
jas007
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Everything posted by jas007
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I'm not sure about Trump's billionaire friends from Silicon Valley, but clearly the Western Financial system was about to crack, and when that goes down, everything goes down. Globalism didn't start overnight. Global supply chains didn't evolve overnight. And the "everything" bubble developed over a period of many years and decades. Undoing it all is almost if not totally impossible over the short term. When did Nixon go to China? Sometime in the early 70s, I think. Globalism and the New World Order? Nixon's advisor: Henry Kissinger. In any event the multinational corporations took the ball and ran with it. They lined their pockets with the fruits of cheap overseas labor. No one considered the long term consequences, and certain economists touted the resulting "benefits" as beneficial to all involved. "Free Trade." Unfortunately, no one seems to have considered the fact that the system would be hijacked by thieves and fraudsters. They lined their pockets with kickback money, bankrupted America, and gutted the American industrial base and the American middle class in the process. The system continues to function , although one day it will crack. When is the collapse? No one knows, but hopefully we have some time. And hopefully, some of what Trump wants to do will at least slow down the decay.
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If you exempt phones, computers, computer parts, and flat screen TV panels, what's left? Barbie dolls? I'm exaggerating a bit, but most of the other stuff can be obtained elsewhere. For example, I've got some KEF speakers that were designed elsewhere but manufactured in China. Could they make them somewhere else? Sure? Do I even need to buy KEF speakers? No.. Ditto for other kinds of audio equipment, much of when seems to be built in China these days.
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Trump Is Already Slowing Global Trade as Companies Pause Orders
jas007 replied to placeholder's topic in Political Soapbox
In a time of national emergency, Trump would cut through al the nonsense. The county could worry about the environment at a later date. -
Trump Is Already Slowing Global Trade as Companies Pause Orders
jas007 replied to placeholder's topic in Political Soapbox
Under normal circumstances, you may be right. You have to find the stuff. Someone has to do a study about it. Then, there's bureaucratic red tape. At some point, they may actually begin development.and production. In normal times that process can take 10 years or more. However, for Trump's purposes and in the case of a declared "national emergency," much if not all of the bureaucracy could be dispensed with. And in those areas where there are known deposits, it may well be that production could be expedited. Significant deposits in the Western Hemisphere include the USA, Greenland, and Brazil. Other significant deposits are located around the world, including in countries that may well be agreeable to an expedited production process. So perhaps the situation isn't quite so dire as it would be in normal times. -
Trump Is Already Slowing Global Trade as Companies Pause Orders
jas007 replied to placeholder's topic in Political Soapbox
What about the deposits in Russia and Ukraine that Trump is trying to make a deal on? And America has its own deposits. If push comes to shove, I think they can extract those deposits fairly quickly. -
Squirt guns are one thing. Entire buckets of water are something else again. There's not much sense in complaining about the water festival. It will gp on, regardless. The people throwing buckets of water should stop. It's not funny, and it certainly isn't fun for anyone who gets soaked, especially if they're not expecting it. One time I was in a baht bus riding from Pattaya to Jomtien. I wasn't really expecting to get drenched enroute, and I wasn't dressed for the occasion. And then the baht bus stopped for a traffic light and some Thai girl threw an entire bucket of water right into the baht bus. I was at least partially soaked, and a few of the other people on the bus were clearly not dressed for the occasion. Another time, something similar happened, but I was on foot and I thought I was away from it all. No such luck.
