Wealth is not created by politicians or their programs, policies or money-printing bamboozles. Instead, it is the fruit of taxi drivers, doctors, accountants, jewelers…millions of people.
If Donnie's tariffs are ruled illegal by the Supreme Court at least somebody will make some money from speculating on the rights to Tariff Refund Credits. Apparently the company of Jeffery Epstein's old neighbor, Cantor Fitzgerald has been purchasing these rights from businesses that have paid tariffs at pennies on the dollar. Of course, Commerce Secretary Howard Lutnick is no longer running Cantor but surprise, surprise! his sons are in charge now. While Lutnick appears in the media praising tariffs his kids are busy betting that the tariffs are illegal. Like Carlin said - It's a big club and you ain't in it. https://www.cryptopolitan.com/cantor-fitzgerald-bets-against-trump-tariffs/
As a fan of conspiracy theories -most of which have been proven true - is there any possibility that one goal of the tariffs is to destroy small farmers so their properties can be acquired by the Banksters at discount prices? There are several local news coverage of the problems facing small farmers in the Midwest including losing export markets because of tariff retaliation. The World Economic Forum, Bill Gates, Soros, etc are already campaigning against farming - Let them eat bugs - because of "Climate Change". Larry Fink, the same guy who accompanied Donnie on his visit to the Mideast, is now co-president of that insidious WEF. Scenario - small farmers go bankrupt because of loss of export markets, Banksters like Black Rock step in to buy their farms at bargain prices just like they bought houses after the real estate collapse.
Absolutely feasible IMO, Cartero. Now do whom are the biggest purchasers of Single Family Homes in the US over the last 3-5 years and who is ultimately funding the explosion of new construction in high-density Apartment Homes (Rental Units) in the fastest growing areas - particularly the Southern States.
Rut Row. Maybe our kids WILL own nothing and be happy eating ze bugs. Meanwhile, the pocket idiot bricks keep everybody distracted just enough to not even see it coming.....
What about the tariffs and non tariff barriers affecting U.S. exporters and importers alike. Just as Trump was elected because of the bad policies of the Biden administration, so did the anti U.S. trade policies of our allies create the need to retaliate, using tariffs as a necessary cudgel to get some fairness, perhaps even some reciprocal free trade.
Arguing that they’re simply bad, and bad tax policy to boot, misses the crucial point of their necessity to move toward freer trade.
Before this, were their diplomats even considering removing their own barriers to our products and services?
Of course not. We were being played for patsies.
So spare me the tears over the disruption of free trade. It didn’t exist.
Stephen -- You're right that free trade doesn't exist; you're wrong when you cite our trading partners exist to exploit us.
Yes, some erect barriers to protect their industries but none come any where near the barriers Trump has imposed to extort foreign firms -- including those owned by US corporations who pay US taxes -- to produce their products in the US
More to the point: There has long existed in the US State Department a cadre of trade specialists who have over the decades --in Democratic and in Republican Administrations -- succeeded in reducing tariffs and NTB's that frustrate free trade
They haven't eliminated them, but they have over the years reduced them to modest levels -- levels that have not frustrated our worldwide exports.
S. W. Free trade does not exist now, nor will it ever as long as government is involved. Business to business can facilitate all comings and going . No matter which country We trade with. Take government out of the economy and see what happens . I could almost see a such of relief from those affected by government interference in the economy. But then I do not have stats as there are none to be made as this would go against the grain. People love it when others make the decisions for You . I do not like anybody to make a decision for Me. Just another point of view from My arm chair!
“Warren Buffett’s Berkshire Hathaway investment fund invested nearly $1 billion in two large home building companies, Lennar and DR Horton. These builders have shifted their business strategy by constructing “build to rent” homes. They sell them to institutional investors that buy the homes for a deep discount and rent them out for $2,200 per month. Build to rent homes account for 340,000 rental units, but its numbers are growing and have ballooned 270% since 2019.”
Full article if interested! Need to Know News is put out by G Edward Griffin, author of The Creature from Jekyll Island, still trying to get the word out at 93!
