The feds hold no bake sales. They sell no cookies, door to door, nor engage in charitable fundraising. They produce few goods and offer few services that people would willingly pay for.
Tariffs are a tax, which is bad, but they are also a bit of a head fake. How so? The people whom the tariffs are nominally protecting, meaning US industries nominally, and US consumers actually, are the ones who PAY the tariff. China, Mehico, and Canada are not ponying up at the customs house to get into the country. We, who would buy demanding the foreign goods, are paying the upcharge for the privilege of having access to the products we demand. The government portrays this situation as "levelling the playing field" and/or "protecting" US firms from "unfair" competition.
There is a difference with tariffs: they can come and go as desired. Other taxes are not so flexible; they are established by law (and its cumbersome process), not decree. Therefore, the tariffs can be a useful tool either to make a point or to buy some time for a specific purpose. In this case, the specific purpose is to show the "unfair" competitor that the market he takes for granted can go away at anytime. The US economy and enormous consumer market are still the straw that stirs the world economic drink. Can exporters afford a sudden 25% reduction in exposure to that market? We'll find out. The tariffs can go as quickly as they come. They can increase or decrease as needed. Not so with income taxes, property taxes, intangible taxes, use taxes, excise taxes, sales taxes, corporate (production) taxes, and all the other loving assessments with which our government saddles us. They're structural and nearly impossible to undo, as all of us learn very well, very quickly.
I hate taxes. They are the physical manifestation of government. Still, in this case, in this political game of chicken, I'm interested to see where it leads. This time, I might actually benefit from my "contribution". Best always. PM
"Can exporters afford a sudden 25% reduction in exposure to that market?"
Excellent, Paul. THIS is the very real flip side of Tariffs and what actually gives them true Power for the one instituting them. It's also the part that Bonner refuses to even slightly acknowledge...
Well, there are basic facts, and then there is ax-grinding. It's decent of the man that he gives the other side equal time via the comments forum, is it not? Best always. PM
Watching the state of the union address last night clearly demonstrates the political divide is unbridgeable. When there are no common values there can be no agreements. America is experiencing a philosophical civil war.
I hope that once all this misdirected money, from USAID and God knows where else, is halted, that these idiotic and destructive woke policies will wither and die.
And without 𝗙𝗿𝗮𝘂𝗱 the libtarded communist fascist dimocrats would never win another election. Last night clearly illustrated how out of touch and out of step these losers are with Real America.
At most, their true believers actually make up 20% of the population, and that's being generous. The scam is that they "own" most of the microphones so they appear MUCH larger than they really are. Talk about an Emperor without clothes...
Yes Steve, it’s not so much a philosophical war due to the zero logic and lack of common sense on the left, but a very uncivil war due to the extreme mental illness in control of the Democratic Party. The democrats are officially the party of mental illness and will continue to be so until we reopen the mental institutions that should have never been shut down. Also need to address the causes of these mental disorders and stop putting these people in positions of authority due to DEI nonsense.
Then Governor Reagan signed the Lanterman-Petris-Short Act in 1967, all but ending the practice of institutionalizing patients against their will. When deinstitutionalization began 50 years ago, California mistakenly relied on community treatment facilities, which were never built. As many bad policies start in California and make their way across America.
O so its okay that other countries like India charge tarrifs as high as 75% on motorcycles and other products and Canada and Mexico continue to rip off America. I spent 30 years in the machine tool business and witnessed first hand the stupidity and greed of decisions made to move manufacturing offshore. There was a time where we made everything under the sun in house and its time we returned this to America. Trumps methods are the first step in its revival. Give it a chance.
Amen brother! And if they think reciprocal tariffs are so horrible, then we’ll eliminate ours if you eliminate yours! Then we’re back to REAL free trade. Bill is just a lefty who has TDS. I’m sorry that it put him in the hospital but it is very unhealthy for those who catch it!
Bob O'Brien. The figures I come up with , that is Canada and the USA is Oil at 170 Billion to the USA. Take the oil trade out of the equation and USA enjoys a trade surplus of 45 Billion dollars US. From where I stand , I do not see Canada ripping off the USA.
