NBC News: Goods imported from China now face a 54% tariff rate
- Thread starter HangglidingPilot
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I had a mate whose dad bought a Toyota Celica in the early 80s. It was like a spaceship compared with what any other manufacture in the UK had to offer. It was fully loaded with better toys than a Jaguar or Rover and more importantly they all worked. The build quality was way above even a Jag.
DPC
Canada, Great already
Here is a 1964 DKW ( For Americans this car brand would eventually become the Audi we know today ).
Its an austerity car, but in a decade after this ,all will change....
Jmhai3
Solar Enthusiast
I can feel your anger on your post, but it is all part of life. There is not a society that ever existed that did not have given and taken, a winner and a loser, or classes of people that differ.
The market has to shift, the money needs to change hands.
Give one example that shows a different way, where a "cost" is not something happening to someone.
DPC
Canada, Great already
No, its a system that's been created. Winners and losers used to mean if you didn't make it to swimming pool & Jaguar level, you could have a decent, comfortable life. Now its winner takes all.
Living Paycheck To Paycheck Statistics 2024
As living expenses in the U.S. continue to rise and wages struggle to keep up, it’s unsurprising that Americans of all generations are having a hard time financially. For many, this means living paycheck to paycheck. But what does it really mean to live paycheck to paycheck, and what underlying f
www.forbes.com
DPC
Canada, Great already
Looks like the first buddy and the president are not getting on.
ca.yahoo.com
Musk Melts Down at Trump’s Tariff Guru as Feud Goes Public
Elon Musk has taken a massive swipe at President Donald Trump’s trade adviser amid the deepening economic chaos caused by the sweeping “Liberation Day” tariffs. In a Saturday X post, the Tesla CEO ripped Peter Navarro as someone who “ain’t built s--t” and shaded his Harvard PhD in economics as...
Jmhai3
Solar Enthusiast
No, it's a system that's been created.No, its a system that's been created. Winners and losers used to mean if you didn't make it to swimming pool & Jaguar level, you could have a decent, comfortable life. Now its winner takes all.
Living Paycheck To Paycheck Statistics 2024
As living expenses in the U.S. continue to rise and wages struggle to keep up, it’s unsurprising that Americans of all generations are having a hard time financially. For many, this means living paycheck to paycheck. But what does it really mean to live paycheck to paycheck, and what underlying f
That is globally true for every society on this planet.
This is just a blimp in time.
Was it here that someone posted a story about rat trials in an enclosed society and was given everything they needed food, water, and no predator. Time after time it failed.
Your society as it stands will fail one day just as capitalism will and communism. It will modify and morph into hints of each other's. but you can be sure there will be systems in place that there are winners and losers.
Jmhai3
Solar Enthusiast
I would be surprised if those personalities could get along indefinitely don't you.Looks like the first buddy and the president are not getting on.
View attachment 290412
Musk Melts Down at Trump’s Tariff Guru as Feud Goes Public
Elon Musk has taken a massive swipe at President Donald Trump’s trade adviser amid the deepening economic chaos caused by the sweeping “Liberation Day” tariffs. In a Saturday X post, the Tesla CEO ripped Peter Navarro as someone who “ain’t built s--t” and shaded his Harvard PhD in economics as...
This is nothing new. At least we get to see it happening in real time than years later in someone's book.
Look at this thread alone.
The different people and personalities all talking and fighting some agree some don't, but rarely will you have all agree all the time on the same thing.
DPC
Canada, Great already
Rats of Nihm theory. ( thats from a cartoon and how I remember it )
Yes I brought that up in some of my ramblings about too many people in the wrong places and even with enough resources ect..
Maybe there is a magic number for the ideal American lifestyle within your boarders so you don't bump up against each other and don't stress...
Maybe there is one for every place?
But too many people in the wrong place under Ideal conditions still seems to fail.
Attachments
Behavioral sink - Wikipedia
“He also seemed to suggest that Navarro had an excess of self-confidence and a dearth of actual intelligence” Prince Elon projecting methinksLooks like the first buddy and the president are not getting on.
View attachment 290412
Musk Melts Down at Trump’s Tariff Guru as Feud Goes Public
Elon Musk has taken a massive swipe at President Donald Trump’s trade adviser amid the deepening economic chaos caused by the sweeping “Liberation Day” tariffs. In a Saturday X post, the Tesla CEO ripped Peter Navarro as someone who “ain’t built s--t” and shaded his Harvard PhD in economics as...
Jmhai3
Solar Enthusiast
That is it. Thanks.
I wonder since the experiment was always started with new rats it failed.
What if once things got to a certain point, he pulled some and had them watch the destruction of the society from afar.
