2 minutes ago, ThreeCardMonte said:

16 minutes ago, CallumWK said:

 

Thanks for taking my post out of its context, I wouldn't have expected anything less from a cult member.

 

What I was saying is, no there were no tariffs on the WHOLE world, and certainly NEVER 145% tariffs on China

I don’t believe you

 

It wouldn't be difficult to double check, but of course for that you have to open your eyes, and flush the cult induced brain.

2 minutes ago, ThreeCardMonte said:

Countries that have been taking advantage of the US for decades.

 

How has the EU been taken advantage of the US?

 

1 minute ago, ThreeCardMonte said:

The things one can do with Microsoft software is amazing.

 

Isn’t it?

 

Troll on my ignore list, though I'm sure you were there already under your previous username

1 hour ago, Cameroni said:

 

Probably not. Markets are already up as China has cut interest rates to loosen liquidity to aid the Chinese economy and Bessent and Co are to meet with China's top economics offficial in Switzerland.

 

https://www.spglobal.com/market-intelligence/en/news-insights/articles/2025/5/china-cuts-policy-rate-bank-reserve-requirement-ahead-of-us-trade-talks-88862982

 

SP has also said that the US' credit rating is likely to be unaffected by the trade war.

 

https://www.reuters.com/world/china/sp-global-sees-credit-rating-breathing-room-trade-war-rivals-us-china-2025-04-29/

I diden't say that the US credit-rating will suffer in the short term. But investors will ask for higher yields as far as T-Bills/Bonds are concerned. Regardless what the FED will do.

 

The Issue: American politics and the monetary "helmsmen" want the Dollar lower. Once international investors should suffer another 7% decline in the value of their US $ holdings against their home currency could initiate a new "Bretton Woods" agreement.

 

The new currency consisting of a basket of Gold, the price of Wheat, the price of shell Eggs and the price of services of the prostitutes of Amsterdam. The new "world currency" = BUT STILL MEASURED IN US DOLLARS.😂

 

For better or for worse, the US dollar will remain the Sun of the monetary universe, other currencies (like planets) only orbiting around the sun.

 

But then: Not long ago, the British Pound was the monetary "sun" of the world.

 

The Swiss Franc the most stable currency for the last 180 years. But not enough in circulation to buy Greenland, not to speak of Canada.

1 minute ago, swissie said:

I diden't say that the US credit-rating will suffer in the short term. But investors will ask for higher yields as far as T-Bills/Bonds are concerned. Regardless what the FED will do.

 

The Issue: American politics and the monetary "helmsmen" want the Dollar lower. Once international investors should suffer another 7% decline in the value of their US $ holdings against their home currency could initiate a new "Bretton Woods" agreement.

 

The new currency consisting of a basket of Gold, the price of Wheat, the price of shell Eggs and the price of services of the prostitutes of Amsterdam. The new "world currency" = BUT STILL MEASURED IN US DOLLARS.😂

 

For better or for worse, the US dollar will remain the Sun of the monetary universe, other currencies (like planets) only orbiting around the sun.

 

But then: Not long ago, the British Pound was the monetary "sun" of the world.

 

The Swiss Franc the most stable currency for the last 180 years. But not enough in circulation to buy Greenland, not to speak of Canada.

Not once they start trading oil in Yuan and replace the SWIFT system. Trump has insulted everyone and they are pushing the destruct button.

18 hours ago, Cryingdick said:

The Chinese are hiding their books and protests are breaking out across the country. In one place factory workers even threatened to jump off the factories they work at. It seems the notion that Chinese people relish and even embrace economic misery are not how it is. This is happening after how long? Give it a month and see it play out. I can live with out a new toaster that long.

 

 

https://nypost.com/2025/05/06/world-news/protests-erupt-in-china-as-trumps-steep-tariffs-bite-extremely-anxious/

i have friends in China, It's not happening like this. Yes, things are difficult but not extreme.

Think about it, the USA is supposedly only 14% of China's GDP, so how could this make that much of an impact. 

4 minutes ago, cjinchiangrai said:

How anyone could think a corrupt felon is qualified for leadership says a lot about the cult and his minions.

 

Who knows, maybe we see a repeat of the Waco event

9 minutes ago, ericthai said:

i have friends in China, It's not happening like this. Yes, things are difficult but not extreme.

Think about it, the USA is supposedly only 14% of China's GDP, so how could this make that much of an impact. 

 

Not even 14% of GDP, it's 14% of their exports

1 hour ago, swissie said:

But then: Not long ago, the British Pound was the monetary "sun" of the world.

