In an honest economy, people make money by trading with each other, with exact outcomes largely unforeseeable. In a politicized economy, on the other hand, hustlers make money by gaming government.
Anytime you are on the side of the EU Globalist Corrupt Criminals - you are on the wrong side. For example, the biggest Genocide you haven't heard of (because our "media" are scumbags) has been going on for the past 7 days - but what's 20,000+ murdered Christians and peaceful Muslims here and there, eh? A radical, filthy demon exchanges his Suicide Vest for a Suit & Tie, and the EU/Britain/Canada fall over themselves in their rush to give him money and legitimacy. Shades of the same disasters after our "State Department" + Bushless + Hildabeast + Oblowme decided to remove the stopgaps that were Hussein, Quadaffi and the ugly Ukraine Circus with its dead in Donbas. If the Drunk Toddler had been allowed to steal last November, you can bet your bottom dollar your tax dollars would also be funding these emboldened savages right now:
These people (EU "leaders") that Bill adores are some of the most evil to have ever walked the Earth, yet Bonner has zero issues using them to feebly attack Donald Trump - again...
Really, People? The U.S. wears the "white hat" and is always true, blue, and for the little men/women/whatever worldwide. Over 800 MILITARY bases worldwide. Naval warships floating everywhere. Of course, PROTECTING DEMOCRACY! Ya think!. Geez, please wake-up and smell the coffee! The U.S. has invaded more countries, toppled more governments, and probably stolen more gold (and then had that stolen by the Deep State) than the Spanish/British/etc ever did when the word "posh" was invented. The U.S. routinely drops agreements whenever they feel it suits their interests. Why would anyone EVER trust the word of a U.S. President or an agreement made by the U.S. - written or NOT. Trump demands a 30-day ceasefire - why, because he wants it or ELSE. Really? Russia and China aren't trying to "invade" the U.S. or Europe - frankly, their hope is to keep the West at bay. The real "evil" resides right here - not over yonder. The Primary Trend for the U.S. isn't just down - it is falling off a cliff.
This is why we're dismantling the perpetual war machine that has let us to the brink of bankruptcy. We are a corrupt and dying empire at the end of its currency lifespan.
Good post, agree with some of it Ol' Man. Sadly, I realize the US is not always the "good guy", but usually we are Orders of Magnitude better than any Other Guy.
Do you hereby absolve the EU "leadership"?
A bit off-topic and not sure why you used it as a Reply to what I wrote, but all good...
The EU leadership. Is there leadership in the EU? Those clowns including Stamer. Primarily - as you do - watching what they do, not what they say solves the puzzle. But, listening to what they "say" startles this ol' man....can they really want us peons to take them seriously. The politicians in the West today.....Ugh!
Ol’ Man, as SE said, you make some points that are spot-on. I, too, agree that the U.S. has stuck its nose in too many places, all in the name of “national defense.” But it’s profitable for the Military-Industrial Complex, you see.
Thanks for the extra special lauding of EU commission Head von der Leyen. Who is second only to Angela Merkel in destroying Germany and the social fabric in EU member states.
It's a little play on words: an old German folk song about a budding rose on the meadow, only I emphasized RED, implying Ursula is a communist. (It's a German thing) Goethe wrote the poem in 1789. Every German schoolboy and schoolgirl would know it, at least if they were our age! Best always. PM
It's a little play on Goethe's poem (1789), "Little Rose on the Meadow". It's quite famous in Germany. I used it to make fun of what I see as Ursula von der Leyen's socialist RED tendencies. Best always. PM
I dont believe Bill adores them but its all really tit for tat. I cant stand that C.... queen Ursula another one needing to be removed either voluntarily or through various contributions.
Meh - I’ve got two really bad habits. I generally don’t think the best of someone until I get to know them (aka Experience), and I’m not a big believer in Second Chances (aka Experience.)
But you’re completely right- “adore” might have been a bit strong in this instance…
Yeah, EU candidate etc.Also, and tariffs are bad. If they're very bad then why do they have them highest, the EU et al ?
Threaten our electricity....? Those autoplants are literally right across the border from Detroit. The same aor higher labor cost than the American U.A.W, they are UAW and owned by american companies. Where is the efficiency in that? There isn't any, it's another part of the "grift" that Bill speaks of.
The power plants? If they didn't have the subsidization from american rate payers those plants would never have been built. More Grift.
About the border. Our Southern states are flooded with Is snowbirds. You can't go to canada and live for three months at a time. I used to work in Canada and I could only be there for 2 weeks at a time.I have to have my apartment across the border. Every time I was in Canada, Women would be attracted to americans because they wanted to get the helll out of there. Not everywher is Toronto "I can't imagine how nice it would be to live there
there so many opportunities and the weather. OMG." It was really bad. The local guys would get "upset."
The media stuff is all b s. The exception, perhaps, is Ontario. The others would love to be part of the United States and travel freely.
Re fentanyl from Canada. Just revealed that there are 4000 + labs, allegedly run by Chinese nationals producing fentanyl. All for local use? I doubt it.
What is continuously ignored, and I will repeat as often as necessary, is the fact of China shipping unfinished goods to Mexico, to be assembled and labeled "made in Mexico" to avoid tariffs. Canada comes in for it for accepting cheap Chicom steel and aluminum to be relabeled "made in Canada." Sorry, my sympathy well is dry.
Trumps psychosis has always included taking giggling joy from the choreographed attacks with the expected responses to his bad boy bullying with badgering and baiting. He has always wasted container ship loads of potential good will with needless insults such as “the 51st state” to Canada, not funny. A real diplomat could have imposed 25% tariffs with dignity stating there is a (chinese/Mexican) drug problem we need to solve. My family and friends in Alberta, across the border from my family and friends in Montana who voted for Trump, would loosen or remove Trumps dental work after his school boy condescending not funny to Canadians comments. I’ve personally been a big supporter of Trump, yet he runs his mouth and tactics wastefully too far in many occasions. Lets see how our Canadian friends respond in the long term.
The talk of Canada being a fifty first state would be incorrect.....Each province should be their own state. Have them vote that way.I'll bet you'd be surprised. Can you imagine living hundreds of miles north of International Falls MN, the coldest place in the United States? Increased opportunity, lower taxes, short pants and warm gentles, are things most Americans take for granted.
The USA did this tariff thing in 1985 to get the Plaza Accords signed to revalue the dollar. I cant believe Bill, who thinks he is a genius, didn't know that.
Let's take a peek at what transpired in 1985. The US threatened the big boys at that time (Japan, Germany, UK and France) with tarrifs. If they didn't agree to devalue the US dollar.
Why did the US want to devalue their dollar?
The US dollar was strong vs the others. Hurting US exports. Widening the trade deficits between the US and each of the countries.
Noticing a similar vibe here?
Volcker's interest rates hikes earlier in the decade, Reagan's fiscal policy (or lack thereof) caused more Treasury Bond issues, increasing interest rates further, attracting more foreign investment. Who saw the US Treasury Bond as a very safe investment. Giving the US a strong dollar as a result.
But instead of working with the world, Reagan and Treasury Secretary of James Baker (who's name pops up at the most inappropriate times in the history of the US) proposed that those 4 nations devalue the US dollar vs their own currency. So as to boost US exports. Increase jobs, for Americans. Make America Great Again. Or face tariffs.
You know. Like our friend Donald and Howard Lutnick(where were you again Howard on 9/11?) who believes that tarrifs are the answer.
The rise in US exports was very short lived. Less than 1 term of office. Instead it was punctuated by the following "unintended" consequences:
1. 𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 𝘄𝗮𝘀 𝗵𝗼𝗹𝗹𝗼𝘄𝗲𝗱 𝗼𝘂𝘁. As the US dollar weakened, many US countries found they could make even more money by moving production overseas. You know. To China. The biggest of the "unintended" consequences.