Then use them to start the next and so on would they eventually learn from the mistakes of the others?
going_commando
Solar Enthusiast
Bloomberg - Business News, Stock Markets, Finance, Breaking & World News
Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg Newswww.bloomberg.com
Wall St opens in an hour & then the situation becomes clearer. I have yet to read an opinion by any financial sector media that says anyting other than the whole premise of the Trump trade deficit claim and the response is anything other than completely wrong.
Oh no! The people who have directly benefited from our trade and fiscal policy for the past 50 years don't like when someone is trying to change the paradigm at the expense of national security and regular Americans are worried! Jim Cramer says we are going to go into a depression! Global trade will be destroyed!
And yet, everyone is screaming about the 10% drops in markets (I'm sure the markets are going to drop more today), but no one seems to mention that the S&P dropped 25% and the Nasdaq dropped 35% at the end of 2022.
Also, treasuries are dropping, which means interest rates will drop on fed debt, not to mention commercial loan rates (cheaper rates means more loans, and more growth), mortgages, and everything else. Oil is down 15% to levels not seen since Trump's first term, meaning fuel and electricity prices will drop. These all directly benefit regular Americans, 1/2 of which don't have any retirement accounts to worry about. Banks are already calling for the Fed to drop rates. Countries are clawing to get to the table to work out trade deals. Trump is focused on, not just tariffs, but the 1.8 trillion dollar trade deficit, so the deals will include an increase in purchasing of American goods, which will spur domestic production, as the commitments will be there domestically (through perpetual tariffs) and abroad, through trade deals. This also directly benefits regular Americans.
If you don't live in the rust belt, or in the eastern coal fields, or any number of other areas that have seen their job opportunities hop on a ship or a truck and head South or West, then you probably just don't understand. When the good paying job in the factory leaves, and your options are the grocery store, Walmart, Dollar General, gas stations, an Amazon warehouse, or nothing, then cheaper goods make it so you can kinda survive, but have no opportunities to even grasp at a traditional middle class lifestyle. This crushes hope, which drives up substance abuse, violence, and crime. You can see this all over the country.
Jmhai3
Solar Enthusiast
I believe very.Yes it’s an interesting study but how applicable is it to human society?Behavioral sink - Wikipedia
en.wikipedia.org
But it took many years for me to learn it.
That’s all true, I watched it happen real time in the UK during the 80s, I just don’t think this is the cure.
Yep, Thatcher ripped the soul out of the UK. It took years to recover.
ScrodusGargleRotten
Solar Wizard
The UK recovered?
Osmethne
Solar Enthusiast
Eh. I
It's complicated but the Supreme Court more or less made the president effectively above the law.
When Biden left he pardoned his entire family defensively because he assumed Trump would be Trump.
He didn't pardon himself because he didn't need to. That scotus ruling gave every president moving forward near total legal immunity.
Jmhai3
Solar Enthusiast
Agree.
I don't think the people that start with "Trump is doing this or that" understand they loss creditability right from the first sentence since what he is doing is no different than other presidents have done.
- Tariffs are not new, most people agree it does not work for the consumer but also say it was never used in this way. I say let's give it a chance.
- Deporting illegals, laws, ICE, walls, fences, border patrol has been around a lot longer than Trump has been president, nothing new here.
- Hiring outside "non-elected" individuals to look into issues and give advice to the president. Not new every president has done it.
- Make negative comments about people. Every single one has done it.
- Everyone says we need to fix the system that has been wrong since before Trump but complains what is being tired will not work. Type the fix right here, I won't complain. If you cannot articulate a full proof better way, why not wait and see how the current plan plays out. Good or Bad it is something being tried to make a change.
ScrodusGargleRotten
Solar Wizard
Say it louder for the fools in the back.
I would add its also things that EVERY DEM politician in the 90s wanted.
I have seen nancy complain about jobs going to china and destroying the middle class.
Liz warren said the same.
Now they dont. I dont really wonder why. 20 years of payouts changes your mind.
Jmhai3
Solar Enthusiast
The Supreme Court Interprets Law and make judgement based on it.
They only gave judgement that was already known and why other presidents have not been taken to court for stuff that have been done while in office.
Do you think Obama should have been tried for murder? Missile Strike.
How about Biden for using government aid to influence the investigation of an oil company. Corruption allegations. Whether true or not was he even investigated for corruption. It was just a by luck his son started was working for the company. Sure.
When Biden left he pardoned his entire family defensively because he assumed Trump would be Trump.
This is just wrong... Trump never went after people politically using the justice system. Biden did it because they have been doing it relentlessly for years to Trump and feared their methods would be used against Biden and others (has Trump gone after anyone) and they know they would not be able to fight the justice system because the ghost of what they were doing was living there.
1-proof is Hillary being sued by Trump or investigated for fraud? Where did the money she used come from?
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Because you have more dollars chasing the limited supply. In 22 months, 80% of our money supply was printed out of thin air. You can slow down inflation with high rates but you can never stop it.
They would finally have a chance to afford them. What are you talking about