Trade Wars and Tariffs

#1,451
#1,451
lawgator1 said:
I wouldn't support a randomized 20 to 30 percent tax increase on all Americans, authored by one individual, using a fabricated calculation, who then gives a disjointed, meandering, speech how great he is for an hour.

Would you?
Click to expand...

I’ve had time to catch up on Trump’s latest tariff policy and it is full retard.

If he had done reciprocal tariffs like he claimed, I do like that. But these are not reciprocal tariffs but rather tariffs based in trade deficits.

The same backwards thinking that claims billionaires are rich because they stole from you is the same nonsense that Trump has fallen for with his crusade against tariffs.

I have a trade deficit with my landscaper. That does not mean my landscaper is taking advantage of me.

Edit: meant to say “his crusade against trade deficits”, not tariffs, he loves those
 
Last edited:
  • Like
Reactions: volfanhill, orangebloodgmc, BowlBrother85 and 3 others
#1,452
#1,452
volinbham said:
Tesla doesn't flaunt a political slant at all. The guy who's runs it does but the company does not.
Click to expand...
That's true, but it's a problem for Tesla right now with their chairman. Big problem. Musk's unfiltered public comments aren't helping. Plus, every share he owns is collateral for his ownership in X
 
#1,454
#1,454
Vol737 said:
Yeah, I was thinking about him today and was going to see if he’s weighed in lately on all this.
Click to expand...
I'm thinking I've seen a recent quote from him about it. That wasn't the reason for my post though. I know one of Cohen's top analysts floated the possibility of shorting Tesla, then 2 months down the road, shorting X. That little tidbit was only known from investors in Cohen's fund
 
  • Like
Reactions: Vol737
#1,456
#1,456
NEO said:
Longer.

Coming off the gold standard is when they could really start playing with the numbers.

Honestly goes back to Jekyll island.
Click to expand...
My father who served in WWII as a bomber pilot then in the USAF for 25 year afterwards bought some gold in the late 60s. The exact commodity he took ownership of around 1970, is still just as it was then, tucked away in a safe
 
#1,457
#1,457
BernardKingGOAT said:
I'm thinking I've seen a recent quote from him about it. That wasn't the reason for my post though. I know one of Cohen's top analysts floated the possibility of shorting Tesla, then 2 months down the road, shorting X. That little tidbit was only known from investors in Cohen's fund
Click to expand...

X isn’t public is it? I thought after the sell it was delisted.
 
#1,459
#1,459
NEO said:
Longer.

Coming off the gold standard is when they could really start playing with the numbers.

Honestly goes back to Jekyll island.
Click to expand...
When I read The Creature from Jekyll Island…scared the 💩 out of me. Not if, but when. You try to work around this stuff, be smart about debt, investing, cash on hand, etc., but these guys still own the game. Last go around (08/09) markets lost 50% ish. I’m not as much worried about the market as I am what the next go round will usher in as far as govt regs, mandates, a new currency or crypto. Feels like a set up.
 
  • Like
Reactions: NEO and hog88
#1,460
#1,460
volbound1700 said:
Agree but sadly, the reason that I believe most governments are in major debt globally is because they wrote a check they couldn't cash. It was for healthcare. 70% of our dollar is going to Medicaid or Medicare. It is not sustainable. You look at every nation outside the US, health care is pretty much their largest expense as well most of the time.

It is just not sustainable to provide everyone health care. Something of the modern age that was never accounted for (prior to 1950, countries didn't do it). However, it is political suicide to even bring it up or try to cut it.

In the US instance, there was other waste like the stupid wars, etc.
Click to expand...
Looking at our model as indicative of a worldwide problem with healthcare is folly. We have one of the most corrupt and least effective health care systems. Many other countries do it affordably.
 
  • Like
Reactions: orangebloodgmc
#1,464
#1,464
volbound1700 said:
Agree but sadly, the reason that I believe most governments are in major debt globally is because they wrote a check they couldn't cash. It was for healthcare. 70% of our dollar is going to Medicaid or Medicare. It is not sustainable. You look at every nation outside the US, health care is pretty much their largest expense as well most of the time.

It is just not sustainable to provide everyone health care. Something of the modern age that was never accounted for (prior to 1950, countries didn't do it). However, it is political suicide to even bring it up or try to cut it.

