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re: Trump says he will charge a 100% tariff to any country trying to replace the US Dollar
Posted on 11/30/24 at 1:36 pm to RogerTheShrubber
Posted on 11/30/24 at 1:36 pm to RogerTheShrubber
Fear mongering. Globalization and unrestricted free trade have gutted this country. B-b-but muh deadweight loss. B-b-but muh Milton Friedman. Take some deep breaths tariffs are not going to destroy the economy
1
Posted on 11/30/24 at 1:37 pm to Paddyshack
quote:
Trump is using tariffs as an economic weapon.
On his own people.
Yall are too dumb to realize that is you..
Posted on 11/30/24 at 1:39 pm to JesusSaves777
quote:
Globalization and unrestricted free trade have gutted this country
We are more prosperous than we've ever been.
All those poor saps who used to work in factories now work in health care, IT, etc.
With better pay and compensation.
Posted on 11/30/24 at 1:40 pm to RogerTheShrubber
quote:
We are more prosperous than we've ever been. All those poor saps who used to work in factories now work in health care, IT, etc. With better pay and compensation.
Go to the rust belt and say that. I’ll pay for your stitches
Posted on 11/30/24 at 1:41 pm to RogerTheShrubber
quote:
On his own people. Yall are too dumb to realize that is you..
The only stupid people are the one’s on TD who believe they have a better understanding of economics than a self-made billionaire who already created the strongest economy we’ve ever seen.
You’re taking Trump’s victory about as well as expected, perhaps worse than Rachel Maddow. And I’m here for every second of it.
Posted on 11/30/24 at 1:41 pm to JesusSaves777
quote:
Go to the rust belt and say that. I’ll pay for your stitches
They lost. They didnt evolve. Thats the danger of protectionism.\
You'll have to subsidize these companies for their entire life, which is corporate welfare.
Posted on 11/30/24 at 1:42 pm to Paddyshack
quote:
The only stupid people are the one’s on TD who believe they have a better understanding of economics
Youre not even in the conversation, you have no clue what any of it means.
Posted on 11/30/24 at 1:44 pm to RogerTheShrubber
quote:there is no free trade when everybody else has their fingers on the scale. You have to use your leverage to bring countries like China to heel. Our leverage is access to our market. What's infantile is the idea that 'tariffs bad' in all circumstances. Tariffs are not central planning, what an idiotic thing to say. The federal government operated solely on tariffs for the first 100 years of the country. Tariffs are a tool, they can be either good or bad. I would say leaning on countries to keep the dollar as the reserve currency is a good use of them, and if someone wants to get in a trade war with us over it, they will suffer and our domestic producers will get bolstered
Classic economics....
Same as Ron Paul, and Milton Friedman. People this board once supported.
Now, "free trade" is bad. They've accepted central planning.
Posted on 11/30/24 at 1:47 pm to RogerTheShrubber
quote:
You'll have to subsidize these companies for their entire life, which is corporate welfare.
Not sure if that’s true or not. Even if it is it’s still better than being a Chinese economic colony
Posted on 11/30/24 at 1:47 pm to narddogg81
quote:
there is no free trade when everybody else has their fingers on the scale.
Wrong again, free trade can be unilateral.
It benefits small business, Massive corporations are protected industries with tariffs.
Yall are backwards. We need more small business and less "too big to fail" corporations that need subsidizing.
You do realize tariffs are a subsidy?
quote:
Tariffs may benefit big business more than small business. Bigger firms tend to have more flexibility to source new suppliers and more leverage to negotiate terms3. However, most view tariffs as ineffective and outdated tools to correct a country's growing trade imbalance
Posted on 11/30/24 at 1:48 pm to boomtown143
Much needed after the last four years.
Posted on 11/30/24 at 1:48 pm to Cuz413
quote:
Many on this board have said the BRICS is no threat to the USD.
It isn't. This is unnecessary.
Posted on 11/30/24 at 1:49 pm to JesusSaves777
quote:
Not sure if that’s true or not. Even if it is it’s still better than being a Chinese economic colony
Not according to Roger. He wants China to keep producing our goods and medicines. And he wants more illegal immigrants to supply our workforce.
He’s not a very bright individual.
Posted on 11/30/24 at 1:49 pm to boomtown143
And if he did nothing and some new currency replaced the dollar, the idiots would be complaining about "how could he let this happen!!?!".
No matter what he does, dumbasses are going to complain.
Edit: spelling
No matter what he does, dumbasses are going to complain.
Edit: spelling
This post was edited on 11/30/24 at 1:50 pm
Posted on 11/30/24 at 1:50 pm to boomtown143
Like Eric Weinstein said hes gonna renegotiate the entire world
this is going to be so awesome this is a direct shot at Xi
First thing that needs to happen is all the companies forced to open plants here to skip the evil tariff
this is going to be so awesome this is a direct shot at Xi First thing that needs to happen is all the companies forced to open plants here to skip the evil tariff
Posted on 11/30/24 at 1:50 pm to boomtown143
Terrible policy.
Posted on 11/30/24 at 1:50 pm to Paddyshack
Lmao yep
Posted on 11/30/24 at 1:50 pm to JesusSaves777
You don't understand economics.
Posted on 11/30/24 at 1:51 pm to RogerTheShrubber
The debate over what Tarriffs are is old and spent. Are you in the "never tarriff " crowd?
Have you or do you care about the Dollar on the world market and the hard push against it worldwide?
Have you or do you care about the Dollar on the world market and the hard push against it worldwide?
Posted on 11/30/24 at 1:51 pm to JesusSaves777
Tell that to peronists.
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