Can we start a new thread for this? Replying to both of you
IowaAg07 said:
Can we start a new thread for this? Replying to both of you
Trump just now threatens more tariffs on Canada in response to Doug Ford’s export tax on electricity
— Joey Politano 🏳️🌈 (@JosephPolitano) March 11, 2025
The more studious among you might ask why an export tax is bad if we don’t need anything from Canada pic.twitter.com/fsSemP9gj0
— Scott Lincicome (@scottlincicome) March 11, 2025
You mean the USMCA trade deal that Trump pushed for and signed in his last term?TTUArmy said:
We are the world reserve currency and best market in the world. Other countries pay to play. They will do what we tell them to do. If they do not, they will pay mightily for it. The higher prices we pay for goods, to get these lop-sided trade deals straightened out, will be chicken feed compared to these countries who want to fight it. They will get skunked in this deal.
TTUArmy said:
We are the world reserve currency and best market in the world.
TTUArmy said:
We are the world reserve currency and best market in the world. Other countries pay to play. They will do what we tell them to do. If they do not, they will pay mightily for it. The higher prices we pay for goods, to get these lop-sided trade deals straightened out, will be chicken feed compared to these countries who want to fight it. They will get skunked in this deal.
JDCAG (NOT Colin) said:TTUArmy said:
We are the world reserve currency and best market in the world.
So remind me why we're bullying our trade partners and saying how terribly they're ripping us off again?
Sapper Redux said:TTUArmy said:
We are the world reserve currency and best market in the world. Other countries pay to play. They will do what we tell them to do. If they do not, they will pay mightily for it. The higher prices we pay for goods, to get these lop-sided trade deals straightened out, will be chicken feed compared to these countries who want to fight it. They will get skunked in this deal.
These arguments are so ridiculously hubristic that a Greek playwright would demand you tone it down a bit lest it seem unrealistic.
TTUArmy said:JDCAG (NOT Colin) said:TTUArmy said:
We are the world reserve currency and best market in the world.
So remind me why we're bullying our trade partners and saying how terribly they're ripping us off again?
They have been ripping us off. Fortunately, we're under new mgmt that doesn't take that sort of thing lightly.
We constantly create new dollars, send them to the world so they can invest in their tariff protected industries, and then we force our middle class to purchase their goods with devalued currency at flat or higher prices.Gordo14 said:TTUArmy said:JDCAG (NOT Colin) said:TTUArmy said:
We are the world reserve currency and best market in the world.
So remind me why we're bullying our trade partners and saying how terribly they're ripping us off again?
They have been ripping us off. Fortunately, we're under new mgmt that doesn't take that sort of thing lightly.
What you've described is an emotion. I get it, the average Trump voter (and Trump himself) feeds of turning themselves into a victim. How specifically is the world ripping America off. Keep in mind we are the wealthiest most powerful nation to ever exist.
JPM: Eye on the Market: Fifty days of greyQuote:
Here's the interesting thing about the stock market: it cannot be indicted, arrested or deported; it cannot be intimidated, threatened or bullied; it has no gender, ethnicity or religion; it cannot be fired, furloughed or defunded; it cannot be primaried before the next midterm elections; and it cannot be seized, nationalized or invaded. It's the ultimate voting machine, reflecting prospects for earnings growth, stability, liquidity, inflation, taxation and predictable rule of law.
Regarding your 1st paragraph, it's become painfully obvious thanks to DOGE that the majority of the non-military support you mention has been nothing but pet projects funneled through NGO's as a way to launder money and to influence foreign nations.Sapper Redux said:
We spend money on goods and services. We also support allies who support our goals and our businesses, allowing the United States to maintain its status as the wealthiest and most powerful nation on Earth.
So what exactly is your ideal? The post-World War II manufacturing America was an aberration that was unsustainable as soon as nations in Europe and Asia recovered from World War II. Any new manufacturing here under Trump's tariffs will be much more expensive than current costs and will likely incur more tariffs and expenses if we engage in trade. Americans will absolutely lose purchasing power and options in a reduced market as well as lose jobs due to fewer markets and interest in our goods.