2. 𝗦𝘁𝗼𝗰𝗸 𝗠𝗮𝗿𝗸𝗲𝘁 𝗰𝗿𝗮𝘀𝗵 - the rapid realignment contributed to the 1987 US stock market crash. With a similar one in 1989 for Japan.
3. 𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 - US became more reliant on other countries investing in their Treasury Bonds to finance the budget and trade deficits.
4. 𝗦𝗲𝘁 𝗲𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗳𝘂𝘁𝘂𝗿𝗲. That doing that again was okay. Not.
5. 𝗦𝘁𝗿𝗮𝗶𝗻𝗲𝗱 𝗿𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀 𝘄𝗶𝘁𝗵 𝗮𝗹𝗹𝗶𝗲𝘀. Especially Japan who bore the brunt of that agreement.
So you would want the world to head in that same sort of direction? (Make America Great) Again? With not even a meeting of the minds this time, but instead unilaterally imposed tariffs?
He does know. It's simply more fun for him to trash Trump and watch his supporter squirm. I wonder what crazy plan President Bonner would attempt to implement in order to save our nation from debt implosion? Does he have any ideas or is he just attacking the 'man in the arena,' from the sidelines?
It's almost like Bill is willfully ignorant of the role tariffs play in their plan for a dollar/debt reset. He's a partisan analyst which is weird to me because most finance guys I read go out of their way to be politically neutral. Not Bill. His TDS shines through every single communication. Comparing KJP to Secretary Leavitt is a sad joke.
Here's a link to the published plan that I'm certain Bill already knows about but refuses to write about when trashing Trump as if the tariffs were just random stupidity by a madman and his crew of self-interested billionaires. Read the plan published by Professor Steven Miran. His research is guiding their choices. Currency reset is coming as done in '85 by Reagan. Life comes at you pretty fast. Try to keep up, Bill. And for God's sake find a way to flush your TDS. He's just a dude trying to be the best President the people ever had.
Unfortunately, there's a plan. And then there's Trump with that same plan.
Stephen Miran in his plan that you cited, wanted to fix the global trading system by 𝙨𝙡𝙤𝙬𝙡𝙮 (𝙠𝙚𝙮 𝙬𝙤𝙧𝙙 𝙞𝙣 𝙝𝙞𝙨 𝙖𝙧𝙩𝙞𝙘𝙡𝙚) 𝙧𝙖𝙞𝙨𝙞𝙣𝙜 𝙩𝙖𝙧𝙞𝙛𝙛𝙨, a little at a time. 𝙒𝙤𝙧𝙠𝙞𝙣𝙜 (𝙖𝙣𝙤𝙩𝙝𝙚𝙧 𝙠𝙚𝙮 𝙬𝙤𝙧𝙙) 𝙬𝙞𝙩𝙝 𝙤𝙩𝙝𝙚𝙧 𝙘𝙤𝙪𝙣𝙩𝙧𝙞𝙚𝙨 𝙖𝙣𝙙 𝙩𝙝𝙚 𝙁𝙀𝘿 (Miran didn't plan to axe this branch of government) to keep prices stable. At least for Americans. Making small changes to the dollar's value (𝙢𝙖𝙠𝙚 𝙩𝙝𝙚 𝙐𝙎𝘿 𝙬𝙚𝙖𝙠𝙚𝙧) so US factories could sell more (exports) abroad without causing big problems. 𝙃𝙚 𝙬𝙖𝙣𝙩𝙚𝙙 𝙩𝙤 𝙖𝙫𝙤𝙞𝙙 𝙘𝙝𝙖𝙤𝙨, by taking it step-by-step and teaming up with allies.
BTW, Miran's plan for some extra cash, is a bit of a subset of what Dan Denning proposed that Trump's overall plan was going to be - strengthen the USD, then devalue the USD by lowering interest rates and axing multiple government departments, get manufacturing going on the devalued USD, then payoff the debt with devalued dollars.
Trump instead, is slamming huge tariffs on Canada, Mexico and China, superfast, by himself without any teamwork or slow buildup. This will raise the price of items (Consumer Price Index), will freak out the stock market, start trade wars, and cause deep rifts in relationships with other countries.
All because he is rushing into Miran's plan, rather than being slow and careful.
And to boot, Miran NEVER mentions in that article that he is going to replace taxes with tariffs, as Lunatick is suggesting. It was only a way of getting more income for the government without directly taxing the people. And that's only IF the trading partner's currency devalues (like the Chinese Renminbi did in 2018-19 tariff war). Otherwise, if the trading partner's currency stays strong, then the tariff will hit the American consumer right between the eyes as a price increase by US manufacturers.
But even THAT wasn't Miran's plan, as he wanted to devalue the USD, not strengthen it.
So really, this paper, while it may have merit on the surface, has been largely ignored. If Trump was informed of its existence, or given a summary, he only heard one word.
Tariffs.
And a chance to be on the world stage as he handed them out.
They have an ambitious plan, and they are going to implement it come Hell or high water. Will there be chaos and change? Absolutely. Will it be beneficial in the long run? Beneficial for whom? That's the question.
I, for one, find the current regime of money printing partnered with endless fraud, wars, and grift intolerable. Ready to try just about anything else. Heck, bring back the gold standard. Or Bitcoin standard. Just stop printing dollars and foisting them on the globe.
And remember, the "plan" according to Miran is only for "extra" cash. Not to replace all the taxes currently being taken from American citizens and corps.
Trump's plan "D, E or F" ain't gonna change it. It will just prolong it. The empire. And the pain it has brought and will continue to bring.
So the only way to continue the show, is as Bill has endlessly flogged.
There really are only 2 options. Plan A or Plan B.
Sam as Soon as I saw the title , I stopped reading . Not that I am any more intelligent than the next guy, but that just tells Me that their is a more sinister event going on . Do not know what it is , but I do not want to be any part of it. Just Me as I do not like change, except for My under wear.
Don, unfortunately, change is coming whether we want it, like it, or try to stick our head in the sand and ignore it. George Carlin said it best - "It's a Big Club and you ain't in it." The World - absent a flash - is splitting into Regions. Most likely - at least three (3) if not four (4). The West elites absolutely hate it - they want to rule the World. Fortunately, that ain't goin' happen and the American Empire fades away. In essences, our new Big Man has no clothes.
Yep ,I have to agree with You. But I ain't gonna like it. Not that that matters in the scheme of life. Just another drop in the ocean of life, that I am.
Can't agree with you more. I don't like it at all. Just ugly. Sort of like a word play on good ol' Forrest Gump - Reality is what Reality does. None of us minions want it to be this ugly. But wanting doesn't do anything. Ugh!
Bill is good for my mental health, he stimulates my system with adrenaline, gets the neurons firing.
The world system is corrupt.
Free trade is the foundation of corporate rule. Corporatism is Fascism. It’s a giant monopoly. They have taken over everything. There is no competition. They own agriculture, steak
Is $18.00 a pound, food is priced at anything they want. They own your doctor, dentist, therapist, hospital; they own the insurance industry, and they own the drug distribution system, the pharmaceuticals. They own the government. They own everything. Black Rock and its ilk control the world.
Bill takes their spokesperson seriously.
NAFT is an abomination. Mexico is controlled by cartels and Canadians elect communist dictators. Why do we get steel or cars or electricity from Canada when they closed down car factories in Michigan, and the government of US makes it impossible to build power plants? Obviously, most of the manufacturing in Mexico is automated and all the world using it to produce products sold, tariff free, in the US. Why were we stupid enough to propose NAFTA, who paid who.
The reason we have big budgets is because the MICC, warfare state, spends half, and the other half is stolen. Only half the workforce works, no jobs, bounteous welfare.
