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br Bernd 2025-09-16 23:03:44 No. 10724
Trump’s Tariffs Are Raking in Billions. Where Does It All Go？ ｜ WSJ
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Trump's tariffs are already working with the purpose of covering the budget deficit. Murka has three financial problems: persistent budget deficit, persistent growing debt-to-GDP-ratio, persistent trade deficit. All of this rests on the attractiveness of the dollar as international currency. If they ever lose that, even a little, the whole thing will start cracking. This is the republican plan to fix the issue: tariffs to fix both the budget deficits and trade deficits (which would eventually fix the debt issue), and also to try to bring back industries and force other countries to absorb murkoid fiscal irresponsibility. No tax on the rich, in fact more tax breaks to the rich and poor to make up for the higher prices caused by the tariffs. Also kick out the illegal workers to try to make wages higher to also compensate for the higher consumer prices. No subsidies for industries. Democrat plan: tariff only as a way to keep murkoid industries competitive. Complement it with subsidies for industries. Tax the rich to fix the budget deficit and eventually the debt issue. No tax breaks. No kicking out immigrants. Wages will increase with union participation. People used to think that the duality of politics and parties in murka was always going to be about one nationalist and protectionist party versus another internationalist and global trader party. In fact now we have two nationalist, merchantilist, protectionist and industrialist parties, but with little overlap in their policies. When it comes to foreign policies, Trump is a bully against murka's closest allies, but a docile dog when talking with other major powers. Biden on the other hand invented friend-shoring to try to bribe the silence and support of its main allies about his use of subsidies. In other words, Trump is more honest and upfront about his america fist policies and trying to make other countries absorb murka's fiscal irresponsibility. Biden tried to bribe. Trump's use of tariffs has three dimensions, as I have already explained. This makes tariffs very powerful but also a very rigid tool for him. Another final issue is the murka's internal geoeconomics. Traditionally you had one urban-industrial protectionist party vs one rural-agrarian internationalist party. We still have republican sea vs democrat archipelago. But now the two parties are industrialists. The old rust belt is dominated by democrat-connected labor unions. Southern states managed to pull some industries to themselves in these last decades with right-to-work laws which make labor unions ineffective there. So, one thing that needs answering (probably in the future) is how the republican party will consolidate power among industrial areas. Also, where will farmers end up. Do you think this system of two industrialist and protectionist parties is stable?
au Bernd 2025-09-16 23:50:38 No. 10725
We can all be protectionist now, you see we just bring the sweatshops here and kill the middle class off. Foolproof. To answer your question, no, this isn't sustainable at all. There is too much pressure from parasites in banking, corruption in everything from infrastructure to the medical system, profiteering and monopolisation. The cracks are already visible. When the two major parties are the exact same and neither intend on addressing the multiple crises looming on the horizon people are going to get more and more disillusioned and agitated.
au Bernd 2025-09-17 00:06:09 No. 10727
It's too soon to see what effects it us actually having. Though apparently investment in new projects is stalling but that might start up again when people know what's actually happening. I don't think it will end up working though.
by Bernd 2025-09-17 04:38:32 No. 10747
the situation with the major global power running trade deficits and amassing debt to foreigners has happened many times in history: - Britain in 19th century vs. China resulted in the Opium wars - US in 1950s to Germany resulted in the forced revaluation of the Deutschemark - US vs. France and Germany resulted in abolition of the US dollar gold tie (basically saying debtors to piss of with inflation of the dollar - the famous 'Our currency, your problems' lol) - US in the 1990s vs. Japan resulted in the Plaza accords and 2 lost decades for Japan - US vs. China now - it's in the process, but given the history, I say US will coerce China to behave
au Bernd 2025-09-17 09:57:10 No. 10805
>>10725 we are already bringing the people here, crowding them into slums, and killing the middle class, but without even a shirt or toy to show for it.
au Bernd 2025-09-17 23:26:51 No. 10926
>>10805 Yeah but how good is the customer service at Telstra and 7-Eleven, lucky us.
