Apr 082025
 
 April 8, 2025  Posted by at 10:14 am Finance Tagged with: , , , , , , , , , , ,  Add comments


Salvador Dali Dream Caused by the Flight of a Bee 1944

 

Don’t Be Weak, Don’t Be A PANICAN (ZH)
Trump Shows No Sign Of Backing Away From Sweeping Tariff Plans (NYP)
China Vows To ‘Fight Till The End’ Against Trump’s Tariffs (RT)
Trump Threatens China With Extra 50% Tariff (RT)
EU Offers US a ‘Zero-for-Zero’ Tariff Plan To Avoid A Trade War (JTN)
The European Union Just Caved on Trump’s Tariffs (Margolis)
The Art of (No) Deal: Can The EU Stand Up To Trump’s Tariffs? (Marsden)
Trump’s Tariff Gamble Could Plunge Planet Into New Great Depression (Sp.)
Bill Ackman: World Is On Brink Of ‘Self-induced Economic Nuclear Winter’ (NYP)
Trump Impromptu Remarks Discussing Tariffs and Trade Reset with Media (CTH)
Farewell, Fugazy! (James Howard Kunstler)
Supreme Court Slapdown of Judge Boasberg Sends Message To Federal Judges (JTN)
Conservative Legal Scholars Debate Response to Liberal Judges’ Overreach (DS)
Members of Congress Must Be Present to Represent (Young)
World Economic Forum Founder Klaus Schwab To Also Step Down As Chairman (JTN)
EU Looking To Replace Musk’s Starlink In Ukraine – Politico (RT)
Germany To Prepare Children For War – Handelsblatt (RT)

 

 

 

 

https://twitter.com/MarioNawfal/status/1908901393605197976

Miller

Bessent

Payne

 

 

 

 

Through all the comments there is one impression that sticks: Trump plays offense. But at least in his view he is not: he plays defense. He tries to correct past mistakes.

Don’t Be Weak, Don’t Be A PANICAN (ZH)

President Trump on Monday urged Americans not to panic over tariff-driven turmoil in the markets, and said that “Countries from all over the World are talking to us.” “The United States has a chance to do something that should have been done DECADES AGO. Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!” Trump posted Monday morning on Truth Social about 15 minutes before cash open on US exchanges.

Ten minutes later, Trump posted that “Countries from all over the World are talking to us.” “Spoke to the Japanese Prime Minister this morning. He is sending a top team to negotiate! They have treated the U.S. very poorly on Trade. They don’t take our cars, but we take MILLIONS of theirs. Likewise Agriculture, and many other “things.” It all has to change, but especially with CHINA!!!”

Trump has insisted that tariffs are necessary to rebalance global trade and rebuild domestic manufacturing – singling out China as “the biggest abuser of them all,” and has called on the Federal Reserve to lower interest rates. In a Friday conversation, Federal Reserve Chair Jerome Powell didn’t give much of an indication on how the fed would react – suggesting only that the tariffs could increase inflation, and that “there’s a lot of waiting and seeing going on, including by us.” Over the weekend, Trump suggested that the market turmoil was part of the plan – saying “Sometimes you have to take medicine to fix something.”

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Backing away now would signal weakness. Enough time for that.

Trump Shows No Sign Of Backing Away From Sweeping Tariff Plans (NYP)

A defiant President Trump showed no sign of backing away from his sweeping tariff plans early Monday — even as stock index futures tumbled. “Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place,” he wrote on Truth Social just before 7 a.m. The commander in chief also ripped China after Beijing struck back against Trump’s far-reaching “Liberation Day” with its own 34% levy last week. “This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate,” Trump said.

“They’ve made enough, for decades, taking advantage of the Good OL’ USA! Our past “leaders” are to blame for allowing this, and so much else, to happen to our Country. MAKE AMERICA GREAT AGAIN!” It came as S&P 500 and Dow futures plunged more than 20% from their peak on Monday. In the two sessions after Trump’s tariff decision, the S&P 500 has tumbled 10.5%, erasing nearly $5 trillion in market value, marking its most significant two-day loss since March 2020. Meanwhile, Trump told reporters late on Sunday that investors must endure the consequences and that he would refrain from negotiating with China until the US trade deficit is addressed.

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Chinese industry without American consumers is not a pretty picture.

China Vows To ‘Fight Till The End’ Against Trump’s Tariffs (RT)

China’s Commerce Ministry has warned Washington against entering a never-ending spiral of tit-for-tat trade restrictions, after US President Donald Trump threatened to impose additional tariffs on Chinese imports. Last week, the US president announced sweeping new tariffs on imports from around the world, including a 34% duty on Chinese goods. In response, Beijing vowed to retaliate with a proportional 34% tariff increase on American exports – prompting Trump to threaten further escalation. Beijing condemned the growing trade war as a form of “economic bullying,” with the Commerce Ministry promising on Tuesday to take firm countermeasures to protect China’s national interests.

“China will fight till the end if the US side is bent on going down the wrong path,” a ministry spokesperson said, as quoted by Xinhua. Trump has defended what he calls “reciprocal tariffs” – which range from 10% to 49% on imports from all countries – as a necessary step to eliminate the US trade deficit. He argues the tariffs will make foreign goods less attractive for American consumers, while pressuring international partners to open their markets to US exports. In a post on Truth Social Monday, Trump warned that not only China, but any country that dares to retaliate “will be immediately met with new and substantially higher tariffs.”

The intensifying global trade war has already rattled financial markets. According to Bloomberg, more than $10 trillion has been wiped off global equities as of Monday. Bitcoin dropped below $75,000 for the first time in five months, while most of the top 100 altcoins fell by 15% or more. Meanwhile, JPMorgan raised the odds of a US and global recession to 60% by year-end, up from a previous estimate of 40%. Trump defended his actions, stating that “sometimes you have to take medicine to fix something,” and promised that jobs and investment would return to the United States, making it “wealthy like never before.”

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Come to the table! We need to talk.

Trump Threatens China With Extra 50% Tariff (RT)

President Donald Trump has threatened to slap an additional 50% tariff on all Chinese imports, unless Beijing recalls its proposed retaliatory 34% levy hike in another escalation of the trade war that has wiped trillions of dollars from stock markets. Last week, the US president rolled out sweeping tariffs ranging from 10% to 49% on imports from all countries. These included a further 34% duty on imports from China, on top of the existing 20% enacted in the months prior. Beijing has announced it will retaliate with a 34% levy hike on US goods by Thursday. “If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9,” Trump wrote on Truth Social on Monday.

The US president also threatened to cancel all scheduled talks with China, and instead begin “negotiations with other countries.” Beijing has condemned the tariffs as a “typical move of unilateralism, protectionism and economic bullying.” “It will hurt the US itself as well as others,” Chinese Foreign Ministry spokesperson Lin Jian said at a press conference on Monday. Washington’s levies will hit developing countries especially hard, and will also disrupt global trade and logistics, he added. China has lodged a complaint with the World Trade Organization in response to the US tariffs.

Additionally, the Chinese Commerce Ministry has imposed new restrictions aimed at American firms, as well as restrictions on the export of domestic rare-earth minerals. Currently, the US obtains some 70% of the rare-earths it imports from China.The escalating trade war between the two superpowers has led to market turbulence and wiped out more than $10 trillion from global equity markets as of Monday, according to Bloomberg.

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“..for industrial goods..”

EU Offers US a ‘Zero-for-Zero’ Tariff Plan To Avoid A Trade War (JTN)

The European Union on Monday proposed a ‘zero-for-zero’ tariff plan to the U.S. The offer was made by European Commission President Ursula von der Leyen, following President Donald Trump last week placing a 20% tariff on the EU. “We have offered zero-for-zero tariffs for industrial goods as we have successfully done with many other trading partners,” Leyen said during a joint press conference with Norwegian Prime Minister Jonas Gahr Store. She said that Europe has always been ready for a good deal regarding tariffs, according to the news outlet Politico.

Meanwhile, the EU’s 27 trade ministers met in Luxembourg to discuss the U.S. measures and to come up with an alternative plan. The plan by the commission, which coordinates EU trade policy, is in specific response to Trump’s earlier steel and aluminum tariffs rather than the broader, more-recently announced reciprocal levies, according to Reuters. But the consensus among the countries appears challenging, considering the leaders each have their own domestic considerations. Among the EU leaders who appear most eager to retaliate are French President Emmanuel Macron, who is calling Trump’s tariffs “brutal and unfounded.”

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Will Trump split up Europe? Separate deal for Italy first?