All Western governments have a birth rate problem, the solution import illiterate backward people to repopulate. Sounds like a plan. Like the welfare state, the only people having children are the drug addicted that shouldn’t.
Bill is lost in the past, out of touch with us peons. He should read some different books.
I just don’t understand it, the system is corrupted, the people controlling it amoral.
It is all falling down, what Bill has been preaching, and if Trump helps it fall… hurrah!
Isn’t that why we are supposed to be bolt holed, and in safety mode.
America deserves to suffer; we supported evil, and evil is coming home to roost.
Gentlemen, Gentlemen - pull your heads out of the weeds. Are you so easily distracted by these useless and nonsensical items. Take Vietnam - how that work-out for America - after all, Kissinger was saving the world from Communism, for surely, if he didn't those ugly commies would be invading California. 100s of 1,000s of America died and are still suffering and dying from that disaster. Look now - Vietnam is a vibrant and growing country. And, during that period, where did good ol' George Bush's son go to save democracy - the National Guard. Served his country proudly - Thank You for your Service George W. Where would the World be without your sacrifies????? It is the same game now wrapped in different distractions. The Deep State wants to get its privileges and grow its wealth by stealing it from us minions. Sadly, the Big Man isn't going to fix it. I have had way too many night carrier landings to get caught up in the trivial. As always, just one Ol' Man's opinion.
Like a clever illusionist, they’ve got us all staring at the shiny distraction in one hand, while the other hand quietly pulls the strings behind the curtain.
Before the 2025 trade war, Canada and the U.S. collected roughly similar tariff dollars from each other—Canada around $13-15 billion annually on $349 billion in U.S. imports (effective rate ~4%, spiked by 200%-298% duties on dairy, poultry, and eggs), and the U.S. about $12-14 billion on $412 billion in Canadian imports (effective rate ~3%, with outliers like 350% on tobacco and 131% on dairy), reflecting average applied rates of 4.1% and 3.4% respectively under USMCA’s mostly duty-free regime.
Canada’s edge came from concentrated grocery protections, while U.S. peaks hit niche sectors like tobacco.
Post-March 2025, the U.S.’s new 25% tariffs on all Canadian goods (10% on energy) could jump its haul to $50-60 billion yearly, dwarfing Canada’s $20-22 billion with its 25% retaliatory tariffs on just $29.8 billion of U.S. goods—highlighting a massive disparity driven by the U.S.’s larger tariffed trade volume, despite Canada’s higher sectoral rates, with wild X claims (e.g., Canada netting $150 billion) far exceeding plausible totals.
So where it was close before, going forward the numbers aren't even in the same ballpark.
A little birdie who’s gone fishing informed me earlier today that Canada also has different tax requirements when one province imports or sell something in another province. That is crazy. Imagine if there were tariffs state to state in the USA.
More proof that they’re a bit wacky up there, eh….
Would never say that Canada does not have their problems. Just do not make it Yours. If I remember some history . Many moved to North America because Europe was Taxing everything that moved. North America , the land Of the free . That was when capitalism worked. Now We have government on both sides telling us how we should live and not complain. I have a plan . Then I remembered that was said a long time age, "there is nothing new under the sun." Have a good day.
Mister Star, I hope all this talk of Canada and Greenland is just talk. I personally don't want them. The larger our constitutional republic gets, the less it will be responsible to the people. Small government works best. States' rights, et cetera.
Its only for a couple of groceries. Mostly dairy. And only if certain quotas are exceeded. Not to say that the US doesn't do the same thing with certain products. Namely tobacco.
How do you ‘devalue’ the dollar? Print money? That’s just ‘inflate’ with a fancy hat—same damn thing.
Deliberately tanking it? Good luck. The dollar’s only trick is being the world’s reserve currency—60% of reserves, 80% of trade. Inflate might nibble at its value slow and sneaky, but choosing devaluation? That’s suicide in a cheap suit. You’re begging bondholders to bolt, and that’s ‘die’ territory, not some third path.
If it’s some genius leader scaring everyone off Treasuries, that’s not devaluation—it’s a neon sign screaming ‘default ahead.’ Die again.
Exports are 12% of GDP—most U.S. stuff gets sold right back to us. Devalue to bump that to 13, 15%? Imports jack up, consumers choke, and it’s not worth the juice.
Two sides, period: Inflate the money supply, keep the grift rolling. Or die with a big, fat default. Pick your poison.
We’ve had plenty of money printing and inflation without devaluing the dollar against other currencies. It’s not the “same damn thing”.
We have also had several functional defaults on the dollar in the last century (like confiscating and revaluing gold against the dollar) without “dying”. Trumps policies - with tariffs being one method among others - are beginning to look like the next massive dollar devaluation to deal with the government debt crisis. Will that happen? Will it work again or will the economy “die”? Stay tuned.
Dr. B. Sorry I wasn't more clear with my rant. Here's a better way of explaining myself. And agreeing with you that there is a 3rd way. Just not the way that you suggested.
We're talking about the US government's ultimate choices. How they deal with (if they can) paying off the debt. Or defaulting on it.
Bill says they only have 2 options:
a) Inflate the money supply and keep the grift going
or
b) Default on the debt and start all over.
The first one is easy to understand. Keep printing money. Nothing really changes other than Act 1 of the circus rolls into Act 2, etc.
Defaulting is easy to understand. But hard for any member of congress or the president to swallow.
Your stand on devaluing the dollar, led me to the realization that devaluing the dollar eventually only leads to inflation. Which brought me back to Bill's post in December of 2022. The Clowns and Jokers post. About how Bill would solve the government debt.
In order to pay off a $36T bill, their best bet according to Bill would be to do the following:
1. Spend less than they make, by taking Bill's advice (including axing 1950 government departments including the FED)
2. Take whatever money they save, (let's say $2T a year) they use it to pay off that debt of $36T.
If interest rates were 4%, it would take about 33 years to pay off.
Now of course, there is another option. Not Bill's suggestion. Just something I dreamt up. Or am repeating, not knowing where the hell I heard it before.
1. Lower interest rates to 0%
2. Deal with inflation for 20 years.
3. Spend less than they make, saving potentially $2T a year. And using that money to pay down the debt in say 20 years.
Bill's methods are more straightforward and would result in a robust economy from the get go. My interest rate suggestion would be like keeping a rabid rotweiler on a diet of celery and sweet potato while I feasted on steak nearby. Something bad is likely to happen at any moment.
Devaluing the dollar ultimately leads to the same inflationary pressures. Inflation is what is the driving factor here, not a devalued dollar.
There are lots of ways of devaluing the dollar. I found 10 different methods, including tariffs, but only 3 controllable ways of the USG doing it.
1. Lowering interest rates - which leads to inflation
2. Quantitative Easing - which leads to inflation
3. Direct Market Intervention - selling the local currency on the foreign exchange market with currency that was created by (guess what?) QE! - which leads to inflation.
Regarding the gold confiscation/revaluation you mentioned - yes, that worked in 1933 when FDR effectively devalued the dollar by 40% against gold. But that was a completely different situation. The US was a global creditor nation, not a $36T debtor. Today, attempting something similar would likely trigger massive selling of US Treasuries by foreign holders, turning a controlled devaluation into an uncontrolled crisis. The world's tolerance for US monetary experiments was much higher when the US wasn't dependent on foreign capital.
So will tariffs work? Possibly. But they are not what is going to save the US. Just going to piss the hell out of the rest of the planet.
Yup. Was great for awhile trading our “strong” paper for their real stuff, but since that fun has run its course, what’s left is massive debt and our stuff is too expensive to sell.
Apples and oranges here perhaps? I imagine you are referring to inflation reducing our dollars purchasing power rather than the value of the dollar relative to other countries currencies per se? Trumps policies seem aimed at the latter.
