Loading ...Maybe Xi will put an export tariff of 50% on electronics, phones, chips etc.
A compassionate move to help Trump achieve his objectives. And still half the tariff on everything else!
Well, he’s certainly behaving like a loose cannon.
That list of exemptions looks like it pretty much covers the “Computers and Electronic Products” that comprise 30% of Chinese imports:
and it’s been backdated. Crystal clear that absolutely no thought was given to the imposition of tariffs whatsoever. sng’s brighteon has a lot of truth. How can you do business with such an unstable leader in charge of the country, who will not be there in three and a half years’ time; worse, faces losing support from the other houses in less than two years if he can’t keep the people on his side? Which is why he’s flip-flopped on iPhones, bread and circuses, but is a 20% tariff enough to persuade Apple to onshore production? Unlikely, imo. And if it is enough, who is going to make Lutnick’s robots who assemble the iPhones in the US of A? China? Taiwan? Japan? With tariffs on their import. Nobody, but nobody, is going to invest in America because the risk of tariffs being lifted for the mid-terms is too great.
Loss number one, Mr Trump. Now, how is your understanding of what “non-negotiable” means going? I know it’s a new concept for you, but you aren’t going anywhere with Putin until your comprehension increases. You say that you want the killing to stop, but you won’t accept the Russia’s basic requirements. Putin isn’t trying to sell you a tower block, setting a high price that he expects you to beat him down a bit. “The Art of the Deal” doesn’t work here. Loss number two. And you’re using up all your ammo in Yemen because Israel broke the truce in Gaza. Loss number three.
WOW! Trump is behaving exactly like the last arrogant emperor of a DYING EMPIRE.
This is a “sit on the edge of your seat” presentation by Mike Adams, and it exposes many things that have been bothering me too. Only 24 minutes so please watch.
https://www.brighteon.com/3b571706-ee48-4b2a-b854-ecc61df61481
This is a really good one to listen to
To be ahead of the game and position yourself on the right side of the next 10 years. Simon was for Trump and is called a self hating Jew. That he doesn’t agree with everything but he knows there is a systemic change from what was leading us into WW111 from Biden that changed with Trump. That there will be a change in Isreal and a peace deal that includes a equal agreement with Iran. That won’t be easy. Europe not so good. They’re playing into the debt slave, net zero path to social credit scores. There was QA with this one talking about how to prepare. That AI and everything that goes with it like chips, energy, is unstoppable and where you want to position yourself along with self custody Bitcoin and Gold. A lot of info. To decide where you want to live, buy local, support your communities, don’t buy into debt or anything that feeds into the machine. I had to scroll through some of the QA but the beginning Simon explains how the Fed and central banks have been merging. Then other layers. He is including all countries.
ferret – all true
Our real export strength would be in agriculture and eventually oil. Weapons of war is something we’re pretty good at.
Point taken, yes, a weaker dollar will make imports more expensive, but that’s probably the idea. Make them expensive enough that we buy our own stuff.
As for the dollar reserve currency and strength. The dollar now is ridiculously strong against the other fiat around the world, including the Aussie dollar. I know you remember back in the late 90’s, early 2000’s the Euro was 1.63 – 1, now 1.13, the Sterling around the same. I think the Mexican Peso got up to an 8-1 ratio, now 22 or so. Point is, the dollar has a long way to fall if they want it to.
There is no currency to replace it unless the BRICS actually bring back a system with a gold or other backed currency meant for everyday use, not just something that settles international trade.
The Chinese yuan is not viable, they could back it with gold I suppose to make it viable, but then they’d lose their ability to stimulate their economy with fiat as they are doing right now. I suspect a gold-backed Yuan would also make their exports more expensive which isn’t conducive to an export economy.
It’s a fiat mess out there. I’ve always believed the first country to back their fiat with gold ultimately wins the game, but the attractiveness of money printing from thin air is just too irresistible, especially as long as others are willing to take paper for real goods and labor.
Mr.Copper, an interesting thing has happened on the way to retirement for Aussies.
In Oz, everything related to retirement funds is called Super(annuation). And starting in 1990 the Govt. decreed that employees must contribute 10% (the SGL, Superannuation Guarantee Levy) to employees’ super funds. This is clearly an effort by government to reduce the burden on the state at retirement, and let’s face it is a mostly sensible thing. The SGL contributions are held by Super companies in specific accounts, so what your employer put in is yours, plus investment income less taxes and Super company charges. There are tax concessions for you to add to your super from your own savings. It is supposed to be a tax advantageous investment option. The super funds offer many options for investment; hi-growth, conservative, cash, foreign stocks, Australian stocks, green stocks …. the permutations are endless.
35 years on and the amounts invested in super have naturally grown. To the extent that the major super funds now consider that, as funds own ~40% of Australian equities, they can’t justify investing any more in our home grown markets, and have to look to overseas equities, which already comprise 33% of AUM, for more opportunities. Setting aside the fact that they presumably think that blindly continuing to invest in the Aussie markets for patriotic reasons would be inflationary to stock prices – to what extent has the compulsory injection of AU$3.84tn into the markets distorted asset prices already? And now more money that has to be invested is looking for homes in overseas stock markets. Because nearly everyone has super, then nearly everyone is affected by SM crashes, compounded by the fact that if you have a falling AUD then you’re losing more money on the exchange rate on your overseas stocks or bonds. I bet next to none understand the exchange rate risk of investing overseas.
Anyway, I reckon your observations are spot on. For all sorts of reasons asset prices are inflated, and the pain of unwinding will be immense for many people. The biggest cause of asset inflation is debt, and we know how much unwinding has to take place there.
Abolish debt.
Good for the Aussies
Government makes bad parents on a general rule especially if they’re Democrats.
This one in Australia is a exception, but a super dad who saved a child. He prevented mutilation pushed upon him by external forces who denied the child was being influenced by external forces when that’s exactly what they are.
The ruling is ‘devastating for the dominant gender-affirming model with its promotion of puberty blockers, hormones and surgery’ noted one pundit.
In his landmark ruling, Justice Andrew Strum awarded sole custody of a 12-year-old boy to his father in order to stop the boy’s mother’s relentless push – with the aid of a leading “gender clinic ” – to “transition” her son through the use of harmful puberty blockers. The mother’s efforts had gone on for six years.
“This could signal a return to common sense and justice for child safeguarding in Australian courts,” noted Binary.org’s Kirralie Smith.
PS
It “could” do this or it could do that but if it doesn’t Im not gonna get blamed for it.
Gold
Getting out of a gold intoxication and down to charting. Since the RHS the difference between the shoulders and head was about 500, I make it the easy way” which made the breakout from the shoulder of 2100 approximately 2600 but never exact and passed a bit past 2700 but consolidated at 2600 or 500 plus 2100. From there is when you have to watch out if it ” the 500 doubles again and it did. It went from 2600 to 3200 passing it again. So if it consolidates at 3100 then watch out, stay alert and have stops in place Just saying.
There is no exact numbers so just watch out. Just in case forewarned is forearmed.