey The Pug!
Thank you Gregory. Perhaps contact Senator Elizabeth Warren to see if a factor that accounts for "Unrealized GDP Gowth" could be introduced to compensate for the negative effects of this?
Yes, it just weakens this USD fiat dollar further, weakening other fiat currencies tied to it closely like Canada,Australia.
Of course as you have discussed with us all this is dangerously inflationary although it is still early in the poker game with bluffing so evident. I do not believe tariffs are good at all, just indicative of the end of one monetary cycle as a reset unfolds. Metals, commodities, energy!
So Warren, you think it is all right to pay a tarriff of say $1000.00 per car to Japan, and then we only charge Japan $500.00 for an export car of equal value? That not only makes no economic sense but it destroys the domestic car business. Equal tariffs would mean no tariffs should then be charged. One other point as to why tariffs will work for America is that we are the universe's largest volume importer in the world. EVERYONE WANTS TO SELL TO AMERICA, tariffs or not. That means every stinking country in the world is addicted to exporting to America, no matter the tariffs
I bet they will raise prices on these under-the-wire items AS IF they had paid the tariffs on them. You know: how gas prices go up if the price of crude goes up - WAY in advance of taking delivery. I also bet that domestic products will increase in price to be JUST UNDER the cost of imported, tariffed goods. What's a little more profit between friends?
Supply & Demand is very complex. Did imports suppress domestic prices to remain competitive? Lower demand on imported goods increase demand of domestic goods. Prices will be whatever the customer is willing to pay when the true market price is discovered.
Guaranteed we won't see it on MSNC. Keep your fingers crossed:
Rep. Thomas Massie (R-KY) and Senator Mike Lee (R-UT) are going after the privately owned central bank that is responsible for many of the economic devastations plaguing America by auditing this criminal enterprise and then liquidating what’s left of its “assets” into the Treasury.
This act will repeal the illegitimate Federal Reserve Act of 1913, and restore Congress’s power to regulate currency as per Article I, Section 8 of the Constitution
What a gigantic fucking surprise...DUH!!!
😄 so many copies of Greg’s attitude, I guess it is contagious
Let’s step up a few rungs on the latter and consider the purpose those tariffs. Are we okay with other countries imposing tariffs on our goods and we don’t charge them tariffs on imports on like products? The answer is no in my opinion. That said, our government should have been enforcing reciprocal tariffs as a mechanism to enforce “fair” trade. Over decades our government has been screwing us by not playing the tit for tat trade game. They have bent Americans over while spelling “run” three times fast. Now we have someone in the White House that wants to change this historical screwing of American businesses. I fully support reciprocal trade; yes there will be some pain since our Government officials have ignored this situation for decades. After all, fair trade is a two way street.
Now if you can only get Greg to agree with you. I think Greg is a modern day economic sage and a Godsend to his followers, however he has a burr in his saddle when it comes to President Trump that he can not overlook.
You are 100% CORRECT. Why has our Federal government treated her very own citizens so poorly over the last 50 years? From stupid, pointless conflicts to robbing our Blood, Sweat, and Tears in the form of taxes, to selfishly enrich themselves. WHY, WHY, WHY?
What if we find out that our entire congress, both Repubs and Dems alike, have wasted, stolen, and or enriched themselves by 1-2 trillion dollars every year for the last 50 years....
You do know what that means MG and Greg Manarrino!!!
It means we would not have needed to borrow one single solitary penny over those years. NO DEBT. What if these slimey politicians not only stole 33 trillion dollars but destroyed the dollar too? What should the punishment be? Obey The Pug!
Thank you Gregory. Perhaps contact Senator Elizabeth Warren to see if a factor that accounts for "Unrealized GDP Gowth" could be introduced to compensate for the negative effects of this?
Imagine my shock! LOL!
It has started
They are bringing all these imports back as supplies to prepare us for war. First the trade wars then then actual hard war.
Yes, it just weakens this USD fiat dollar further, weakening other fiat currencies tied to it closely like Canada,Australia.
Of course as you have discussed with us all this is dangerously inflationary although it is still early in the poker game with bluffing so evident. I do not believe tariffs are good at all, just indicative of the end of one monetary cycle as a reset unfolds. Metals, commodities, energy!
So Warren, you think it is all right to pay a tarriff of say $1000.00 per car to Japan, and then we only charge Japan $500.00 for an export car of equal value? That not only makes no economic sense but it destroys the domestic car business. Equal tariffs would mean no tariffs should then be charged. One other point as to why tariffs will work for America is that we are the universe's largest volume importer in the world. EVERYONE WANTS TO SELL TO AMERICA, tariffs or not. That means every stinking country in the world is addicted to exporting to America, no matter the tariffs
With respect, I did not say that.
What I meant was tariffs in principle are not a good idea in that it can allow the unproductive to survive with sub standard product.
A great form of taxation tho.
They are all Creature Features!
Eat it, connedsumers.
... no meat on the bone to cut - no fats to skim or smoke - just falling knives to catch.
Lol "Ghoast Rider's in the sky"
https://www.zerohedge.com/precious-metals/us-trade-deficit-explodes-record-high-ahead-trump-tariffs-bullion-imports-soar
WOW REALLY. LOL
I bet they will raise prices on these under-the-wire items AS IF they had paid the tariffs on them. You know: how gas prices go up if the price of crude goes up - WAY in advance of taking delivery. I also bet that domestic products will increase in price to be JUST UNDER the cost of imported, tariffed goods. What's a little more profit between friends?
Supply & Demand is very complex. Did imports suppress domestic prices to remain competitive? Lower demand on imported goods increase demand of domestic goods. Prices will be whatever the customer is willing to pay when the true market price is discovered.
"Yippee Ty Yay" 🎵
High Ho Silver - AND AWAY!!
Lol "Ghoast Rider's in the Sky"
Guaranteed we won't see it on MSNC. Keep your fingers crossed:
Rep. Thomas Massie (R-KY) and Senator Mike Lee (R-UT) are going after the privately owned central bank that is responsible for many of the economic devastations plaguing America by auditing this criminal enterprise and then liquidating what’s left of its “assets” into the Treasury.
This act will repeal the illegitimate Federal Reserve Act of 1913, and restore Congress’s power to regulate currency as per Article I, Section 8 of the Constitution
I’m not sure I want Congress to regulate currency either.
Greg, would it be smart to add some short term puts here maybe few week expiration puts. Things are getting crazy... Atleast protective puts?