In the US instance, there was other waste like the stupid wars, etc.
Click to expand...
Can you provide a link showing 70% of our dollar is going to M & M?
 
#1,466
#1,466
Vol423 said:
How do you think that is going to help? Is the NCUA better funded than the FDIC?
Click to expand...
My thought is that they were created here in 1932 for a reason and have smaller balance sheets with fewer obligations. Maybe a safer option that the larger banks?
Vol8188 said:
I’ve had time to catch up on Trump’s latest tariff policy and it is full retard.

If he had done reciprocal tariffs like he claimed, I do like that. But these are not reciprocal tariffs but rather tariffs based in trade deficits.

The same backwards thinking that claims billionaires are rich because they stole from you is the same nonsense that Trump has fallen for with his crusade against tariffs.

I have a trade deficit with my landscaper. That does not mean my landscaper is taking advantage of me.

Edit: meant to say “his crusade against trade deficits”, not tariffs, he loves those
Click to expand...
I'm not trying to insult you but it's good to see some waking up after reading the actual policy.
 
#1,468
#1,468
mrorange211 said:
My thought is that they were created here in 1932 for a reason and have smaller balance sheets with fewer obligations. Maybe a safer option that the larger banks?

I'm not trying to insult you but it's good to see some waking up after reading the actual policy.
Click to expand...

No insult taken. But I’ve always supported polices, rather than any specific person. In the case of Trump his proposed policies for the most were better than the stuff coming from the other side.

Tariffs have long been an exception and this is potentially extremely bad. Everyone on all sides should speak out
 
  • Like
Reactions: orangebloodgmc
#1,470
#1,470
volbound1700 said:
I stand correct, it is 27% of the dollar. It is the highest Federal Expense. When Combined. If you add Social Security (which is related), it is over half the Federal Budget/Costs.

View attachment 732815
Click to expand...

Interesting. We are always told “you have to cut defense! There’s not enough discretionary spending”-yet it’s essentially the same value
 
#1,471
#1,471
BernardKingGOAT said:
🤣🤣🤣

What about a little forethought and prudence before implementing any drastic policy changes? Far too much indecisiveness from day to day on economic issues
Click to expand...

I fully agree with you on the indecisiveness being a big problem but there’s nothing short of bailouts that the government could do to alleviate consumer debt and mortgage defaults.
 
  • Like
Reactions: BernardKingGOAT
#1,472
#1,472
Vol8188 said:
Interesting. We are always told “you have to cut defense! There’s not enough discretionary spending”-yet it’s essentially the same value
Click to expand...

I will say this, half of Defense spending is VA, Military Salaries, etc. It is personnel related. However, that isn't too far of a stretch to imagine as the greatest expense for most companies is the staff/employees.
 
#1,473
#1,473
Vol8188 said:
Interesting. We are always told “you have to cut defense! There’s not enough discretionary spending”-yet it’s essentially the same value
Click to expand...

Sadly, I saw charts from multiple years. The expenses were all pretty consistent actually but net interest has been creeping up each time.
 
  • Like
Reactions: Vol8188
#1,474
#1,474
Orangeburst said:
banking failures scare the crap outta me..how is that FDIC looking..was pretty quite depleted just with those small failures a couple years ago.

just looked it up..$137B end of Dec..pennies on dollar.
Click to expand...
They would just print more money to bailout the FDIC
 
#1,475
#1,475
walkenvol said:
Can you provide a link showing 70% of our dollar is going to M & M?
Click to expand...
This doesn’t exactly answer the question, but it is illustrative of the disproportionate share of our public money that is consumed by health care spending.

North Carolina’s state budget for the year ending 2024 was about 33.3 Billion.

North Carolina’s Medicaid budget was approximately 28.8 Billion.

In other words, North Carolina spent almost as much on Medicaid as they spent on everything else. In fact, if you remove NC’s 5 billion+ budget contribution to their Medicaid reimbursements, NC spent the same amount on Medicaid as they did their entire remaining budget - roads, schools, courts, prisons, agriculture, scholarships - everything. Even assuming the health care public policy commitment is the proper and moral thing to do, the amount spent is staggering when you think about it.

This doesn’t even account for Medicare spending.

Here is a link, if you are wonkish enough to be interested;

Loading…

medicaid.ncdhhs.gov
 
New posts
You must log in or register to reply here.
Advertisement

Back
Top