Debt is absolutely the heaviest chain around the necks of ordinary Americans — not their politicians. The political class is in on the grift: insider trading, lobbying cash, revolving doors. They’ll be fine.
It’s US citizens who carry the debt burden, and US companies who eat the tariffs. They pay more for raw materials and finished goods, then pass those costs back to the same citizens.
The government inserts itself as a parasite in every transaction. A parasite nobody invited, siphoning off value at each stage while claiming it’s “balancing trade” or “paying down debt.”
I wrote about this in detail here: The Tick That Trade Never Wanted
Just because “it’s better than the other guy,” or gal, doesn’t make it right. One of the things I learned early when I lived in England is just because they keep me at arms length, doesn’t mean I smell bad. Backing off a bit can provide both clarity and perspective. It is difficult nowadays because both the chaff and the wheat look very much alike; any odor is often disguised by aromatic perfumes brewed not by the well-intended.
Was it "us" or was it our owners from whom China got the money to develop their military and infrastructure? Our "elite" and politicians decided it would be a good idea to ship our manufacturing base overseas so they could increase their profits. They did this at the expense of the working class. It's ironic that the same politicians who supported the war in Vietnam to "stop the spread of communism" later decided that outsourcing our manufacturing base to a communist country was a good idea. And now these evil idiots are telling us that China is a danger to the US.
PS - It won't take long, 5 years tops, until we have the strongest, smartest, healthiest children in the Country going forward. Bookmark this and take it to the bank......
US Manufacturing has been down and declining for my entire life. So how come the shelvess are still full despite the tariffs? Prices have not skyrocketed since biden.
Maybe somebody on the other end of tarrif is eating some margin. Maybe.
A trade deficit is about resources and capacity — whether a nation has the raw materials or factories to produce what its people need. America let that manufacturing ship sail decades ago, and no amount of strong-arming is going to bring it back.
Debt is different. It’s political. It’s created and controlled by the very government elected to serve the people. Yet the people haven’t pushed back hard enough. They’ve tolerated the madness — the looting of future generations, the endless wars that feed the military-industrial complex.
If this generation doesn’t take notice, the next one may not get the chance.
Iceberg -- Neither tariffs nor debt are intrinsically culprits.
They only become harmful when they are excessive.
What's harmful are Trump's excessive (and apparently illegal) tariffs (paid by the US importer) and his intentional deficit spending (contrary to his persistent pledge to reduce the deficit)
"and apparently illegal" - says ANOTHER traitorous "judge" who is overstepping his/her boundaries, parroted unceasingly by the soft-headed. All this illegal obstruction sure gives the morons a short-lived chill up their legs, eh Jimbo?
You and your "judges" are 0 - 18 with your ignorant, un-Constitutional "rulings." Wanna make a bet how "apparently illegal" the Trump tariffs will turn out to be? No, I didn't think so - but keep up the Hopium, it's basically all y'all have left.....
PS - Real Americans are laughing at you and yours with the constant, tone-deaf Anti-American antics. Please keep it up, November 2026 is just around the corner.....
Real Americans are appalled by our current president’s abuse of our Constitution.
He is in charge of one of three branches of our government but he constantly over reaches especially in Congressional affairs by usurping their responsibilities.
Then how do you explain SCOTUS consistently OVERTURNING lower court "judges rulings" against what you say are "Constitutional overreaches" to what could be construed as 18 -0 times in SUPPORT of Trump's actions and orders?
The obvious answer is the one you refuse to acknowledge - that is that Trump is NOT abusing the Constitution, he is following it. The FACT that we finally have a President who UNDERSTANDS the Chief Executive's ENUMERATED POWERS, and has the balls to exercise those LEGAL, CONSTITUTIONAL powers for the betterment of our Country is what has all you leftardes wetting your panties. Y'all's inherent 𝗔𝗺𝗲𝗿𝗶𝗰𝗮 𝗟𝗮𝘀𝘁 ideology and irrational hatred of Trump has you looking like hysterical, stupid fools refusing to live in Reality on nearly EVERY issue that matters - and polling shows the voting public is seeing it in DROVES.