Weirdly, deficit spending counts towards GDP. So if Musk is successful in reducing the deficit, which I think Bill would like, GDP goes down, for which Bill will blame Trump. This is akin to saying that if we stop the patient's bleeding, we won't need as many units of blood to keep him going, and that's bad for the economy.
Secondly, there is a big dot here that Bill doesn't seem to want connect. What if, just maybe, tariff's are initially a tax to help close the budget gap, but also to incentivize reshoring, and also as a first step in a transition from income and wealth taxes to consumption taxes?
Trump is not a typical negotiator. Most people say "I want this" and the other party says "I'll agree to that if you will do this for me". Trump hits you between the eyes with a 2x4, and the other party says "What is it you want?? Whatever it is, I'll do it!!!"
So let the games begin! America has been corrupted by this demented globalist regime for way too long now and needs to burn down so we can rebuild stronger than ever 💪. Sure, there will be pain, but nothing compared to the pain and insanity the demented left has inflicted upon us. Watching the pathetic globalists leftists last night was a perfect example of what happens when we allow the mentally disturbed to run our country. Trump made the perfect speech last night and hope he can carry out half of his agenda before the war for America starts. In the meantime, enjoy the leftist freak show and meltdowns and continue to buy lots of precious metals and ammo. And Don’t forget to buy the dip In Crypto 🙏🇺🇸🇺🇸🇺🇸
Hopefully, won't hold up in court. Less pardons than you think for congress critters on the grift. Looking at you, Ratskin. Preemptive pardons are bullcrap!
The fact that the pardons were autosigned may be a loophole. The fact that Biden didn’t know much of what was going on may make the auto sign void unless he knew what was being signed.
If the communist’s on the unSupreme Court uphold the illegal preemptive pardons with no crimes attached, then the states should step up and charge. Ala the criminal persecution of President Trump by rogue state prosecutors and attorneys general.
I'm glad you at least mentioned that other countries cruelly use tariffs to also tax their citizens. It's not unique to Trump's selfish nature. Many of Trump's tariffs are reciprocal, leveling the trading space with some countries. Other tariffs are intended to change behavior on boarder security. But what Bill fails to mention (because of TDS) is the TRILLIONS in commitments to build factories and produce American jobs that have ben exported over the decades under the Globalists. Actual, good-paying manufacturing jobs that certainly will not be held by the investment class but by working-class Americans invigorating the base. If you're going to rip someone's actions at least do a fair job of covering the expected outcomes. 1.7 Trillion in commitments so far after only 6 weeks! Some of it is because of tariffs (hello Honda and Apple). Some of it because we're reducing regulation and opening our country back up to manufacturing. Press pause on the doom, Bill, and get some help for your very obvious TDS.
The over-riding issue is the DEBT! And, to fix it, it would be horrifically painful - and here is your cliffnote - unsurprisingly, that is why it won't be fixed. Simple deduction of a rational person. All of these other issues are distractions, distractions, distractions. Wondering if tariffs are good or bad, whether there is gold in Fort Knox, whether Musk should be deported, whether the Gulf should be renamed, or even if Representative Green is an idiot (well, that seems to be beyond question) are just distractions. The US$ and the fiat currencies worldwide are going to blow up and with it the credit/derivatives bubble. All the other comments - reshoring, close the gap, cut government waste.......just continuing nonsense. I like Trump and his minions.......they are good entertainment, actually better than anything recently released by the nuts in Hollyland, because it is great theatre. Sort of like watching Reacher or reruns of All In The Family.........as always, one man's opinion.
If you'll recall, Archie's nemesis was Meathead. Much rather be a Trump minion than a Meathead socialist. And you're correct that we are headed for a global financial reconning of epic proportions. You'll definitely want your country to be energy independent and have some key manufacturing (like chips) in house. The world will change fast and furious. Glad we have Trump steering the ship and not whoever Bill votes for.
What if just if? What if a tariff causes some entrepreneur to determine he/she could produce the same product for less money in the US? Wouldn't that be a good thing?
Numbers Porn featuring Silicon Breasts, Lip Fillers and Butt Implants. Some people go in for that sort of thing, but others recognize the consistent fallacy and fakery that are modern "government" economic estimates.
