Debt Rattle April 3 2025

 

Home Forums The Automatic Earth Forum Debt Rattle April 3 2025

Viewing 25 posts - 41 through 65 (of 65 total)
  • Author
    Posts
  • #185474
    WES
    Participant

    After Covid:

    After living though the covid vac experience, I would say the biggest change that has occurred to me is that my “TRUST” level has reached the lowest point in my life.
    I simply don’t trust anybody that now tries to tell me what to do.

    Yet for those around me, it doesn’t seem to have changed their level of trust.
    They still trust authority without question.
    I hope I am wrong, but very much doubt it.

    #185475
    jb-hb
    Participant

    #185477
    those darned kids
    Participant

    donald trump is a murdering sack of crap every bit as evil as joe biden.

    #185478
    zerosum
    Participant

    https://www.whitehouse.gov/presidential-actions/2025/04/further-amendment-to-duties-addressing-the-synthetic-opioid-supply-chain-in-the-peoples-republic-of-china-as-applied-to-low-value-imports/

    Further Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People’s Republic of China as Applied to Low-Value Imports
    Executive Orders
    April 2, 2025

    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, it is hereby ordered:

    Section 1. Purpose. Many shippers based in the People’s Republic of China (PRC) hide illicit substances and conceal the true contents of shipments sent to the United States through deceptive shipping practices. These shippers often avoid detection due to administration of the de minimis exemption under section 321(a)(2)(C) of the Tariff Act of 1930, as amended (19 U.S.C. 1321(a)(2)(C)).

    As noted in Executive Order 14195 of February 1, 2025 (Imposing Duties to Address the Synthetic Opioid Supply Chain in the People’s Republic of China), as amended by Executive Order 14228 of March 3, 2025 (Further Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People’s Republic of China), these exports play a significant role in the synthetic opioid crisis in the United States. In Executive Order 14200 of February 5, 2025 (Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People’s Republic of China), I suspended the elimination of duty-free de minimis treatment on articles described in section 2(a) of Executive Order 14195. The Secretary of Commerce has notified me that adequate systems are now in place to process and collect tariff revenue for covered goods from the PRC otherwise eligible for duty-free de minimis treatment under 19 U.S.C. 1321(a)(2)(C). Accordingly, duty-free de minimis treatment under 19 U.S.C. 1321(a)(2)(C) shall no longer be available for products of the PRC (which include products of Hong Kong) described in section 2(a) of Executive Order 14195, as amended by Executive Order 14228, including international postal packages sent to the United States through the international postal network from the PRC or Hong Kong, that are entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 am eastern daylight time on May 2, 2025. Additional duties for such imported merchandise shall be collected at the rates described in this order.

    Sec. 2. Assessment of Duties on Low-Value Products of the PRC. (a) Other than articles sent to the United States through the international postal network (for which a duty is separately provided as described in subsections (b) and (c) of this section), all shipments of articles described in section 2(a) of Executive Order 14195, as amended by Executive Order 14228, that are products of the PRC or Hong Kong; that are sent to the United States; that are valued at or under 800 dollars and that would otherwise qualify for the de minimis exemption authorized in 19 U.S.C. 1321(a)(2)(C); and that are entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 am eastern daylight time on May 2, 2025, shall be entered by a party qualified to make entry under another appropriate entry type in the Automated Commercial Environment (ACE) operated by U.S. Customs and Border Protection (CBP) of the Department of Homeland Security, with all applicable duties, including those imposed by section 2(a) of Executive Order 14195, as amended by Executive Order 14228, and paid in accordance with the applicable entry and payment procedures. Executive departments and agencies, including the Department of Homeland Security, through CBP, shall take all necessary actions to effectuate the objectives of this order, consistent with applicable law, including through temporary suspension or amendment of regulations or notices in the Federal Register. The United States International Trade Commission shall continue to act ministerially by modifying the Harmonized Tariff Schedule of the United States (HTSUS), as needed, to reflect the actions set out in this order.

    (b) Imposition of Duty.