Heineken-Ashi said:We constantly create new dollars, send them to the world so they can invest in their tariff protected industries, and then we force our middle class to purchase their goods with devalued currency at flat or higher prices.Gordo14 said:TTUArmy said:JDCAG (NOT Colin) said:TTUArmy said:
We are the world reserve currency and best market in the world.
So remind me why we're bullying our trade partners and saying how terribly they're ripping us off again?
They have been ripping us off. Fortunately, we're under new mgmt that doesn't take that sort of thing lightly.
What you've described is an emotion. I get it, the average Trump voter (and Trump himself) feeds of turning themselves into a victim. How specifically is the world ripping America off. Keep in mind we are the wealthiest most powerful nation to ever exist.
Other countries are getting rich off this arbitrage. Our middle class is suffering. The only ones not suffering are the ones completely on the government teet and the wealthy invested fully in inflation benefitting assets. Everyone in the middle loses wealth every day that goes by.
We are essentially ripping ourselves off, to the benefit of the elite and the rest of the world. Hence why those same groups and the ones who have kept them in power are the ones melting down right now.
Bolded: You're talking about DXY essentially, which measures the dollar against a basket of foreign currencies, most of which has been devalued MORE than the dollar.Gordo14 said:Heineken-Ashi said:We constantly create new dollars, send them to the world so they can invest in their tariff protected industries, and then we force our middle class to purchase their goods with devalued currency at flat or higher prices.Gordo14 said:TTUArmy said:JDCAG (NOT Colin) said:TTUArmy said:
We are the world reserve currency and best market in the world.
So remind me why we're bullying our trade partners and saying how terribly they're ripping us off again?
They have been ripping us off. Fortunately, we're under new mgmt that doesn't take that sort of thing lightly.
What you've described is an emotion. I get it, the average Trump voter (and Trump himself) feeds of turning themselves into a victim. How specifically is the world ripping America off. Keep in mind we are the wealthiest most powerful nation to ever exist.
Other countries are getting rich off this arbitrage. Our middle class is suffering. The only ones not suffering are the ones completely on the government teet and the wealthy invested fully in inflation benefitting assets. Everyone in the middle loses wealth every day that goes by.
We are essentially ripping ourselves off, to the benefit of the elite and the rest of the world. Hence why those same groups and the ones who have kept them in power are the ones melting down right now.
1) I mean you're close, but making all sorts of assumptions to conclude that of course we are being taken advantage of. Look up any chart of the US Dollar since like 2014 against almost any currency. How can you say the US dollar has been devalued? We create new dollars, send them overseas, those dollars are used to buy commodities (global reserve currency) and if they have extra dollars they buy US debt to store cash for a rainy day. So when we export more too many dollars, the dollar weakens, and interest rates decrease. When we export too few dollars, the dollar is strong and foreign governments start trimming US debt holdings for cash to buy commodities. The US dollar has been relatively strong for the past 10 years, and interest rates started climbing 4-5 years ago.
2) the entire world would rather be in our middle class than their middle class and it isnt even close. I would suggest seeing what's generally going on around the world from other places perspectives if you actually think what you said is true. Europe and Japan have stagnated for well over a decade. Meanwhile Americans wealth - yes even in the God foresaken middle class - has continued to increase. Americans are much wealthier than Canadians for example, and that divide started accelerating in 2015. Are we really going to compare our middle class with Mexico or China?
3) if you believed that you shouldn't have elected a bunch of billionaires to run the show. Tariffs will disproportionately affect marginal consumers like the lower and middle classes. Any new investments will take years and capital to play out. But tariffs will also disproportionately affect businesses that employee middle class workers (making them less competitive compared to the globe) as they are the largest consumer of tariffed inputs. Sure the steel and aluminum import tariff is great if you're US Steel. What if you're boeing? What if you're in construction or GM? This will impact blue collar jobs at places like that far more than US Steel will gain. So, be careful what you wish for the "middle class".

Heineken-Ashi said:Bolded: You're talking about DXY essentially, which measures the dollar against a basket of foreign currencies, most of which has been devalued MORE than the dollar.Gordo14 said:Heineken-Ashi said:We constantly create new dollars, send them to the world so they can invest in their tariff protected industries, and then we force our middle class to purchase their goods with devalued currency at flat or higher prices.Gordo14 said:TTUArmy said:JDCAG (NOT Colin) said:TTUArmy said:
We are the world reserve currency and best market in the world.
