Wow, and here I was believing the only reason was that he didn't want to do it on April Fool's Day! (Kidding, kidding.)
We all know that nothing Trump-related is done without intention. I think its fair to say they wanted to give this tariff deadline/event some spiritual significance. There is also some definite subtext about "liberation" from our current [bullshit! Sorry, i sneezed] monetary system and the Federal Reserve bank.
I've been really keen to better understand the economic side of this whole thing lately: looking into President McKinley, the 'National Banks' created in the 1800s, how/why they ended, etc.
And wouldn't you know it, there just doesn't seem to be much on good ol' YouTube that offers a POSITIVE VIEW ON TARIFFS. I'm sure its because they never really work and just gum up a proper 'free trading' international market, eh? Just like I learned in all my Keynes-worshipping ECON classes in college.
😑😵
ANYHOW. In connection with this,
Scott Bessent's announcement on Maria's Sunday show yesterday morning was of vital importance. He once described the idea behind our tariff policy as a shrinking ice cube. I think world leaders are going to prefer getting warm and cozy with us, LOL.
Because the truth, ladies and gentlemen, is that DESPITE what the CNBC clowns and the rest of MSM want us to think....we can hit them A LOT HARDER than they hit us.
Foreign leadership will be falling over one another to see what's being offered, what they need to agree to and (of course) if they have room to negotiate. And believe you me, there WILL be much capitulating and gnashing of teeth, because reciprocal tariffs are THEIR WORST NIGHTMARE.
I like also how Bessent described it as a win-win: because either the whole international economic system is going to get much, much more fair to the American taxpayer, who have driven MUCH wealth gains abroad at their expense.
Or! The alternative, which they are too chickenshit to ACTUALLY go through with.
The Mockingbirds REALLY tried to gin up the horse patooey of "American consumers will bear the cost of tariffs" and they've succeeded in getting people nervous. Good for them, because that's the BEST they will do. Now let me explain why that is.
In reality there is elasticity of goods. To provide a quick visual, the elasticity is represented by the pitch of the line (demand) on your standard S-D graph. Some goods like gasoline are very inelastic i.e. you have to have it; there's no substitute good you can make due with. [This would look like a very vertical line or curve btw.]
But in most cases....
"Oh, Canadian steaks have tripled in price? Well then I'll just buy some cheaper Dutch hamburgers."
To add to that, the U.S. is probably the most sought after marketplace on Earth, which means we have MANY, MANY options as substitute goods in all kinds of categories. One nation's wares that sustain a dramatic price increase will NOT change life for Americans nearly as much as it will harm the economic output of the producer country and thus reduce quality of life for those folks.
I'll leave it here but I'm very hopeful for what the Trump administration has in store.
Coupled with the Lutnick Gold Card, which Trump says he thinks we can sell a million of at $5 million each (which would bring in $5 trillion) I think we have a great chance at not only blowing out the deficit interest payments out within 12 months' time, but ACTUALLY (gasp!) making payments on the U.S. debt and blasting off to a vibrant economic future that will be unbelievable.
Well, unbelievable for the Democrats anyway.
Thanks for reading along all. Godspeed 👍
edit: elasticity of demand for goods, to be clear.
A WHOLE lotta braincells went into this scribe and it is a well thought out piece of what the tariffs are going to accomplish NOT do...PDJT is LOOKING at the Accomplishment side and OOOOOH BBBBOY!!!!!
Guess there's going to be some bank accounts being drained before too long...🤣🤣
I really like how you distinguished between what they will "do" vs. what they will "accomplish"
He (PDJT I mean) has already noted and I tried to reiterate that there isn't going to be ZERO pain on our end when this all plays out.
Its just that the differences in magnitude are going to be major. Like for example, I saw eggs in the store a couple times last month. I didn't buy them, so I couldn't make my homemade quiche.