    (i) All postal items containing goods described in section 2(a) of Executive Order 14195 and sent to the United States through the international postal network from the PRC or Hong Kong and transported by carriers that are valued at or under 800 dollars and that would otherwise qualify for the de minimis exemption authorized in 19 U.S.C. 1321(a)(2)(C) shall be subject to the duties described in subsection (c) of this section. In order to address the threat of the PRC’s failure to act to blunt the sustained influx of synthetic opioids into the United States, while allowing for the orderly flow of legitimate international mail, the duties imposed in subsection (c) of this section, except as required by applicable law, are imposed in lieu of any other duties that the shipments would otherwise be subject to, including the 20 percent ad valorem duty established in Executive Order 14195, as amended by Executive Order 14228; most-favored nation rates embodied in the HTSUS; and duties imposed pursuant to section 301 of the Trade Act of 1974.

    (ii) CBP is authorized to require the carrier transporting the international postal package into the United States to remit payment of the duty described in subsection (c) of this section to CBP monthly or on such other periodic time frame as CBP determines appropriate, and CBP may issue regulations and guidance as necessary or appropriate to implement and enforce this requirement.

    (iii) All carriers that transport international postal packages from the PRC or Hong Kong to the United States as part of or on behalf of the international postal network must report to CBP the total number of postal items containing goods and, if electing the duty rate specified in subsection (c)(i) of this section, the value of each postal item containing goods, transported per conveyance, in a timeframe and manner prescribed by CBP. CBP may require submission of documentation and information from the carrier to verify the total number and value of individual postal items containing goods to be electronically transmitted through the ACE.

    (c) Duty Rates. Transportation carriers delivering shipments to the United States from the PRC or Hong Kong sent through the international postal network must collect and remit duties to CBP under the approach outlined in either subsection (c)(i) or subsection (c)(ii) of this section. Transportation carriers must apply the same duty collection methodology to all shipments; however, transportation carriers may change their collection methodology once a month or on such other periodic timeframe as CBP determines appropriate, upon providing 24-hour notice to CBP.

    (i) Ad Valorem Duty. 30 percent of the value of the postal item containing goods for merchandise entered for consumption on or after 12:01 am eastern daylight time on May 2, 2025.

    (ii) Specific Duty. 25 dollars per postal item containing goods for merchandise entered for consumption on or after 12:01 am eastern daylight time on May 2, 2025, and before 12:01 am eastern daylight time on June 1, 2025, and 50 dollars per postal item containing goods for merchandise entered for consumption on or after 12:01 am eastern daylight time on June 1, 2025.

    (d) Bond Requirement. Any carrier that transports international postal items containing goods from the PRC or Hong Kong to the United States, by any mode of transportation, must have an international carrier bond to ensure payment of the duty described in subsections (b) and (c) of this section. CBP is authorized to ensure that the international carrier bonds required by this subsection are sufficient to account for the duty described in subsections (b) and (c) of this section.

    (e) Discretion to Require Formal Entry. CBP may require formal entry, in accordance with existing regulations, for any international postal package that may otherwise be subject to the duty described in subsections (b) and (c) of this section. An international postal package for which CBP requires formal entry will not be subject to the duty described in subsections (b) and (c) of this section, and instead will be subject to all applicable duties, taxes, and fees in accordance with all applicable laws.

    Sec. 3. Implementation of Duty. The Secretary of Homeland Security is directed to take all necessary actions to implement this order. Consistent with section 4 of Executive Order 14195, the Secretary of Homeland Security, in consultation with the Secretary of the Treasury, the Attorney General, and the Secretary of Commerce, is authorized to take such actions, including adopting rules and regulations, and to employ all powers granted to the President by IEEPA as may be necessary to implement this order.

    Sec. 4. Homeland Security Authorities. Nothing in this order limits the ability of the Department of Homeland Security to use any available legal authorities granted to ensure compliance with the provisions of this order.

    Sec. 5. Monitoring. Within 90 days of the date of this order, the Secretary of Commerce, in consultation with the United States Trade Representative, shall submit a report to the President regarding the impact of this order on American industries, consumers, and supply chains and making recommendations for further action as he deems necessary, including a recommendation on whether extending de minimis ineligibility to packages from Macau is necessary to prevent circumvention of this order.

