They are actually much more resilient! They're not also dependent by their instant gratification needs to have the newest iphone or playstation.. etc!
This is what the rednecks and Trumpers don't get. China was a major power long before Washington was a sperm cell in his daddies nutsack.
If they get slammed by this trade war they will just roll with it like they have done for many centuries. It's not like Xi needs to win elections.
With all the market concentration we have pretty much been a planned economy for years anyways. E.g. AgriStats forming what is effectively a meat packing cartel of five members, only have three companies to choose from when it comes to cereal, two companies controlling most beer, three most soda, etc.We are a centrally planned economy now.
Trump has done this by Congress allowing their power to be usurped by a tyrant.
Now Americans everywhere will pay the price and suffer the fate of all planned economies. Abject failure and poverty are our future prospects.
lol @ Peter Schiff.This dropped today. Very solid:
Yeah, Wikipedia says they've nicknamed him "Dr. Doom."lol @ Peter Schiff.
While I think what's coming is going to be very bad no one should ever listen to that clown for any reason about anything having to do with economics as he always makes the exact same prediction of doom regardless of the circumstances. When his predictions turn out to be wrong he doesn't admit failure, he just makes them again. For example in 2010 he predicted hyperinflation in 2011 or 2012. When that didn't happen he just made the same prediction again.
Hey it's your money, do what you want with it! I'm just saying whatever choice you make should not be based on this guy's opinions as he is wrong constantly. He MIGHT be right this time but if he is it's only because if you predict a crash every year one will happen sooner or later.Yeah, Wikipedia says they've nicknamed him "Dr. Doom."
He's advocating investing in gold mining stocks now, says gold bullion's at all time high (closed Friday at $3200/oz) and the mining stocks haven't enjoyed support from analysts yet despite very solid fundamentals. Says their biggest expense is oil and oil's gotten super cheap. Thus, he expects the gold mining stocks to take off and soon (looking, to me it appears that gold ETFs and major mining companies broke out end of last week). I'm eyeing them right now, have cash on the sidelines having jumped out of the market 5 weeks ago. It's all there in that video I linked above:
Art of the Deal!!!!!
Well, the market appears to agree with him on gold mining stocks. It's not as big a secret as he made out, but his writing (I've read some) is probably not current on this. Last week's activities in world markets do factor into what's going on now.Hey it's your money, do what you want with it! I'm just saying whatever choice you make should not be based on this guy's opinions as he is wrong constantly. He MIGHT be right this time but if he is it's only because if you predict a crash every year one will happen sooner or later.
His brain is cooked. And worse, he's surrounded himself with people solely for their loyalty, not their competence. So there's nobody smart enough to tell him his ideas are anything than just utterly amazing. There's no one to reign him in and the GoP have anchored themselves to this madman so much that now they have no recourse but to submit to his every whim no matter what.
Peter Navarro went to jail for Trump. I don't think there are anyone who can counter Navarro inside Trump's inner circle. Maybe Trump's sons can cut through to their dad. But I'm not sure if they have the intellect or the connections to business leaders/economists be able to listen to advice contrary to Navarro's dose of tariff poison.His brain is cooked. And worse, he's surrounded himself with people solely for their loyalty, not their competence.
His brain is cooked. And worse, he's surrounded himself with people solely for their loyalty, not their competence. So there's nobody smart enough to tell him his ideas are anything than just utterly amazing. There's no one to reign him in and the GoP have anchored themselves to this madman so much that now they have no recourse but to submit to his every whim no matter what.
Russia gave us an exact demonstration of this style of leadership just back in 2022.They have no idea what they are doing. This whole situation is cartoon like in insanity. I can't believe this is real life lol
Ah, so they want all our electronics to be made in the USA.They have no idea what they are doing. This whole situation is cartoon like in insanity. I can't believe this is real life lol
Trump Admin Walks Back Tariff Exemption On Electronics
U.S. Customs and Border Protection claimed late on Friday that imported electronics, such as smartphones, laptops and more, would be exempt from Trump’s tariffs.www.huffpost.com
They have no idea what they are doing. This whole situation is cartoon like in insanity. I can't believe this is real life lol
Trump Admin Walks Back Tariff Exemption On Electronics
U.S. Customs and Border Protection claimed late on Friday that imported electronics, such as smartphones, laptops and more, would be exempt from Trump’s tariffs.www.huffpost.com
I'm not asking anything. I'm just stating how absolutely mind-blowingly insanely bonkers cartoon level of shit show this is.Are you seriously asking that if this is the SECOND time we're here??
I mean I could believe a one off crazy moment but this is what they want and will keep on wanting.
There's only 3 ways life improves from here..
1. personal exodus
2. blue state exodus (unlikely)
3. rely on people actually being able to vote someone new in and hope they can do something to make a difference (even more unlikely)
Trump was hamstrung in his 1st term by the unbelievers in his team.Didn't we get a hint that if the Art of the Deal didn't work in the 1st term.. so why would it work this time?