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Trump Is Already Slowing Global Trade as Companies Pause Orders
jas007 replied to placeholder's topic in Political Soapbox
Sabateurs? I'm not sure about that, but I suppose you could say they don't have much political savy. They may have absolutely perfect theories on how to rearrange the deck chars on the Titanic, but I'm not sure they fully realize how cumbersome the political process really is. Navarro is from academia and Bessenet is from Wall Street. Both have no real experience in the political process. Trump? I think he has good instincts, but in this case, the headwinds from the bond market may be just too much. -
Trump Is Already Slowing Global Trade as Companies Pause Orders
jas007 replied to placeholder's topic in Political Soapbox
I think you miss the point. The AI geniuses maintain that through AI and robotics, the world will be entering an age of extreme abundance, with the cost of producing goods reduced to almost zero. People will have everything they need. To me, that sounds like a dream, but that's the thinking. What will it matter who owns the robots, if goods can be produced so cheaply that people will have everything they want? Anyway, the robots are coming, along with the AI revolution. There's some possibility it all ends badly, with AI robot "Terminators" wiping out humanity as unnecessary. -
Trump Is Already Slowing Global Trade as Companies Pause Orders
jas007 replied to placeholder's topic in Political Soapbox
Whatever you want to call it, many people will be out of jobs around the world. How much they will pay idled workers is anyone's guess. That's just a temporary solution, though, according to some, who seem to think that through AI and robotics, we''ll be entering an age of abundance and people will have all they need. To me, that seems crazy, but that's the thinking. -
Trump Is Already Slowing Global Trade as Companies Pause Orders
jas007 replied to placeholder's topic in Political Soapbox
The key word in that chart is "Production." Try looking for known "deposits." -
Trump Is Already Slowing Global Trade as Companies Pause Orders
jas007 replied to placeholder's topic in Political Soapbox
It doesn't defeat the whole purpose, but the robot question is going tot be problematic, nonetheless. Sooner than anyone seems to think, robots will take over many manufacturing jobs.This will put workers out of work not only in the USA, but around the world in developed countries. It's all part of the AI revolution and there's not really any stopping it. Smart people in the AI world know this, and have suggested that societies will have to come up with some way to support the idled workers. Universal Basic Income, perhaps. In ay event, even if manufacturing returns to the USA and the workers are all robots, this will help enrich America and stop the one flow of money to China. A win for Trump in that regard. -
Trump Is Already Slowing Global Trade as Companies Pause Orders
jas007 replied to placeholder's topic in Political Soapbox
In case you are unaware, China is not the only place on Earth that has "rare earths." Nor is it the only producer. -
Trump Is Already Slowing Global Trade as Companies Pause Orders
jas007 replied to placeholder's topic in Political Soapbox
Remember George from Seinfeld? https://youtu.be/1Y_6fZGSOQI?si=cC_4j--ObDE9-4yZ -
Trump Is Already Slowing Global Trade as Companies Pause Orders
jas007 replied to placeholder's topic in Political Soapbox
Correct. -
Trump Is Already Slowing Global Trade as Companies Pause Orders
jas007 replied to placeholder's topic in Political Soapbox
You think Krugman and Yellen actually know what they're talking about? They'r'e both biased in the extreme. People who think like they do are part of the problem, not part of any viable solution. -
Trump Is Already Slowing Global Trade as Companies Pause Orders
jas007 replied to placeholder's topic in Political Soapbox
My guess is that you'e significantly underestimating the effect of US business on Chinese manufacturing and the Chinese economy as a whole. Even if China "blacklists" every US company, that doesn't tell you much that's useful. What about the indirect effect of the USA as a customer through the international supply chains? Lots of the jobs in China rely on the USA as a customer, even if not a direct customer. To make up an example, assume a US company relies on parts supplied by a distributor in Mexico. Will China also blacklist the Mexican distributor just because one of its customers is a US company? If China started doing that, pretty soon most of the Chinese factories would be out of business. Face it: for China, global supply chains are both a blessing and a curse. Retaliation isn't as simple as you seem to think. Don't forget, China is already on the brink. Unless, of course, you believe all the propaganda generated by the Globalists. One by one, Trump will slowly line up countries that are willing to negotiate about tariffs. To believe that the entire world will somehow abandon the USA and somehow get along without it and the world's reserve currency is delusional. -
The U.S dollar index is now under 100
jas007 replied to SiamAndy's topic in Jobs, Economy, Banking, Business, Investments
It's something to keep an eye on for sure, as there are limits to what the markets will tolerate, over the short term. On the other hand, the US dollar does not exist in a vacuum. Around the world, central banks are all playing the same debt-based game, to a degree. I see that Thailand is now preparing a "stimulus package" to deal with the effects of the trade war. On the whole, I'm not too worried about the Thai/US Dollar exchange rate, going forward, at least for the next year or two. Can exchange rates fluctuate? Sure. But so what? That happens on a regular basis. Just never think that the Thai baht can't also be affected by the effects of money printing. -
Your body needs an adequate amount of the right kind of sleep, for sure. But if you're looking for a "healer," look into fasting. As for sleep? It's possible that you're not getting the right kind of sleep, even if you "sleep" all night. For example, people with sleep apnea never get a good night's sleep. That's why they have to wear special equipment when they sleep. Maybe you need some sort of device for tracking your sleep. Not only the duration of the sleep, but the type of sleep. I have a watch that tracks sleep and a couple of apps on my phone that analyze the data. You might be surprised at how thorough it is. And how much they can tell about the quality of your sleep and your overall health.
