New cope/180 about turn just dropped.
Trust the plan
Tariff checks when?
The US ran massive trade deficits with Japan in the 60s-90s and it caused three Lost Decades there, not them taking over the US like everyone predicted. Germany has run some of the largest trade surpluses of any nation for decades, yet has a lower per-capita GDP than West Virginia—$46,232 vs. $49,464. (Japan's per-capita GDP is $40,063 btw)What gives? Aren't trade deficits bad and trade surpluses good? No, and it's surprisingly easy to understand why if you think about it very objectively.If I buy $20 of X in the US and ship it to China and sell it for $40, I can return the ship empty and record a $20 profit on my own books, while the government's customs books record a $40 trade surplus. However, if I take my profit and buy $40 of chink widgets that are worth $80 in the US, I make a $60 profit instead of $20...but now the government customs book reads as a $60 trade deficit!>OMG! We're getting robbed blind and the chinks will own the US soon!!!!But what does this figure even mean? Would it really be better to return the ship empty and make less money? Of course not. The objective reality is: $20 of X left the US and $80 of Y entered the US, which is a $60 net-return no matter how you slice it. Trade deficits aren't a bad thing but a direct measure of the PROFIT of the trade...which is why the figure is the same in both cases.The whole notion of "trade deficits" is just an accounting artifact that gets everything backwards and records profits as losses.
>>536799667The only reason we got the covid checks was because he thought it'd help him win in 2020.
>>536799667It blows my mind that Trump literally doesn't know what a Tariff is. Every news org should be asking him to explain what it is 24/7 until he answers it correctly.
>>536799823Remember when Schumer and Pelosi were seething about it and tried to turn it into a (((loan))) instead?
>>536799893It's a sales tax on imports. Very obvious sweaty.
Trade deficits for good for the US actually.
>>536799956I know this. Trump doesn't.
>>536799775Thanks Grok.
>>536800099I guess that makes you special.>>536800313Nope, no AI. All me. Cope how you need.
>>536800394I don't believe you that you typed an em-dash manually.
>>536799521>these tariffs will surely close the trade deficittop kekorange crybaby confirmed actual failed retard
>>536800561Oh I'm not a zoomer. em-dashes were much more common back in the 80s and 90s. Now they're associated with AI because kids don't use them but I was trained on a lot of them. They're useful in certain sentences where a comma or semicolon wouldn't be grammatically appropriate.
>>536800686If tariffs were bad for the US instead of for China, chinks wouldn't be so against them. And China wouldn't have their own tariffs, nor would Canada.
>>536800763tariffs are bad for every consumer. they do beneifit some businesses and employees of those businesses.tariffs are not good or bad for everyone. the problem isn't tariffs per se, the problem is tariffs set and enforced without thought or context.you should be applying tariffs on strategically important products, not plastic consumer-tier shit from china.in other words, target your tariffs.
>>536800763retard
>>536800925>not plastic consumer-tier shit from chinawhat's wrong with imposing a sales tax on plastic shit from China? people should buy a lot less of that anyway>>536800957you have no response kek
>>536799893China has long had tariffs on US goods. Doesn’t seem to hurt them.Us tariffs bad China tariffs good
>>536800763>Idk how tariffs workSee >>536800925Tariffs are meant to be a last resort type approach because they ultimately hurt both countries. They should be used strategically in specific circumstances. The exact opposite of how Trump treats them. And again, keep in mind, Trump doesn't know what tariffs are.
>>536801201Way to deflect and not address my point.
>>536799775The collapse of Japan’s economic boom happened in the eighties and was the result of revaluing the exchange rate of the yen, which the US and Europe forced them to do because Japanese exports were becoming way too competitive (this itself was a problem caused by the US when they set the yen exchange rate low on purpose to bolster Japan as a democratic Asian stronghold). They set it way too high, which led to a real estate bubble and stock market bubble. Japan was booming for the decades you mentioned (aside from the 90’s, which is the start of their lost decade).
>>536800705Fellow dash bro, thank you. And thank you for your explication on the trade deficit bs. Highschool Macro Economics was a while ago for me, us, and the principles haven't changed; but somehow people think that thinking it does does? The hell happened to people?
>>536801438oh no, now you're back to the same line lmao>>536801576so why didn't China learn the lesson and stay out of the WTO so they could keep their currency artificially low?>>536801669Everyone got real dumb and the internet and social media made everything worse. Attention spans are garbage now so discussion is impossible.
>>536802218I fucked my post up because I’m dumbass (the louvre accords weakened the yen because it was becoming too strong, and this caused the bubble). My mistake. However, the point stands that Japan was doing very well economically until the everyone intervened to suppress it. I need to think through things before posting. China just artificially suppressed (and continues to suppress) their own currency. They were accused of currency manipulation for basically two decades straight, in part because they have a managed float system instead of a freely floating currency and so they meddle in the exchange rate.
>>536802955>China just artificially suppressed (and continues to suppress) their own currencyThis is true and also against WTO rules, which China has never abided. They get away with it because they got the world addicted on their slave labor and no enviromental laws etc. They became the "sin eater" of the global economy basically, and funded eco groups in Western countries to foment that dependency further, same as Russia and Saudi Arabia funded anti-fracking groups in the US.
In trying to gaslight others you've only gaslit yourself.
>>536799521>180You mean 360?