The European Union Just Caved on Trump’s Tariffs (Margolis)

While the left and their media allies urge panic over Trump’s tariffs and the market response, reality is telling a different story — countries are folding fast. Now even the European Union is signaling it’s ready to deal. On Monday, European Commission President Ursula von der Leyen announced that the EU is open to negotiations with the United States and has proposed eliminating tariffs on industrial goods altogether. At a press conference in Brussels, von der Leyen underscored the damaging effects of the current tariffs and made it clear the EU is prepared to negotiate. These tariffs come first and foremost at immense costs for U.S. consumers and businesses, but at the same time, they have a massive impact on the global economy,” she announced. “Especially hard-hit are the developing countries. And this is a major turning point for the United States.”

She continued, “Nonetheless, we stand ready to negotiate with the United States. Indeed, we have offered zero-for-zero tariffs for industrial goods, as we have successfully done with many other trading partners. Because Europe is always ready for a good deal, so we keep it on the table.” This is huge news, and it’s becoming increasingly clear that Trump’s trade strategy is paying off. For years, he’s warned that so-called “free trade” has left the United States at a disadvantage, and now—unlike past presidents—he’s actually doing something about it. And it’s not just the European Union signaling a willingness to negotiate. Just days after President Trump launched sweeping reciprocal tariffs — an effort the administration has dubbed “Liberation Day” — over 50 countries have already stepped forward to open talks and avoid the new penalties.

“We already have 50 — five-zero — countries that have come to the table over the last few days, over the last weeks, that are willing and desperate to talk to us,” Agriculture Secretary Brooke Rollins told CNN’s Jake Tapper on Sunday. “We are the economic engine of the world, and it’s finally time that someone, President Trump, stood up for America.” As expected, critics on the left are sounding the alarm, but Rollins dismissed the outrage as typical partisan theatrics. She made it clear that the real goal is to restore the American economy by prioritizing U.S. goods and industry.

Rollins defended the tariffs as a necessary course correction after decades of failed trade policy that has hurt American farmers and workers. She pointed to countries like Mexico and Australia, which have blocked key U.S. exports, and argued that these foreign tariffs have gone unchecked for far too long. When pressed about the long-term future of the tariffs, Rollins emphasized they’re part of a broader national security strategy to bring jobs back home and rebuild the country’s industrial base — a vision that goes all the way back to America’s founding. “This is about putting America first,” she said, stressing that the strategy goes beyond tariffs to include deregulation, tax cuts, and energy independence as core pillars of the president’s plan.

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“The EU’s economic biceps – especially Germany’s – look more like a middle-aged accountant’s than those of a powerlifter.”

The Art of (No) Deal: Can The EU Stand Up To Trump’s Tariffs? (Marsden)

The EU is putting on its bravest face, with European Commission President – and the bloc’s de facto unelected monarch in all but crown – Ursula von der Leyen declaring the bloc is fully equipped to weather US President Donald Trump’s latest tariff tantrum – a fresh 20% slap on EU imports. Markets were clearly moved by this rousing display of confidence – so much so that the Euro Stoxx 50, the Eurozone’s top blue-chip index, is currently tracing a pattern that closely resembles that of a skydiver who forgot to pack a parachute. “Europe holds a lot of cards. From trade to technology, to the size of our market. But this strength is also built on our readiness to take firm countermeasures,” von der Leyen said. Ah yes, the EU’s strength is so formidable that Brussels had to advise citizens to share showers to conserve energy after decisively cutting off Russian fuel – only to later import it discreetly, like a teenager sneaking in past curfew.

Can the average EU citizen expect more of the same kind of ‘firm countermeasures’ their leaders are famous for? Like the one that mandated twist-off bottle caps to be tethered to the bottle so you get hit in the face with every sip in order to spare the earth from being crushed under the weight of rogue caps that managed to escape their fate en route to the recycling depot. Or the kind of countermeasures that attempt to stick it to Russia by trying to regulate the temperature that Europeans should tolerate to reduce energy use. Because nothing says ‘take that, Putin!’ like sweltering during a summer heatwave inside a 27C office. “Unity is our strength,” Queen Ursula reiterated, throwing down her favorite mantra. Because, apparently, unity is the magical solution to all challenges. And also a euphemism for unquestioningly following the whims of whatever lunacy her reality-detached battalion of bureaucrats concocts.

The resounding success of this approach must be why there totally isn’t stalled GDP growth, an industrial sector limping along, and a sputtering economy even before these tariffs came into play. Tag-teaming Trump alongside Ursula was German Economy Minister Robert Habeck, who seems to think the EU is locked in an intense geopolitical arm-wrestling match with the US president, saying that “pressure now needs to be unfolded” against Trump “from Germany, from Europe in alliance with other countries, and then we will see who is the stronger one in this arm wrestle.” He may as well have just whipped it out and slammed it down on the table while he was at it. His arm, I mean. The hitch? The EU’s economic biceps – especially Germany’s – look more like a middle-aged accountant’s than those of a powerlifter. But sure, flex away. Seems the EU has found itself a new external foe to blame for its economic struggles: America.

They’ve been wringing their hands about Russian influence, worried about China’s rise, and now, surprise! Their latest villain is their self-proclaimed best friend. So what’s their big flex going to be? Well, French President Emmanuel Macron is leading the charge for French and European companies to stop investing in the US. “It is important that future investments, the investments announced over the last few weeks, should be put on hold for some time until we have clarified things with the United States of America,” Macron said. “What message would we send by having major European players investing billions of euros in the American economy at a time when [the US] are hitting us?” What message indeed? That Europe stands for a totally unfettered market economy, free from government interference, meddling, and control? Yeah, that must be it.

The EU’s major economies were already struggling long before Trump’s tariffs came along, as a result of the bloc’s own actions, egged on not by Trump but by the Biden administration, who they considered their best pals. Germany’s industrial sector is contracting. France is seeing massive layoffs. Germany’s DHL Group, the logistics company, is cutting 8,000 jobs alone. But yeah, let’s definitely have European businesses take advice from the same people who led them into this mess, on how to get out of it. It’s like getting fire safety tips from an arsonist right after he tosses a match at your living room curtains. The EU sanctioned itself into this mess with its anti-Russian policies, all while getting a friendly thumbs-up from Washington. And now, Washington under Trump is just dropping the charade and openly prioritizing American interests – except this time, in a way that pulls the rug out from under globalism. So Brussels is left standing in the cold, wondering why Uncle Sam isn’t holding its hand anymore.

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“We are watching the geopolitical and economic world as we knew it being re-routed in very short order – in days and not decades..”

Trump’s Tariff Gamble Could Plunge Planet Into New Great Depression (Sp.)

Global markets are in turmoil in the wake of President Trump’s announcement of steep new tariffs against most of the world. Combined with massive debt and rising geopolitical tensions, the tariff wars have left more than a few observers drawing worrying historical parallels. “We are at the top of a huge, great debt and credit bubble. And that’s very, very similar to the situation in the late 1920s,” independent economist Alasdair Macleod told Sputnik. “In 1930, the Smoot-Hawley Tariff Act was signed into law by President Hoover. It was the combination of the credit bubble bursting, plus the effect of the tariffs, which imposed a minimum tariff of 20% on all US imports that led to the collapse of the stock market and the Depression,” Macleod warned.

In some ways, the situation now is “even worse,” according to the observer, “because the bubble is far bigger than we saw in 1929. And not only that, but Trump’s tariffs are far worse than Smoot-Hawley because it’s on top of earlier tariffs.” “Every rally, however sharp (and bear market rallies tend to be very aggressive) gets met with another wave of selling, telling us that the leverage community and indeed others, the more long-term players, are still looking to exit positions,” ADM Investor Services chief economist Marc Ostwald said, commenting on the roller coaster in the markets in the wake of the tariff announcement. The situation is characterized by hopes that one of three power players: big banks, the Fed or the administration will intervene to return stability, Ostwald says, with an infusion of mobilized bank capital, an emergency rate cut by the Fed, or a decision to relent by Trump needed to arrest the volatility.

The problem, Ostwald says, is there are no signs by Trump of readiness to back down, while the Fed is “not sure where the greatest threat lies…inflation or that businesses basically shut up shops, stop hiring people, start laying people off, stop making orders or something else?” “We can expect turmoil to continue even while the markets get used to that turmoil and it becomes the new normal,” veteran financial analyst Paul Goncharoff says, commenting on the Trump tariff salvo. “We will still have inflation, recession will visit us all, hard assets will replace soft money, dedollarization may in fact quicken, and the heightened military tension we see around us will not fully disappear until some understanding between the China and America contingents are reached,” the Goncharoff LCC director says. “There are two players at the high table – China and the United States. The surrounding noisy gaggle of countries are important yet in fact secondary players. We are watching the geopolitical and economic world as we knew it being re-routed in very short order – in days and not decades,” Goncharoff explained.

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Ackman gets cold feet.