Again, please keep going - here and everywhere else.....
Jeffrey Sachs, professor of economics at Columbia University, reveals the entire truth package in several of his speeches such as this one. Mostly echoes Bill Bonner on the “empire” issue.
If Donnie's tariffs are ruled illegal by the Supreme Court at least somebody will make some money from speculating on the rights to Tariff Refund Credits. Apparently the company of Jeffery Epstein's old neighbor, Cantor Fitzgerald has been purchasing these rights from businesses that have paid tariffs at pennies on the dollar. Of course, Commerce Secretary Howard Lutnick is no longer running Cantor but surprise, surprise! his sons are in charge now. While Lutnick appears in the media praising tariffs his kids are busy betting that the tariffs are illegal. Like Carlin said - It's a big club and you ain't in it. https://www.cryptopolitan.com/cantor-fitzgerald-bets-against-trump-tariffs/
As a fan of conspiracy theories -most of which have been proven true - is there any possibility that one goal of the tariffs is to destroy small farmers so their properties can be acquired by the Banksters at discount prices? There are several local news coverage of the problems facing small farmers in the Midwest including losing export markets because of tariff retaliation. The World Economic Forum, Bill Gates, Soros, etc are already campaigning against farming - Let them eat bugs - because of "Climate Change". Larry Fink, the same guy who accompanied Donnie on his visit to the Mideast, is now co-president of that insidious WEF. Scenario - small farmers go bankrupt because of loss of export markets, Banksters like Black Rock step in to buy their farms at bargain prices just like they bought houses after the real estate collapse.
Absolutely feasible IMO, Cartero. Now do whom are the biggest purchasers of Single Family Homes in the US over the last 3-5 years and who is ultimately funding the explosion of new construction in high-density Apartment Homes (Rental Units) in the fastest growing areas - particularly the Southern States.
Rut Row. Maybe our kids WILL own nothing and be happy eating ze bugs. Meanwhile, the pocket idiot bricks keep everybody distracted just enough to not even see it coming.....
Bingo!
What’s the difference between a Conspiracy Theory and the truth? About 6 months. It really is one big club and you ain’t in it!
Too tired to keep replying to BB’s usual B.S. His mouth was shut during Biden’s administration excessive spending with no cuts.
https://www.zerohedge.com/geopolitical/worlds-largest-group-genocide-scholars-finds-israel-guilty
And tariffs
What about the tariffs and non tariff barriers affecting U.S. exporters and importers alike. Just as Trump was elected because of the bad policies of the Biden administration, so did the anti U.S. trade policies of our allies create the need to retaliate, using tariffs as a necessary cudgel to get some fairness, perhaps even some reciprocal free trade.
Arguing that they’re simply bad, and bad tax policy to boot, misses the crucial point of their necessity to move toward freer trade.
Before this, were their diplomats even considering removing their own barriers to our products and services?
Of course not. We were being played for patsies.
So spare me the tears over the disruption of free trade. It didn’t exist.
Stephen West
^^^^^x1000
A breath of fresh air from a Realist who recognizes and ACKNOWLEDGES History (that's the part our Host refuses to do on this issue.)
Thank you, Stephen.....
Stephen -- You're right that free trade doesn't exist; you're wrong when you cite our trading partners exist to exploit us.
Yes, some erect barriers to protect their industries but none come any where near the barriers Trump has imposed to extort foreign firms -- including those owned by US corporations who pay US taxes -- to produce their products in the US
More to the point: There has long existed in the US State Department a cadre of trade specialists who have over the decades --in Democratic and in Republican Administrations -- succeeded in reducing tariffs and NTB's that frustrate free trade
They haven't eliminated them, but they have over the years reduced them to modest levels -- levels that have not frustrated our worldwide exports.