    Sec. 6. 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 2, 2025.

    #185479
    D Benton Smith
    Participant

    @jb_hb

    The funding, at least, is drying up. That’s a thing that really happened.

    I wish that were actually true, but the sad truth is that DOGE is only trimming away the grift & graft from the rank and file lowest of their low-level political opponent operatives. A $billion here, a $billion there. Chump change, actually, that doesn’t amount to a hill of beans in comparison to the money still flowing directly back into the grift machine that feeds them all. Trump, Israel, Musk, and the Gargantuan M.I.C. are still sucking so many $trillions into the secret Dark Civilization they’re all part of that it makes mere $billions look like nothing.

    While that kabuki theater keeps the bamboozled citizenry up in arms aboutpeanuts so small that they don’t even move the decimal point of our so-called National Debt, the REAL money continues pumping out unabated to the world wide grift & murder machine at such a scale that it barely makes sense to even mention the numbers. MANY QUADRILLIONS in the decades since it really got rolling in the 1940’s, certainly. Enough to build and operate a completely autonomous and virtually invisible “Alternate Civilization” that operates with total impunity. NO ONE HAS BEEN ARRESTED, and no will be, either.

    Trump is murdering children with 2000 pound bunker busters, even as we speak. He threatens to escalate even that obscene crime against humanity if his intended victims don’t unconditionally surrender to his demand that they just DIE. Musk became the world’s richest man on multiple and simultaneous padded government contracts. The ENTIRE Trump Cabinet just collaborated on mass-murder-for-hire in Yemen on behalf of self-admitted genocidal maniacs in Israel.

    These are not nice people. These are not even sane people. They are people so degraded into abject evil that their dishonesty exceeds our imagination. They do believe that their petty and selfish desires are literally more important than the very lives of the people who don’t want to be killed so that Trumpkin can gold plate more trophies and skyscrapers.

    It’s a matter of scale. They cut off our legs and offer to rent us wheelchairs in return as compensation. Trump played along with the vax that is still killing and maiming innocent people by the tens of millions. He’s playing “War Games” with countries that have done us no harm. Musk wants to put chips in our brains and hook everyone stupid enough to do it into an “AI Everything” dystopic slave society.

    I apologize for the rant, but at the same time I want to yell loud enough so that everyone has the chance to actually get the point, and the point is that Trump and team have not given us one damned thing yet. Not one damned thing that even comes close to beginning to offset the ongoing crimes that have become so habitual that they are normalized. Americans thinks that what our government has been doing for the past 80 years or so, while being objectionable so is somehow acceptable because the hypnotist has told them so.

    #185480
    WES
    Participant

    Post Tariff Day 1:

    The markets reacted today to yesterday’s tariff announcemen.
    Kind of knee jerk reaction that might still have gotten the long term direction wrong.
    Everything is as clear as mud!
    But time will tell.

    The USD fell almost 2 from 104 to 102, an usually big daily move.
    (So Trump will be happy that the dollar weakened.)

    Gold fell nearly $100, ($94) from $3149 down to $3055, or 2.9% before recovering to above $3100.
    Silver fell nearly $2, from $34.49 to $31.64, or 5.5% but didn’t recovered at all.
    The gold/silver ratio shot up 4, from 94 to above 98, again an unusually big daily move.

    Today’s takedown of gold and silver was clearly orchestrated by the big boyz!
    What is interesting is, after the takedown move, gold has recovered most of it’s daily losses, while silver has not recovered any of it’s daily losses.
    This all points to the big Boyz manipulating silver to orchestrate today’s bloodbath in gold (and silver).
    The silver market is nearly 1/100th the size of the gold market.

    All this is nothing new in the gold and silver markets.
    This activity has has been going on, like forever.

    The recent rise in gold from $2600 to $3100 has occurred in just 500 days.
    Previous $500 rises in gold have usually taken a 1000 days to occur.
    So gold’s recent $500 rise has occurred unusually rapidly, in a less controlled pace than normal.

    Some speculate that western central banks have been slowly losing control over the gold and silver markets and their repression of gold prices is no longer as effective as it once was.
    One reason for this loss of control over gold, has been China’s big move into the gold market over the last 25 years or so.