Soooo, we could let you keep more of your hard-won hard-earned, but that would just give you "extra" to spend, so prices would go up. Since we all know Inflation Bad - we'll just keep stealing from you at the current levels. Um, or maybe even a little bit higher because we're in a really deep hole and how we got here is anybody's fault but ours. Hey, aren't you late for work?
Next Bill will be telling us that it's actually Patriotic to keep taking the fleecing then silently accept the subsequent pissing away (thanks DOGE) of 30%-50%+ of what we earn - and to endure it with a smile on our face...
So, in reference to the federal government, Bonner writes: "They produce few goods and offer few services that people would willingly pay for." Yes, Bill, that's the point. The Progressive Fascist Nihilist Democrat Horde don't expect you to pay for it. It's all for FREE!!! They want you to feel indebted to the government, unable to do anything on your own (with the help of severe all-encompassing regulations), so they can control you. An independently thinking and productive person is a threat to them because this person doesn't need their help, hence why they also want to limit free speech in addition to the regulations. Their policy is state control (fascism), and the destruction of productive effort which includes the need for energy (nihilism).
You nailed it John. They are trying to destroy the US. They actually hate the country that allows them to speak their opinions. Just imbeciles that can't see what they are doing.
True. Once again, I will refer folks to the 80s.Book "The Rise and Fall of Great Power. " Economic dominance is not determined by who best and efficiently presses out your flip flop from a piece of sponge roll. Nor, the worker snaps together an automobile in an "assembly plant." Economic dominance goes to those who produce the most energy, the most steel, the most ships. Heavy, heavy industry with sound governance of the supply chain is the foundation upon which any economy is built. The United States ran its heavy industries off. Environmental regulation, taxation and the lure of low labor cost which nowadays is a small part of production cost was our failing. It's time we bring our capital, financial and intellectual back.
I'm an observer from within and agree to your assessment. Would like to add some limitations.
As soon, and it started already, the German boomers leave the playing field central Europe will face enourmus problems to maintain it's electric grid, it's power plants, it's networks, it's bridges and a lot more that requires engineering skills and proper organisation.
I too have lived in Germany. Loved it but the Germans are paid more for less hours worked, not to mention the vacation time. So I disagree with your assessment. They produce quality cars but they have not produced tanks in a while. EU has mooched off us for decades for defense. We spend and they reap. Not to mention their taxes.
So the feds spend $6.7T a year. Divide that by the population and it comes to about $20k for every man, woman and child. So the gubmint spends $80k for a family of 4, every year. This does not take into account the cost of state, county, local governments, and regulations. This is beyond crazy. This is criminal.
RANT, RANT, when has the trading World ever operated without taritts of some kind. They come and go many times over the centuries and when they come some non-thinkers believe it is the first and new plan.
Like most of the naysayers Bill you ignore the immediate results of the threat of tariffs. Businesses are onshoring manufacturing in these United States. There are more to come in the trillions of dollars of investment that will bring high paying jobs to Americans.
You also seem to ignore the outrageous tariffs other countries are imposing on our goods making it near impossible for American manufacturers to compete in the global marketplace. Imposing reciprocal tariffs on them is fair. Any ensuing "trade war" will be short lived for the simple reason we have more staying power that our "trade partners" and they will have no choice but to at the minimum meet us half way.
Your "free trade" screed is an empty one. In reality there is no such thing as free trade, there never was and there never will be because governments can't resist interfering.
We have provided the world a police force for free since 1945. Meanwhile they have been buggering us with exorbitant tariffs. It's time they started paying for that police force and if they bitch about it we need to triple whatever tariffs we are imposing on them.
Aren't you supposed to be some kind of economic/financial gee whiz kid? I don't see it.
And by the way, you're supposed to be an American citizen. How bout you start acting like one for a change?
Tariffs are a tax, which is bad, but they are also a bit of a head fake. How so? The people whom the tariffs are nominally protecting, meaning US industries nominally, and US consumers actually, are the ones who PAY the tariff. China, Mehico, and Canada are not ponying up at the customs house to get into the country. We, who would buy demanding the foreign goods, are paying the upcharge for the privilege of having access to the products we demand. The government portrays this situation as "levelling the playing field" and/or "protecting" US firms from "unfair" competition.