BUT! My girlfriend picked up a Whole Foods brand Bacon & Onion quiche at work for like $13 versus the $9 it would have cost to buy the dozen eggs, and I use at least half a dozen for my version...
And so all was right with the world, and now that eggs are closer to $4.99 again (I've heard) I will probably buy some good local XL brown ones for $7-8 or so, if they aren't all gone or whatever.
Now imagine that eggs are a critical product for the nation of ..err... Carneyda. Its a made up place. 😆😉
So "Carneyda" gets $700 million in sales of their eggs to the USA every year. But NOW they fight and have a reciprocal tariff slapped on their eggs that we import.
Let's say they had XL brown ones like I prefer, at a 6.50 price point. Now with the added tariffs they are $11. So what happens?
CARNEYDIAN egg sales crash by 35% in just a month, and they are looking at bringing in just $455 million in egg sales this year. A few folks love them so much they keep buying, but most Americans just switch to a lower quality, cheaper XL brown egg.
I am trying to show with this example that not even ALL eggs have seen a price hike. Even if we said that Carneyda produced ALL AVAILABLE brown eggs, we could just buy white ones, right? Even if they had the entire egg shelf the grocer might find some cheaper eggs from a producer it hadn't worked with before.
And of course you could just SKIP THE EGGS like I did. 😀
Our options are practically LIMITLESS for most normal goods. Sure, there WOULD be certain cases when a resource (like rare earth metals) has few or no substitutes - but again, how much does that hurt? Maybe you can't buy a cell phone for a while. Whoop dee.
Meanwhile their house is on fire. They are bleeding revenue and jobs like crazy. It's the difference between scraping your knee and a knee contusion LOL.
Carneyda is taking almost all of the pain whereas it's mostly an inconvenience to us.
So that's why what tariffs do in the short term will be so trivial compared to what the goal of using them will be.
I also eat the brown eggs (once a week-Sundays) and buy bacon from the local butcher and OOOOH MY...COOK IN A CAST IRON SKILLET and that is one VERY GOOD Breakfast!!!!
How much of the national debt that can be attributed to the fiat currency of the Fed, waste fraud, or abuse? I firmly believe a debt jubilee for public and private debt is the only remedy.
crypto crypto crypto crypto crypto crypto crypto crypto crypto crypto
JK, we're bringing back the coinage act. Convert your metals to crypto 1:1 for transactions and online purchases. Oh you don't have any metal? Here's an online course on sound money, a stimi check, and a donut.
Wow, and here I was believing the only reason was that he didn't want to do it on April Fool's Day! (Kidding, kidding.)
We all know that nothing Trump-related is done without intention. I think its fair to say they wanted to give this tariff deadline/event some spiritual significance. There is also some definite subtext about "liberation" from our current [bullshit! Sorry, i sneezed] monetary system and the Federal Reserve bank.
I've been really keen to better understand the economic side of this whole thing lately: looking into President McKinley, the 'National Banks' created in the 1800s, how/why they ended, etc.
And wouldn't you know it, there just doesn't seem to be much on good ol' YouTube that offers a POSITIVE VIEW ON TARIFFS. I'm sure its because they never really work and just gum up a proper 'free trading' international market, eh? Just like I learned in all my Keynes-worshipping ECON classes in college.
😑😵
ANYHOW. In connection with this,
Scott Bessent's announcement on Maria's Sunday show yesterday morning was of vital importance. He once described the idea behind our tariff policy as a shrinking ice cube. I think world leaders are going to prefer getting warm and cozy with us, LOL.
Because the truth, ladies and gentlemen, is that DESPITE what the CNBC clowns and the rest of MSM want us to think....we can hit them A LOT HARDER than they hit us.
Foreign leadership will be falling over one another to see what's being offered, what they need to agree to and (of course) if they have room to negotiate. And believe you me, there WILL be much capitulating and gnashing of teeth, because reciprocal tariffs are THEIR WORST NIGHTMARE.
