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re: Peter Schiff says President Trump surrendered in shortest global trade war in history
Posted on 4/9/25 at 4:11 pm to Rex Feral
Posted on 4/9/25 at 4:11 pm to Rex Feral
quote:
Let me get this straight. He's a loser because he started tariffs and now he's a loser because he took away tariffs? I'm starting to think this isn't about tariffs at all.
You have gained a glimpse into the mystical, tortured world of the TDS-addled mind.
1
Posted on 4/9/25 at 4:13 pm to John Barron
a 90 day pause (w 10%) and frick CHINA doe not equate to “surrendered”
Posted on 4/9/25 at 4:14 pm to LSUnation78
quote:
China has been doing it for past few days.
Maybe Japan started last night, but first i’ve heard of that.
Either way, China already knew. Its been one of the weapons literally everyone knows China had
Correct. I think Japan joined China last night in selling US Treasurys and it was coordinated. There were reports about them teaming up.
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Posted on 4/9/25 at 4:14 pm to John Barron
quote:
There was a sell-off in US Treasurys last night. Which was sending the 10 year higher.
Okay, I get that.
quote:
It is being reported that was what made President Trump fold on the Tariffs.
To counter the sell off in the bond market you need buyers.
By triggering a stock market rise the buyers rush to the stock market and not the bond market.
Posted on 4/9/25 at 4:15 pm to Great Plains Drifter
quote:
You have gained a glimpse into the mystical, tortured world of the TDS-addled mind.
Posted on 4/9/25 at 4:16 pm to Rex Feral
It's about TDS
Posted on 4/9/25 at 4:17 pm to John Barron
quote:
Correct. I think Japan joined China last night in selling US Treasurys and it was coordinated.
The only way this hurts the U.S. is if they take the bond proceeds (dollar) and convert them to the the yen (i.e., sell the dollar).
Posted on 4/9/25 at 4:18 pm to John Barron
Schiff is a crook.
Posted on 4/9/25 at 4:18 pm to John Barron
Peter Schiff for brains
Posted on 4/9/25 at 4:20 pm to John Barron
quote:
nicknamed "Dr. Doom" is an American stockbroker, financial commentator, and radio personality. He co-founded Echelon Wealth Partners in Canada (formerly Euro Pacific Canada).
His father was a prominent figure in the US tax protester movement. He died in federal prison while he was serving a sentence for tax evasion.
Schiff founded Euro Pacific Bank, a full reserve banking operation originally in St. Vincent and the Grenadines
The Puerto Rico Office of the Commissioner of Financial Institutions (OCIF) announced they had suspended the operations of Schiff's Puerto Rico-based Euro Pacific International Bank, which was suspected of having facilitated money laundering and tax evasion. The Commissioner stated that it had found numerous violations of its regulations and that the bank had "not wanted to comply". Regulators liquidated the bank, and Schiff paid $300,000 in fines
Schiff is a vocal Bitcoin sceptic. At times he has remarked that he sees Bitcoin as resembling the tulip mania bubble
Schiff was an economic adviser to Ron Paul's 2008 presidential campaign
He seems a touch biased
Posted on 4/9/25 at 4:21 pm to John Barron
Only an idiot would disagree with that.
Posted on 4/9/25 at 4:22 pm to John Barron
It’s just beyond incredible at this point.
Keeps tariffs, omg the tariffs are killing us we can’t eat, renegotiates some for good behavior and the left says he white flagged it.
I get it but gosh damn. They do the most obvious things now and everyone can see it.
It’s like 3% of the people are locked in and cannot get out of it and they will ultimately alienate themselves into oblivion. It’s just crazy.
Keeps tariffs, omg the tariffs are killing us we can’t eat, renegotiates some for good behavior and the left says he white flagged it.
I get it but gosh damn. They do the most obvious things now and everyone can see it.
It’s like 3% of the people are locked in and cannot get out of it and they will ultimately alienate themselves into oblivion. It’s just crazy.
Posted on 4/9/25 at 4:22 pm to John Barron
I'd respond but currently locked for telling someone to suck start a shotgun.
Posted on 4/9/25 at 4:23 pm to GumboPot
quote:
To counter the sell off in the bond market you need buyers.
By triggering a stock market rise the buyers rush to the stock market and not the bond market.
You haven't carried this to the end of the equation. Because of our near permanent twin deficits, foreign entities hold massively more dollar based assets than the US holds foreign currency based assets. If they start dumping dollars, our only recourse is to cancel that foreign held debt, repossess those assets and default, or kiss the dollar goodbye. The US cannot support the dollar in a currency war, period.
This post was edited on 4/9/25 at 4:26 pm
Posted on 4/9/25 at 4:25 pm to John Barron
If Japan wants to get in bed with Chyna, bend over and let it happen.
Posted on 4/9/25 at 4:25 pm to GumboPot
quote:
By triggering a stock market rise the buyers rush to the stock market and not the bond market.
Normally you would be Correct. But that was not happening. When the Stock Market was selling off in the beginning the 10 year initially started to drop but the last couple of days it started to go higher even with the sell-off. They are saying that was because China and Japan started selling US Treasurys. The 10 year going higher despite the sell off is what caused Trump and his administration to fold on the Tariffs.
Posted on 4/9/25 at 4:26 pm to John Barron
I do not think you can trust anything Wall Street or these money managers say. Trump is costing them and their clients money by trying to reset US Trade.
Many of these folks are mouth pieces of foreign countries and our adversaries.
Many of these folks are mouth pieces of foreign countries and our adversaries.
Posted on 4/9/25 at 4:27 pm to John Barron
I let dumb focks entertain me
Posted on 4/9/25 at 4:29 pm to John Barron
His name is Peter but he sounds like Adam.
Posted on 4/9/25 at 4:29 pm to John Barron
Looks to me like this was Trump poking the trade weasels with a stick to wake them up. Nobody has done that for a couple of generations.
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