The old adage, “History repeats itself” is the most reliable indicator.
Russia Russia Russia!
The common denominator in WWI, WWII, Market Crashes e.g. 1928,1998, ect….and now the New Armageddon 2025.
Let’s take our Time Machine back to August 1998. White House meeting between Boris Yelstin and Clinton, the happy go lucky, “fine fellow”. Relax relax pal!
It was all fun and games, joking and laughing, assuring the world that everything was great……bing bang boom, weeks later the Stock Markets crashed and went down the tubes!
Today, projecting a sense of stability and confidence with world leaders from Japan, Russia, (Ukraine is Russia😂) and Japan, the crisis deepens leading to global financial chaos.
The contrast between their jovial behavior and the grim economic reality is very stark.
Can’t wait to see this one unfold. “VINNIE….COFFEE!”
Sorry, @Dan Denning, but why should wages "rise" and "impact balance sheets" when (theoretically) the tax burden gets removed from wage earners below $150,000?
That, taken at its core, simply means *net income* grows, but *gross income*, ie. wages paid by the companies to its employees, stays flat in my book... but maybe I have the wrong book?
It's just that on the opposite side income tax revenue drops off a cliff. Not sure that any tariffs could catch that fall... so there's that.
This idea has legs. There is no reason we can't finance a much smaller government using revenue from monetized US assets, and only taxing businesses, foreign companies, and the investor class. This plan leaves the majority of wage-earners alone. This would definitely juice our consumer society. Maybe replace the IRS with a consumption tax? Anything is better than what we have been doing for the past decades.
According to BPR, if you support tax cuts (or, egads, tax ABOLISHMENT), you are calling for 𝗼𝗻𝗹𝘆 Inflation and Increased Deficits without any Beneficial side effects.
No Logic, Common Sense or Critical Thinking allowed...
Steve, I think he realizes it; WE are the ones just now figuring it out. This used to be called "bait and switch". You know, like the Bush Family is "Republican" (wink, wink)... Best always. PM
You know what they say Paul? If you’re not a democrat in your twenties, you have no heart. If you’re not a republican in your thirties, you have no brain. If you’re not a democrat in your 70s, you’re Not senile/braindead/demented/ mentally unstable or dead and just too stupid to realize it 🤔
That's pretty much my story. I spent a year in Germany 1972-73, and when I got home, I was pretty much over big government. Actually, now at 72 , I am borderline anarchist. Best always. PM
Can any of you true believing trumptards tell me if tanking the stock market is all part of the "stable geniuses" master plan. If so, it would give me some confidence that things are happening as he desires and that he is not the incompetent idiot he appears to be on the surface.
Absolutely, yes. Trump is prepping to rescue Main Street and doesn't care if Wall Street feels some pain. Trump administration has said many times... short term pain for long term gain. Getting out from under the 36 Tril debt is the only thing we're attempting here. Never mind the stock market valuations for now (which are sky high!). If you read this letter, you should mostly be out of stocks by now anyways, you Big Dummy.
As I understand Trump's tariff gambit, it is intended to lure manufacturing jobs from our trading partners to the US.
What I don't understand is how his gambit work when our trading partners raise their tariffs on these products.
This seems to me to be a lose-lose proposition. Prices go up; sales go down; tax revenue diminishes; government debt goes up; jobs disappear.
I'd much rather have less impediments to wealth-creation by our private sector than our president taking steps that will frustrate their worldwide sales.
So far there is no down-side from the "TALKEDABOUT" trade war, you fear-monger!! For all the clean-up you supposedly would like to see all you do is cry at any effort to have a go. You fit very well with the "nanny-state".
The "long term drift" got us here... Looks like you can live with that Bill (as we age accepting change is uncomfortable), most people see the future different, change for the better comes with change, compared to the cost that got us here its a bargain.
1. "𝘽𝙪𝙩 𝘾𝙖𝙣𝙖𝙙𝙖’𝙨 𝙩𝙖𝙧𝙞𝙛𝙛 𝙥𝙧𝙤𝙩𝙚𝙘𝙩𝙞𝙤𝙣𝙨 𝙖𝙧𝙚 𝙜𝙚𝙣𝙚𝙧𝙖𝙡𝙡𝙮 𝙡𝙤𝙬𝙚𝙧 𝙩𝙝𝙖𝙣 𝙩𝙝𝙤𝙨𝙚 𝙤𝙛 𝙩𝙝𝙚 𝙐𝙎."
Demonstrably FALSE with just a few minutes of Research.
2. "“𝙒𝙚 𝙙𝙚𝙚𝙥𝙡𝙮 𝙧𝙚𝙜𝙧𝙚𝙩 𝙩𝙝𝙚𝙨𝙚 𝙢𝙚𝙖𝙨𝙪𝙧𝙚𝙨,” 𝙨𝙖𝙞𝙙 𝙐𝙧𝙨𝙪𝙡𝙖 𝙫𝙤𝙣 𝙙𝙚𝙧 𝙇𝙚𝙮𝙚𝙣. “𝙏𝙖𝙧𝙞𝙛𝙛𝙨 𝙖𝙧𝙚 𝙖 𝙩𝙖𝙭. 𝙏𝙝𝙚𝙮 𝙖𝙧𝙚 𝙗𝙖𝙙 𝙛𝙤𝙧 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨. 𝘼𝙣𝙙 𝙬𝙤𝙧𝙨𝙚 𝙛𝙤𝙧 𝙘𝙤𝙣𝙨𝙪𝙢𝙚𝙧𝙨.”"
Anytime you are on the side of the EU Globalist Corrupt Criminals - you are on the wrong side. For example, the biggest Genocide you haven't heard of (because our "media" are scumbags) has been going on for the past 7 days - but what's 20,000+ murdered Christians and peaceful Muslims here and there, eh? A radical, filthy demon exchanges his Suicide Vest for a Suit & Tie, and the EU/Britain/Canada fall over themselves in their rush to give him money and legitimacy. Shades of the same disasters after our "State Department" + Bushless + Hildabeast + Oblowme decided to remove the stopgaps that were Hussein, Quadaffi and the ugly Ukraine Circus with its dead in Donbas. If the Drunk Toddler had been allowed to steal last November, you can bet your bottom dollar your tax dollars would also be funding these emboldened savages right now:
https://www.thegatewaypundit.com/2025/03/syrian-genocide-eu-plans-donor-conference-terrorists-monday/
From the article:
"𝘈𝘵 𝘵𝘩𝘦 𝘴𝘢𝘮𝘦 𝘵𝘪𝘮𝘦, 𝘚𝘺𝘳𝘪𝘢’𝘴 “𝘧𝘰𝘳𝘦𝘪𝘨𝘯 𝘮𝘪𝘯𝘪𝘴𝘵𝘦𝘳” 𝘈𝘴𝘢𝘢𝘥 𝘢𝘭-𝘚𝘩𝘪𝘣𝘢𝘯𝘪, 𝘪𝘴 𝘴𝘦𝘵 𝘵𝘰 𝘢𝘵𝘵𝘦𝘯𝘥 𝘢𝘯 𝘌𝘜 “𝘥𝘰𝘯𝘰𝘳 𝘴𝘶𝘮𝘮𝘪𝘵” 𝘧𝘰𝘳 𝘩𝘪𝘴 𝘤𝘰𝘶𝘯𝘵𝘳𝘺 𝘪𝘯 𝘉𝘳𝘶𝘴𝘴𝘦𝘭𝘴 𝘰𝘯 𝘔𝘢𝘳𝘤𝘩 17, 𝘢 𝘌𝘶𝘳𝘰𝘱𝘦𝘢𝘯 𝘜𝘯𝘪𝘰𝘯 𝘰𝘧𝘧𝘪𝘤𝘪𝘢𝘭 𝘵𝘰𝘭𝘥 𝘙𝘦𝘶𝘵𝘦𝘳𝘴."