    Gold was exempted from TRUMP’S tariffs, so the big scramble to onshore gold into the US may now be over.
    Not sure why anyone ever thought Trump would tariff real money!

    These tariff resets are one big economic experiment, but rooted in past (pre – 1900) history.
    Economists say tariffs are bad, but what these same economists have been prescribing for the past 50 years or more, sure hasn’t shown much success.

    #185481
    WES
    Participant

    The Shrinking US Postal Service:

    Trump Eliminates Duty Free Postal Imports:
    See Zerosum’s comment above for executive order details.

    Most of what the US Postal Service does today is deliver for free in the US, cheap Chinese goods for China.
    This was not accidental!
    Congress set it up so.
    Now Trump is shutting this US taxpayer supported Chinese delivery service!
    This will completely shutdown the free delivery of Chinese goods imported and delivered via the US Postal Service into the US!
    So the US Postal Service will no longer need most of it’s nearly 1 million employees!

    So far, I haven’t seen a Dem judge block this from happening, but 3, 2, 1, ……

    #185482
    aspnaz
    Participant

    zerosum said

    You hate Trump and his “Tariff war” solution.
    Therefore, Propose something that will be better and solve the $36 Trillion problem.

    First you need to know the root of the problem you are trying to solve; why is the USA in economic decline. Sure, you can blame China, but manufacturing moved from the USA to China because the business owners got better returns in China; some then moved to Vietnam for the same reason. So the real problem is how to make the USA competitive again.

    Slapping taxes on imports will either cause inflation (people now paying the uncompetitive US price for goods) or stagnation (people stop buying stuff and make do with what they have). Most likely it will be a combination of both. Increasing taxes goes some way to relieve the debt payments, but does little for the core problem. Inflation does tackle the core problem, the uncompetitiveness of US industry. Germany achieved a similar trick by adopting the Euro, a currency that enabled them to maintain massive exports without paying the price of the Euro becoming a very valuable currency; the DM had suffered that fate.

    How are tariffs going to make US manufacturing more competitive? By reducing the value of the USD. How far will the USD have to drop to make the cost of manufacturing in the USA comparable to the cost of manufacturing in China. And what about the impacts on other aspects of the US economy, such as its ability to print money. Who will want to hold USD when it is declining in value? What rates will the US have to pay to keep people buying securities? Will the USA be able to afford those rates?

    From an outsider’s perspective, I think the US has to do more than introduce inflation. It seems to me that China beats the USA in a number of ways:
    a) China has amazing infrastructure that enables shipping of goods across the country for almost nothing – my sacks of malt (25kg) cost less than 5 USD to ship from anywhere in China. This opens up the Chinese economy to everyone in the country, you do not have to rely just on local businesses.
    b) China has very few regulations. For example, CO2 costs the earth in Hong Kong because the old British regulations regarding the transport of dangerous goods are still in force. In mainland China, none of those restrictions apply, so you can get a bottle of CO2 delivered to your door. This even applies to soda stream machines, the little bottles of CO2 cost up to five times more in HK than in mainland, the reason being that the dealers are all licensed and have invested to meet all the safety regulations.
    c) China does not waste money on things that do not further the prosperity of the country. Net zero and all these other multi-trillion scams have been happening in the west for decades. China does not have that approach to business, but they will make your solar panels for you if you insist.
    d) China’s currency is controlled internally, it does not permit external actors to manipulate its currency for their own nefarious purposes. Sure, the RMD could have taken over from the USD had China wanted that, but they consider the downsides as too costly.
    e) Chinese leaders are hugely patriotic. They want to win financially, but they also want all of China to win, not just themselves, but the whole of China. Hence the CK Hutchison deal was scuppered; the leaders of the CCP control the country, not the billionaires. Immigration is closely controlled.
    f) China’s government is manned by some of the best people that China can produce. Working for the government is a prestigious job, it attracts the best people. That is how the Chinese government manages to pull off some truely amazing projects etc., projects above the heads of western governments.
    g) China does not have the huge legal infrastructure that defines business in the USA. If a company copies your product then make a new one, that is the Chinese thinking. If you cannot keep making new products then you drop behind or you copy an existing product, there is not much room for sitting back and living off past successes.
    h) Chinese people love technology, they will adopt new technology without the fear of being spied on by the government. Everybody in China has an ID card, a registered telephone number etc, everyone is being watched by the government, there is CCTV everywhere, so you sort of get used to it, similar to living in London, you know you are being watched, but you get used to it. The difference is that CCTV in China massively reduced the crime rates, whereas in London the knife crime seems to be out of control. Go figure, as they say. Adopting new technology reduces costs even further.