 

Quite so, but the British Empire was an exploitation model, stealing from natives outright with the Gatling gun, or cheating them by giving them glass beads for gold. The United States by contrast is a true economic giant, richer than God, its economy unfathomable in its productivity and of such size that it dwarves anything Britain has ever created. The riches and strength of the US economy are such that one cannot really compare the current US technology to Britain. I truly believe the US economy will be the sun of the world for many moons to come, especially now that Trump appears to bring China to her knees, they are in real trouble.

 

The Swiss Franc? As stable and developed as the Swiss economy is, it had a recession 1991 to 1993, unemployment has gone up dramatically now. When I was in Zurich's park I thought I'd ended up in Ghana or Ivory Coast. I somehow doubt the Swiss Franc will replace the US Dollar, as you rightly say, not so much of it in circulation.

11 hours ago, jerrymahoney said:

From NY Times via https://archive.ph/6MsBN#selection-517.0-521.168

 

Trump Officials to Meet With Chinese Counterparts Amid Trade Standoff
Scott Bessent, the Treasury secretary, and Jamieson Greer, the United States trade representative, will discuss trade and economic matters with the officials this week.

 

May 6, 2025 Updated 8:21 p.m. ET -- Asked about the talks in Switzerland, a spokesperson for the Chinese Ministry of Commerce said that U.S. officials had “continuously leaked information about adjusting tariff measures and actively conveyed information to China through various channels, hoping to talk with China on tariffs and other issues.”

 

“China has carefully evaluated the U.S. information,” the spokesperson said. “On the basis of fully considering global expectations, China’s interests and the calls of the U.S. industry and consumers, China has decided to agree to engage with the U.S.”

 

“If the United States wants to resolve the issue through negotiations,” the spokesperson added, “it must face up to the serious negative impact of unilateral tariff measures on itself and the world, face up to international economic and trade rules, fairness and justice, and rational voices from all walks of life, show sincerity in talks, correct its wrong practices, meet China halfway and resolve the concerns of both sides through equal consultation.”

 

(my bold)

 

 

 

 

Your bold show you side with China. However cruel it may seem, China has been bleeding the US dry for years with their unfair trade. China has gotten rich and grown enormously in production and weaponry using the unfair trading policies. Meanwhile, in the US, factories closed. production stopped and became non-existent. There has always been tolerance because the people were buying cheap goods. Neglecting the underside of it. Increasing debt to china. 

China needs to back off and accept that the unbalanced trade is unacceptable anymore. Americans lost so much and became reliant to the point where China thinks they can control everything. They are mistaken. Personally, I think what Trump is doing will be great for the American people in the long run. I hate to see it make the Chinese people suffer but actions so drastic such as this have impacts on everyones lives. 

China should come to the bargaining table ready to accept a balanced trade deal. 

I only have one profile. I can't do team trolling like the MAGA  Muppets here.

7 minutes ago, ThreeCardMonte said:

So anyone who disagrees with you is a troll?

 

Standard Operating Procedure for the leftists.

Not all, but certainly you.

11 minutes ago, ThreeCardMonte said:

I’’m honored.

 

Is it because:

 

 

 

No, it's because I don't use alternative facts.

4 hours ago, thesetat said:

Your bold show you side with China.

No. My bold only shows that, if China has a condition for any deal that Trump must admit to some 'wrong practices', that is an out for China 'cause Trump never admits a mistake.

 

My posting on this topic shows I side with this:

1.  Plaintiff challenges President Trump’s unlawful use of emergency 
power to impose a tariff on all imports from China. 

48 minutes ago, jerrymahoney said:

No. My bold only shows that, if China has a condition for any deal that Trump must admit to some 'wrong practices', that is an out for China 'cause Trump never admits a mistake.

 

My posting on this topic shows I side with this:

1.  Plaintiff challenges President Trump’s unlawful use of emergency 
power to impose a tariff on all imports from China. 

but it was not unlawful as I see it. Every president has done it before. What makes it unlawful?

IEEPA does not contain the word "tariff".

President Trump is attempting to bypass these constraints by invoking
the IEEPA. But in the IEEPA’s almost 50-year history, no previous president has
used it to impose tariffs. Which is not surprising, since the statute does not even
mention tariffs, nor does it say anything else suggesting it authorizes presidents to
tax American citizens.

12 hours ago, swissie said:

As long as this tariff BS stays in place, future worldwide growth will be stifled. Resulting in a "lost decade", if not worse. Certainly a S&P P/E ratio of 26 will no more be sustainable.

 

"Getting ugly in China"? Under these circumstances it won't be long before things get "ugly" in Europe and the US as well. Worldwide it will get "uglier".

 

Warren Buffet wasn't a buyer recently, he was a seller. A "red flag" was just hoisted.

 

Even if we assume that things will get "ugly" long term because tariffs are not the way to establish a level playing field, that's a discussion for another day.

 

The issue here is what happens with the trade negotiations. What agreement will be reached and how soon?  