Bill Ackman: World Is On Brink Of ‘Self-induced Economic Nuclear Winter’ (NYP)

Billionaire fund manager Bill Ackman, a staunch President Trump ally, has warned the world is on the brink of a “self-induced economic nuclear winter” – as he begged the commander in chief to pause his sweeping tariffs. “The President has an opportunity on Monday to call a time out and have the time to execute on fixing an unfair tariff system. Alternatively, we are heading for a self-induced, economic nuclear winter, and we should start hunkering down,” Ackman wrote in a lengthy X post Sunday night. “May cooler heads prevail.” Ackman, who endorsed Trump’s run for President, issued the stark warning as he insisted the US leader’s decision to enforce the 10% tax on imports was quickly losing the confidence of business leaders worldwide.

“The country is 100% behind the president on fixing a global system of tariffs that has disadvantaged the country. But, business is a confidence game and confidence depends on trust,” he wrote. “President [Trump] has elevated the tariff issue to the most important geopolitical issue in the world, and he has gotten everyone’s attention. So far, so good. “And yes, other nations have taken advantage of the U.S. by protecting their home industries at the expense of millions of our jobs and economic growth in our country,” he continued. “But, by placing massive and disproportionate tariffs on our friends and our enemies alike and thereby launching a global economic war against the whole world at once, we are in the process of destroying confidence in our country as a trading partner, as a place to do business, and as a market to invest capital. “

Calling for a 90-day time-out, Ackman urged Trump to renegotiate the “unfair asymmetric tariff deals.” He warned, too, that launching an “economic nuclear war” would only see businesses grind to a halt, as well as consumers closing up their wallets. “What CEO and what board of directors will be comfortable making large, long-term, economic commitments in our country in the middle of an economic nuclear war?” he said. “When markets crash, new investment stops, consumers stop spending money, and businesses have no choice but to curtail investment and fire workers. And it is not just the big companies that will suffer. Small and medium size businesses and entrepreneurs will experience much greater pain. Almost no business can pass through an overnight massive increase in costs to their customers.”

“The consequences for our country and the millions of our citizens who have supported the president — in particular low-income consumers who are already under a huge amount of economic stress — are going to be severely negative. This is not what we voted for,” he added. Trump has previously touted the tariffs as a negotiation ploy to improve US trade and bring in more revenue. But he has also dropped hints that the steep levies may be permanent — sparking fears of an all-out trade war. Ackman’s grim outlook came as Trump’s sweeping tariff plans continued to hammer global financial markets on Monday after he warned foreign governments they would have to pay “a lot of money” to lift the levies that he called “medicine.”

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sundance: “The remarks were ‘Full force Big Ugly‘ and the winnamins were flying off the shelves for 15 straight minutes. I could not be more proud of our president.”

Trump Impromptu Remarks Discussing Tariffs and Trade Reset with Media (CTH)

President Trump smartly remained quiet after delivering the economic thunder-shock with his national security tariffs and new global trade expectations. Now President Trump takes questions from the media about the initial reactions to the seismic event he created. “China needs to solve the problem of the trade deficit we have with them,” is codespeak for China needs to open their markets to U.S. companies that have already established a footprint, AND China needs to purchase U.S. goods. Despite the size of China, President Trump knows Beijing will never comply in earnest, so he gives the Panda a few words, but doesn’t give it too much time until the Dragon comes out from behind the mask. President Trump notes he has “spoken to a lot of leaders from Europe and Asia” this weekend.

However, now is that powerful moment in any negotiation when the principal has clearly outlined his position, then remain silent as the opposition responds. The “tariffs are instituted, they are not going away,” Trump said. When questioned about having a “threshold” of “pain he is willing to tolerate,” President Trump notes the “question is stupid.” We are responding to opposition who are playing a zero-sum game, there is no level of pain too intolerable when ultimately your survival as a nation is at stake. Either we do, and win – or, we do not and die, that is our current status. When questioned about having a zero-tariff agreement with Europe, President Trump references the scale of the imbalance. “There’s no talk possible” with the EU unless they acquiesce. Every country wants to make a deal, but “this is not sustainable” President Trump repeats.

When questioned about Tik Tok, President Trump notes there was a likely deal with China, but then Beijing responded to the tariffs and said the deal around the social media platform ownership was no longer possible. Trump doesn’t care, he wants a TikTok deal; but ultimately, the tariffs are more important. President Trump then weaves through the Russia conflict, bombs are still bad, and the Middle east conflict, Gaza is still full of terrorists, and moves directly into domestic national security. President Trump then reaffirms he has not agreed to reduce, soften or smooth any tariffs against any nation. The tariffs are in place, they will remain in place, and the global trade reset will continue until America wins. Period. The remarks were ‘Full force Big Ugly‘ and the winnamins were flying off the shelves for 15 straight minutes. I could not be more proud of our president.

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“Ah, the delicious smell of peak fear on Sunday/Monday…and max NOISE on X.” —Raoul Pal

Farewell, Fugazy! (James Howard Kunstler)

That ruckus you hear in the capital markets is the sickening howl of the Fugazy Economy meeting its extinction. Fugazy means fake, unreal, dishonest, misaligned to what societies need to thrive. Fugazy means mis-using the time-value of things that purport to be wealth to multiply fake wealth in the hands of a few at the expense of the many. The pernicious effects of that system are visible all across the ruined landscape of our country, a nation of broken cities, failed towns, and a demoralized populace. Mr. Trump apparently aims to convert the expiring Fugazy economy into a production economy — yikes! — based on making things of value, and perhaps more importantly, of people at all social levels having meaningful roles in the making and moving of things.

The Trump tariffs are the first big step in a process that is already generating a whole lot of friction, heat, and ferment. The aim of the tariffs is straightforward: the end of a trade regime that punishes and cripples American production. The response so far is heartening. Many other countries suddenly seek new trade arrangements with the USA, correctly sensing that Mr. Trump means bidness. (This ain’t no Mud Club. . . this ain’t no foolin’ around. . . .) It’s even possible that these readjustments will happen so swiftly that the tariff differentials will be a wash before summer, and everybody will be, at least, on a firm footing, knowing what the clear new rules say. This new disposition of things required forceful incentives to change entrenched, harmful practices.

Another angle on this process is the dynamic known as import-replacement. It means exactly what it sounds like: where you used to get stuff from other lands, you now make it here. It should be obvious that this can’t be accomplished overnight. But the question is: okay, when are you going to start? Part of the answer is: we can’t afford to put it off any longer. There’s an awful lot of stuff, from machine tools to pharmaceuticals to military equipment that we had better start making again — or else slide into collapse, perhaps even slavery to other powers. That process starts with deploying real capital — as opposed to Fugazy capital — to re-start businesses and industries. That will take money away from hedge funds and other rackets that exist to play games with evermore abstract layers of things that only pretend to represent money. As that occurs, a lot of pretend money will vanish. Don’t be too shocked by this. That’s what happens when a society bends back toward reality: you start sorting out the real money from the fake money. That’s why the price of gold keeps marching up.

I sense that Mr. Trump and his colleagues knew full-well that the tariff play would rattle the markets badly, that these “corrections” are an unavoidable consequence, and are better gotten-over as quickly as possible. What else would you expect in a system that has dedicated itself for decades to mis-pricing the value of just about everything? The snap-back is sure to be harsh. The psychopathocracy that drives the Global Left lost more traction last week in its quest to keep all of its old rackets running. Their foot-soldiers in the USA have been defunded effectively by Mr. Musk’s DOGE, starting with the immense network of rackets that were run around the USAID program. The Woke NGOs are no more and the fat paychecks are no longer going out to the nose-ring-for-lunch-bunch who came to infest the DC Beltway — and their satellite offices in Democratic Party controlled cities.

Hence, the feeble turn-outs in last weekend’s street actions. The Baby Boomers have gone especially psychotic. That’s why there are so many old folks waving those Soros-made placards in the astroturfed crowds of the “Hands-off” protests. After an eighty-year run of the most mind-blowing comfort and convenience enjoyed by any generation in world history, America’s Boomers stare into the abyss of their fading Fugazy fortunes as their stock portfolios tank. Kind of too bad. Maybe you shouldn’t have gone along for the ride. Maybe you should have cared for your country a bit more.

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They called him back but still want to stick to the “procedure”, separate cases for each individual. There is no space or time for that in the system.

Supreme Court Slapdown of Judge Boasberg Sends Message To Federal Judges (JTN)

The Supreme Court decision reversing U.S. District Judge James Boasberg’s block on President Donald Trump’s deportation of gang members under the Alien Enemies Act sent a stern message to federal judges nationwide that overreach and venue shopping won’t be tolerated. The Trump administration has witnessed a record number of temporary restraining orders (TROs) against its policies, with lower-level federal judges imposing sweeping blocks on executive actions, notably those involving immigration. The Department of Justice has repeatedly urged the Supreme Court to narrow the scope of federal injunctions or to clarify the extent of lower court judges’ authority to interfere in executive branch operations. In a 5-4 decision, the justices opted Monday both to overturn the Boasberg order halting Trump’s enforcement of the AEA, but also declared the D.C. District of Columbia an inappropriate venue for the case in light of the gang member’s detention in Texas.