There is a difference with tariffs: they can come and go as desired. Other taxes are not so flexible; they are established by law (and its cumbersome process), not decree. Therefore, the tariffs can be a useful tool either to make a point or to buy some time for a specific purpose. In this case, the specific purpose is to show the "unfair" competitor that the market he takes for granted can go away at anytime. The US economy and enormous consumer market are still the straw that stirs the world economic drink. Can exporters afford a sudden 25% reduction in exposure to that market? We'll find out. The tariffs can go as quickly as they come. They can increase or decrease as needed. Not so with income taxes, property taxes, intangible taxes, use taxes, excise taxes, sales taxes, corporate (production) taxes, and all the other loving assessments with which our government saddles us. They're structural and nearly impossible to undo, as all of us learn very well, very quickly.
I hate taxes. They are the physical manifestation of government. Still, in this case, in this political game of chicken, I'm interested to see where it leads. This time, I might actually benefit from my "contribution". Best always. PM
"Can exporters afford a sudden 25% reduction in exposure to that market?"
Excellent, Paul. THIS is the very real flip side of Tariffs and what actually gives them true Power for the one instituting them. It's also the part that Bonner refuses to even slightly acknowledge...
Well, there are basic facts, and then there is ax-grinding. It's decent of the man that he gives the other side equal time via the comments forum, is it not? Best always. PM
100%...
Excellent to my h. Opinion
Watching the state of the union address last night clearly demonstrates the political divide is unbridgeable. When there are no common values there can be no agreements. America is experiencing a philosophical civil war.
You can thank USAID and the endless tsunami of bullcrap propaganda. This tsunami forever poisoned the public dialogue.
I hope that once all this misdirected money, from USAID and God knows where else, is halted, that these idiotic and destructive woke policies will wither and die.
EXACTLY.
And without 𝗙𝗿𝗮𝘂𝗱 the libtarded communist fascist dimocrats would never win another election. Last night clearly illustrated how out of touch and out of step these losers are with Real America.
At most, their true believers actually make up 20% of the population, and that's being generous. The scam is that they "own" most of the microphones so they appear MUCH larger than they really are. Talk about an Emperor without clothes...
Preach it brother!
Yes Steve, it’s not so much a philosophical war due to the zero logic and lack of common sense on the left, but a very uncivil war due to the extreme mental illness in control of the Democratic Party. The democrats are officially the party of mental illness and will continue to be so until we reopen the mental institutions that should have never been shut down. Also need to address the causes of these mental disorders and stop putting these people in positions of authority due to DEI nonsense.
"Until we reopen the mental institutions"
Interesting, here too in the great white North. Tell me, do you recall what year they shutdown those insitutions. There may be a pattern here. : )
Then Governor Reagan signed the Lanterman-Petris-Short Act in 1967, all but ending the practice of institutionalizing patients against their will. When deinstitutionalization began 50 years ago, California mistakenly relied on community treatment facilities, which were never built. As many bad policies start in California and make their way across America.
And unfortunately many of those same people who should have been institutionalized, are now running the Democratic Party as we see across America.
SL: And a lot of them are also in the Republican party. You guys have too much animosity and hate!
Exactly. Who wants to cross a bridge to join the Progressive Fascist Nihilist Democrat Horde.
O so its okay that other countries like India charge tarrifs as high as 75% on motorcycles and other products and Canada and Mexico continue to rip off America. I spent 30 years in the machine tool business and witnessed first hand the stupidity and greed of decisions made to move manufacturing offshore. There was a time where we made everything under the sun in house and its time we returned this to America. Trumps methods are the first step in its revival. Give it a chance.
Amen brother! And if they think reciprocal tariffs are so horrible, then we’ll eliminate ours if you eliminate yours! Then we’re back to REAL free trade. Bill is just a lefty who has TDS. I’m sorry that it put him in the hospital but it is very unhealthy for those who catch it!
Bob O'Brien. The figures I come up with , that is Canada and the USA is Oil at 170 Billion to the USA. Take the oil trade out of the equation and USA enjoys a trade surplus of 45 Billion dollars US. From where I stand , I do not see Canada ripping off the USA.
