General Discussion

Miles Archer

(18,837 posts) Tue Jun 26, 2018, 08:07 AM Jun 2018

Trump on Tariffs: "In the end it will all even out...and it won't take very long!"

Donald J. Trump
?
Verified account

@realDonaldTrump

....We are finishing our study of Tariffs on cars from the E.U. in that they have long taken advantage of the U.S. in the form of Trade Barriers and Tariffs. In the end it will all even out - and it won’t take very long!

4:49 AM - 26 Jun 2018

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11 replies

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Highlight:

Trump on Tariffs: "In the end it will all even out...and it won't take very long!" (Original Post) Miles Archer Jun 2018 OP

the GOP pressure is building to do something about trump and his trump tariff tax beachbum bob Jun 2018 #1

and if they "truly reduce exposure to american products" Yonnie3 Jun 2018 #2

you got that right, once some one finds another source, they rarely come back beachbum bob Jun 2018 #3

You got that halfway right. DetlefK Jun 2018 #4

almost all financial instutions are investing huge in block chain and crypto technology, beachbum bob Jun 2018 #5

Of course they do! Cryptocurrencies are essentially an unregulated stock-market! DetlefK Jun 2018 #8

Guy who doesn't know fuck about shit is consoling us that whatever and stuff won't take too long. NightWatcher Jun 2018 #6

I'm going to have to remember that one and quote it in the future Miles Archer Jun 2018 #9

LOL. As if that fucker knows what the fuck he's talking about. Goodheart Jun 2018 #7

He's scared. He knows he's fucked up again. Snellius Jun 2018 #10

By even out he means, fewer jobs, higher consumer costs. Johonny Jun 2018 #11

beachbum bob

(10,437 posts)

1. the GOP pressure is building to do something about trump and his trump tariff tax

Reply to Miles Archer (Original post)

Tue Jun 26, 2018, 08:09 AM

Jun 2018

its over when the trading partners decide and they may decide to truly reduce exposure to american products and american markets

Yonnie3

(17,520 posts)

2. and if they "truly reduce exposure to american products"

Reply to beachbum bob (Reply #1)

Tue Jun 26, 2018, 08:14 AM

Jun 2018

some businesses will never recover. It wouldn't take very long to bankrupt many producers, especially the smaller businesses that the GOP "supports."

beachbum bob

(10,437 posts)

3. you got that right, once some one finds another source, they rarely come back

Reply to Yonnie3 (Reply #2)

Tue Jun 26, 2018, 08:19 AM

Jun 2018

US agriculture is problably the most vulnerable as so many other countries have ramp up their ability to grow corn, wheat, soy beans, etc

The most misunderstood factor that flies under the radar is an International movement underway to eliminate the US dollar as the world's reserve currency and go to a cryptocurrency based settlement basis....once the US dollar is dropped, the impact on america is unfathomable,

to make this happen, America must be isolated from the world from our natural allies and trading partners, America must be unstable both economically and politically...

Putin, OPEC, China, EU won't shed a tear and most have been behind the mutinity-

DetlefK

(16,423 posts)

4. You got that halfway right.

Reply to beachbum bob (Reply #3)

Tue Jun 26, 2018, 08:30 AM

Jun 2018

You are right in that the power of the Dollar will wane. Iran, Russia and China no longer want to deal oil in dollar-prices. As the use of dollars for oil declines (and as the use of oil declines because of global-warming), the importance of the dollar will shrink.

You are wrong in that you think that cryptocurrencies will replace fiat-currencies.
* Crypto-currencies are issued by shady people. (Plus, multiple governments are preparing to regulate cryptocurrencies and issue their own.)
* They are entirely virtual and you need electronics (and most of the time even internet) to use them.
* As the money is stored online, it's an easier target for bank-robbers than fiat-money: If bank-robbers steal fiat-money from my bank, the money in my account is still there. If bank-robbers steal cryptocurrency from my online-account, my money is gone.
* There are no laws and regulations that would stabilize the value of cryptocurrencies in the face of rampant speculation and market-manipulation.

beachbum bob

(10,437 posts)

5. almost all financial instutions are investing huge in block chain and crypto technology,

Reply to DetlefK (Reply #4)

Tue Jun 26, 2018, 08:33 AM

Jun 2018

that is a fact, There is a shortage of programmers ongoing to do the work

DetlefK

(16,423 posts)

8. Of course they do! Cryptocurrencies are essentially an unregulated stock-market!

Reply to beachbum bob (Reply #5)

Tue Jun 26, 2018, 08:48 AM

Jun 2018

There are no regulations and no oversight when you are buying and selling, pumping and dumping, cryptocurrencies. Unlike fiat-money, investments in cryptocurrencies are not tied to real-world value. There is no law that investments in cryptocurrency must be insured. Nobody is responsible for investigating insider-trading or market-manipulation.

Cryptocurrency is a lawless anything-goes mirror-image of the stock-market.

NightWatcher

(39,343 posts)

6. Guy who doesn't know fuck about shit is consoling us that whatever and stuff won't take too long.

Reply to Miles Archer (Original post)

Tue Jun 26, 2018, 08:38 AM

Jun 2018

That's the kind of sound advice I like from my failed reality tv show, steak hocking, casino bankrupting, wanna be dictators.

Well damn, I'm convinced.