Earlier quoted context omitted.
Nothing is truly random. It's all just an illusion!
I'm pretty sure radioactive decay is truly random in the deepest possible sense.
It could be a simulation
Trump temporarily drops tariffs to 10% for most countries
661–670 of 1001 posts
Re: Trump temporarily drops tariffs to 10% for most countries
#662This man's absurdity never ceases to amaze me. How can his supporters appreciate all this - constant - chaos? Moreover, from the outside (European here), it looks like the US president can literally do whatever he wants without being subject to regulations or facing any consequences - pretty much like a dictatorship. No discussion, no parliament, no opposition taken into account. Crazy.
> How can his supporters appreciate all this - constant - chaos A lot of people in USA felt they were entitled to their slice of the American dream, did not achieve it because we stopped building houses therefore you can't buy one on a high school education like our parents and grandparents did. Add in what appears to be somewhat of a collapse in people starting relationships/families and you suddenly have a massive…
Why the poor look at the people sitting on giant piles of money, and believe them when they say that China took the money, is another story.
Re: Trump temporarily drops tariffs to 10% for most countries
#663Earlier quoted context omitted.
Genuinely wondering why so many people are still giving the Trump administration this much benefit of the doubt that their moves are strategically sound? We're really still doing the whole "3D chess" thing with this guy after he has shown over and over again that he mostly just acts on impulse and the primary qualification for his advisors is loyalty over any type of intelligence or expertise?
A lot of this stuff is on a YouTube education level, not even a degree. I would be shocked if the US does not have a bunch of economic advisors who tell them what problems there are and what should be done. They've probably mapped out all the next steps. Most US presidents are Harvard-level smart, but the White House has been around long enough to find a way to deliver reports to the simpler ones. There's a lot of ob…
This just reads like pure fantasy to me. Have you not seen the account from numerous former Cabinet and White House officials about how lazy and incurious he is or how difficult it is to get him to read the reports put in front of him? Have you missed the way he has forced countless career officials out of the government through layoffs, firings, or pushing people to resign in protest? I don’t even know what to say to the idea that Trump is an “overplanner”, you even literally said “he hasn't thought about the side effects” a few sentences later. That’s “overplanning”?
Re: Trump temporarily drops tariffs to 10% for most countries
#664Earlier quoted context omitted.
Seems kinda crazy that so much power was ever vested in the president. https://www.congress.gov/crs-product/R48435
How to handle emergency authority in a democracy has been a hard problem back to the Roman Empire. Read up on Roman dictators.[1] [1] https://en.wikipedia.org/wiki/Roman_dictator
I mean, it may not be a completely solved problem, but you don't have to be too clever to think that perhaps rules similar to the War Powers Act ought to also apply to the President's authority to apply tariffs.
Re: Trump temporarily drops tariffs to 10% for most countries
#665Earlier quoted context omitted.
Genuinely wondering why so many people are still giving the Trump administration this much benefit of the doubt that their moves are strategically sound? We're really still doing the whole "3D chess" thing with this guy after he has shown over and over again that he mostly just acts on impulse and the primary qualification for his advisors is loyalty over any type of intelligence or expertise?
A lot of this stuff is on a YouTube education level, not even a degree. I would be shocked if the US does not have a bunch of economic advisors who tell them what problems there are and what should be done. They've probably mapped out all the next steps. Most US presidents are Harvard-level smart, but the White House has been around long enough to find a way to deliver reports to the simpler ones. There's a lot of ob…
Oh, US does have its share of economic advisors[1] of all stripes. And, I would love to be corrected on this, when SHTF, they immediately argue for NOT the very thing they normally argue for. They can tell what should be done for sure.. just not when it comes to their money..
(edit)Therein lies the issue or at least a part of the it.
[1]https://www.forbes.com/sites/mattnovak/2023/03/12/larry-summ...
Re: Trump temporarily drops tariffs to 10% for most countries
#666Earlier quoted context omitted.
> Instead of being seen as a safe haven, U.S. debt itself started to look shaky There's also a more basic answer to why US debt got more expensive. There is no such thing as a "trade deficit". You cannot import something without exporting something else. That something else, in almost 100% of the situations, is dollars. What do you do with dollars, if there's nothing you want to buy? You buy debt. So, every trade def…
isn't this also kinda opposed to having the dollar as the dominant world currency? Lots of countries settle trades between each other using dollars. Making it harder to get those dollars will leave them seeking to use something else to trade.
Having dollar being the worlds currency is not necessarily a good thing. Yes, you can borrow at low interests rate for a while. But guess what? Those are still debts. And eventually rates rise due to inflation. Now you have hollowed out your industrial base and you are stuck with tons of debts.
Even if dollar gets weaker, better to have less debts and more industrialization
Re: Trump temporarily drops tariffs to 10% for most countries
#667"It’s the T-bills wot dun it." That’s my read on why the U.S. just paused the global tariff hike to 10%. From the beginning, I’ve believed the executive branch's real goal was to push down the yield on the 10-year Treasury. Why? Because Uncle Sam has to refinance a mountain of debt this year, and the cost of that depends heavily on Treasury yields — especially the 10-year. That’s the rate that sets the tone for every…
> Instead of being seen as a safe haven, U.S. debt itself started to look shaky There's also a more basic answer to why US debt got more expensive. There is no such thing as a "trade deficit". You cannot import something without exporting something else. That something else, in almost 100% of the situations, is dollars. What do you do with dollars, if there's nothing you want to buy? You buy debt. So, every trade def…
> You cannot import something without exporting something else.
This is incorrect when your national currency happens to be the global reserve currency. All it requires is for the other country to be willing to accept dollars in payment.
[ EDIT: even that's wrong. All it requires is someone being willing to accept dollars, either in payment or as part of a currency exchange. ]
Re: Trump temporarily drops tariffs to 10% for most countries
#668Earlier quoted context omitted.
Incompetence is way more dangerous than people realize. These tariffs are China's Four Pests campaign. Mao, a very trump like figure, decided to protect Chinese crops by destroying sparrows that were picking at them. Killing sparrows killed a predator of insects which did more damage to crops. This coupled with reality denying policies and ignoring experts led to one of the most devastating famines the world has ever…
Both you and OP are not looking at this from the right angle. The goal here is to decouple US from China. In the meantime, tariffs are raised on every country to gauge which side they are on. Once US knows who the allies are, they will negotiate to have those allies put up massive tariffs on China as well to prevent transshipping. US wants nothing to do with China. As the biggest consumer economy in the world, the ha…
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Re: Trump temporarily drops tariffs to 10% for most countries
#669Earlier quoted context omitted.
Donald is weak. He was always going to fold. Once China and the EU called his bluff and retaliated, he was done. Lasted less than 24 hours.
The EU actually executed some strategy. First they said they would love 0/0 tariffs, which sounds fair to pretty much anyone. And when that didn't fly they put on selective reciprocal 25% tariffs. What Trump did looks even more like a clown show.
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Re: Trump temporarily drops tariffs to 10% for most countries
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