    I still believe that the USA beats China in innovation, mostly because of financial liquidity. More VC money is being spent in the USA due to the financial controls in China and the once-excellent universities in the USA. But that is rapidly changing as China improves its industry and they start to lead the world in everything.

    Until the USA addresses some of its core problems, China and the rest of the world will leave the USA behind, in self isolation.

    #185483
    aspnaz
    Participant

    WES said

    These tariff resets are one big economic experiment, but rooted in past (pre – 1900) history.

    My understanding is that tariffs in the past were the sole mechanism used to fund the federal government. Trump has introduced tariffs but has kept all other taxes, so instead of getting rid of income tax, the tariffs are in addition to income tax. So although the historical angle is interesting, is it really the same? I know Trump has talked about getting rid of income taxes, but Trump talks about lots of stuff, his mouth is not a good guide to his actions.

    #185484
    D Benton Smith
    Participant

    Imagine that there is an overwhelmingly big giant tromping towards your house. Each time he takes a giant step the ground shakes, and it’s moderately alarming, but he’s still off in the distance far enough that there is no immediate danger of his actually reaching your house or doing anything to you.

    Now imagine that there is not one giant, but a dozen giants, approaching from all points of the compass. You are encircled, and every time the ground shakes you know that they are all one giant step closer, but still there is no serious harm to you at the moment, and the giants are still pretty far away. Not too much you can do about it anyway because they are giants, after all, and they don’t stop when you tell them to.

    Who the Hell are these giants anyway, you wonder, and what do they want? Well, one of the giants is called Death of the Dollar, and another is called Vaxxine Revenge, and the others are called things like Military Strength, Manufacturing Capacity, Quality of Education, Reproductive Fertility Rate, Political Corruption, Colonial Rape, Child Trafficking Revenge, and various other things that all come down basically to some form of Past Sins Coming Home To Roost.

    The closer they get the stronger the ground shakes, and you notice that it looks like they’re all going to arrive at roughly the same time. You also wonder what the hell it is that they want (though you’re pretty sure it’s not going to be anything that you like.)

    So, what are they going to do upon arrival? Pretty much any damn thing that they want to do, that’s what, because they’re friggin’ giants and you are way past your glory days in many many crucially important ways such as physical strength, manufacturing capacity, and moral courage.)

    So that returns to the question of, what do the gang of giants want? Easy answer. They want the United States and the rest of the foul Cabal to stop doing the horrifyingly evil things that have become their standard way of doing business. You know, stuff like lying, cheating, stealing, killing and raping their children as though children were a commodity like Tyson frozen chicken meat instead of human beings and the hope of the future.

    If you think that the charges are unfair or exaggerated, or that the giants haven’t got a legitimate complaint, then I’m here to tell you before visitors arrive, that the behavior in question is way worse than most folks can even imagine. “Biblical” in proportions would not be an overstatement, and we have very little time before there’s a big knock on the door. Better have some damn good answers ready, or better yet, stop working for the wrong boss.

    #185485
    tboc
    Participant

    say “Margin Call”
    then say
    Blackrock, Vangard

    #185486
    poppie
    Participant

    aspnaz
    I see in your comments exceptional rhyme with reality. Drama free. I cant disagree with a word.

    #185487
    zerosum
    Participant

    It’s too late to change horse.
    Tariffs system or change to the system in China.

    #185488
    those darned kids
    Participant

    #185489
    citizenx
    Participant

    America has been Netanyahu’s (Israel)s pawn for decades.
    Netanyahu (Israel) has been behind the push for America to destroy Iraq, Libya, Syria and now Iran.