They did, however, assert that the Venezuelans in custody had the right to challenge their deportations. “Regardless of whether the detainees formally request release from confinement, because their claims for relief ‘necessarily imply the invalidity’ of their confinement and removal under the AEA, their claims fall within the ‘core’ of the writ of habeas corpus and thus must be brought in habeas,” the judges wrote. “The detainees are confined in Texas, so venue is improper in the District of Columbia. As a result, the Government is likely to succeed on the merits of this action.” “For all the rhetoric of the dissents, today’s order and per curiam confirm that the detainees subject to removal orders under the AEA are entitled to notice and an opportunity to challenge their removal,” they added. “The only question is which court will resolve that challenge. For the reasons set forth, we hold that venue lies in the district of confinement.”

Texas courts are part of the Fifth Circuit Court of Appeals, one of the most conservative courts in the nation. The change of venue represents a partial win for Trump as the courts are far more likely to be receptive to government arguments on immigration authority. The need for due process, however, will slow the deportation process to a degree. Trump had hoped to use the AEA to speedily remove members of the Venezuelan gang Tren de Aragua, which gained notoriety in 2024 for its takeover of several apartment complexes in Colorado. Trump did notch a bonus win, however, after Chief Justice John Roberts blocked a deadline Boasberg imposed to repatriate an illegal alien from Venezuela whom the administration sent to El Salvador. Trump allies acknowledged that the decision represented a victory, but stopped short of celebrating in light of its limited scope.

Sen. Ron Johnson, R-Wis., told Just the News that “this ruling provides only a temporary reprieve in one case among many where partisan Federal District Court judges are throwing up roadblocks to frustrate President Trump’s efforts to honor his campaign promise to secure the border and deport illegal immigrants. “It’s welcome, but the Supreme Court needs to do far more to rein in district judges who are exceeding their constitutional authority,” he added. Harvard Law School Professor Emeritus Alan Dershowitz, moreover, opined that “[i]t looks like SCOTUS will rule that Trump has broad substantive power to deport but he must exercise that power within due process constraints.” The decisions on Monday represent one of the first actions from the nation’s nine justices to chastise lower courts over forum shopping and the excessive issuance of TROs.

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“..an “unacceptable” instance of judicial overreach that damages “the president’s ability to conduct foreign affairs.” “It’s a red line, and that’s the reason I have called for the impeachment of Judge Boasberg. I have called for the Trump administration to ignore his order. I’ve never done this before..”

Conservative Legal Scholars Debate Response to Liberal Judges’ Overreach (DS)

Prominent conservative legal scholars on Monday debated the proper legal response to liberal federal judges’ injunctions against actions by the Trump administration. From legislation that would alter the judiciary’s powers to introducing articles of impeachment, the commentators offered varying solutions to the current controversy over the separation of powers in a panel discussion at The Heritage Foundation. Central to the discussion was Washington, D.C.-based U.S. District Court Judge James Boasberg’s injunction against deportation flights leaving the United States, which the panelists unanimously criticized. George Washington University law professor Jonathan Turley was in the camp of urging Congress and the White House to refrain from combating the judiciary too fiercely. “Where I’ve been critical of the administration is often on the rhetoric, and I think it has committed some unforced errors,” said Turley. “They’ve got to really pick the hills to fight on.”

The judicial scholars at a panel discussion Monday were unanimously critical of federal Judge James Boasberg’s injunctions against the Trump administration. Turley added that he does not support impeaching judges, and that he thinks the legal system will sort out judicial overreach. A number of members of the House of Representatives have already introduced articles of impeachment against judges who have issued injunctions against Trump administration actions. “I also don’t agree with limiting jurisdiction or limiting funds. I believe we have the world’s greatest judicial system, and it’s working. Injunctions have been lifted. The Supreme Court just recently again ruled in favor of the Trump administration,” Turley said.

Additionally, the GWU law professor warned against what he sees as a dangerous precedent of ignoring court rulings, which would likely continue in future administrations. However, Mike Davis, the president of the conservative advocacy group Article III Project, disagreed with Turley. Davis argued that the scope of injunctions was so beyond the norm that impeachments were necessary. Davis spoke at length of Boasberg’s order for American deportation flights to be returned to the United States. He described that as an “unacceptable” instance of judicial overreach that damages “the president’s ability to conduct foreign affairs.” “It’s a red line, and that’s the reason I have called for the impeachment of Judge Boasberg. I have called for the Trump administration to ignore his order. I’ve never done this before” he said. “This is a very serious matter for the judiciary’s legitimacy.”

One point of agreement uniting all of the panelists, however, was that the judges were in the wrong for their far-reaching rulings. Turley indicated he was open to supporting legislation that would require more than one judge to sign off on national injunctions against a president’s executive orders. “I would like to see, at a minimum, any class action have to go through a separate three-judge panel with very narrow conditions, under which a national injunction can be held. I would also like to see Congress collapse the time for appeal,” Turley said. Sen. Mike Lee, R-Utah, and Rep. Darrell Issa, R-Calif., have introduced legislation that would require that nationwide injunctions be approved by a three-judge panel.

Hans von Spakovsky, a senior legal fellow in The Heritage Foundation’s Meese Center for Legal and Judicial Studies, agreed with the case for allowing Congress to limit judges’ authority and requiring multiple rulings for there to be a nationwide injunction. He alluded to laws passed by Congress during the Civil Rights Movement to enforce equal voting laws, arguing that these establish a precedent for the proposed legislation. “When the Voting Rights Act was passed in 1965 … they didn’t trust some of the federal judges in the Southern courts who had been put forward by the Democratic Party, that they would rule the right way on certain voting cases, and so they set up a system of a three-judge panel … and so, we’ve done this before. It’s something that could be done again.”

Read more …

Time to tighten the rules.

Members of Congress Must Be Present to Represent (Young)

President Donald Trump’s win in November was so sweeping of a mandate that Republicans won control of both the House and Senate. Control of Congress is critical to moving Trump’s vast America First agenda forward—and because of the slim majority held by Republicans in the House of Representatives, one would hope they’re working together in lockstep on behalf of the American people. Over the past week, however, Speaker Mike Johnson, R-La., was forced to delay critical votes in the House over a proposal to let members vote from home. Rep. Anna Paulina Luna, R-Fla., led a small group of Republicans and all Democrats, to change House rules to allow proxy voting for members of Congress who are new or expecting mothers. Fortunately, it appears this saga is now over. Johnson and Luna reportedly struck a deal Sunday that won’t trigger her discharge petition. But let this be a lesson for members of Congress, who shouldn’t be tempted to pursue proxy voting anytime soon.

Quite frankly, proxy voting should never be on the table for members of Congress. Their entire job is to show up to work and vote for the people they represent—which they only do on average of around 160 days a year. The first issue anyone should have with this issue is the slippery slope it presents. Once the bell is rung on proxy voting for motherhood, it is clear as day where the expansion of permission to vote from home leads. Pregnancy is a medical issue, and the next step for proxy voting will be any “serious medical issue.” Then it will be any medical issue with a doctor’s note (that will stretch to include emotional issues like depression or anxiety). Eventually, it will accommodate senior citizen status. If by that point there are members still showing up to work, the next landing on the slippery slope will be major issues in a member’s district; then it will be any issues in their district—and at that point, everyone will be able to vote via text message.

The second issue, which should offend all Americans, is that just a few short weeks after Trump required all federal workers to return to office, members of Congress are advocating for themselves to work from home. If Republicans justifiably want workers who are paid by taxpayers to return to their offices, they should be expected do the same. The third issue is that thousands of mothers—in congressional districts across this country—don’t get to work by proxy. Some mothers labor at multiple jobs to raise a family and others don’t get paid time off or maternity leave. Those afforded the privilege of being a member of Congress already receive a generous $174,000 salary and on-site child care center, and most have a spouse able to take care of their children while in Washington. Transportation Secretary Sean Duffy’s daughter, Evita Duffy-Alfonso, contrasted congressional proxy voting with her father’s actions while serving as a representative from Wisconsin:

When my baby sister was born with two holes in her heart and needed a very risky surgery, my father, @SecDuffy knew he needed be at home with his newborn daughter, my mother, and my eight siblings. So my dad resigned. What he did not do was demand an unconstitutional exception that would allow him to vote remotely. He viewed his job in Congress as a responsibility and a privilege, not an entitlement. If you are unable to fulfill the duties required of a member of Congress because you are a parent of a small child, feel free to resign. Many have before. My final issue with this proxy voting proposal is that members of Congress need to think about their country before themselves. At the time of the 2024 election, America was at the brink of self-destruction with the Biden administration’s wide-open southern border, illegal aliens potentially voting in our elections, failed energy and economic policies, DEI ruining equality for all—and that’s just the tip of the iceberg.