Weirdly, deficit spending counts towards GDP. So if Musk is successful in reducing the deficit, which I think Bill would like, GDP goes down, for which Bill will blame Trump. This is akin to saying that if we stop the patient's bleeding, we won't need as many units of blood to keep him going, and that's bad for the economy.
Secondly, there is a big dot here that Bill doesn't seem to want connect. What if, just maybe, tariff's are initially a tax to help close the budget gap, but also to incentivize reshoring, and also as a first step in a transition from income and wealth taxes to consumption taxes?
Trump is not a typical negotiator. Most people say "I want this" and the other party says "I'll agree to that if you will do this for me". Trump hits you between the eyes with a 2x4, and the other party says "What is it you want?? Whatever it is, I'll do it!!!"
So let the games begin! America has been corrupted by this demented globalist regime for way too long now and needs to burn down so we can rebuild stronger than ever 💪. Sure, there will be pain, but nothing compared to the pain and insanity the demented left has inflicted upon us. Watching the pathetic globalists leftists last night was a perfect example of what happens when we allow the mentally disturbed to run our country. Trump made the perfect speech last night and hope he can carry out half of his agenda before the war for America starts. In the meantime, enjoy the leftist freak show and meltdowns and continue to buy lots of precious metals and ammo. And Don’t forget to buy the dip In Crypto 🙏🇺🇸🇺🇸🇺🇸
Excellent Steve. We also need to arrest those who have defrauded us and fleeced us to the tune of trillions in odious debt.
Biden gave out blanket pardons to many of these crooks
Hopefully, won't hold up in court. Less pardons than you think for congress critters on the grift. Looking at you, Ratskin. Preemptive pardons are bullcrap!
But the law reads like these pardons will hold up. However they may figure out something that isn't covered by pardon.
The fact that the pardons were autosigned may be a loophole. The fact that Biden didn’t know much of what was going on may make the auto sign void unless he knew what was being signed.
Hopefully, those blanket pardons will not stand up in court! We'll see.
If the communist’s on the unSupreme Court uphold the illegal preemptive pardons with no crimes attached, then the states should step up and charge. Ala the criminal persecution of President Trump by rogue state prosecutors and attorneys general.
BG: Not as many as Trump did for the Jan.6th mob.
Aaaaand, once again, Dot, you don't know what the hell you're talking about.
Trump granted pardons or clemency to about 1600 individuals connected to Jan 6th.
Biden granted pardons or clemency to over 4200 individuals (many convicted for murder) during his term.
Take your TDS someplace else. It's getting really old.
I: You’re right! Biden did indeed grant more pardons.
I'm glad you at least mentioned that other countries cruelly use tariffs to also tax their citizens. It's not unique to Trump's selfish nature. Many of Trump's tariffs are reciprocal, leveling the trading space with some countries. Other tariffs are intended to change behavior on boarder security. But what Bill fails to mention (because of TDS) is the TRILLIONS in commitments to build factories and produce American jobs that have ben exported over the decades under the Globalists. Actual, good-paying manufacturing jobs that certainly will not be held by the investment class but by working-class Americans invigorating the base. If you're going to rip someone's actions at least do a fair job of covering the expected outcomes. 1.7 Trillion in commitments so far after only 6 weeks! Some of it is because of tariffs (hello Honda and Apple). Some of it because we're reducing regulation and opening our country back up to manufacturing. Press pause on the doom, Bill, and get some help for your very obvious TDS.
Insert your favorite Own3d meme here because you just got Own3d Bill.
The over-riding issue is the DEBT! And, to fix it, it would be horrifically painful - and here is your cliffnote - unsurprisingly, that is why it won't be fixed. Simple deduction of a rational person. All of these other issues are distractions, distractions, distractions. Wondering if tariffs are good or bad, whether there is gold in Fort Knox, whether Musk should be deported, whether the Gulf should be renamed, or even if Representative Green is an idiot (well, that seems to be beyond question) are just distractions. The US$ and the fiat currencies worldwide are going to blow up and with it the credit/derivatives bubble. All the other comments - reshoring, close the gap, cut government waste.......just continuing nonsense. I like Trump and his minions.......they are good entertainment, actually better than anything recently released by the nuts in Hollyland, because it is great theatre. Sort of like watching Reacher or reruns of All In The Family.........as always, one man's opinion.