de Bernd 2025-09-17 23:37:25 No. 10927
Maybe the government could start to cut spending and track down where all the money is going, but I guess that would wake some sleeping dogs.
de Bernd 2025-09-18 00:16:23 No. 10930
>>10724 > Trump is more honest and upfront about his america fist policies and trying to make other countries absorb murka's fiscal irresponsibility. Biden tried to bribe. The rest of the world absorbing murka's fiscal irresponsibility was the accepted Status Quo for the last decades. The term for it is "American Exceptionalism". Basically all other larger countries rely on America buying their stuff using a lot of debt, and the other countries never truly reclaim that debt, but get back other value in the form of security, stability, protection, a currency that's accepted all around the world, rising stock markets, etc., and the premium America gets for having all that debt is soft power over basically the whole world (even China). It's a convoluted system that hides the true cost of things which worked well for most involved. Trump and his goons fail to see the value everybody before them saw in this system, because they either believe they don't need the rest of the world at all, or they can extract much more value from the old system. Both assumptions obviously end in the short-sighted idiocy we're seeing right now. Some people in the government even flip from isolationist to interventionist depending on the issue. As always the Trump Party has some valid points, but those could have been achieved much better and more quickly with much less escalation. > persistent trade deficit If truly fixing that was even just remotely one of the goals, it would have been sufficient to only put tariffs on about four countries: China, Vietnam, Mexico and Taiwan. Ireland and Germany are counterbalancedby the rest of the EU, US-EU trade is basically equivalent if services are also taken into account.
de Bernd 2025-09-18 02:24:29 No. 10938
Current American economic policy rests on the idea to a) have the USD as a global reserve currency and use the privilege that comes with that, which is what has made America wealthy in the past 8 decades by giving them the power to sustain a trade deficit and attracting international investment b) at the same time, have the dollar fairly valued in terms of productivity of the US economy, instead of overvalued, and balance the trade deficit c) use tariffs as a tool to achieve both a) and b), i. e. use tariffs strategically, while at the same time using tariffs as a short-term coercive tool in foreign policy, while at the same time using tariffs to generate government revenue. But when the tariffs generate revenue, they can't prevent imports and when the tariffs are a tool for short-term diplomatic gains, they create instability and make investments into American manufacturing unattractive. There clearly are multiple conflicts of objectives. Maybe the Trump administration found a way to have their cake and eat it, too, but probably not. >>10930 > Trump and his goons fail to see the value everybody before them saw in this system, because they either believe they don't need the rest of the world at all, or they can extract much more value from the old system When any American product is outcompeted by a foreign competitor, they feel that as an attack on their narcissistic egos. It's a personal insult. Donald Trump's view on trade is trade as a zero-sum-game, so he feels cheated when the trade balance does not even out. That's the main reason for tariffs.
de Bernd 2025-09-18 03:16:38 No. 10941 SÄGE!
>>10938 Halt dein behindertes Maul. Du pseudoschlaue linksgrüne Dummdeutsche Missgeburt. >>10930 Du auch. Behinderter grünwählender Drecksmongo. Biste auch Kinderficker oder?
(NUTZER BÜẞTE FÜR DIESEN PFOSTEN MIT GUT UND BLUT)
au Bernd 2025-09-18 05:18:40 No. 10947
>>10941 German language always makes me hungry
ch Bernd 2025-09-18 05:23:36 No. 10948
>>10947 Aren't you sad when kebab gets removed then?
au Bernd 2025-09-18 05:49:42 No. 10953
>>10948 I don't know what he wrote so I'll reserve judgement. Kartoffelknoedeln.
au Bernd 2025-09-18 06:08:44 No. 10954
>>10953 I think it says stop your behind mouth. You Pseudosomething leftgreen something German something. Then it says under that. You also. Behind forester something. Are you also a Iknowwhatthiswordmeansbutwillnottranslateit? If you ever have problems in the future let me know and I'll translate for you.>>10953
by Bernd 2025-09-18 07:46:32 No. 10967
>>10954 Very good translation! Did you leave "behind" on purpose? It means like "retard" actually generally disabled but in these contexts it means mentally disabled.