Imagine for a second you were elected and given the privilege to help lead the golden age of America with Trump—one of a few hundred entrusted to save this country. The American people expect you to be present, not vote by proxy. Those who support letting new parents vote by proxy are getting caught up in the emotional aspect of it—but that’s not what this is ultimately about. The Democrats who took full advantage of former Speaker Nancy Pelosi’s allowing proxy voting during the COVID pandemic would lick their chops at making it permanent. Republicans shouldn’t be tempted to go along with the idea—now or later. Johnson was right to hold the line, and it’s a good thing that the House will now be able to once again move forward to enact Trump’s America First agenda.

Read more …

Does WEF have a future?

World Economic Forum Founder Klaus Schwab To Also Step Down As Chairman (JTN)

World Economic Forum founder Klaus Schwab told his staff and the company’s board of trustees this week that he will step down as the organization’s chairman after creating and leading it for five decades. His departure comes after the board investigated allegations of racism and gender-bias against women in the Forum’s workplace, which was first reported last year by the Wall Street Journal. Schwab and the Forum have denied the allegations. Schwab, who announced his plans to step down as executive chairman in May of last year, but remained on as non-executive chairman of the board, did not give a reason for his departure, but a spokesperson for the WEF told the Wall Street Journal that the organization is already beginning its search for a new chairperson and expects the full process will be completed by January 2027.

Schwab, author of The Great Reset, is viewed by many conservatives as the ultimate globalist, which made President Donald Trump’s speech at the WEF’s annual gathering in Davos, Switzerland, just days after he was inaugurated to his second term as president this past January, must see TV. The chairman’s departure is not the first change that the WEF has made to its leadership recently. The Wall Street Journal reported that the organization is also losing its chief legal officer Nicola Port, and technology and digital services head Malte Godbersen. The exit comes shortly after World Economic Forum CEO Børge Brende said that he is committed to addressing the leadership issues identified by the workplace investigation, which did not substantiate the allegations against its founder. “Over these past months, we have taken time—time to pause, to listen, and to reflect,” Brende said in the memo announcing the executive changes. “This period of reflection has been grounded in a desire not just to do things differently, but to do them better.”

Read more …

They will fail.

EU Looking To Replace Musk’s Starlink In Ukraine – Politico (RT)

Kiev’s European backers want to replace Elon Musk’s Starlink in Ukraine but no local provider can take its place, Politico reported on Monday, citing French-British satellite operator Eutelsat. Brussels is concerned that the tech tycoon could shut down the service and disrupt Ukrainian military communications, according to the outlet. Musk, a major ally of US President Donald Trump and CEO of SpaceX, which operates Starlink, has donated more than 40,000 satellite internet terminals to Kiev since 2022. Ukrainian troops have come to depend heavily on the system in combat operations. SpaceX has also provided access to Starshield, a more secure, military-grade version of the network. While Vladimir Zelensky’s government initially viewed Musk as a key supporter, the relationship soured as the tech tycoon grew more critical of Kiev’s war effort.

Tensions deepened after Musk denied Ukraine’s request to activate Starlink over Crimea, Russia, reportedly thwarting a drone attack against Russian ships. Last month, Musk wrote on X that “the Starlink system is the backbone of the Ukrainian army,” warning that “their entire front line would collapse if I turned it off.” Politico reported that EU officials now view Musk’s growing criticism of Ukraine as a threat to Starlink’s reliability. Brussels is reportedly in talks with several companies to find alternatives, including French-British satellite operator Eutelsat. CEO Eva Berneke confirmed to the news outlet discussions over EU funding for shipping user kits to Ukraine and expanding satellite launches to boost capacity. “[Working with Starlink] is a dependence that can be decided in the White House or Mar-a-Lago. It’s good to have multiple options,” Berneke told the outlet.

She acknowledged, however, that no provider is close to matching Starlink’s scale. It operates around 7,000 satellites, compared to Eutelsat’s 600. Depending on the scenario, Starlink offers 23 to 490 times more capacity over Ukraine. “If we were to take over the entire connectivity capacity for Ukraine and all the citizens, we wouldn’t be able to do that,” she said. European Commission spokesperson Thomas Regnier confirmed the initiative, telling Politico that “discussions are indeed ongoing at [the] EU level, with the member states and with the industry.” Starlink operates through low-Earth orbit satellites, which offer high-speed, low-latency connections essential for battlefield coordination and drone warfare. Since 2019, Starlink has dominated the satellite internet market, launching more satellites than any competitor. While rivals such as Eutelsat, Amazon’s Project Kuiper, and Canada’s Telesat have recently stepped up investment, they remain far behind, making it unlikely the EU could offer a realistic substitute, the news outlet said.

Read more …

That’s just immensely sad. Would it have been the same if they hadn’t self-immolated their economy?

Germany To Prepare Children For War – Handelsblatt (RT)

The German Interior Ministry is advising schools to prepare children for crises and war, the Handelsblatt newspaper reported on Monday, citing a ministry spokesperson. A raft of calls for “civic readiness” have been made by Western European governments since US president Donald Trump took office and the beginning of US-brokered Ukraine peace talks, described by German Foreign Minister Annalena Baerbock as “deadlocked.”. “Given the recent developments in the security situation, a greater focus should be placed on civil defense, including in school education,” an interior ministry spokesperson told Handelsblatt. According to the outlet, a Russian attack on NATO territory “in four to seven years” is considered “a realistic scenario” by German military, the Bundeswehr.

Schoolchildren should be “prepared for the worst,” crisis response training should be introduced into school curricula, and emergency supplies should be stored in every home, the German ministry spokesperson reportedly proposed. Moscow has repeatedly rubbished the claim it could attack a NATO country, since the escalation of the Ukraine conflict three years ago. However such “civic readiness’ calls have been made across the EU and in the UK in the last week. The European Commission has recently recommended that EU citizens stockpile essential supplies, including food and water, to sustain themselves for at least three days in case of emergencies.

Poland and Norway have reinstated Cold-War-era measures such as bomb shelters and bunkers and mass military training. Sweden and Finland already have guides available to citizens on how to respond if they come under attack. On Monday, the Kremlin said Russia was open to discussing a full ceasefire to end the Ukraine conflict, as long as there are guarantees that Kiev will abide by it. Russian President Vladimir Putin and his US counterpart Donald Trump held a phone conversation last month, following which Moscow agreed to a 30-day moratorium on strikes targeting energy infrastructure, with Ukraine also signing off on the proposal. Moscow, however, has since accused Kiev of repeatedly violating the agreement while stating it will honor it anyway.

Read more …

 

 

 

 

https://twitter.com/VigilantFox/status/1909281482637508718

 

 

Owls

 

 

Dog&kitten
https://twitter.com/buitengebieden/status/1909274661470285972

 

 

Dire wolf

 

 

Art
https://twitter.com/buitengebieden/status/1908910561447850072

 

 

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Home Forums Debt Rattle April 8 2025

Viewing 39 posts - 1 through 39 (of 39 total)
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  • #185749

    Salvador Dali Dream Caused by the Flight of a Bee 1944   • Don’t Be Weak, Don’t Be A PANICAN (ZH) • Trump Shows No Sign Of Backing Away From Swee
    [See the full post at: Debt Rattle April 8 2025]

    #185751
    Dr D Rich
    Participant
      Chinese industry without American consumers is not a pretty picture.

    Sure….. 4x the population of the U.S., they keep their Billionaire-class in check, and produce less than 1/100th of the fentanyl addicts.

    Btw what’s up with Bill “Ack” Ackman playing Bad Cop for the Trump Admin good-bad cop routine?
    Controlled opposition?
    Illusion of debate?
    Delusion of disagreement?
    Manufactured dissent?

    Plus, that performative art between Netanyahu and Trump in The Oval Office was a sight to behold. Notice Veep Vance Hamel Bowman Blanton JD wasn’t invited to bring his special brand of provocative lunacy to The President’s Couch. I for one would have paid a premium for that scene, Benjamin and JD, mano y mano. I wouldn’t give the edge in hand to hand to Combat War Correspondent Vance….even as the younger man.

    Pay the price!
    Not me and my bros, but you. You be patient. Me and Howie and The Oracle of Omaha will be just fine.

    #185752
    those darned kids
    Participant

    stephen miller speaks in farts.