Wrong-O. If these "experts" had been working at balancing/freeing Trade for DECADES - they really sucked at it...
https://www.reuters.com/graphics/USA-TRUMP/TARIFFS/akpeebdjjpr/chart.png
If you measure success by no tariffs, Trump's are the worst. His are reducing US exports. They are also reducing world commerce.
S. W. Free trade does not exist now, nor will it ever as long as government is involved. Business to business can facilitate all comings and going . No matter which country We trade with. Take government out of the economy and see what happens . I could almost see a such of relief from those affected by government interference in the economy. But then I do not have stats as there are none to be made as this would go against the grain. People love it when others make the decisions for You . I do not like anybody to make a decision for Me. Just another point of view from My arm chair!
“Warren Buffett’s Berkshire Hathaway investment fund invested nearly $1 billion in two large home building companies, Lennar and DR Horton. These builders have shifted their business strategy by constructing “build to rent” homes. They sell them to institutional investors that buy the homes for a deep discount and rent them out for $2,200 per month. Build to rent homes account for 340,000 rental units, but its numbers are growing and have ballooned 270% since 2019.”
Full article if interested! Need to Know News is put out by G Edward Griffin, author of The Creature from Jekyll Island, still trying to get the word out at 93!
https://clicks.aweber.com/y/ct/?l=B7Ey7&m=iMNd8ZrMmWYcSkU&b=UndsMOSP9EPT7vmdHsPhjA
Debt is absolutely the heaviest chain around the necks of ordinary Americans — not their politicians. The political class is in on the grift: insider trading, lobbying cash, revolving doors. They’ll be fine.
It’s US citizens who carry the debt burden, and US companies who eat the tariffs. They pay more for raw materials and finished goods, then pass those costs back to the same citizens.
The government inserts itself as a parasite in every transaction. A parasite nobody invited, siphoning off value at each stage while claiming it’s “balancing trade” or “paying down debt.”
I wrote about this in detail here: The Tick That Trade Never Wanted
https://lucaskandia.substack.com/p/the-tick-that-trade-never-wanted
Just because “it’s better than the other guy,” or gal, doesn’t make it right. One of the things I learned early when I lived in England is just because they keep me at arms length, doesn’t mean I smell bad. Backing off a bit can provide both clarity and perspective. It is difficult nowadays because both the chaff and the wheat look very much alike; any odor is often disguised by aromatic perfumes brewed not by the well-intended.
Absolutely on target!
Was it "us" or was it our owners from whom China got the money to develop their military and infrastructure? Our "elite" and politicians decided it would be a good idea to ship our manufacturing base overseas so they could increase their profits. They did this at the expense of the working class. It's ironic that the same politicians who supported the war in Vietnam to "stop the spread of communism" later decided that outsourcing our manufacturing base to a communist country was a good idea. And now these evil idiots are telling us that China is a danger to the US.
More GREAT NEWS from the FREE State of Florida:
https://x.com/EricLDaugh/status/1963254999204442607?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1963254999204442607%7Ctwgr%5Ec75e38fcb34e35756db55b8aabd111fb741e6e74%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fchoiceclips.whatfinger.com%2F2025%2F09%2F03%2Fmajor-breaking-surgeon-general-of-florida-announced-all-vaccine-mandates-in-florida-will-be-ended-and-the-room-erupted-all-not-just-covid-all%2F
PS - It won't take long, 5 years tops, until we have the strongest, smartest, healthiest children in the Country going forward. Bookmark this and take it to the bank......
Absolutely...! And get ready for an H-bomb (of scientific evidence) to drop:
https://www.aninconvenientstudy.com/
https://www.armstrongeconomics.com/international-news/north_america/americas-current-economy/us-manufacturing-contracts-for-sixth-consecutive-month/
https://www.armstrongeconomics.com/world-news/war/nato-to-spend-1-5-trillion-in-2025/
More money for wars most citizens don’t want and countries don’t have!
US Manufacturing has been down and declining for my entire life. So how come the shelvess are still full despite the tariffs? Prices have not skyrocketed since biden.
Maybe somebody on the other end of tarrif is eating some margin. Maybe.
One less store in the empty shopping mall.
