Loading ...Kewl2 @ 17:43 re Tariffs Explained
I’ve noticed not one person, Trump or anybody on the news etc has said a more accurate thing…….
“Manufacturing is the birth of wealth” Plain and simple. Everybody else makes profits by absorbing wealth, off what the producers produce. Like sales and service. Wealth absorbers. Even gov’t jobs are wealth and tax absorbers.
I have been watching the decline of wealth in the USA and its living standards since 1970. TPTB stuck the USA with a bunch of tax and wealth absorbing jobs, and spread the wealth producing jobs and tax paying jobs to all other nations.
I’m thinking maybe Trump resetting our economy may be too late. And hes too nice charging tariffs half of what they charge us. I would charge them double, enough of the USA being the good guy, because the good guys finish last. Tradesman
Tradesman — would you please post a link to the specific post that you are referring to here – please & thx.
I think you want us to look at minute 17.43 of same — but not sure what.
Thx
PS: Trump is clearly acting with a sense of urgency — as if every day is his last opportunity to save America.
Elon has been giving out the same “vibe”.
Will they be too late — possibly — but in the meantime they are giving all their all to finesse the outcome they are hoping for.
The demonstrations agains’t them are pure bullshit — the citizenry supports all that they are attempting. Only the elite are losing money in huge quantities and they will do whatever possible to stop these changes. They are down $6T in 2 days — probably $12T by end of this week. In the meantime, the average citizen is winning daily with lower interest rates and food costs etc etc.
Can they beat the clock — guess it depends on the Treasury rollover dates……….
Actually — the entire Trump team is giving out this vibe. Everyone seems to be working 24/7 to turn America around………….
AGREE ABSOLUTELY K2
Sorry folks, but America was DOOMED to go through this.
There was no way around it, and I realized this CLEARLY while still in college.
After WWII, the UK, Russia, and Europe were leveled.
Japanese manufactures were laughed at. (Electronics excepted. Autos – Toyotas and Datsuns – were good but under appreciated.)
China and India had populations living below the poverty level.
SE Asia was not much better.
So America was the only surviving manufacturing powerhouse, serving the world.
And commanding monopoly prices doing so for what it sold. Hence, a spectacular RELATIVE standard of living.
The Japanese caught up in 1980s Europe also. SE Asia especially Korea also advanced quickly.
AND … Americans shifted away from mechanical engineering into financial engineering, thanks to the Fed and cheap credit.
Blame Arthur Burns. Blame LBJ. But blame the Fed for spurring this transition, as the expedient answer.
But then study history and the cycle of Reserve Currency nations.
It was destined to be a short lived hegemony.
1971 hastened its demise. But there was NEVER any escaping its arrival.
Says Law meets Triffin’s Dilemma. The ultimate paradox of a reserve currency in a fiat world.
Kew12 Thanks for the comeback. The info I posted was not from a link. Just what is in my head. Or on my mind.
When it comes to Economics Nobody knows anything….
Everybody is usually Wrong
It’s called the dismal Science for a reason
All we need to do is support Trump and Comp in any and every way possible and watch it all play out
Or camp has been dooming and glooming for over 50 years…almost a lifetime and our lives have been lived in the most amazing innovative and prosperous period in HISTORY
Look at Argentina….It was a lost cause for a hundred years…then in comes a Guy with a Chinsaw and turns it around in a year
El Salvador was murder capital of the world then in comes a young gun and BOOM…now the Incarceration Capital of the world