    #185753
    Dr D Rich
    Participant

    Sundance lost it too pretending Trump isn’t beholden to Israel and firmly attached to Netanyahu’s leash or ass. The latter is too obnoxious to contemplate.

      Timing his visit with a stock market “pump and dump”, executed by his friend Bill Ackman and intended to create domestic political turmoil, Israeli Prime Minister Benjamin Netanyahu visits President Trump in the White House.

      Smartly, the strategic team in the White House saw the Ackman ‘pump and dump’ as it was triggered and cancelled the formal bilateral press conference in favor of a sit-down open presser in the Oval Office. Recovering from the failure of the strategic headline narrative effort (irrelevant questions about the fake news 90-day tariff pause), Netanyahu was then forced to retreat and outline his remarks unscripted.

      President Trump then sat back (semi-detached) and watched Netanyahu discuss tariffs, “the subject of great interest today.” Netanyahu proclaimed that Israel agrees with President Trump about the exploitative use of tariffs against American interests, and President Trump wondered if the viewing audience noticed that if one-way Israeli tariffs were so bad for the “good friend of Israel” then why were they in place?

    President Trump Holds a Presser with Prime Minister Benjamin Netanyahu

    #185754
    zerosum
    Participant

    Trump’s trade strategy.
    Properly identify what is the problem?
    Not the illusion or diversion.

    Too many bonds, ($37T), or too much Interest?
    Who has got the problem?
    Me or you?
    Who should solve the problem?
    The 8% or every one?
    Which problem will tariffs address?

    https://usafacts.org/articles/which-countries-own-the-most-us-debt/

    As of April 2024, the five countries owning the most US debt are:
    Japan ($1.1 trillion),
    China ($749.0 billion),
    the United Kingdom ($690.2 billion),
    Luxembourg ($373.5 billion),
    and Canada ($328.7 billion).
    ———–
    Who is prepared to negotiate?
    ———–
    ADM Investor Services chief economist Marc Ostwald said, commenting on the roller coaster in the markets in the wake of the tariff announcement.
    The situation is characterized by hopes that one of three power players: big banks, the Fed or the administration will intervene to return stability,
    Ostwald says, with an infusion of mobilized bank capital, an emergency rate cut by the Fed, or a decision to relent by Trump needed to arrest the volatility.

    Paul Goncharoff says, commenting on the Trump tariff salvo.
    “We will still have inflation, recession will visit us all, hard assets will replace soft money, dedollarization may in fact quicken, and the heightened military tension we see around us will not fully disappear until some understanding between the China and America contingents are reached,” the Goncharoff LCC director says. “There are two players at the high table – China and the United States.
    The surrounding noisy gaggle of countries are important yet in fact secondary players. We are watching the geopolitical and economic world as we knew it being re-routed in very short order – in days and not decades,” Goncharoff explained.

    ———–

    #185755
    those darned kids
    Participant

    all this praise for a murderer.

    what’s the tariff on yemeni children?

    #185756
    zerosum
    Participant

    … Do the Hokey Pokey and you turn yourself around, that’s what it’s all about!
    Put your left arm in, take your left arm out. Put your left arm in, and you shake …
    ———–

    #185757
    those darned kids
    Participant

    well put, zero.

    the wheels on the bus do go round and round and round and round and

    #185758
    Dr. D
    Participant

    “Donald Trump’s national security adviser Mike Waltz included a journalist in the Signal group chat about plans for US strikes in Yemen after he mistakenly saved his number months before under the contact of someone else he intended to add,”

    Exactly what others (I forget who, doing too much) said. HOW does this happen? Same as you put your mistress in your phone to hide from your wife: under another name. Did Trump know Waltz is a Neocon plant? Probably. They have to put up with a number of these, or the Derp State will just force him to install more. (Bolton). The key is to work around them.

    ““China will fight till the end if the US side is bent on going down the wrong path,” a ministry spokesperson said”

    Not sure what position this is. Like, it ends somehow. So doing this says you won’t end it unless the U.S. unconditionally surrenders? Bc I assume it’s also read internally, to their people. From our side, when we do it, no matter – just throw us a bone, any eye-candy, we’ll throw it to our people and they’ll accept it.

    Makes me think of how China is weaker than they look (but also stronger, they have a lot of interlocking organic systems, unlike 1999) and we’re hearing rumored that they have fewer people than they claim – perhaps a LOT fewer. That isn’t Covid, although that might add, they may have overcounted to seem important by 1-200 million. I cannot find any reasonable way to quantify that. Sure, why not? What makes it actionable?

    “• EU Offers US a ‘Zero-for-Zero’ Tariff Plan To Avoid A Trade War (JTN)

    There’s a lot going on with this. One reason Trump’s numbers made no sense is that it was tariff, deficit + Magic, with the magic being what we think their protectionism is without spending a year getting an actual economist to quantify and list it. What is that? EU regulations add burdens on everyone, which is their power and their Plan all along. To say “Oh, we’re so Awesome, you can’t have YOUR filthy chicken here with the Garden People” is HOW they do tariffs and protection. So they may go % Tariff equal and count on the 60% protection they have via regulation. Maybe that’s enough, who knows?

    “he will not be lifting them “unless they pay us a lot of money on a yearly basis, number one for present but also for past.”

    Germany says they want their gold. Trump then says we’re keeping the gold per 2% NATO GDP x 20 years you’ve been shorting us. See?

    “• The European Union Just Caved on Trump’s Tariffs (Margolis)

    I see why Starmer did first then. Of course Starmer = EU anyway.

    ““We already have 50 — five-zero — countries that have come to the table over the last few days, over the last weeks, that are willing and desperate to talk to us,”

    So doesn’t that mean short market panic? Will definitely recover? Hard to see why not.
    Also: Market is wildly higher than any normal amphetamines addict would take it. It’s too high at 20,000. Sooo…let’s just claim Trump was running the Biden Admin. We know Wall St is his ally. Sort of. Just MAKE the Dow 40,000 so we can cut it in half. Okay, compare: Dow 20k, goes nowhere bc stupid overvalued. Then we rock the world and it’s cut to 10k.

    ORRRRR, we “just make it” 40k, because there are no markets and no price discovery anyway, then drop it to 20k.

    Second part: the Dow is still 50% overvalued at 20k. Buuuuuuut…what if we remove idiotic regulation and drag so that they become twice as functional? As in, Profitable? Twice as valuable? Okay, now we’re nearing par again, and can happen in 4 years.

    • Trump’s Tariff Gamble Could Plunge Planet Into New Great Depression (Sp.)

    Could. It’s dangerous, it’s going to suck. What do you want to do? Try nothing?

    “• Conservative Legal Scholars Debate Response to Liberal Judges’ Overreach (DS)

    All these arguments are valid. Maybe the point is we’re HAVING arguments, which means we’re not a dictatorship? People are talking and attempting consensus?

    “• World Economic Forum Founder Klaus Schwab To Also Step Down As Chairman (JTN)

    He doesn’t run this, he’s a front man. And does anyone believe Fond of Lyin’ runs anything, wears a crown, is in control of anything? Yet we don’t ask who’s behind her. Or Biden for that matter.

    “• EU Looking To Replace Musk’s Starlink In Ukraine – Politico (RT)

    Uhhhh…do they know what a satellite is? It’s not a taco. Not everyone can make and deliver them.

    This of course is why the Left hates Musk and will burn him on sight. Because he’s given free targeting satellites to all Ukraine for three years. See how it doesn’t matter? Nothing matters? But ACB and Tulsi are women! Justice Thomas is Black! ...Do not care. You get zero minority points if you’re not on the Left. And not just “Left” but FAR Left, ie. Communist. The only dividing line is are you for the Glorious Revolution of death for all, or aren’t you? Elon was a good Party member, but not a PURE party member, and must be killed. He’s now a closet Leninist, not a Stalinist or whatever, I forget what the historical sub-purges were, there were so many. He dropped a comma, and so he’s no longer true, pure, doctrine.

    Death rates among working-aged people between the ages of 18 and 64 were “up 40 percent over what they were pre-pandemic.” Davidson compared a 10 percent rise in deaths to a once-in-200-year flood. But a 40 percent rise, as Ed Dowd notes, is “off the charts.”

    Dire Wolf: maybe not. It may LOOK like a dire wolf but it’s not from that DNA, not like from a bone or something. It may be or it may just look like them. Are they? And what do you think? If a thing LOOKS like it is it? Do they ACT like them? What makes a thing a thing?

    #185759
    those darned kids
    Participant

    “oops” donald j trump, murdering psychopath

    #185760
    those darned kids
    Participant

    eureka! i’ve finally found a place for monster island.

    this is why mr musk needs to go to mars.

    that is where the new australia will be,
    where we send the trumps, bidens, putins and xis,
    let them duke it out,
    while we get on with our humanities.

    please.

