Learn to read please.
I was obviously referring to economic growth.
Of course you were…:roll:
I like Trump but Trump is causing this bull run to come to an end.
It is in our interest for the world to stay on our petro-dollar system. If they go off it, we will no longer be the world’s reserve currency. The way to keep a country, like China for example, to continue to use the dollar is to keep increasing their skin in the game. We want them to have more of our dollars so that they defend the dollar as the world’s reserve currency. Toward that end, we want to trade them dollars for hard goods. We want to grow the trade imbalance as much as possible.
Also, if the Chinese are dumb enough to give us their goods in return for printed pieces of paper… keep that trade deficit growing!
Tariffs both reduce that trade deficit and reduce their interest in keeping the dollar the world’s reserve currency.
And if that isn’t bad enough, tariffs are a tax on Americans, not the Chinese.
Trump is just plain wrong on tariffs and on trying to reduce the trade deficit.
Do you have that much trouble with logic?
Go back and read. Have someone else help you if needed.
The tariffs are working and only intended to be temporary.
Working at doing what?
If you have been paying attention BETTER TRADE DEALS.
Do I have to list them for you?
Oh, and China is heading for a recession.
You’re exactly right Nick, it’s a tax on the American public that actually hurts the economy as a whole.
Nobody wins in a trade war, nobody. This has been proven numerous times in the past. A Short History of U.S. Trade Wars
Then there’s this nugget, compliments of the US Tax Payer as a result of this economic disaster in the making - (U.S. government to pay $4.7 billion in tariff-related aid to farmers | Reuters)
Yea, Trump knows what he’s doing, and I’ve got some prime ocean front property in Ohio I’ll sell you cheap. :roll:
As Trade Deficit Balloons Under Trump, He’s Doing A Rain Dance
You still don’t get it despite all evidence.
The deal maker is working hard to MAGA
I have no doubt that Trump is doing what Trump always does, start off hard and then negotiate a good deal.
But in this case, he’s working hard… backwards. We want a BIGGER trade deficit, not a smaller one. If the Chinese or anyone else is willing to work their people and extract their resources and create products for us in return for printed pieces of paper that the Federal Reserve can just create out of thin air, backed by nothing… KEEP MAKING THAT TRADE. Take everything their country can ship us! Don’t lower the trade deficit… blow it up!
Start off hard then negotiate a good deal? For who?
North Korea played him like a fiddle, he’s made what appears to be a back room deal with the Saudi’s, and he’s Putin’s puppet.
Trade works both ways, but when you have a 20 trillion dollar economy, twice the size of the next largest economy, and you like cheap stuff, whether it be made in Mexico or China, it only make sense that there would be trade deficits.
In saying that, tariffs are a different story and fair is fair, but there’s right and wrong ways to deal with it, and starting a trade war is not a smart thing to do.
Then there is the theft of intellectual & proprietary property, which IMO should also be dealt with in a different way than starting a trade war.
Trade wars are a lose lose.
We should all be wanting a trade war and wanting China to win it. Let them sell us more of their resources and products for our paper that is dropping in purchasing power every day. I hope the U.S. ends up with everything that China can ship here and China ends up with 100 trillion of worthless notes. LOL.
Something I learned by crushing out NAHI and ASHI… when your opponent is doing something stupid, help him do more of it, not less.
Grow the trade deficit!
Down we go.
Please explain. Why would you say this Nick? Do you see us entering into a recession sooner rather than later?
Going down when, Monday, next week, next year?
Down for years. Too much debt and Trump went the wrong way on the trade deficit.
It’s also how I predicted the bottom for gold: https://www.nachi.org/forum/f13/time-buy-physical-gold-folks-131522/?highlight=gold on 8/16/2018.
I’ve done this before ya know. This from 2013: Stock market going to drop on Monday. . Market dropped 500 points just as I predicted.
I remember you predicting a Trump presidential win. I think you are right about cloud based dollars and getting real goods in return.