    Kucinich

    Genocide in Gaza
    Excellent illustration. Non-violent protest

    Phoenix-

    Non violent protest for Gazans has resulted in them being murdered. So they are fighting back against an immoral Israel. Sometimes you may need to resort to violence to defend yourself, your family, other beings…

    Like the unfettered video- Gaza’s violent resistance has opened the worlds eyes to Israel’s genocide.
    I don’t condone violence at all. The Covid experimental mandates were a form of non-violent violence against humanity. Psychological warfare (or abuse) is a form of psychological violence without raising a finger. Violence can be very subtle.

    Yemen

    No “victory”: not against these unconquerable heroes.

    Escobar

    Vietnam, Afghanistan, Yemen… never conquered.
    You’d think the U.S. would wise up ? Speaking of violence.

    Christine Fauci How does it feel ?

    “If you refuse the vaccine…you won’t be able to work…”

    You went to the finest schools all right, Miss Lonely
    But you know you only used to get juiced in it
    Nobody taught you how to live out on the street
    But now you’re gonna have to get used to it

    You said you’d never compromise
    With the mystery tramp, but now you realize
    That he’s not selling any alibis
    As you stare into the vacuum of his eyes
    And say do you want to make a deal?

    How does it feel
    How does it feel
    To be on your own
    With no direction home
    A complete unknown
    Just like a rolling stone?

    Yeah, the princess on the steeple all the pretty people
    Drinkin’, thinkin’ that they got it made
    Exchanging all kinds of precious gifts
    Even to take that diamond ring, you’d better pawn it babe

    You used to be so amused
    At Napoleon in rags with the language that he used
    Now go to him now, he calls you, you can’t refuse
    When you got nothing, you got nothing to lose
    You’re invisible now, you got no secrets to conceal

    #185490
    citizenx
    Participant

    For thinkers through thousands of years- an 8 series lecture from Socrates to Kierkegaard to “post modernism”

    For too many trapped Westerners- thinking, philosophy, musings…need to “go somewhere” , not realizing that the Art of Thinking is one of the greatest gifts of being Human and cultivating awareness.

    #185491
    citizenx
    Participant

    The Unfettered Mind- by Takuan Soho
    Writings of the Zen Master to the Sword Master

    – The Mysterious Record of Immovable Wisdom (pt1)

    – The Clear Sound of Jewels (pt2)

    – Annals of the Sword Taia

    All three chapters/essays are addressed to the samurai class, and all three seek to unify the spirit of Zen with the spirit of the sword.

    The Unfettered Mind (不動智神妙録, Fudōchi Shinmyōroku) is a three-part treatise on Buddhist philosophy and martial arts written in the 17th century by Takuan Sōhō, a Japanese monk of the Rinzai sect. The title translates roughly to “The Mysterious Records of Immovable Wisdom”. The book is a series of three discourses addressed to samurai but applicable to everyone who desires an introduction to Zen philosophy, the book makes little use of Buddhist terminology and instead focuses on describing situations followed by an interpretation. Its contents make an effort to apply Zen Buddhism to martial arts.

    PDF here-

    https://archive.org/download/the-unfettered-mind_202010/TheUnfetteredMind.pdf

    Ranks with The Diamond Sutra, Tao Te Ching

    #185492
    citizenx
    Participant

    people forget, or never fully realize, that your life is getting (or going) nowhere except to Death

    Live like it. Free until Death, then free of the constraints of your body.

    Memento Mori –

    “Remember to die ”
    Remember that you must die
    Remember that you will die….

    Remember to Live….fully.

    #185493
    WES
    Participant

    Aspnaz:

    Certainly China has so far escaped the financial paradox of the burden/benefit of one’s currency serving as the world’s reserve currency.

    It is hard for the US to cheapen it’s currency and maintain it’s reserve currency status.
    It is like having a cake and wanting to eat it too!
    You can only have one, not both.

    Regarding Trump wanting to eliminate most income taxes, I see Congress and interest on gov debt saying otherwise.
    Trump only has less than 2 years to implement his changes before the Dems (Uniparty) regains control of Congress.