So remind me why we're bullying our trade partners and saying how terribly they're ripping us off again?
They have been ripping us off. Fortunately, we're under new mgmt that doesn't take that sort of thing lightly.
What you've described is an emotion. I get it, the average Trump voter (and Trump himself) feeds of turning themselves into a victim. How specifically is the world ripping America off. Keep in mind we are the wealthiest most powerful nation to ever exist.
Other countries are getting rich off this arbitrage. Our middle class is suffering. The only ones not suffering are the ones completely on the government teet and the wealthy invested fully in inflation benefitting assets. Everyone in the middle loses wealth every day that goes by.
We are essentially ripping ourselves off, to the benefit of the elite and the rest of the world. Hence why those same groups and the ones who have kept them in power are the ones melting down right now.
1) I mean you're close, but making all sorts of assumptions to conclude that of course we are being taken advantage of. Look up any chart of the US Dollar since like 2014 against almost any currency. How can you say the US dollar has been devalued? We create new dollars, send them overseas, those dollars are used to buy commodities (global reserve currency) and if they have extra dollars they buy US debt to store cash for a rainy day. So when we export more too many dollars, the dollar weakens, and interest rates decrease. When we export too few dollars, the dollar is strong and foreign governments start trimming US debt holdings for cash to buy commodities. The US dollar has been relatively strong for the past 10 years, and interest rates started climbing 4-5 years ago.
2) the entire world would rather be in our middle class than their middle class and it isnt even close. I would suggest seeing what's generally going on around the world from other places perspectives if you actually think what you said is true. Europe and Japan have stagnated for well over a decade. Meanwhile Americans wealth - yes even in the God foresaken middle class - has continued to increase. Americans are much wealthier than Canadians for example, and that divide started accelerating in 2015. Are we really going to compare our middle class with Mexico or China?
3) if you believed that you shouldn't have elected a bunch of billionaires to run the show. Tariffs will disproportionately affect marginal consumers like the lower and middle classes. Any new investments will take years and capital to play out. But tariffs will also disproportionately affect businesses that employee middle class workers (making them less competitive compared to the globe) as they are the largest consumer of tariffed inputs. Sure the steel and aluminum import tariff is great if you're US Steel. What if you're boeing? What if you're in construction or GM? This will impact blue collar jobs at places like that far more than US Steel will gain. So, be careful what you wish for the "middle class".
If you want to know the value of the dollar, you simply invert this chart..
I'm not sure I can take your seriously when you claim that I make assumptions, when you yourself dont understand the difference between comparing a currency to other currencies vs the actual purchasing power of the dollar.
fulshearAg96 said:
I don't see any scenario where we have tariffs across the board. I do see Trump using this as a means of negotiating on specific scenarios to help bolster American manufacturing.
Some will see this as Trump not living up to his promises but he is a politician…
Should be great news for American car companies, right?cajunaggie08 said:
Well enjoy the 25% markup on vehicles.
https://www.npr.org/2025/03/26/nx-s1-5341767/trump-trade-tariffs-imported-cars
Bringing the world together... against us (except Russia).cajunaggie08 said:
https://www.reuters.com/world/china-japan-south-korea-will-jointly-respond-us-tariffs-chinese-state-media-says-2025-03-31/
Well i certainly didn't have this on my bingo card. This admin has found a way to get China, Japan, and South Korea to work together.
Inflation since COVID was a global phenomenon because every single country enacted the same exact monetary expansionist style policies. That is obvious if you pay attention to anything outside the US.Gordo14 said:Heineken-Ashi said:Bolded: You're talking about DXY essentially, which measures the dollar against a basket of foreign currencies, most of which has been devalued MORE than the dollar.Gordo14 said:Heineken-Ashi said:We constantly create new dollars, send them to the world so they can invest in their tariff protected industries, and then we force our middle class to purchase their goods with devalued currency at flat or higher prices.Gordo14 said:TTUArmy said:JDCAG (NOT Colin) said:TTUArmy said:
We are the world reserve currency and best market in the world.