These people (EU "leaders") that Bill adores are some of the most evil to have ever walked the Earth, yet Bonner has zero issues using them to feebly attack Donald Trump - again...
Really, People? The U.S. wears the "white hat" and is always true, blue, and for the little men/women/whatever worldwide. Over 800 MILITARY bases worldwide. Naval warships floating everywhere. Of course, PROTECTING DEMOCRACY! Ya think!. Geez, please wake-up and smell the coffee! The U.S. has invaded more countries, toppled more governments, and probably stolen more gold (and then had that stolen by the Deep State) than the Spanish/British/etc ever did when the word "posh" was invented. The U.S. routinely drops agreements whenever they feel it suits their interests. Why would anyone EVER trust the word of a U.S. President or an agreement made by the U.S. - written or NOT. Trump demands a 30-day ceasefire - why, because he wants it or ELSE. Really? Russia and China aren't trying to "invade" the U.S. or Europe - frankly, their hope is to keep the West at bay. The real "evil" resides right here - not over yonder. The Primary Trend for the U.S. isn't just down - it is falling off a cliff.
This is why we're dismantling the perpetual war machine that has let us to the brink of bankruptcy. We are a corrupt and dying empire at the end of its currency lifespan.
Good post, agree with some of it Ol' Man. Sadly, I realize the US is not always the "good guy", but usually we are Orders of Magnitude better than any Other Guy.
Do you hereby absolve the EU "leadership"?
A bit off-topic and not sure why you used it as a Reply to what I wrote, but all good...
The EU leadership. Is there leadership in the EU? Those clowns including Stamer. Primarily - as you do - watching what they do, not what they say solves the puzzle. But, listening to what they "say" startles this ol' man....can they really want us peons to take them seriously. The politicians in the West today.....Ugh!
Easier to tag along with the person who is getting the most likes. So more people can see your post. At least for me. LoL.
Ha!
I'm flattered and blushing.
LMBO....
Ol’ Man, as SE said, you make some points that are spot-on. I, too, agree that the U.S. has stuck its nose in too many places, all in the name of “national defense.” But it’s profitable for the Military-Industrial Complex, you see.
Thanks for the extra special lauding of EU commission Head von der Leyen. Who is second only to Angela Merkel in destroying Germany and the social fabric in EU member states.
"Urs'la, Urs'la, Urs'la ROT! Urs'la von der Leyen!" (Roeslein, Roeslein, Roeslein, rot! Roeslein auf der Heide...) mit bestem Gruss. PM
I like it even though I don’t understand it.
It's a little play on words: an old German folk song about a budding rose on the meadow, only I emphasized RED, implying Ursula is a communist. (It's a German thing) Goethe wrote the poem in 1789. Every German schoolboy and schoolgirl would know it, at least if they were our age! Best always. PM
You learn the dandiest things on this stack...
Hey, Cuz, you know how it goes: it takes a VILLAGE, right? LMAO
Best always. PM
Didn't quite get it but it sounds like an echo from a toilet.
It's a little play on Goethe's poem (1789), "Little Rose on the Meadow". It's quite famous in Germany. I used it to make fun of what I see as Ursula von der Leyen's socialist RED tendencies. Best always. PM
Any supporter of Ursula von der Leyen is no friend of America or its values.
I dont believe Bill adores them but its all really tit for tat. I cant stand that C.... queen Ursula another one needing to be removed either voluntarily or through various contributions.
Meh - I’ve got two really bad habits. I generally don’t think the best of someone until I get to know them (aka Experience), and I’m not a big believer in Second Chances (aka Experience.)
But you’re completely right- “adore” might have been a bit strong in this instance…
What's wrong with U ,Stary ?????? Bill said nothing about being on the side of the EU!!!!!
https://www.lewrockwell.com/2025/03/david-stockman/902380-2/
Yeah, EU candidate etc.Also, and tariffs are bad. If they're very bad then why do they have them highest, the EU et al ?
Threaten our electricity....? Those autoplants are literally right across the border from Detroit. The same aor higher labor cost than the American U.A.W, they are UAW and owned by american companies. Where is the efficiency in that? There isn't any, it's another part of the "grift" that Bill speaks of.
The power plants? If they didn't have the subsidization from american rate payers those plants would never have been built. More Grift.
About the border. Our Southern states are flooded with Is snowbirds. You can't go to canada and live for three months at a time. I used to work in Canada and I could only be there for 2 weeks at a time.I have to have my apartment across the border. Every time I was in Canada, Women would be attracted to americans because they wanted to get the helll out of there. Not everywher is Toronto "I can't imagine how nice it would be to live there
there so many opportunities and the weather. OMG." It was really bad. The local guys would get "upset."
The media stuff is all b s. The exception, perhaps, is Ontario. The others would love to be part of the United States and travel freely.
Re fentanyl from Canada. Just revealed that there are 4000 + labs, allegedly run by Chinese nationals producing fentanyl. All for local use? I doubt it.
What is continuously ignored, and I will repeat as often as necessary, is the fact of China shipping unfinished goods to Mexico, to be assembled and labeled "made in Mexico" to avoid tariffs. Canada comes in for it for accepting cheap Chicom steel and aluminum to be relabeled "made in Canada." Sorry, my sympathy well is dry.
That is literally the way all countries subvert tariffs.
Welcome to real world. USA included.
When there is a willing buyer, a market is sure to follow.
Trumps psychosis has always included taking giggling joy from the choreographed attacks with the expected responses to his bad boy bullying with badgering and baiting. He has always wasted container ship loads of potential good will with needless insults such as “the 51st state” to Canada, not funny. A real diplomat could have imposed 25% tariffs with dignity stating there is a (chinese/Mexican) drug problem we need to solve. My family and friends in Alberta, across the border from my family and friends in Montana who voted for Trump, would loosen or remove Trumps dental work after his school boy condescending not funny to Canadians comments. I’ve personally been a big supporter of Trump, yet he runs his mouth and tactics wastefully too far in many occasions. Lets see how our Canadian friends respond in the long term.
The talk of Canada being a fifty first state would be incorrect.....Each province should be their own state. Have them vote that way.I'll bet you'd be surprised. Can you imagine living hundreds of miles north of International Falls MN, the coldest place in the United States? Increased opportunity, lower taxes, short pants and warm gentles, are things most Americans take for granted.
Yeah if only that were the real world.
I can just imagine North Dakota voting to be part of Canada. With its 150 nukes, that would go over well.
Think of the warm, welcoming arms that would love to bring you into the fold!
The USA did this tariff thing in 1985 to get the Plaza Accords signed to revalue the dollar. I cant believe Bill, who thinks he is a genius, didn't know that.
Thanks for the history lesson Bob!
Let's take a peek at what transpired in 1985. The US threatened the big boys at that time (Japan, Germany, UK and France) with tarrifs. If they didn't agree to devalue the US dollar.
Why did the US want to devalue their dollar?
The US dollar was strong vs the others. Hurting US exports. Widening the trade deficits between the US and each of the countries.
Noticing a similar vibe here?
Volcker's interest rates hikes earlier in the decade, Reagan's fiscal policy (or lack thereof) caused more Treasury Bond issues, increasing interest rates further, attracting more foreign investment. Who saw the US Treasury Bond as a very safe investment. Giving the US a strong dollar as a result.
But instead of working with the world, Reagan and Treasury Secretary of James Baker (who's name pops up at the most inappropriate times in the history of the US) proposed that those 4 nations devalue the US dollar vs their own currency. So as to boost US exports. Increase jobs, for Americans. Make America Great Again. Or face tariffs.
