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Tariffs will create inflation. Rising costs without growth. It is probably time we see rising rates. |
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obama had the problem that he got in office in one of the biggest economy crisis worldwide. no country in the world went faster through that as the US under obama. not ALL what he did was right and the worst but inevitable problem is that he had to do it all with borrowed money. every toddler knows that you have to pay back debts at some point and actually now would be the time to do that. instead, the economy artificially continues to heat up with even more debts, which are to be repaid from now less tax revenues. who believes that this is going well is either completely stupid or completely blind. that dow and nasdaq have still not collapsed is due to the fact that companies are using their tax savings to buy back their own shares - the so-called flourishing economy has nothing to do with this because it has not been flourishing as expected for months now but is stagnating. the tax reduction briefly triggered increased demand. this increased demand plus the tariffs introduced by trump resulted in higher prices. higher prices = inflation. higher inflation can only be fought with higher interest rates (which trump doubts as much as erdogan and erdo will have to declare his country bankrupt in the next few weeks). higher interest rates would trigger higher demand for the dollar and with it the dollar would rise in regions that make all export products from the USA far too expensive. exports will decrease - products will not be produced - jobs will be lost. american companies that can move into other countries will do it. others who canīt will suffer. and all that with higher budgets for military, walls and other nonsense and with FAR less tax income. all this are manifested rules - every child should know them. the more strange it is for me that adult people obviously do not know these rules or do not want to know them. EVERYTHING that trump has been tried or preached here has already been tried. by bush, reagan and many others and ALL have failed miserably. so either we're talking about huge educational gaps or infinite ignorance. because that CAN'T go well. |
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as US also have dept in other currencies the only ones who can lose on that are the own citizens and banks - but the dept in foreign currencies would rise. so this is also not a good plan. the true answer is as simple as it is frightening: no president can ever be elected who tells the people the truth - and the truth is that US lived in the past centuries from borrowed money. if someone comes and would say: "time to pay back" he would not have the smallest chance to win. So people will keep trying to choose a supposed wizard who promises them everything he can never keep. americans are not even reasonable enough to give up their weapons - and even less are they willing to forego prosperity to finally pay off the debts of their fathers and grandfathers. nobody with the truth on their lips would be listened to. because this truth is unpleasant. and that goes on until the big crash. |
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education is the answer. you can see it on yourself. if you would receive a good education you would probably see the roots of the problem and not use your energy to make it bigger. so you see - exactly what these uneducated people are to you you are for educated people. the only difference between you and them is that you HAD the chance. |
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Japan is in a horrible situation too but look at the people there. they are WILLING to suffer for their country and they WOULD suffer for it. the mentality there is very different to the west. also retiring workers are not really the problem because those are consumers also. an economy is no economy without people who want/can buy - and this is the biggest goal for the next 100 years when 90% of mankind is replaced by robots. for WHOM should they produce when nobody have money ? when you think this thought til the end you will find out very fast that this could not work. because all the goods would have to be bought by the few who have money and they have to buy it so expensive that they can make as much money as they want - they would not live prosper. so the one and ONLY LONGTERM way out is a socialist system where the people who donīt work OWN the robots. but if mankind will survive til than is the second question because our planet is on the way to die. but on short term we still can do a lot. there are plenty of new markets and technologies that are crying for workers (sure not in coal). ALL this chances are denied from trump because he is an old fart with no idea what is going on in this world and how world economy works. all his advisors told him that and got fired for it. instead, he now has advisors that are even dumberr than him and that's where he builds his policy. no country in the world can act alone anymore. our technology is so advanced that even tiny banana states are able to wipe out the world. against each other ends in the apocalypse. but trump will NEVER understand that - and he donīt have to because he is old fart full of inferiority complexes and donīt cares a fuck what happens after him. |
On a personal level, Trumpīs presidency has made me realise how so many people can be so ignorant.
Itīs obvious he has nothing going for him for presidency, a business minded man, maybe, but nothing with regards to respect, honor, world care, care for the people, itīs all about the money. Shit, heīs had so much holiday time to his golf courses where he continues to make money. Itīs just disgusting. I do not like the sexist, pig, heīs a liar, a cheat, a dishonorable greedy asshole. So far he hasnīt effected me personally, but he has already began to effect other people, jobs in the UK with this latest steel tariff business. Heīs effecting possible war, while on one hand "Trump" states heīs disarmed NK, we all know SK & china had much to do with this... heīs an idiot, ffs, he even forgot his wife was stood next to him one time while he gave speech! Now heīs began splitting families and still goes on about his wall, something that will never be done, oh, heīs just ridiculous, he literally makes me cringe :2 cents: |
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