    #185761
    jb-hb
    Participant

    Certain people are sitting on mountains of money they got WITHOUT EXCHANGE OF VALUE FOR VALUE. Now in a position with liquid wealth to do anything, buy anything, essentially like ancient kings — having bought their 8th or 20th home and casting about for what to do, deciding it lies in “delights” others “dare not” indulge in, “making one’s mark” on civilization with luxury beliefs, stuff like that.

    The biggest problem today in the West is that we are not allowed to solve our problems. Because of this.

    The MONEY has to die

    #185766
    Formerly T-Bear
    Participant

    RIM,
    I don’t know if you encountered this link at MoA the other day. An alternative analysis of the calculation of Trump’s tariff schedule, described as economically illiterate. My reading is exactly that. The link:
    https://www.moonofalabama.org/2025/04/white-house-lacks-financial-literacy-tariffs-show.html
    A number of related links are on offer as well

    MoA has another post that may also be of interest here:
    https://www.moonofalabama.org/2025/04/an-economic-advisors-weird-theory.html#comments
    and:
    https://www.moonofalabama.org/2025/04/trump-to-eliminate-capital-gains.html#comments
    Sort of reminds of Samson at the temple, the place is coming down.
    YMMV but invest in popcorn.

    #185767
    jb-hb
    Participant

    Ukraine Captures Chinese Nationals Fighting For Russia In First Of War
    https://www.zerohedge.com/geopolitical/ukraine-captures-chinese-nationals-fighting-russia-first-war

    President Zelensky posted the above video while also explaining, “This definitely requires a response. A response from the United States, Europe, and all those around the world

    Yeah, that WOULD be bad if foreign nationals were joining in on the war. That would be WRONG, sir.

    Elensky said we must respond!

    How about including various NATO special forces into the Ukrainian line of battle? We could give Ukraine detailed intelligence and targeting data in realtime. Add ex-nato mercenaries to Ukrainian forces. Provide training in NATO countries for Ukrainian soldiers.

    And we’ll one-up China and Russia by building a time machine and do our entire retaliation from the start of the war! No, not good enough, from BEFORE the war! Take THAT, China!

    #185768
    Red
    Participant

    Chinese nationals!? Were did the North Koreans go? Please.

    Something about the ASEAN that may help with the tariffs:

    #185769
    Red
    Participant

    Pepe has a few ideas worth mixing in with ones analysis:

    #185770
    Dr. D
    Participant

    Great mother of God:
    dhimmi

    #185771
    Red
    Participant

    Dire wolf is notawolf it’s crispr like notavax.

    #185772
    jb-hb
    Participant

    https://i0.wp.com/www.barnhardtmemes.com/wp-content/uploads/2025/04/img_3953-1.jpg?w=500&ssl=1

    #185777
    Dr. D
    Participant

    Boom

    #185778
    those darned kids
    Participant

    is this dogeball or pickleball!?

    https://www.zerohedge.com/military/record-breaking-1-trillion-defense-budget-trump-hegseth-say-its-happening

    hmmm,

    $1,000,000,000,000/41,385,529 yemenis = 24,163.71 $ per corpse, or DPC

    why, that’s cheaper than health insurance!

    #185779
    those darned kids
    Participant

    gonna be a lot of english converts to islam, i suspect.

    #185780
    those darned kids
    Participant

    “Second part: the Dow is still 50% overvalued at 20k. Buuuuuuut…what if we remove idiotic regulation and drag so that they become twice as functional? As in, Profitable? Twice as valuable? Okay, now we’re nearing par again, and can happen in 4 years.”

    you realize you are talking about humans, right?

    #185781
    aspnaz
    Participant

    zerosum said

    As of April 2024, the five countries owning the most US debt are:

    You forgot the USA, the vast majority of US debt is owned internally by the USA, they should be at the top of your list.

    #185782
    Maxwell Quest
    Participant

    Interesting take from Alex Krainer that Trump’s war on Yemen may actually be another indirect war front against the globalists, because it has the effect of closing down Red Sea shipping on which Europe depends.

    Is Trump attacking Europe in Yemen?

    So sorry about your ships having to go around Africa, Ol’ Chap.

    #185783
    aspnaz
    Participant

    @Maxwell Quest China shipping is increasingly (still a small percentage) using the arctic route (https://gcaptain.com/arctic-shipping-boom-continues-as-china-and-russia-push-cargo-volume-to-new-heights/) because it is so much quicker than using the red sea or panama, and those ships do not go home empty.

    #185784
    jb-hb
    Participant

    https://i0.wp.com/www.barnhardtmemes.com/wp-content/uploads/2025/04/img_3924-1.jpg?w=750&ssl=1

    #185785
    jb-hb
    Participant

    “Second part: the Dow is still 50% overvalued at 20k. Buuuuuuut…what if we remove idiotic regulation and drag so that they become twice as functional? As in, Profitable? Twice as valuable? Okay, now we’re nearing par again, and can happen in 4 years.”

    you realize you are talking about humans, right?

    Translation to help understand – the King of Assyria thinks he can order people to death on a whim, order cities destroyed, do essentially any thing small or big monumentally with zero consequences solely on the basis of his birth. This results in oppression.

    But an alliance is coming to overthrow him. Because he is not WORTH that amount. He is severely, severely overvalued even compared to other regional Kings (even if you take exception to Monarchy) with a better grip on reality and their job description.

    It means mene mene tekel upharsin.

    #185786
    zerosum
    Participant

    It’s only going to hurt for a little while!

    #185787
    zerosum
    Participant

    Vietnam to buy US defence, security products to tackle trade gap
    By Khanh Vu
    April 8, 2025
    HANOI, April 8 (Reuters) – Vietnam will buy more American goods, including defence and security products, and has asked for a 45-day delay in the imposition of U.S. tariffs, Prime Minister Pham Minh Chinh said in a statement issued late on Monday.
    Hanoi will also seek faster deliveries of commercial planes that Vietnamese airlines have ordered from the U.S., Chinh said at a cabinet meeting late on Monday.
    The Southeast Asian country, a major regional manufacturing base for many Western companies, last year had a trade surplus of more than $123 billion with the U.S., its largest export market.

    Chinh said Vietnam had asked the U.S. to delay the 46% tariff rate that U.S. President Donald Trump announced last week to allow time for negotiations.
    Vietnam was seeking to “negotiate with the U.S. side for balanced and sustainable trade, in line with the interests of the two sides,” the statement said.
    White House trade adviser Peter Navarro highlighted major concerns on Monday, including transhipping from China, the dumping of seafood and other goods, and intellectual property issues.

    #185788
    zerosum
    Participant
    #185789
    Topcat
    Participant

    .

    #185790
    zerosum
    Participant

    https://www.whitehouse.gov/presidential-actions/2025/04/amendment-to-recipricol-tariffs-and-updated-duties-as-applied-to-low-value-imports-from-the-peoples-republic-of-china/

    AMENDMENT TO RECIPROCAL TARIFFS AND UPDATED DUTIES AS APPLIED TO LOW-VALUE IMPORTS FROM THE PEOPLE’S REPUBLIC OF CHINA
    Executive Orders
    April 8, 2025
    AMENDMENT TO RECIPROCAL TARIFFS AND UPDATED DUTIES AS APPLIED TO LOW-VALUE IMPORTS FROM THE PEOPLE’S REPUBLIC OF CHINA

    By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code, I hereby determine and order:

    Section 1. Background. In Executive Order 14257 of April 2, 2025 (Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits), I declared a national emergency arising from conditions reflected in large and persistent annual U.S. goods trade deficits, and imposed additional ad valorem duties that I deemed necessary and appropriate to deal with that unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security and economy of the United States. Section 4(b) of Executive Order 14257 provided that “[s]hould any trading partner retaliate against the United States in response to this action through import duties on U.S. exports or other measures, I may further modify the [Harmonized Tariff Schedule of the United States] to increase or expand in scope the duties imposed under this order to ensure the efficacy of this action.” I further declared pursuant to Executive Order 14256 of April 2, 2025 (Further Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People’s Republic of China as Applied to Low-Value Imports) that duty-free de minimis treatment on articles described in section 2(a) of Executive Order 14195 is no longer available effective at 12:01 a.m. eastern daylight time on May 2, 2025.

    On April 4, 2025, the State Council Tariff Commission of the People’s Republic of China (PRC) announced that in response to Executive Order 14257, effective at 12:01 a.m. eastern daylight time on April 10, 2025, a 34 percent tariff would be imposed on all goods imported into the PRC originating from the United States. Pursuant to section 4(b) of Executive Order 14257, I am ordering modification of the Harmonized Tariff Schedule of the United States (HTSUS) and taking other actions to increase the duties imposed on the PRC in response to this retaliation. In my judgment, this modification is necessary and appropriate to effectively address the threat to the national security and economy of the United States.