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Tariff pause - Trump IS an idiot !!
jas007 replied to TorquayFan's topic in US & Canada Topics and Events
I'm fairly certain I never wrote any of that matter you seem to think I wrote. Can you point me to the specific post or posts? -
Tariff pause - Trump IS an idiot !!
jas007 replied to TorquayFan's topic in US & Canada Topics and Events
For purposes of the West's Central Banking System, where fiat currencies are all debt based, the bond market always rules. Unless, of course, a person is intent on destroying the US dollar and the Western world. Either you know that, or you don't. That's what's so surprising to me. People seemed to think otherwise. People seemed to think Trump would willingly destroy the system, and with it the US dollar. No way. -
Tariff pause - Trump IS an idiot !!
jas007 replied to TorquayFan's topic in US & Canada Topics and Events
Let's assume you're correct, for the purpose of discussion. So what? At this point, the election is over, Trump is the President of the USA, and the people on the left, the media propaganda machine, and many people on this board seem to think that arguing that tariffs are stupid will "fix" the world's problems. These same people offer no solutions. Unless "Trump is an idiot" is some sort of solution. I think not. But it does serve the purpose of those whose only agenda is to "get Trump." If that's not sophomoric, I'm not sure what is. -
Tariff pause - Trump IS an idiot !!
jas007 replied to TorquayFan's topic in US & Canada Topics and Events
But that's the kind of thing Trump would always say, right? That's his mindset. A new beginning for America. "Liberation day" when the tariffs were announced. Everything is great or will be soon. -
Tariff pause - Trump IS an idiot !!
jas007 replied to TorquayFan's topic in US & Canada Topics and Events
That's the problem Trump rrecently addressed, in a nutshell. He was asked by the press about the tariffs and the pause, and he said that "someone had to do it." Years and years of "business s usual," which is what you seem to be suggesting, got the country into the mess it's in today. The budget deficit and the national debt are never really addressed. Instead, people talk about a lot, but end up doing nothing. No one acts. Well, Trump acted. Will it work? Who knows? But I think there's some chance. Business as usual is no longer an option. -
Tariff pause - Trump IS an idiot !!
jas007 replied to TorquayFan's topic in US & Canada Topics and Events
As an investor, if you're not cool, like a little Fonzi, that's what happens to you, much of the time. They don't shoot you though, they just take all your money and there you are, broke and trying to figure out who to blame. -
Tariff pause - Trump IS an idiot !!
jas007 replied to TorquayFan's topic in US & Canada Topics and Events
Most people, including most people posting on this thread, can't see the forrest for the trees primarily because they've been well and truly brainwashed by the mainstream media/propaganda machine or, they're simply not too bright and they don't understand how the stock market works. To make matters worse for them, they have no experience whatsoever in thinking for themselves. And so they're confused. In their mind, the only thing that they can come up with is "Trump is an idiot." That's what the media machine is telling them, and so that's what they think. The situation is still unfolding and nobody knows haw it will all turn out. In any event, I feel sorry for anyone who fell victim to the fear mongers spreading fear and hate in the financial markets. It's all part of a mainstream media propaganda campaign to "get Trump." Many investors lost money over the last few days because they were convinced the sky was falling and Trump's tariffs would result in catastrophe. They lost money they might never recover. Did they sell at the bottom, only to miss the next leg up in an ongoing bull market? No one knows, but what's important to realize that Wall Street operates on fear and greed and they fell for the fear campaign. Did Trump cause their losses? Hardly. Do I think Trump is an "idiot"? Trump isn't the issue.Tariffs are not the issue. They never were. The real issue is debt. Unsustainable US debt. The bond market has been telling everyone that for weeks, and in the investing world, the bond market dwarfs the stock market and is the only thing that really matters, at the end of the day. I'm not here to give financial advice, but I learned a long time ago that, as an investor, the only way to succeed is to be cool, like a little Fonzie.- 110 replies
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