>>536800763>If shitting my pants in an elevator was bad for me the other occupants wouldn't complain
>>536800099Is reading minds some sort of super power retards like you get?
>>536800957No you are the actual retard in this situation for sticking to what the lugenpresse told you like it's gospel.
>>536803308>I'm stupid and wrong.See? I can make you say stuff too.
>>536799775Depends on who you are. Big trade deficit is good for investment/capitalist class and bad for workers. Same thing with immigration.
>>536800925>i'll just copy/pasta the same tired old bullshitAll the predictions you retards made about how bad tariffs would be fell flat. Do you reconsider your position? No, you don't. Why? Because you're retarded.
>>536799667oh yeah true, and..doge checks when?no income taxes when?bloumpf phones when?grifter-in-chief delivered on nothing but gargling on jewish cum it seems
>>536803355He has never explained what a tariff actually is you fucking moron.
>>536801201Trump isnt even 1/10 as competent as China's leaders. Hes been in power for two terms and the gap just keeps widening, China's surplus just keeps increasing. Hes retarded
>>536803446>Big trade deficit is good for investment/capitalist class and bad for workersWhy do countries with large trade deficits generally have such higher salaries than countries with large trade surpluses? Those higher salaries are why the immigrants go there after all, right?
>>536801201>Doesn’t seem to hurt them.it's almost as if you don't export shit beside your debt :O
miggers 180. trust the updated plan
>>536803647>it's almost as if you don't export shit beside your debtcopehttps://en.wikipedia.org/wiki/List_of_countries_by_exports
>>536799775>The US ran massive trade deficits with Japan in the 60s-90s and it caused three Lost Decades there, not them taking over the US like everyone predicted. Germany has run some of the largest trade surpluses of any nation for decades, yet has a lower per-capita GDP than West Virginia—$46,232 vs. $49,464. (Japan's per-capita GDP is $40,063 btw)Kek. And now tell us what the differences are between japan/germany to china. You have to pay the bill this time.
>>536803842>now tell us what the differences are between japan/germany to chinaChina is much much poorer, and has gotten old before they got rich. That's one difference. Now take your meds to make the screaming in your head stop. I know it's you.
>>536804002Now make a comparison of the stationed american soldiers.
>>5367996672 more weeks
>>536803647This worked well as long as the world paid in USD. But the de-dollarization is unstoppable. We are witnessing the fall of an empire live, and it will be a bloodbath.
>>536804180No idea what your talking about. Is the screaming in your head bad today? Serious question.
>>536799521
>>536801201I wonder if I looked into it their tariffs are applied on a sector by sector or specific commodity basis. with strategic thinking behind them, instead of the day to day whims of an obese retarded golem.
>>536804359>No idea what your talking about.Nice try, mormon demon. But your occupation troops in germany and japan are no secret.
>>536804463Mormon? Wut? We were talking the other day about what you called "schizophrenia" but you said you didn't have hallucinations just screaming in your head. That's not schizophrenia anon.
>>536803842Kek Japan is more poor Japan has Lower per cápita current is 35703
>>536804744What are you babbling about, mutt? Either answer the post or I will take this as a surrender.
>>536804876The difference is that japan and germany have been american high-tech colonies since 1945. They were never intended to achieve long-term prosperity. China is playing its own game.
>>536800561It's Alt+0151 and it's a fucking reflex for me. Fuck you. AI does not own punctuation, you piece of shit.
>>536800561>I don't believe you that you typed an em-dash manually.Translators do that too. The capitalization of some words also suggests that it's either a translator or AI.
>>536805535it made you angry didn't it? because you have no response
>>536805607Why are you using a translator?
>>536799915>Schumer and PelosiHis translator even capitalized the names of his alleged enemies.
>>536799893remember these are the losers who thought that china paid for the tariffs kek they are genuinely retarded just saying shit to make sound
>>536799893And what’s wild is that he's been obsessed with tariffs since the 80s without apparently learning what the word means this entire time. He's been obsessed ever since he was beaten out by a Japanese collector in an auction. So ultimately the trade policy of the world's largest economy is really just a tool for his personal revenge against the idea of a foreigner having more money.
>>536806083>>536806449Trump has the economic understanding of a toddler. All he would have had to do to reverse the trade deficit trend was implement the measures proposed by buffett. Instead, he tries a sledgehammer approach and then wonders why he has to reverse it so quickly.
>>536800763Totally financially illiterate.
>>536806740You have no response though. The asian verbal iq doesn't allow for one.
>>536799823>I'm a retarded nigger. We know, anon.
>>536806843>asianWhy is it suddenly lowercase? Are you editing your translation results now before posting them?
Trade "deficit" just means you receive more goodies than you toss out.Imagine building a car and trading it for two cars someone else made.How is that not an awesome deal?>but how is it possible? why does America get free stuff?petrodollar
>US imports real assets with their fake currency>Fake currency is then leveraged by forcing its use in certain commodities which exports the effect of inflation to the entire rest of the world>This is somehow bad for the US, that it gets real stuff in exchange for fake stuffk
>>536807610Everyone else imports real assets with our fake currency too, not their own fake currency.
>>536806843lol, why would I respond to the equivalent of a hampster flipping me off. Liberation day!! >retard
>>536804889you are very confused
>>536808195>asian verbal iq intensifies
>>536799521the deficit of me being able to trade my labor wages for goods and services widened by several orders of magnitude. I did notice, yes.the poverty line moving goalpost is at mach6.