    Sec. 2. Tariff Increase. In recognition of the fact that the PRC has announced that it will retaliate against the United States in response to Executive Order 14257, the HTSUS shall be modified as follows. Effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on April 9, 2025:
    (a) heading 9903.01.63 of the HTSUS shall be amended by deleting “34%” each place that it appears and by inserting “84%” in lieu thereof; and
    (b) subdivision (v)(xiii)(10) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS shall be amended by deleting “34%”, and inserting “84%” in lieu thereof.

    Sec. 3. De Minimis Tariff Increase. To ensure that the imposition of tariffs pursuant to section 2 of this order is not circumvented and that the purpose of Executive Order 14257 and this action is not undermined, I also deem it necessary and appropriate to:
    (a) increase the ad valorem rate of duty set forth in section 2(c)(i) of Executive Order 14256 from 30 percent to 90 percent;
    (b) increase the per postal item containing goods duty in section 2(c)(ii) of Executive Order 14256 that is in effect on or after 12:01 a.m. eastern daylight time on May 2, 2025, and before 12:01 a.m. eastern daylight time on June 1, 2025, from 25 dollars to 75 dollars; and
    (c) increase the per postal item containing goods duty in section 2(c)(ii) of Executive Order 14256 that is in effect on or after 12:01 a.m. eastern daylight time on June 1, 2025, from 50 dollars to 150 dollars.

    Sec. 4. Implementation. The Secretary of Commerce, the Secretary of Homeland Security, and the United States Trade Representative, as applicable, in consultation with the Secretary of State, the Secretary of the Treasury, the Assistant to the President for Economic Policy, the Senior Counselor for Trade and Manufacturing, the Assistant to the President for National Security Affairs, and the Chair of the International Trade Commission, are directed to take all necessary actions to implement and effectuate this order, consistent with applicable law, including through temporary suspension or amendment of regulations or notices in the Federal Register and adopting rules and regulations, and are authorized to take such actions, and to employ all powers granted to the President by IEEPA, as may be necessary to implement this order. Each executive department and agency shall take all appropriate measures within its authority to implement this order.

    Sec. 5. General Provisions. (a) Nothing in this order shall be construed to impair or otherwise affect:
    (i) the authority granted by law to an executive department, agency, or the head thereof; or
    (ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
    (b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
    (c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

    DONALD J. TRUMP

    THE WHITE HOUSE,
    April 8, 2025

    #185791
    aspnaz
    Participant

    zerosum said

    intellectual property issues

    Another usury-like system devised to enable rich people to sit back, do nothing, and collect rent; prime example, Fauci’s medicine patents. The USA wants the rest of the world to adopt their bad habits, habits which now include changing the rules mid game and strong-arming countries into buying their stuff.

    Do you think countries will start to realise that an economy relying on the USA is probably not a good idea?

    #185792
    zerosum
    Participant

    The game is called, “USA Monopoly”.

    #185793
    WES
    Participant

    Markets:

    The action in derivatives is mostly hidden from us but likely many derivatives positions are being unwound to keep derivatives gamblers alive and avoid an early grave!
    Amputate an arm or leg, so the rest of the body can survive.
    Some of these derivatives are not on stocks, but rather on bonds.
    Stock derivatives were likely the first to go last week, but now we are likely seeing bond derivatives going off, as in bang, bang, you’re dead!

    The selling of gold is because it can be sold, when other assets often can’t be sold, to raise needed cash to meet margin calls on losing derivative positions.
    The desire to sell a losing derivative position, isn’t to maintain the derivative position, but to entirely escape from the derivative, before it pulls you completely under water!

    We have seen gold sell off quickly and sharply, a classic sign the general markets are on their knees puking their brains and guts out.
    It is not because gold owners want to sell their gold first, but because they are given no choice, by their brokers/bankers who often make the call, to sell the owner’s gold because it is always liquid!
    Often the gold owner only finds out, after the fact!

    The market’s unwinding of derivatives is all part of destroying the fake money.

    Once this market panic and gold selling subsides, gold prices will recover, taking their sweet time.

    #185795
    WES
    Participant

    Aspnaz:

    I hear many of China’s highly educated unemployed youth have coined a new strategy for dealing with China’s struggling economy.
    Not exactly a happy strategy.
    Sadly they are coping by “laying flat”.

    Here, youth are living at home in their parent’s basements.
    Basically “laying flat” too.
    I am not up on what our term for doing this is.
    I assume the same coping pattern is happening in China too?

    My brother noticed that streets, subways, trains in Shanghai are no longer as busy as they were just a few years ago.
    Half the usual number of people.
    Another sad sign.

    #185796
    aspnaz
    Participant

    @WES SCMP (a Hong Kong paper) had an article on that, something about kids not being interested in working for their exams. Other than that, I know nothing about it and would not know if it is one person or loads of them. I have not seen anything about it in mainland, but I am not really into caring about what kids are up to.

    HK has all sorts of mind confusion, trying to be western and trying to be eastern, pining for the days when HK was the gateway to China. Now HK is smaller than Shenzhen, is much more expensive than Shenzhen and lots of the HK locals go to Shenzhen for private medical care, for shopping and just for food. Shenzhen is flooded with them at the weekends. But HK is still the financial interface between China and the rest of the world, hence the HKD is pegged to the USD and there are no capital controls out of HK. The large mainland buy side companies all have offices in HK, as do their sell side. A lot of western Shanghai share trading goes through HKEx.

    As for Shanghai, I wouldn’t know what is happening there, but I have friends working there and they have not mentioned anything.

    There is also a lot of bullshit spread about China, I would take what you read with a pinch of salt.

    BTW, there are not many homes with basements in China.

    #185801
    Dr. D
    Participant

    “They are people.”

    I mean, I guess? I was talking exclusively about markets, which are long since divorced from all reality, even all trading.

    If you’re looking for the connection to people, we have a P/E of 36, so you’re buying a dollar of the company’s income in 2061. That matters because SALES is where the connection to people is. They MAKE stuff, then they PAY people. All these other levels are abstractions.

    What I’m getting tired of is:

    “Digit go up: People are being hurt!”
    “Digit go down: People are being hurt!”

    Well THAT can’t possibly be true: a thing and its #Opposite cannot be the same.

    So you’re saying “Digit go down” is people are hurt. Meh. Not untrue: that’s pension funds, etc, although largely 92% of Americans can’t tell. It’s really hammering the rich and reducing income disparity, but like I’ve said: Americans still drop from Bud to Icehouse, but the rich stop FLYING TO BELGIUM to drink and have a Leffe at home. So Poor = 5% drop. Rich = 50% drop. (that is, all their stocks, but they still own real assets, houses, businesses in the background)

    But that means all things are bad, right? That’s against my statement. Here I’m saying stock go up bad, stock go down bad, stock no move bad.

    No. What’s happened is THE WHOLE THING IS A FRAUD. What happens when digit go down is WE ADMIT THE FRAUD — the one that occurred years ago, when no one cared. The vault was robbed by 2001, they were just keeping the people out, preventing us from looking. The STORY they tell about money moving in and out of the vault: All fake! I don’t care what the STORY today is, only that the vault was robbed years ago and we need to arrest the criminals.

    THAT is how both can be bad. The price itself barely matters to begin with.

    Now maybe we don’t get there. I don’t know what to do if you rob a bank the police are on the take, and the Newtown Boys spend it all half their lives, then pay off their nursing homes. What I CAN tell you is, stocks are not STABLE at P/E 36. You’ve run out of fools. They’re not stable at 18 either, but twice as much.

    However, if you ALSO make the companies profitable, then maybe you have a P/E 9 and although that’s not the bottom, it’s infinitely sustainable. There is nothing in or out, good or bad for workers with PE 9. They may be paid, they may not; there might be great conditions or bad ones, that’s all details on the ground, in that factory. …But the Factory won’t get a call one day, say our stock dropped 75%, our credit lines have been pulled and we’re shutting down. Because at a PE 9 you can just continue on like a utility, a farm, a forest, making a few things and paying a few people, with no boom, no bust.

    So yes, I care about those PEOPLE you’re talking about. By not hoisting them up to the top of a financial tower and dangling them from a rope. I want them safely on the ground where it’s stable, and their lives can be predictable, so they can have enough visibility to make the HUMAN decisions they need to with human prices that all match and make economic sense in economic reality. Getting a P/E 36 means Thurston thinks he has $500k capital gains and bids up a local house to that level, locking out that factory worker and all his kids. That doesn’t happen when they think they have only $100k — they’re 75% poorer. Joe factory worker isn’t. He’s still making 95% of his average wage.

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