    Trump is trying to deal with the US gov debt by reducing gov spending and by lowering US interest rates.
    The bond market is giving him some time by waiting for now.
    Maybe this is why Trump is trying tariffs?
    Maybe he has no other choice?
    Nothing else has worked todate.

    I am puzzled why the bond market didn’t rein in Joe Boden and company’s totally out of control spending before now?

    #185494
    those darned kids
    Participant

    hi, citix!

    y’all scolded me for saying mr trump was evil.

    “give ’em a chance”, say thee.

    well?

    #185495
    zerosum
    Participant

    Other worst option to tariffs
    more taxes
    war
    poverty
    migration
    recession/depression
    Uncontrolled implosion
    depopulation/genocide

    #185496
    poppie
    Participant

    late night with tae

    #185497
    zerosum
    Participant

    In topology,
    a coffee cup and a donut are considered topologically equivalent because they both have one “hole” or “genus one” and can be continuously deformed into each other.
    In Convergence,
    it is when two or more things come together to form a new whole,

    #185505
    aspnaz
    Participant

    WES said

    I am puzzled why the bond market didn’t rein in Joe Boden and company’s totally out of control spending before now?

    I am no economist, but I would suggest that it is due to the US balance of payments deficit. Consider China, they sell way more to the USA than the USA can possibly sell to China – other than as bonds. As a result China has stacks of USD. Their only way to use those USD are to buy bonds or buy goods and services from the USA or any other country that wants USD – not many as the USA has a negative balance of payments. They do buy lots of food from the USA, that uses up some of their USD, but basically the balance of payments is so far in China’s favour that they cannot spend all their USD. What can they do? They know that in the end their USD bonds are going to crash, but unless they can convert them into gold first – and they have been doing this for a long time, but there is only so much gold – then they have to hold USD.

    Here is an interesting view of the US current account – https://www.bea.gov/news/2023/us-international-transactions-1st-quarter-2023-and-annual-update – and BoP – https://think.ing.com/articles/us-bop-debt-complacency-needs-to-be-watched/.

    Although Trump talks very tough on tariffs and China, he is totally dependent on the likes of China to keep the USD afloat; were China to refuse to trade in USD and hence buy bonds, the USD would rapidly lose value, even quicker than via tariffs.

    #185509
    Dr D Rich
    Participant
      “…manufacturing moved from the USA to China because the business owners got better returns in China.

    Yeah a one-eyed Beast named Manurefacturing moved with gravity, wind, water currents and solar radiation AND to China of all places, The Manufacturing spared the accusations of unpatriotism by the likes of SoS Marco Rubio’s peanut sized brain. No ppl like John Robert’s Daddy made decisions for Those Manufacturings chasing those as yet to be realized Returns because how could they know the future of unrealized returns. However they knew there were 4 to 5x as many starving ppl with collective IQs higher than even The Indians preferentially taking over America’s Leaderships.

    So, aspnaz and by your analysis and logic what stopped The ManufacturingS from adopting the Guaranteed Blessings of High Technology and let’s say modernizing The US Steel Industry 50 years ago?

      Adopting new technology reduces costs even further

    ….and a countryside despoiled by technology rendered useless by the con artists running con-games on the rubes “Managing Medicine”. And ppl wonder why healthcare is bad and often times deliberately abusive. Look no further than the IT shits ensconced about every medical center.

      First you need to know the root of the problem you are trying to solve;

    Not enough businessmen and managers and bankers. Capitalism

      So the real problem is how to make the USA competitive again

    No one means competition when they say that’s the ticket because the next nurse or MBA will be spouting the beauty and abundant miracles of collaboration, cooperation and teamwork, always teamwork when they sense “the competitor” getting ahead.
    Just who is the referee of This Competition? The Free Market?
    Ds Price-Seeking Phantam?

    Manufacturing just had it’s own thoughts and got up and moved organically leaving no abandoned loyal workers and communities in their calculus. That’s not Manufacturing’s problem

Viewing 25 posts - 41 through 65 (of 65 total)
  • You must be logged in to reply to this topic.

Sorry, the comment form is closed at this time.