You know. Like our friend Donald and Howard Lutnick(where were you again Howard on 9/11?) who believes that tarrifs are the answer.
The rise in US exports was very short lived. Less than 1 term of office. Instead it was punctuated by the following "unintended" consequences:
1. 𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 𝘄𝗮𝘀 𝗵𝗼𝗹𝗹𝗼𝘄𝗲𝗱 𝗼𝘂𝘁. As the US dollar weakened, many US countries found they could make even more money by moving production overseas. You know. To China. The biggest of the "unintended" consequences.
2. 𝗦𝘁𝗼𝗰𝗸 𝗠𝗮𝗿𝗸𝗲𝘁 𝗰𝗿𝗮𝘀𝗵 - the rapid realignment contributed to the 1987 US stock market crash. With a similar one in 1989 for Japan.
3. 𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 - US became more reliant on other countries investing in their Treasury Bonds to finance the budget and trade deficits.
4. 𝗦𝗲𝘁 𝗲𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗳𝘂𝘁𝘂𝗿𝗲. That doing that again was okay. Not.
5. 𝗦𝘁𝗿𝗮𝗶𝗻𝗲𝗱 𝗿𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀 𝘄𝗶𝘁𝗵 𝗮𝗹𝗹𝗶𝗲𝘀. Especially Japan who bore the brunt of that agreement.
So you would want the world to head in that same sort of direction? (Make America Great) Again? With not even a meeting of the minds this time, but instead unilaterally imposed tariffs?
Careful Lucas. Using “Lutnick” and”9/11” in the same sentence might get a 5a.m. “Knock” on your door…
You're right. I misspelled his name. Lunatick. All should be good now.
He does know. It's simply more fun for him to trash Trump and watch his supporter squirm. I wonder what crazy plan President Bonner would attempt to implement in order to save our nation from debt implosion? Does he have any ideas or is he just attacking the 'man in the arena,' from the sidelines?
He d probably shut down the "Federal Reserve" hahaha then retire. You know, ? Counterfeit operations establishment.
It's almost like Bill is willfully ignorant of the role tariffs play in their plan for a dollar/debt reset. He's a partisan analyst which is weird to me because most finance guys I read go out of their way to be politically neutral. Not Bill. His TDS shines through every single communication. Comparing KJP to Secretary Leavitt is a sad joke.
Here's a link to the published plan that I'm certain Bill already knows about but refuses to write about when trashing Trump as if the tariffs were just random stupidity by a madman and his crew of self-interested billionaires. Read the plan published by Professor Steven Miran. His research is guiding their choices. Currency reset is coming as done in '85 by Reagan. Life comes at you pretty fast. Try to keep up, Bill. And for God's sake find a way to flush your TDS. He's just a dude trying to be the best President the people ever had.
https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf
Hi Sam,
Unfortunately, there's a plan. And then there's Trump with that same plan.
Stephen Miran in his plan that you cited, wanted to fix the global trading system by 𝙨𝙡𝙤𝙬𝙡𝙮 (𝙠𝙚𝙮 𝙬𝙤𝙧𝙙 𝙞𝙣 𝙝𝙞𝙨 𝙖𝙧𝙩𝙞𝙘𝙡𝙚) 𝙧𝙖𝙞𝙨𝙞𝙣𝙜 𝙩𝙖𝙧𝙞𝙛𝙛𝙨, a little at a time. 𝙒𝙤𝙧𝙠𝙞𝙣𝙜 (𝙖𝙣𝙤𝙩𝙝𝙚𝙧 𝙠𝙚𝙮 𝙬𝙤𝙧𝙙) 𝙬𝙞𝙩𝙝 𝙤𝙩𝙝𝙚𝙧 𝙘𝙤𝙪𝙣𝙩𝙧𝙞𝙚𝙨 𝙖𝙣𝙙 𝙩𝙝𝙚 𝙁𝙀𝘿 (Miran didn't plan to axe this branch of government) to keep prices stable. At least for Americans. Making small changes to the dollar's value (𝙢𝙖𝙠𝙚 𝙩𝙝𝙚 𝙐𝙎𝘿 𝙬𝙚𝙖𝙠𝙚𝙧) so US factories could sell more (exports) abroad without causing big problems. 𝙃𝙚 𝙬𝙖𝙣𝙩𝙚𝙙 𝙩𝙤 𝙖𝙫𝙤𝙞𝙙 𝙘𝙝𝙖𝙤𝙨, by taking it step-by-step and teaming up with allies.
BTW, Miran's plan for some extra cash, is a bit of a subset of what Dan Denning proposed that Trump's overall plan was going to be - strengthen the USD, then devalue the USD by lowering interest rates and axing multiple government departments, get manufacturing going on the devalued USD, then payoff the debt with devalued dollars.
https://www.bonnerprivateresearch.com/p/degenerates-delinquents-soaring-demand
Trump instead, is slamming huge tariffs on Canada, Mexico and China, superfast, by himself without any teamwork or slow buildup. This will raise the price of items (Consumer Price Index), will freak out the stock market, start trade wars, and cause deep rifts in relationships with other countries.
All because he is rushing into Miran's plan, rather than being slow and careful.
And to boot, Miran NEVER mentions in that article that he is going to replace taxes with tariffs, as Lunatick is suggesting. It was only a way of getting more income for the government without directly taxing the people. And that's only IF the trading partner's currency devalues (like the Chinese Renminbi did in 2018-19 tariff war). Otherwise, if the trading partner's currency stays strong, then the tariff will hit the American consumer right between the eyes as a price increase by US manufacturers.
But even THAT wasn't Miran's plan, as he wanted to devalue the USD, not strengthen it.
So really, this paper, while it may have merit on the surface, has been largely ignored. If Trump was informed of its existence, or given a summary, he only heard one word.
Tariffs.
And a chance to be on the world stage as he handed them out.
They have an ambitious plan, and they are going to implement it come Hell or high water. Will there be chaos and change? Absolutely. Will it be beneficial in the long run? Beneficial for whom? That's the question.
I, for one, find the current regime of money printing partnered with endless fraud, wars, and grift intolerable. Ready to try just about anything else. Heck, bring back the gold standard. Or Bitcoin standard. Just stop printing dollars and foisting them on the globe.
I agree. Which means Plan B. Die. Hard reset.
And remember, the "plan" according to Miran is only for "extra" cash. Not to replace all the taxes currently being taken from American citizens and corps.
Trump's plan "D, E or F" ain't gonna change it. It will just prolong it. The empire. And the pain it has brought and will continue to bring.
So the only way to continue the show, is as Bill has endlessly flogged.
There really are only 2 options. Plan A or Plan B.
A. Inflate.
B. Die.
Ack. I guess there is a 3rd option.
A. Inflate (the money supply) to keep the grift going
B. Die
C. Stop spending more than they make. Use the money saved to pay down the debt!
LoL. Just realized that I argued myself into a corner. Thanks Sam!
Perhaps "D", "E", and "F" ARE the compromise. Trump gets the stage and the money changers continue the grift...
Sam as Soon as I saw the title , I stopped reading . Not that I am any more intelligent than the next guy, but that just tells Me that their is a more sinister event going on . Do not know what it is , but I do not want to be any part of it. Just Me as I do not like change, except for My under wear.
Don, unfortunately, change is coming whether we want it, like it, or try to stick our head in the sand and ignore it. George Carlin said it best - "It's a Big Club and you ain't in it." The World - absent a flash - is splitting into Regions. Most likely - at least three (3) if not four (4). The West elites absolutely hate it - they want to rule the World. Fortunately, that ain't goin' happen and the American Empire fades away. In essences, our new Big Man has no clothes.