If you'll recall, Archie's nemesis was Meathead. Much rather be a Trump minion than a Meathead socialist. And you're correct that we are headed for a global financial reconning of epic proportions. You'll definitely want your country to be energy independent and have some key manufacturing (like chips) in house. The world will change fast and furious. Glad we have Trump steering the ship and not whoever Bill votes for.
Amen brother
If tariffs are an act of war we've have been invaded for years....
Decades, my entire adult life.
What if just if? What if a tariff causes some entrepreneur to determine he/she could produce the same product for less money in the US? Wouldn't that be a good thing?
Now You are talking. Provide a good product at a competitive price. Hooray!
Insert Homer Simpson "Doh!" meme here for educational purpose for Bill.
Not to the left
But if the tariffs are removed he can no longer compete. Hmm…. Definitely a quandary
"𝘞𝘩𝘰𝘢. 𝘈 5.8% 𝘥𝘳𝘰𝘱 𝘪𝘯 𝘎𝘋𝘗 𝘨𝘳𝘰𝘸𝘵𝘩 𝘦𝘴𝘵𝘪𝘮𝘢𝘵𝘦𝘴. 𝘞𝘦 𝘩𝘢𝘷𝘦𝘯’𝘵 𝘴𝘦𝘦𝘯 𝘵𝘩𝘢𝘵 𝘴𝘪𝘯𝘤𝘦 𝘵𝘩𝘦 𝘎𝘳𝘦𝘢𝘵 𝘋𝘦𝘱𝘳𝘦𝘴𝘴𝘪𝘰𝘯…𝘰𝘳 𝘋𝘰𝘯𝘢𝘭𝘥 𝘛𝘳𝘶𝘮𝘱’𝘴 𝘧𝘪𝘳𝘴𝘵 𝘵𝘦𝘳𝘮, 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘊𝘰𝘷𝘪𝘥 𝘗𝘢𝘯𝘪𝘤."
Numbers Porn featuring Silicon Breasts, Lip Fillers and Butt Implants. Some people go in for that sort of thing, but others recognize the consistent fallacy and fakery that are modern "government" economic estimates.
"𝘛𝘩𝘪𝘴 𝘪𝘴 𝘸𝘩𝘺 𝘋𝘰𝘯𝘢𝘭𝘥 𝘛𝘳𝘶𝘮𝘱’𝘴 2017 𝘵𝘢𝘹 𝘤𝘶𝘵… 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘱𝘳𝘰𝘱𝘰𝘴𝘢𝘭 𝘵𝘰 𝘦𝘹𝘵𝘦𝘯𝘥 𝘪𝘵… 𝘢𝘳𝘦 𝘴𝘶𝘤𝘩 𝘧𝘳𝘢𝘶𝘥𝘴. 𝘛𝘩𝘦𝘺 𝘥𝘰 𝘯𝘰𝘵 𝘢𝘤𝘵𝘶𝘢𝘭𝘭𝘺 𝘤𝘶𝘵 𝘵𝘢𝘹𝘦𝘴; 𝘵𝘩𝘦𝘺 𝘴𝘪𝘮𝘱𝘭𝘺 𝘴𝘩𝘪𝘧𝘵 𝘪𝘵 𝘧𝘳𝘰𝘮 𝘥𝘪𝘳𝘦𝘤𝘵 𝘵𝘢𝘹𝘦𝘴 𝘰𝘯 𝘪𝘯𝘤𝘰𝘮𝘦 𝘵𝘰 𝘪𝘯𝘥𝘪𝘳𝘦𝘤𝘵 𝘵𝘢𝘹𝘦𝘴 𝘧𝘳𝘰𝘮 𝘪𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯 𝘰𝘳 𝘵𝘢𝘳𝘪𝘧𝘧𝘴."
Soooo, we could let you keep more of your hard-won hard-earned, but that would just give you "extra" to spend, so prices would go up. Since we all know Inflation Bad - we'll just keep stealing from you at the current levels. Um, or maybe even a little bit higher because we're in a really deep hole and how we got here is anybody's fault but ours. Hey, aren't you late for work?
