How about that stock market!

  • Thread starter Thread starter Tonelover
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Tonelover said:
Who else should those "powers that be" be blaming this on?
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Well, that's a fair point. I assumed Trump was just threatening tariffs in order to get better trade deals. I doubt he'll keep them enforced over the year, as it would only make things more expensive for everyone in the US. If he's planning on keeping them in the long term, he would have to get rid of the federal income tax, which would be very difficult to do with all the useless leeches in DC.

Anyway, gold is doing very well.
 
Arguing over our financial system, if you're going to do that, you'd have to blame Bill Clinton and Bush. This mess we are in goes way back to the 1990s and both parties are equally to blame. Yes, it's a screwed up system based very little on reality. Yes, it's unsustainable and going to collapse sometime in the near future. But blaming one side is ridiculous. Almost all politicians who created this mess were motivated by their own self interest. Nothing to can stop the eventual collapse. The only question is, will it be a hyper inflation collapse, or a huge deflation collapse.
 
BABMusic said:
I assumed Trump was just threatening tariffs in order to get better trade deals.
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I think that's part of it, but he's also convinced (Or at least says) that foreigners pay these tarrifs. He also looks to America's economic golden age when the federal government was funded by tariffs and thinks that was the source of our prosperity. I think it was rather that the government was a small part of our GDP at the time and didn't stifle entrepreneurialism with all the rules and regulations that we currently have. It would be great to get back to that, and to Trump's credit he's taking steps to shrink government, but I'm not optimistic that it is possible without crashing the whole system. More likely we will end up with reduced income taxes for lower earners, maybe no income taxes at some level and the tariffs.
 
Bad Brain said:
I think that's part of it, but he's also convinced (Or at least says) that foreigners pay these tarrifs. He also looks to America's economic golden age when the federal government was funded by tariffs and thinks that was the source of our prosperity. I think it was rather that the government was a small part of our GDP at the time and didn't stifle entrepreneurialism with all the rules and regulations that we currently have. It would be great to get back to that, and to Trump's credit he's taking steps to shrink government, but I'm not optimistic that it is possible without crashing the whole system. More likely we will end up with reduced income taxes for lower earners, maybe no income taxes at some level and the tariffs.
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I'm behind greatly reduced income taxes and letting tariffs cover that. If they don't, tariff them some more. The charts have all been posted, and even with Trump's tariffs we are still getting the raw deal from most of the world. All those other nations protect their industries and the people working in them with tariffs but ours. And people get pissed when we ask for a square deal. We went from being an industrial giant to DickMonalds and Chick Fil A in 70 years. Pathetic.
 
Bad Brain said:
I think that's part of it, but he's also convinced (Or at least says) that foreigners pay these tarrifs. He also looks to America's economic golden age when the federal government was funded by tariffs and thinks that was the source of our prosperity. I think it was rather that the government was a small part of our GDP at the time and didn't stifle entrepreneurialism with all the rules and regulations that we currently have. It would be great to get back to that, and to Trump's credit he's taking steps to shrink government, but I'm not optimistic that it is possible without crashing the whole system. More likely we will end up with reduced income taxes for lower earners, maybe no income taxes at some level and the tariffs.
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Yeah, that's pretty much how I see it. Can't really get back to the days of when the US was manufacturing most things we buy without a major crash and reset. I doubt Trump even wants that, so I agree we are more likely to see reduced taxes in the short term.
 
Theoretically we are better off with free trade, but I suspect that the benefits are mostly captured by big transnational businesses and the upper class at the expense of blue collar workers.
 
Bad Brain said:
Theoretically we are better off with free trade, but I suspect that the benefits are mostly captured by big transnational businesses and the upper class at the expense of blue collar workers.
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It's not just blue collar. Probably more 'white' and a bit above what constitutes blue collar jobs have been outsourced. Probably 95% of the benefits of global free trade have ultimately wound up in the hands of the top 5%. Those people don't spend those profits at the rate to keep the economy of the country they live in functioning. They reinvest in things like real estate (further detriment to the middle class by driving cost up in speculation) and stocks (more speculation, ridiculous overvaluing of companies instead of building new ones). Huge costs that are shared by everyone in the country have gone into enforcing policy that only benefit this top percentile (so there's an argument for huge taxes on that top income bracket if you wanted to make one).
 
Bad Brain said:
Theoretically we are better off with free trade, but I suspect that the benefits are mostly captured by big transnational businesses and the upper class at the expense of blue collar workers.
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Great well where the hell has real free trade been for the US over the past 70+ years......

You mean free trade for everyone else except America? Meanwhile we export the good jobs to the rest of the world and they export the shit jobs to America and they tariff US goods while we dont tariff them..... that isn't free trade.
 
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I mean, how much more proof do you all need before you admit that you're suckers? No problem arguing that some things could be tweaked a bit but you have chosen the worst possible person for the job.

What is it some of you are so fond of saying? Oh yeah, ENJOY THE DECLINE!

Fools.

 
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So some hedge fund guys set their shit to sell the day before the tariffs and are currently buying or fixing to buy it all back on the cheap and all the genius, leftists fall all over themselves to equate it to 1929. Anything to make orange man bad.

Take a fucking economics class dipshits. Fuck.
 
Tonelover said:
I mean, how much more proof do you to all need before you admit that you're suckers? No problem arguing that some things could be tweaked a bit but you have chosen the worst possible person for the job.

What is if some of you are so fond of saying? Oh yeah, ENJOY THE DECLINE!

Fools.

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You and Dan must have been breakfast buddies when y'all were kids

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Tonelover said:
I mean, how much more proof do you to all need before you admit that you're suckers? No problem arguing that some things could be tweaked a bit but you have chosen the worst possible person for the job.

What is if some of you are so fond of saying? Oh yeah, ENJOY THE DECLINE!

Fools.

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The-Sky-Is-Falling-GIF.webp
 
Geo said:
Bonelover and his leftist allies have no clue how our financial/economic system works.

It's evident from their comments.

Their utter ignorance is tiresome.
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Bonerlover doesn’t have two nickels to rub together yet she pretends to be a world economic expert. :ROFLMAO:
 
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