Declining relatively I mean.
Thanks for the links. You and I spend money We do not have, and by looking at things as they are , We will never have that money. Go lieberals, Not!
Thanks for laying it on the line, Bill! trumps economic policies: net gain = zero‼️
Demonstrably UNTRUE - and it's still very early in his term. Stop LYING....
I feel more and more faith in BB's view of the way that the world economy is heading .
Some of his attitudes such as anti Semitism are repulsive for sure but on the big fiscal trends I think that he has it right . IMHO of course .
"We don’t know which of the two frauds tariffs or deficits cause the most harm".
Not sure Mr. Bonner is absolute here…
The "most harm" is caused by debt.
Aren’t and tariff’s tools to balance trade?
Deficit’s as tangible goods are for trade
(things that cannot be grown or manufactured domestically).
Debt is the result of unbalanced trade and wasteful spending.
Trade deficits and debt are not the same thing.
A trade deficit is about resources and capacity — whether a nation has the raw materials or factories to produce what its people need. America let that manufacturing ship sail decades ago, and no amount of strong-arming is going to bring it back.
Debt is different. It’s political. It’s created and controlled by the very government elected to serve the people. Yet the people haven’t pushed back hard enough. They’ve tolerated the madness — the looting of future generations, the endless wars that feed the military-industrial complex.
If this generation doesn’t take notice, the next one may not get the chance.
And that is the pointlessness Lucas...
Mr. Bonner implies tariffs and deficits are the problem, ignoring debt as the rightful culprit.
Iceberg -- Neither tariffs nor debt are intrinsically culprits.
They only become harmful when they are excessive.
What's harmful are Trump's excessive (and apparently illegal) tariffs (paid by the US importer) and his intentional deficit spending (contrary to his persistent pledge to reduce the deficit)
Deficits vs debt...
the way I understand it...
...deficits are when expenses exceed revenues within a certain period.
...debts are when revenues never exceed deficits.
"and apparently illegal" - says ANOTHER traitorous "judge" who is overstepping his/her boundaries, parroted unceasingly by the soft-headed. All this illegal obstruction sure gives the morons a short-lived chill up their legs, eh Jimbo?
You and your "judges" are 0 - 18 with your ignorant, un-Constitutional "rulings." Wanna make a bet how "apparently illegal" the Trump tariffs will turn out to be? No, I didn't think so - but keep up the Hopium, it's basically all y'all have left.....
PS - Real Americans are laughing at you and yours with the constant, tone-deaf Anti-American antics. Please keep it up, November 2026 is just around the corner.....
Real Americans are appalled by our current president’s abuse of our Constitution.
He is in charge of one of three branches of our government but he constantly over reaches especially in Congressional affairs by usurping their responsibilities.
A Dear Leader we do not need.
Then how do you explain SCOTUS consistently OVERTURNING lower court "judges rulings" against what you say are "Constitutional overreaches" to what could be construed as 18 -0 times in SUPPORT of Trump's actions and orders?
The obvious answer is the one you refuse to acknowledge - that is that Trump is NOT abusing the Constitution, he is following it. The FACT that we finally have a President who UNDERSTANDS the Chief Executive's ENUMERATED POWERS, and has the balls to exercise those LEGAL, CONSTITUTIONAL powers for the betterment of our Country is what has all you leftardes wetting your panties. Y'all's inherent 𝗔𝗺𝗲𝗿𝗶𝗰𝗮 𝗟𝗮𝘀𝘁 ideology and irrational hatred of Trump has you looking like hysterical, stupid fools refusing to live in Reality on nearly EVERY issue that matters - and polling shows the voting public is seeing it in DROVES.
Again, please keep going - here and everywhere else.....
Jeffrey Sachs, professor of economics at Columbia University, reveals the entire truth package in several of his speeches such as this one. Mostly echoes Bill Bonner on the “empire” issue.
https://m.youtube.com/watch?v=QBmER6JSoh8#bottom-sheet
Pro Trump or Anti Trump, the alternative was Kamala.... nuff said.