Yep ,I have to agree with You. But I ain't gonna like it. Not that that matters in the scheme of life. Just another drop in the ocean of life, that I am.
Can't agree with you more. I don't like it at all. Just ugly. Sort of like a word play on good ol' Forrest Gump - Reality is what Reality does. None of us minions want it to be this ugly. But wanting doesn't do anything. Ugh!
The Foundation of the New Disaster will prolly be digital currency. Pro Tip: Resist as often as possible in as many ways as possible…
That is what I think should be done also. Resist, Digital is what I see next, but Donald has other ideas. Will wait and see about the "other" idea.
Doesn’t he want us to be the crypto Capitol of the world? That’s digital
Except Donald's monetization of debt plan.
Excellent post and info, Sam. Thank you...
Bill is good for my mental health, he stimulates my system with adrenaline, gets the neurons firing.
The world system is corrupt.
Free trade is the foundation of corporate rule. Corporatism is Fascism. It’s a giant monopoly. They have taken over everything. There is no competition. They own agriculture, steak
Is $18.00 a pound, food is priced at anything they want. They own your doctor, dentist, therapist, hospital; they own the insurance industry, and they own the drug distribution system, the pharmaceuticals. They own the government. They own everything. Black Rock and its ilk control the world.
Bill takes their spokesperson seriously.
NAFT is an abomination. Mexico is controlled by cartels and Canadians elect communist dictators. Why do we get steel or cars or electricity from Canada when they closed down car factories in Michigan, and the government of US makes it impossible to build power plants? Obviously, most of the manufacturing in Mexico is automated and all the world using it to produce products sold, tariff free, in the US. Why were we stupid enough to propose NAFTA, who paid who.
The reason we have big budgets is because the MICC, warfare state, spends half, and the other half is stolen. Only half the workforce works, no jobs, bounteous welfare.
All Western governments have a birth rate problem, the solution import illiterate backward people to repopulate. Sounds like a plan. Like the welfare state, the only people having children are the drug addicted that shouldn’t.
Bill is lost in the past, out of touch with us peons. He should read some different books.
I just don’t understand it, the system is corrupted, the people controlling it amoral.
It is all falling down, what Bill has been preaching, and if Trump helps it fall… hurrah!
Isn’t that why we are supposed to be bolt holed, and in safety mode.
America deserves to suffer; we supported evil, and evil is coming home to roost.
Flat out stunned by the gap between Mr Bonner's perceptions and the facts....
".’ But Canada’s tariff protections are generally lower than those of the US."
How about tariffs on groceries, levied by Canada on US imports?
200 to 291 % ?!?
Gentlemen, Gentlemen - pull your heads out of the weeds. Are you so easily distracted by these useless and nonsensical items. Take Vietnam - how that work-out for America - after all, Kissinger was saving the world from Communism, for surely, if he didn't those ugly commies would be invading California. 100s of 1,000s of America died and are still suffering and dying from that disaster. Look now - Vietnam is a vibrant and growing country. And, during that period, where did good ol' George Bush's son go to save democracy - the National Guard. Served his country proudly - Thank You for your Service George W. Where would the World be without your sacrifies????? It is the same game now wrapped in different distractions. The Deep State wants to get its privileges and grow its wealth by stealing it from us minions. Sadly, the Big Man isn't going to fix it. I have had way too many night carrier landings to get caught up in the trivial. As always, just one Ol' Man's opinion.
Like a clever illusionist, they’ve got us all staring at the shiny distraction in one hand, while the other hand quietly pulls the strings behind the curtain.
Kinda like BB here, with his blinking, waving flag in one hand and the other behind his back holding the Truths...
GROK:
Before the 2025 trade war, Canada and the U.S. collected roughly similar tariff dollars from each other—Canada around $13-15 billion annually on $349 billion in U.S. imports (effective rate ~4%, spiked by 200%-298% duties on dairy, poultry, and eggs), and the U.S. about $12-14 billion on $412 billion in Canadian imports (effective rate ~3%, with outliers like 350% on tobacco and 131% on dairy), reflecting average applied rates of 4.1% and 3.4% respectively under USMCA’s mostly duty-free regime.
Canada’s edge came from concentrated grocery protections, while U.S. peaks hit niche sectors like tobacco.
Post-March 2025, the U.S.’s new 25% tariffs on all Canadian goods (10% on energy) could jump its haul to $50-60 billion yearly, dwarfing Canada’s $20-22 billion with its 25% retaliatory tariffs on just $29.8 billion of U.S. goods—highlighting a massive disparity driven by the U.S.’s larger tariffed trade volume, despite Canada’s higher sectoral rates, with wild X claims (e.g., Canada netting $150 billion) far exceeding plausible totals.
So where it was close before, going forward the numbers aren't even in the same ballpark.
Yup - and just one example among easily-discoverable DOZENS....
Canada was really screwing their own people on the price of food. What were they thinking?
A little birdie who’s gone fishing informed me earlier today that Canada also has different tax requirements when one province imports or sell something in another province. That is crazy. Imagine if there were tariffs state to state in the USA.
More proof that they’re a bit wacky up there, eh….
Would never say that Canada does not have their problems. Just do not make it Yours. If I remember some history . Many moved to North America because Europe was Taxing everything that moved. North America , the land Of the free . That was when capitalism worked. Now We have government on both sides telling us how we should live and not complain. I have a plan . Then I remembered that was said a long time age, "there is nothing new under the sun." Have a good day.
Yeah, that definitely needs to change. We have to make that a priority, as soon as the new government comes into power.
Grok confirms this as a problem.
"It’s often easier to export that Nova Scotia lobster to the U.S. than sell it in Calgary."
Christ. We have some work to do.
Meh - or just make them the 51st-55th States and be done with it...
;)
Mister Star, I hope all this talk of Canada and Greenland is just talk. I personally don't want them. The larger our constitutional republic gets, the less it will be responsible to the people. Small government works best. States' rights, et cetera.
Yup. And I have heard the Canucks lean generally left as a populations, so...
Its only for a couple of groceries. Mostly dairy. And only if certain quotas are exceeded. Not to say that the US doesn't do the same thing with certain products. Namely tobacco.
Should not the “inflate or die” scenario also include a third option: devalue the dollar? That’s where these policies seem to be heading.
How do you ‘devalue’ the dollar? Print money? That’s just ‘inflate’ with a fancy hat—same damn thing.
Deliberately tanking it? Good luck. The dollar’s only trick is being the world’s reserve currency—60% of reserves, 80% of trade. Inflate might nibble at its value slow and sneaky, but choosing devaluation? That’s suicide in a cheap suit. You’re begging bondholders to bolt, and that’s ‘die’ territory, not some third path.
If it’s some genius leader scaring everyone off Treasuries, that’s not devaluation—it’s a neon sign screaming ‘default ahead.’ Die again.
Exports are 12% of GDP—most U.S. stuff gets sold right back to us. Devalue to bump that to 13, 15%? Imports jack up, consumers choke, and it’s not worth the juice.
Two sides, period: Inflate the money supply, keep the grift rolling. Or die with a big, fat default. Pick your poison.
We’ve had plenty of money printing and inflation without devaluing the dollar against other currencies. It’s not the “same damn thing”.
We have also had several functional defaults on the dollar in the last century (like confiscating and revaluing gold against the dollar) without “dying”. Trumps policies - with tariffs being one method among others - are beginning to look like the next massive dollar devaluation to deal with the government debt crisis. Will that happen? Will it work again or will the economy “die”? Stay tuned.
Dr. B. Sorry I wasn't more clear with my rant. Here's a better way of explaining myself. And agreeing with you that there is a 3rd way. Just not the way that you suggested.
We're talking about the US government's ultimate choices. How they deal with (if they can) paying off the debt. Or defaulting on it.
