Geo
Well-known member
https://www.thegatewaypundit.com/2024/09/president-trump-vows-place-100-tariff-countries-not/
Do you think this will stop it from happening?
Do you think this will stop it from happening?
rsm
Well-known member
Depends.
For example, a country can conduct business with the US using US dollars; and use a different currency conducting business with other countries.
I think it's a stretch to think the US can control financial transactions between two other countries; like the head of the UK police saying they will extradite American citizens for social media posts...although with Kameltoe & Warttz in charge that could happen.
For example, a country can conduct business with the US using US dollars; and use a different currency conducting business with other countries.
I think it's a stretch to think the US can control financial transactions between two other countries; like the head of the UK police saying they will extradite American citizens for social media posts...although with Kameltoe & Warttz in charge that could happen.
Geo
Well-known member
In order for all other countries to purchase commodities using the Swift System, they needed to transfer their currency into the dollar, then into whatever currency they needed. The US acted as an intermediary, took a percentage. This might stop the slow roll out of the dollar. I don't think the other countries are capable of being independent yet.
rsm
Well-known member
There are some systems in place for certain transactions, Russia, Iran, China, Saudi Arabia to use their own currencies between them, still limited; and it will take time for a BRICS system to grow. If it's outside a US system, not much the US can do; punitive policies will only serve to accelerate the alternatives. IMO
rsm
Well-known member
According to the USDA, for the first time the United States will become a net agricultural food importer in 2023 and no longer a net exporter. Meaning we are now relying on other countries to feed us.Mar 14, 2023
rsm
Well-known member
yes, there could be unintended consequences; other countries always have alternative options unless they completely depend on the US, such as Israel. Those alternatives may not be ideal or optimal, but they will work. Russia, despite sanctions, has be able to sell it's products such as food and oil, probably more.
shit butt poop party
Well-known member
Trade war and tariffs are needed if the middle class is ever going to grow again in the US. The US needs a middle class in order to survive since it funds everything.
Problem is getting over the hump of a trade war/tariffs will be pretty disastrous economically and politically in the short term, which is why it's not been done.
Problem is getting over the hump of a trade war/tariffs will be pretty disastrous economically and politically in the short term, which is why it's not been done.
Geo
Well-known member
The US is printing $100,000 per second to finance the debt, not sure they need our taxes at all.
rsm
Well-known member
tariffs and trade wars are two edge swords, everyone gets cut, just how deep is the cut is the question.
finding incentives to bring more manufacturing onshore is key to restoring a middle class in the US; as it will expand logistics, packaging, energy, etc. as a result.
we've already seen costs in China result in work moving to Vietnam for example; once costs rise for Vietnam work will move someplace else...
finding incentives to bring more manufacturing onshore is key to restoring a middle class in the US; as it will expand logistics, packaging, energy, etc. as a result.
we've already seen costs in China result in work moving to Vietnam for example; once costs rise for Vietnam work will move someplace else...
V
VonBonfire
Well-known member
It would be cool to escape in that situation to the tune of Thin Lizzy's Jailbreak and then be stealing tea and crumpets and stuff to survive. Pretty much the adventure of a lifetime. Take a dentist hostage in England and just about every demand you make will have to be met or they are screwed.
rsm
Well-known member
in Londonistan you won't find tea and crumpets; you will find falafel, kabobs and curry, though.
V
VonBonfire
Well-known member
I'd rather have halal food than English food tbh. English and Chinese tourists have consistently been my least favorite tourists. I see muslims kinda like I see the hornets around here. I'm fine with them but when the nest starts getting larger that's when they start getting more aggressive and you're forced to exterminate the whole hive.
rsm
Well-known member
well, I do like some British food, but my favorites are Chinese (so many regions), Japanese and Korean food. been awhile since I had a real steak and kidney pie, black pudding, cullen skink,...and of course haggis:
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Tone Monster
Well-known member
ALL fiat currencies are dying albeit at different rates. Cash is trash.
Geo
Well-known member
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Unannounced, the Fed. back in June of this year started a NEW AND EXPANSIVE quantitative easing cycle which has not only caused the benchmark US 10-year yield to crater, but has also caused the ENTIRE YIELD CURVE TO UN-INVERT. (Unannounced YIELD CURVE CONTROL)
[/td]So, you were kept unaware that the Fed. had already begun a massive “easing” cycle back in June?