Next Bill will be telling us that it's actually Patriotic to keep taking the fleecing then silently accept the subsequent pissing away (thanks DOGE) of 30%-50%+ of what we earn - and to endure it with a smile on our face...
Hey Starboard, quit front running Mr bills next column!
LOL. Get your laugh of the day here, folks. Best always. PM (still laughing)
So, in reference to the federal government, Bonner writes: "They produce few goods and offer few services that people would willingly pay for." Yes, Bill, that's the point. The Progressive Fascist Nihilist Democrat Horde don't expect you to pay for it. It's all for FREE!!! They want you to feel indebted to the government, unable to do anything on your own (with the help of severe all-encompassing regulations), so they can control you. An independently thinking and productive person is a threat to them because this person doesn't need their help, hence why they also want to limit free speech in addition to the regulations. Their policy is state control (fascism), and the destruction of productive effort which includes the need for energy (nihilism).
Bill Bonner is well aware of the Facts and Truth in your post...
You nailed it John. They are trying to destroy the US. They actually hate the country that allows them to speak their opinions. Just imbeciles that can't see what they are doing.
Tariff the HELL out of all these countries that have abused the US for decades!
I have spent time in Europe ,Japan and the United States in the past few years .
My opinion is that on a level playing that the German and Japanese workers would come out ahead in terms of quality and cost competitiveness .
The advantage the US might hold is in terms of technology such as automation but not in worker skill and dedication .
Only my opinion of course but I am a careful observer of the societies I visit .
True. Once again, I will refer folks to the 80s.Book "The Rise and Fall of Great Power. " Economic dominance is not determined by who best and efficiently presses out your flip flop from a piece of sponge roll. Nor, the worker snaps together an automobile in an "assembly plant." Economic dominance goes to those who produce the most energy, the most steel, the most ships. Heavy, heavy industry with sound governance of the supply chain is the foundation upon which any economy is built. The United States ran its heavy industries off. Environmental regulation, taxation and the lure of low labor cost which nowadays is a small part of production cost was our failing. It's time we bring our capital, financial and intellectual back.
I'm an observer from within and agree to your assessment. Would like to add some limitations.
As soon, and it started already, the German boomers leave the playing field central Europe will face enourmus problems to maintain it's electric grid, it's power plants, it's networks, it's bridges and a lot more that requires engineering skills and proper organisation.
I too have lived in Germany. Loved it but the Germans are paid more for less hours worked, not to mention the vacation time. So I disagree with your assessment. They produce quality cars but they have not produced tanks in a while. EU has mooched off us for decades for defense. We spend and they reap. Not to mention their taxes.
So the feds spend $6.7T a year. Divide that by the population and it comes to about $20k for every man, woman and child. So the gubmint spends $80k for a family of 4, every year. This does not take into account the cost of state, county, local governments, and regulations. This is beyond crazy. This is criminal.
RANT, RANT, when has the trading World ever operated without taritts of some kind. They come and go many times over the centuries and when they come some non-thinkers believe it is the first and new plan.
RALPH W.
Like most of the naysayers Bill you ignore the immediate results of the threat of tariffs. Businesses are onshoring manufacturing in these United States. There are more to come in the trillions of dollars of investment that will bring high paying jobs to Americans.
You also seem to ignore the outrageous tariffs other countries are imposing on our goods making it near impossible for American manufacturers to compete in the global marketplace. Imposing reciprocal tariffs on them is fair. Any ensuing "trade war" will be short lived for the simple reason we have more staying power that our "trade partners" and they will have no choice but to at the minimum meet us half way.
Your "free trade" screed is an empty one. In reality there is no such thing as free trade, there never was and there never will be because governments can't resist interfering.
We have provided the world a police force for free since 1945. Meanwhile they have been buggering us with exorbitant tariffs. It's time they started paying for that police force and if they bitch about it we need to triple whatever tariffs we are imposing on them.
Aren't you supposed to be some kind of economic/financial gee whiz kid? I don't see it.
And by the way, you're supposed to be an American citizen. How bout you start acting like one for a change?