Quote:
Originally Posted by nomad1000!
Tariffs have had a very consistent history of cause and effect. Stagflation is the final outcome, slow to no growth w elevated inflation which ties the hands of policy makers and is almost impossible to break except for a good old fashioned war … or just waiting it out for a lost decade or two.
There are plenty of much wealthier and polished billionaires much richer and more business savvy than Trump, they all know he’s a buffoon w regards to business and financial knowledge.
Let’s hope this all is just some reasonable bullying and not just tariffing everybody for the sake of being the biggest bully on the street. This guy doesn’t understand the difference between trade imbalance/deficits and actual tariffs. He doesn’t realize online content which USA dominates is actually trade surplus revenue to a tune of 600 bil a year. Watching Warren Buffett try and keep a straight face not to slam trumps tariffs was quite a watch, it’s a huge tax on American public and trumps assertion the market crash is Biden fault is just plain funny.
Here’s hoping he’s playing the game to bring countries to the table but until he actually learns the difference between tariffs and deficits, countries won’t bow down to give their kids away per say, they will do a work around with each other and avoid USA everything.
Hoover, Jimmy Carter and trumpy all going the same trail except Trump is turbo charging tariffs. I’m sure prices will be dropping any day now.
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You want to talk about inflation, then stagflation then look no further than what we have been doing since 2008. The fed calls it "quantative easing" but all htat is, is "printing" money. they actually don't print it either. It is just fake money that they say is in the system. By 2012 they added $4 Trillion into the system.
You can read about it here,
https://en.wikipedia.org/wiki/Quantitative_easing but don't hang this shit on trump. If anything, he is the only one with some sense to try to fix things after this disastrous decade and a half of nonsense. If anything, he shou8ld have dealt with this in 2016 but the treasonists did their best to hobble the presidency because they were butthurt that Hildabeast was so hated that even a $1.5 billion dollar campaign couldn't get her over the finish line. Fun fact: Kamala was even more hated and they spent over $2. billion on her and still lost, lol