Well, how would you know? The mainstream media/not a single financial channel is talking about it. Not a whisper about it by Fox Business, CNBC, Reuters, Bloomberg, etc. However, the TRUTH is always hidden in plain sight despite the “look here do not look over there” propaganda and deception campaign against us.
Quantitative easing is THE NUMBER ONE TOOL which is used by a central bank to artificially suppress rates.
HERE’S HOW IT WORKS.
New “money” is first created right out of thin air, (obviously this new money creation is inflationary). Then, this new money/currency is then used to buy debt IN MASS. This mechanism, in effect since June, has caused bond yields to fall precipitously and rates have subsequently dropped.
WHAT IS ABOUT TO HAPPEN.
This Wednesday the Federal Reserve will “officially announce” that it is cutting rates, doing so in concert with the European Central Bank, the Swiss National Bank, and the Bank of Canada.
In effect, the Fed. is “giving itself permission” to inflate on a vast scale.
Understand that the NUMBER ONE WAY in which a central bank makes itself stronger, and therefore makes us weaker, is via their ability to inflate/create/and issue debt. This mechanism not only creates nation slaves to its central bank, but also debt slaves on an individual/personal level. Henceforth not only why national debt is skyrocketing at a rate of ONE TRILLION DOLLARS on average every 3 months here in the US, but also why today individual citizens themselves are carrying their heaviest debt loads in history. This mechanism creates MORE DEPENDENCY ON THEIR SYSTEM. PAUSE: Why not a single question about this mechanism during the Presidential debate?
Is there a solution?
ABSOLUTELY! Yes, there is a solution, but you WILL NOT HEAR ABOUT IT.
The solution is simple. And it’s the POLAR OPPOSITE of what we are being sold, AGAIN, by both prospective US Presidential selectees here in the US.
Both Trump and Kamala are PROMISING lower rates, which also means a weaker currency- this is EXACTLY what the Fed. wants so to strengthen their stranglehold on us.
The Lie: WE NEED LOWER RATES.
The Truth: WE DO NOT NEED LOWER RATES!
Lower rates empower central banks and help to fulfill the corporate agenda.
>>>> In Finance and Economics there are ONLY TWO fundamental truths. And these are:
IN ORDER TO HAVE A STRONG ECONOMY YOU NEED
1. A STRONG CURRENCY and
2. A CORRELATING INTEREST RATE HIGH ENOUGH TO MAKE MONEY HARDER TO GET. (Which is what gives the currency its purchasing power).
MORE EASY MONEY IS NOT A SOLUTION! Does that make sense to you?
A weak currency and low rates are ECONOMIC DESTROYERS.
Need proof?
Just look back to times when the currency was stronger, and rates were higher. Families were much better off, more prosperous. Small businesses were thriving, and only ONE income was needed to support a family nicely.
Need even more proof?
During the Trump/Kamala debate, did you hear EVEN ONE question about monetary policy? Why wasn’t there even ONE QUESTION as to why the both of them are promising LOWER RATES?
Instead, you heard a blame game regarding which one of them is responsible for inflation.
NEWSFLASH! Presidents DO NOT HAVE a currency printing press, OR the ability to devalue the currency. Inflation is a product of MONETARY POLICY which is run by the Fed.
NEWSFLASH! It’s the Fed, which is NOT ONLY responsible for monetary policy, but is also responsible for the economy, the financial markets, and THE ENTIRE FINANCIAL SYSTEM.
The Fed. has BUT TWO mandates. 1. To ensure maximum employment, and 2. To maintain price stability. If it’s NOT the Fed., and instead Presidents, who are responsible for these two mandates, THEN WHY ISN’T IT THE PRESIDENT who is responsible for implementing them?
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Thumbpicker
Well-known member
Not as far as I know and I used to do SWIFT payments in my first job in the 1980s so I was doing SWIFT payments to places all around the world in all sorts of currencies. We were working from AUD to whatever foreign currency and converting it directly use AUD to whatever currency's exchange rate. USD didn't enter the equation unless it was specifically requested or it was a payment to a US bank.