Our military will need to save the day.
I’m certain that I’m correct. I can’t understand why we would ever want anything but a larger and larger trade deficit. Buy everything the Chinese are goofy enough to ship us. We’ll take their hard goods and they can pile up a bunch of paper dollars that are losing purchasing power. I like that kind of deficit!
Nick, the thing is there is not even the value of paper involved, it is digital ones and zeroes.
Yes, why not keep issuing more fiat currency? I would observe that most of the benefit is concentrated at the financial centers, but it definitely creates imo tiered wealth for everyone in the world.
The end result of a condition should be looked for, just like in a home inspection. I think it was Ferguson? in The History of Money? that documents repeatedly what eventually happens when a nations main industry becomes finance.
The Cantillon Effect, interest rate apartheid, international banksters, the end result of compounded debt vs. linear GDP growth and it’s effect on the increasing percentage govt. debt service vs. tax revenues … their comparative relevancy can be argued, but these concepts should be part of everyday discourse.
The Babylonians, Classic Greeks, Jesus, Rome, Byzantium were all wiser than our foolish modern civilization. Eventually we will reinvent a jubilee, ‘year of our lord’ - debt cancellation.
For an interesting take, here is a video link. The host is generally pro Trump, the second half has an analysis that is the most scathing I have ever heard of Obama, though it applies to preceding and successive administrations as well. The left/right divide is how you can tell if someone is a brainwashed puppet dummy or not.
Canceling debt to avoid economic crisis (E1320) RT — Keiser Report
An aspect financial analysts ignore is the military, it is like a blind spot for them. Warfare is radically changing, so whoever dominates that sphere will be able to issue the money.
Finally back in the mountains for the last year.
If you want to preserve wealth going forward, with any of these, here is when to do it:
- Silver: Buy it now. Very low silver/gold ratio.
- Gold: Buy it now, but only U.S. old coins (physical). Nothing new, or bars, or digital (ETFs), or foreign.
- Other precious metals: Not now or foreseeable future.
- Income producing real estate: Wait, prices are coming down.
- Lots and raw land: Look for deals right now. Lots of builders (who are not going to build now) and elderly farmers (who are late to list) are dumping.
- Fine art: Never.
- Home inspector’s businesses: Yes. Consolidation is a good thing for you to do in slower times, but don’t pay much for some other inspector’s business: Don’t pay for that which you can simply take.
- Antiques: Not now. Wait and you’ll see antique dumping all over craigslist in the Spring when people scramble for cash to offset forthcoming stagflation.
- Intellectual property: Only now if you need that particular thing.
- Stocks: Not yet, with two exceptions: APPLE (soon) and GE (now).
- Bitcoin: Never. That ride is over.
- Litecoin: Perhaps. I’m uncertain on it but it has a good shot of doing well if the dollar dives.
- Non-inspection businesses: Only if it is one that does well when people are broke or elderly. Name a sector and I’ll analyze for you.
- Luxury businesses: Yes. The rich will get even richer (hard asset prices go up during inflation and the rich own most hard assets), and they spend. My wife has such a business and her customers don’t care about the overall economy.
- Cash: Only for purposes of stealing something when prices bottom out.
- Guns: No. Not going to go up in value much more than inflation in the near future.
- Groceries: Yes. Buy what you eat. Make yourself a mini-COSTCO room in your basement and buy things on sale in in bulk if either you will use it or it will last a long time (honey and toilet paper for example).
- Tax Liens. Now. Interest often very high (10% or more) and guaranteed.
- Diamonds: Never. Diamonds are nothing special… shiny coal.
- Classic cars: Yes, if you have the storage space at little or no cost to you.
- Stamps: No. Stamp collecting is a hobby of past generations.
- Guns: Antique guns and guns that you believe are about to be banned.
- Jewelry: No, unless the bulk of the value of the jewelry is in the gold used to create it. Then you are merely storing gold in the form of jewelry which is fine.