au Bernd 2025-09-18 07:59:14 No. 10970
>>10967 I guessed it might as that is similar to what the word retard literally means but I figured I would translate it literally.
de Bernd 2025-09-18 08:06:43 No. 10972
>>10954 >Pseudosomething leftgreen something German something. It's something like pseudo-smart leftgreen stupid-German freak. >Behind forester something. Retard green-voting dirt-mongo. Insults are difficult to translate sometimes.
by Bernd 2025-09-18 09:20:15 No. 10979
>>10970 Ah yes, it is more like the way of the KC to translate something literally for the giggles. Great choice, Sir!
fi Bernd 2025-09-18 11:12:20 No. 10988
Devaluating the dollar would have taken care of all three more, elegantly and effectively and without international butthurt
br Bernd 2025-09-18 11:17:31 No. 10989
>>10938 >use tariffs as a tool to achieve both a) and b), i. e. use tariffs strategically, while at the same time using tariffs as a short-term coercive tool in foreign policy, while at the same time using tariffs to generate government revenue. But when the tariffs generate revenue, they can't prevent imports and when the tariffs are a tool for short-term diplomatic gains, they create instability and make investments into American manufacturing unattractive. Trump and his team talked a lot about Mckinley so I guess they're aware of that. I think in the end they'll choose to use tariffs for revenue because they don't want to tax the rich for that. So they'll try to put the burden on other countries to make up for the trade imbalance.
de Bernd 2025-09-18 11:48:41 No. 10991
>>10988 It would have taken care of the mentioned issues, but not of the social problems in the USA that have now overtaken the fiscal issues. An insane number of people in the US lives in objectively extremely precarious conditions. The mistake of the Biden administration was to try to "fix" that through the usual broad subsidies, artificially inflating some macroeconomic numbers (e.g. employment statistics) and then tell those people that they're not supposed to be unhappy because their life is good on paper! I truly believe Trump understands that something finally has to be done to bring back more and better jobs for the "bottom" part of population with few qualifications to the US, that he actually has to deliver something to his followers. He knows they need to see a material improvement. A new factory opening in town where one was shut down and offshored to Asia in the 1990s. Something like that. Something tangible. Like the Chinese, who always make sure the poorest part of the population sees a relative wealth increase higher than all other parts of their society to keep civil unrest at bay. Having to work like an animal feels better if your salary is at least high enough to pay the bills and you don't have to compete with literally everybody else. The issues IMO are that a) he is so removed from the world that he doesn't understand how to do these things properly and actually believes it's enough to make some key changes and "deals" between two golf sessions that will then just transform the US back into what it was in "1950s" (he keeps talking about how prosperous everybody was in the 1950s) b) his definition of strength is based on who can bully their opponent harder b) the actual political system in the US that created all this issues for low-income people to begin with still hasn't changed at all So while I think Trump actually does have a better feeling for the core need of the people than the Democrats in this extremely important topic, he is obviously neither the right person nor using the right methods nor the right tone.
au Bernd 2025-09-18 12:30:11 No. 10997
After about a week of not doing it I end up getting wet dreams so for cleanliness reasons I avoid that.
au Bernd 2025-09-18 12:30:44 No. 10998
Wrong thread lol
de Bernd 2025-09-18 12:45:41 No. 11000
>>10998 ...or the completely right thread!
fi Bernd 2025-09-18 12:58:51 No. 11001
>>10991 >An insane number of people in the US lives in objectively extremely precarious conditions USA has akeays been full of hobos and semi-homeless trailer dwellers, even in the best of times, and nobody has ever given two sharts in a mart about it
de Bernd 2025-09-18 22:27:39 No. 11119
>>11001 I'm talking about normal people. 75% of American workers are now struggling to pay for anything beyond their basic needs. Nearly half of Americans couldn't afford to go on vacation in the last two years.