This part is pretty much the definition of insanity. We literally take more things from the rest of the world without even paying them in cash. Just creating debt to be paid in the money that we print because the dollar is the world currency though probably not for much longer at this point. No country on earth is going to ask their debt to be paid in full immediately because if the dollar tanks the whole global financial system will collapse.
Since the end of WW2 we have carefully crafted a system entirely tilted in our favor and these idiots are destroying the whole thing to bring back $2/hr unskilled labor jobs.
The stock market has fallen circa Three Trillion dollars ($3,000,000,000,000) since trump has been in charge.,3 months, vs however long Ukraine has been going on forâŚ
Trumpâs losses equal ~$23,000 a household (in 3 months)
So we had Russia on the ropes AND if it was money in our pocket instead of out of it, couldve all had enought to buy 1 year old Model Ys!
No amount of education will predict his whims. Stop blaming the consumer who will bear the brunt of this policy. Start blaming those who enact this and those who choose to look away eventhough they have the power to stop it.
This is devolving into a political thread again. But you need to educate yourself on national security and the threat of losing our ability to defend against countries like China. China runs all private companies as we well now know which means the 290 billion trade deficit we have with China is going directly to the government. They have no laws around stealing anyone in the worlds product because they dont recognise patents. Educate yourself on national security before worrying about if your TEMU order is going to go upâŚAnyone else notice how amazon is now just a drop shipping front for Cheap Chinese products. Again we sent 182b to Ukraine and no one batted an eye, if you have to take on 182b in increases to protect the future of the country and your kids would you?
I got hit by one of the only manufactures that brought prices back to earth after Covid was over. Its a risk many of us tookâŚthe good thing is I made about 100k that same year flipping other cars..
I 100% agree the market isnât Main Street. Never was. Look at the percentage of stock owned by the middle class vs the upper.
This is the dumbest thing you may have ever said. Interest rates donât and canât stay at 0% in the system we have. You canât possibly pay back all the money borrowed at high rates. The amount of debt we created is almost exactly proportional to the recent stock market rise. Jobs create prosperity. People having excess cash to invest is what creates strong markets. The middle class has been getting shafted for 50 years and thatâs why your president is Donald trump, like it or not. The people voted for this and heâs doing what he said he would.
See that jobs report today? 228,000 actual jobs not govt ones.
Which part of âas long asâ you donât understand, other country use USD to conduct trade, to save as their foreign exchange assets, to put as safe haven for their asset. All those equal to low interest financing to US. The current President doesnât understand this simple concept, and apparently you too.
The dumbest thing everyone can do is believing a moron who manage to bankrupt 3 casinos will manage to get us to prosperity. There is a reason why you shift your assets to commodities, if you believe in him, go put it on the stock market. LOL.
Im sorry I canât argue with anyone pushing the current left wing talking point. Google smoot Hawley itâs George Soros manufactured talking point of the week.
Smoot hawley was also in a different time and the protectionist tariffs came after we were already in a depression. The major difference now is we are not a net exporter and in tariff wars the buyer always wins.
As an owner of a 69 GTO I would argue the late 60âs early 70âs were the greatest vehicles ever built. I can go to autozone and fix anything in an afternoon. Not to mention the first gen Nissan Z, lambo countach, any Porsche, the 70 cuda, boss 429. I could go on forever.
Can you fucking drop left or right agenda? People are talking common sense and facts here. Aronchi said he is a registered Republican, for Godâs sake.