Bill says they only have 2 options:
a) Inflate the money supply and keep the grift going
or
b) Default on the debt and start all over.
The first one is easy to understand. Keep printing money. Nothing really changes other than Act 1 of the circus rolls into Act 2, etc.
Defaulting is easy to understand. But hard for any member of congress or the president to swallow.
Your stand on devaluing the dollar, led me to the realization that devaluing the dollar eventually only leads to inflation. Which brought me back to Bill's post in December of 2022. The Clowns and Jokers post. About how Bill would solve the government debt.
https://www.bonnerprivateresearch.com/p/clowns-and-jokers?utm_source=publication-search
In order to pay off a $36T bill, their best bet according to Bill would be to do the following:
1. Spend less than they make, by taking Bill's advice (including axing 1950 government departments including the FED)
2. Take whatever money they save, (let's say $2T a year) they use it to pay off that debt of $36T.
If interest rates were 4%, it would take about 33 years to pay off.
Now of course, there is another option. Not Bill's suggestion. Just something I dreamt up. Or am repeating, not knowing where the hell I heard it before.
1. Lower interest rates to 0%
2. Deal with inflation for 20 years.
3. Spend less than they make, saving potentially $2T a year. And using that money to pay down the debt in say 20 years.
Bill's methods are more straightforward and would result in a robust economy from the get go. My interest rate suggestion would be like keeping a rabid rotweiler on a diet of celery and sweet potato while I feasted on steak nearby. Something bad is likely to happen at any moment.
Devaluing the dollar ultimately leads to the same inflationary pressures. Inflation is what is the driving factor here, not a devalued dollar.
There are lots of ways of devaluing the dollar. I found 10 different methods, including tariffs, but only 3 controllable ways of the USG doing it.
1. Lowering interest rates - which leads to inflation
2. Quantitative Easing - which leads to inflation
3. Direct Market Intervention - selling the local currency on the foreign exchange market with currency that was created by (guess what?) QE! - which leads to inflation.
Regarding the gold confiscation/revaluation you mentioned - yes, that worked in 1933 when FDR effectively devalued the dollar by 40% against gold. But that was a completely different situation. The US was a global creditor nation, not a $36T debtor. Today, attempting something similar would likely trigger massive selling of US Treasuries by foreign holders, turning a controlled devaluation into an uncontrolled crisis. The world's tolerance for US monetary experiments was much higher when the US wasn't dependent on foreign capital.
So will tariffs work? Possibly. But they are not what is going to save the US. Just going to piss the hell out of the rest of the planet.
Spending less than they make, will.
And in the end. There is a 3rd option.
a. Inflate the money supply
b. Default
c. Pay off the debt
Dr, B, that is one of the burdens of being the currency of trade in the world of trade.A high dollar value.
Yup. Was great for awhile trading our “strong” paper for their real stuff, but since that fun has run its course, what’s left is massive debt and our stuff is too expensive to sell.
Dr. B: Yipes, how much more can we devalue the dollar??? it’s barely hanging in there now?
Hi Dorothy,
Apples and oranges here perhaps? I imagine you are referring to inflation reducing our dollars purchasing power rather than the value of the dollar relative to other countries currencies per se? Trumps policies seem aimed at the latter.
Dr. B: Yes, our purchasing power…thanks.
Hahaha!😂🤣
There is no honesty in an inflated economy!
The old adage, “History repeats itself” is the most reliable indicator.
Russia Russia Russia!
The common denominator in WWI, WWII, Market Crashes e.g. 1928,1998, ect….and now the New Armageddon 2025.
Let’s take our Time Machine back to August 1998. White House meeting between Boris Yelstin and Clinton, the happy go lucky, “fine fellow”. Relax relax pal!
It was all fun and games, joking and laughing, assuring the world that everything was great……bing bang boom, weeks later the Stock Markets crashed and went down the tubes!
Today, projecting a sense of stability and confidence with world leaders from Japan, Russia, (Ukraine is Russia😂) and Japan, the crisis deepens leading to global financial chaos.
The contrast between their jovial behavior and the grim economic reality is very stark.
Can’t wait to see this one unfold. “VINNIE….COFFEE!”
🤩😃😂
Make it an Espresso. The Show won’t take long once it gets rolling…
Make sure you sip with sophistication, in a very tiny cup, pinky up of course!
NICE!
😂
Sorry, @Dan Denning, but why should wages "rise" and "impact balance sheets" when (theoretically) the tax burden gets removed from wage earners below $150,000?
That, taken at its core, simply means *net income* grows, but *gross income*, ie. wages paid by the companies to its employees, stays flat in my book... but maybe I have the wrong book?
It's just that on the opposite side income tax revenue drops off a cliff. Not sure that any tariffs could catch that fall... so there's that.
This idea has legs. There is no reason we can't finance a much smaller government using revenue from monetized US assets, and only taxing businesses, foreign companies, and the investor class. This plan leaves the majority of wage-earners alone. This would definitely juice our consumer society. Maybe replace the IRS with a consumption tax? Anything is better than what we have been doing for the past decades.
According to BPR, if you support tax cuts (or, egads, tax ABOLISHMENT), you are calling for 𝗼𝗻𝗹𝘆 Inflation and Increased Deficits without any Beneficial side effects.
No Logic, Common Sense or Critical Thinking allowed...
🤫 Bill doesn’t realize he’s become a democrat 🤪
Steve, I think he realizes it; WE are the ones just now figuring it out. This used to be called "bait and switch". You know, like the Bush Family is "Republican" (wink, wink)... Best always. PM
You know what they say Paul? If you’re not a democrat in your twenties, you have no heart. If you’re not a republican in your thirties, you have no brain. If you’re not a democrat in your 70s, you’re Not senile/braindead/demented/ mentally unstable or dead and just too stupid to realize it 🤔
That's pretty much my story. I spent a year in Germany 1972-73, and when I got home, I was pretty much over big government. Actually, now at 72 , I am borderline anarchist. Best always. PM
I think if you disagree with anything Ursula von der Leyen says, you're on the right track.
Can any of you true believing trumptards tell me if tanking the stock market is all part of the "stable geniuses" master plan. If so, it would give me some confidence that things are happening as he desires and that he is not the incompetent idiot he appears to be on the surface.
Absolutely, yes. Trump is prepping to rescue Main Street and doesn't care if Wall Street feels some pain. Trump administration has said many times... short term pain for long term gain. Getting out from under the 36 Tril debt is the only thing we're attempting here. Never mind the stock market valuations for now (which are sky high!). If you read this letter, you should mostly be out of stocks by now anyways, you Big Dummy.
Right on Sam!
🤣
Show us on the doll where the bad orange man touched you….
SE: Probably all over.
https://www.tabletmag.com/sections/news/articles/tariffs-good-trump-china
Thanks Brien, interesting read...
As I understand Trump's tariff gambit, it is intended to lure manufacturing jobs from our trading partners to the US.
What I don't understand is how his gambit work when our trading partners raise their tariffs on these products.
This seems to me to be a lose-lose proposition. Prices go up; sales go down; tax revenue diminishes; government debt goes up; jobs disappear.
I'd much rather have less impediments to wealth-creation by our private sector than our president taking steps that will frustrate their worldwide sales.
Potentially, Anticipated, Allegedly and Maybe - time will tell - but the first half of your last sentence is spot-on.
Well done...
So far there is no down-side from the "TALKEDABOUT" trade war, you fear-monger!! For all the clean-up you supposedly would like to see all you do is cry at any effort to have a go. You fit very well with the "nanny-state".
RALPH W.
The "long term drift" got us here... Looks like you can live with that Bill (as we age accepting change is uncomfortable), most people see the future different, change for the better comes with change, compared to the cost that got us here its a bargain.