 

Some people think Trump is living in a world that no longer exists and that the world's financial and economic center of gravity, so to speak, has shifted, that the US is no longer the dominant player it once was, and that this factor, alone, is determinative of an outcome where China wins and the US has no choice but to fold.  At least that seems to be the theory.

 

Other people think that, despite a changing world, things don't happen quite so quickly. The US dollar is the world reserve currency and will remain so for the near term, at least.  The dollar's importance may eventually fade, but that process will happen over decades, not weeks.  And so?  It's a so-called "race to the bottom" in the currency markets. Trump wants lower interest rates and a weaker dollar. And the Fed will have no choice but to eventually comply. Moreover, most central banks around the world are playing the same game. They may not all act in unison, but eventually, they won't have much choice but to play the game so long as the US Fed keeps printing.  As I've said, that's not a long term solution for the Fed and there is a breaking point, but before that breaking point is reached, there will be a trade deal.

 

After that? Who knows?  For now, they've kicked the can down the road.  That's usually how it works, right? 

 

Take a look at Trump's financial advisors.  They're all from the financial sector.  The path forward shouldn't surprise anyone.   As usual, the people of the world will end up the losers. 

 

 

On 5/7/2025 at 7:45 PM, ThreeCardMonte said:

On 5/7/2025 at 12:54 PM, jerrymahoney said:

A suit is underway in Federal Court claiming that the Trump tariff is unlawful under the IEEPA.

As to what if any attention the Chinese are paying to that, I have never seen any reference.
 

One can’t make this shi- up.
A suit by who?

Another leftist nut job or organization.

First it was the POTUS can’t remove illegal alien terrorist gang bangers.

Now he can’t issue tariffs.

 

Another chapter in the lefts LAWFARE 2.0.  1.0 was a failure.

Well it looks like the leftist nut job Cato Institute is signing on as amicus curiae for the case:

 

via AI Gemini

The Cato Institute is a non-profit public policy research organization, often referred to as a think tank, based in Washington, D.C. It's known for its libertarian stance and its advocacy for individual liberty, limited government, free markets, and peace. The institute conducts independent, nonpartisan research and publishes its findings in various formats, including reports, articles, and a blog, and works to engage in public policy debates. 

 

...and the federal district judge on the Pensacola, FL, case is a Trump appointee.

Anyone who uses the term 'leftist nutjob' is likely to have a screw loose themselves. It's like they are all signing from the same hymn sheet. Trump says it and they all follow. Sheep. Baaaahhh...

What ever left wing challenges there are to Trump's executive order shock&awe, this one isn't.

I consider it original, as I didn't copy it from anywhere, nor anyone else. How about "leftist nutjob"? Original?

The mad Trumpettes can only copy what their dear leader says. They don't have any original thought of their own.

Hence the bleating in unison of the same old themes. Blame Biden is but one. Derangement Syndrome is another. Why is that? Because you are 'sheep'. The evidence is there for all to see.

On 5/7/2025 at 3:38 AM, Cryingdick said:

The Chinese are hiding their books and protests are breaking out across the country. In one place factory workers even threatened to jump off the factories they work at. It seems the notion that Chinese people relish and even embrace economic misery are not how it is. This is happening after how long? Give it a month and see it play out. I can live with out a new toaster that long.

 

 

https://nypost.com/2025/05/06/world-news/protests-erupt-in-china-as-trumps-steep-tariffs-bite-extremely-anxious/

Yes, it all goes pear shaped, oh wait a minute: China’s exports surge as shipments to Southeast Asian countries offset plunge in U.S. trade

Stronger-than-forecast trade from China in April 2025. Don't listen to the fake articles online!!

Some workers may be struggeling with their lavish lifestyles, since in certain factories there are no more overtime hours to be paid!

https://think.ing.com/snaps/reports-of-the-death-of-chinese-exports-have-been-greatly-exaggerated/

On 5/9/2025 at 4:01 PM, FritsSikkink said:

Yes, it all goes pear shaped, oh wait a minute: China’s exports surge as shipments to Southeast Asian countries offset plunge in U.S. trade

You trust Chinese data right? Statistics coming from an free and open government

 

31 minutes ago, Xonax said:

Stronger-than-forecast trade from China in April 2025. Don't listen to the fake articles online!!

Same. Trusting the Chinese gets you nowhere.

The right wing/former Republican/libertarian amicus briefs are coming in supporting the plaintiff in the Pensacola, IEEPA tariff case.

The case is basically that the IEEPA, while it enumerates the tools available to deal with a crisis, never mentions 'tariffs'.

The government may be taking the tack that the IEEPA allows anything it DOESN'T specifically disallow.

The libertarian challenge is in the government's claim to have an authority that it does not have.