391–400 of 1001 posts
The golden prize for America's enemies is to remove the US dollar as a global reserve currency. Since trade is conducted largely in USD, that means other governments must purchase USD to trade. This is the core of trade deficits. Foreign countries buy US dollars so they can trade with other people. That guarantees the deficit since they give us something in exchange for USD, which they do not then spend on goods we m…
I think a lot of people assume the economic consequences like these have not been understood by the WH. Although I don't like this administration I beg to differ: they know what's going to happen, and they expect the coming storm because they seek what follows. They want to repudiate foreign held debt, or devalue it, by revaluation of the USD and they will wear what they think of as a one time economic shock to get t…
My understandings reading some comments. 1. Prices will increase 2. US will need to manufacture things and they will need a lots of workers. There will be shortage of workers because factory pays minimal wages. 3. Factories will have to offer higher amount of salary that will increase price Ultimately prices increases for everything and working class will suffer more.
Choking the existing options when replacements are years away is a guaranteed way to ensure economic carnage
"This guy cracked the tariff formula: @orthonormalist It’s simply the nation’s trade deficit with us divided by the nation’s exports to us. Yes. Really. Vietnam: Exports 136.6, Imports 13.1 Deficit = 123.5 123.5/136.6 = 90%" https://x.com/Geiger_Capital/status/1907568233239949431
https://www-gmexconsulting-com.translate.goog/cms/de/dunkle-...
Keeping this kind of tarrifs, would be absolutely moronic even by Trump standards. That would be economic and financial suicide for the US.
Here we go. My dumb ass invested money in usa stocks when trump got elected because trump is pro business, right ? Should have invested in Asia, today china is the usa from 40 year ago.