So remind me why we're bullying our trade partners and saying how terribly they're ripping us off again?
They have been ripping us off. Fortunately, we're under new mgmt that doesn't take that sort of thing lightly.
What you've described is an emotion. I get it, the average Trump voter (and Trump himself) feeds of turning themselves into a victim. How specifically is the world ripping America off. Keep in mind we are the wealthiest most powerful nation to ever exist.
Other countries are getting rich off this arbitrage. Our middle class is suffering. The only ones not suffering are the ones completely on the government teet and the wealthy invested fully in inflation benefitting assets. Everyone in the middle loses wealth every day that goes by.
We are essentially ripping ourselves off, to the benefit of the elite and the rest of the world. Hence why those same groups and the ones who have kept them in power are the ones melting down right now.
1) I mean you're close, but making all sorts of assumptions to conclude that of course we are being taken advantage of. Look up any chart of the US Dollar since like 2014 against almost any currency. How can you say the US dollar has been devalued? We create new dollars, send them overseas, those dollars are used to buy commodities (global reserve currency) and if they have extra dollars they buy US debt to store cash for a rainy day. So when we export more too many dollars, the dollar weakens, and interest rates decrease. When we export too few dollars, the dollar is strong and foreign governments start trimming US debt holdings for cash to buy commodities. The US dollar has been relatively strong for the past 10 years, and interest rates started climbing 4-5 years ago.
2) the entire world would rather be in our middle class than their middle class and it isnt even close. I would suggest seeing what's generally going on around the world from other places perspectives if you actually think what you said is true. Europe and Japan have stagnated for well over a decade. Meanwhile Americans wealth - yes even in the God foresaken middle class - has continued to increase. Americans are much wealthier than Canadians for example, and that divide started accelerating in 2015. Are we really going to compare our middle class with Mexico or China?
3) if you believed that you shouldn't have elected a bunch of billionaires to run the show. Tariffs will disproportionately affect marginal consumers like the lower and middle classes. Any new investments will take years and capital to play out. But tariffs will also disproportionately affect businesses that employee middle class workers (making them less competitive compared to the globe) as they are the largest consumer of tariffed inputs. Sure the steel and aluminum import tariff is great if you're US Steel. What if you're boeing? What if you're in construction or GM? This will impact blue collar jobs at places like that far more than US Steel will gain. So, be careful what you wish for the "middle class".
If you want to know the value of the dollar, you simply invert this chart..
I'm not sure I can take your seriously when you claim that I make assumptions, when you yourself dont understand the difference between comparing a currency to other currencies vs the actual purchasing power of the dollar.
Ok but then we get back to real wages which are positive and asset appreciation which has far exceeded inflation. You're not acknowledging the positive impacts of inflation... Like say, if you have a mortgage, is more inflation good for your mortgage? If you took out debt to build a factory could inflation be a tool? If you are the US government and got like 2% interest rate fixed on 50 year debt in 2020 is inflation good?
Inflation in isolation means nothing unless you store youre wealth under a matress. Inflation in the context of the average American has actually been a positive thing because real wages are up and asset values have outperformed inflation and GDP has outperformed inflation by a lot.
So if you aren't working and are only in cash you've been run over these last 4 years. But that is a very small percentage of the population. If you have a 401k, a brokerage account, a house (especially with a fixed rate mortgage), a job (particularly on the lower end of the scale where real wages are the highest)... The data shows that you are doing very well. But you have to understand that inflation or deflation doesn't happen in a box, immune from everything else going on in the world - understanding this critical point is key to understanding why deflation is actually worse than single digit inflation. Also, inflation since COVID has been a global phenomenon not an American phenomenon. That suggests it's structural globally, not policy driven. And again, tariffs are inflationary in nature, so if that's the real problem, you shouldn't support tariffs.
Yes inflation exists. But your argument turns that into an emotional/ideological scenario. Think bigger, understand how the world works. Read the text not the headlines. Inflation is a factor of which there are many. Stagflation in the late 1970s is a whole different story when compared to what we experienced the last 4 years. So maybe let's not do policy that encourages stagflation.