I like also how Bessent described it as a win-win: because either the whole international economic system is going to get much, much more fair to the American taxpayer, who have driven MUCH wealth gains abroad at their expense.
Or! The alternative, which they are too chickenshit to ACTUALLY go through with.
The Mockingbirds REALLY tried to gin up the horse patooey of "American consumers will bear the cost of tariffs" and they've succeeded in getting people nervous. Good for them, because that's the BEST they will do. Now let me explain why that is.
In reality there is elasticity of goods. To provide a quick visual, the elasticity is represented by the pitch of the line (demand) on your standard S-D graph. Some goods like gasoline are very inelastic i.e. you have to have it; there's no substitute good you can make due with. [This would look like a very vertical line or curve btw.]
But in most cases....
"Oh, Canadian steaks have tripled in price? Well then I'll just buy some cheaper Dutch hamburgers."
To add to that, the U.S. is probably the most sought after marketplace on Earth, which means we have MANY, MANY options as substitute goods in all kinds of categories. One nation's wares that sustain a dramatic price increase will NOT change life for Americans nearly as much as it will harm the economic output of the producer country and thus reduce quality of life for those folks.
I'll leave it here but I'm very hopeful for what the Trump administration has in store.
Coupled with the Lutnick Gold Card, which Trump says he thinks we can sell a million of at $5 million each (which would bring in $5 trillion) I think we have a great chance at not only blowing out the deficit interest payments out within 12 months' time, but ACTUALLY (gasp!) making payments on the U.S. debt and blasting off to a vibrant economic future that will be unbelievable.
Well, unbelievable for the Democrats anyway.
Thanks for reading along all. Godspeed 👍
edit: elasticity of demand for goods, to be clear.
MVP comment and an absolutely delight to read, I hereby declare you King Frog for the day 💚🐸
Oh gosh, wow. Thank you for those kind words, fren. Very happy that you enjoyed the read!
I, of course, would so humbly decline such an award, but since it would be rude to refuse a gift....
::yelling can be heard from within a double-wide trailer::
"Hot damn, baby! Come check this out, ain't that some cool sheeit!?!"
😆🤣🐸
Thank you, again.
A WHOLE lotta braincells went into this scribe and it is a well thought out piece of what the tariffs are going to accomplish NOT do...PDJT is LOOKING at the Accomplishment side and OOOOOH BBBBOY!!!!!
Guess there's going to be some bank accounts being drained before too long...🤣🤣
I really like how you distinguished between what they will "do" vs. what they will "accomplish"
He (PDJT I mean) has already noted and I tried to reiterate that there isn't going to be ZERO pain on our end when this all plays out.
Its just that the differences in magnitude are going to be major. Like for example, I saw eggs in the store a couple times last month. I didn't buy them, so I couldn't make my homemade quiche.
BUT! My girlfriend picked up a Whole Foods brand Bacon & Onion quiche at work for like $13 versus the $9 it would have cost to buy the dozen eggs, and I use at least half a dozen for my version...
And so all was right with the world, and now that eggs are closer to $4.99 again (I've heard) I will probably buy some good local XL brown ones for $7-8 or so, if they aren't all gone or whatever.
Now imagine that eggs are a critical product for the nation of ..err... Carneyda. Its a made up place. 😆😉
So "Carneyda" gets $700 million in sales of their eggs to the USA every year. But NOW they fight and have a reciprocal tariff slapped on their eggs that we import.
Let's say they had XL brown ones like I prefer, at a 6.50 price point. Now with the added tariffs they are $11. So what happens?
CARNEYDIAN egg sales crash by 35% in just a month, and they are looking at bringing in just $455 million in egg sales this year. A few folks love them so much they keep buying, but most Americans just switch to a lower quality, cheaper XL brown egg.
I am trying to show with this example that not even ALL eggs have seen a price hike. Even if we said that Carneyda produced ALL AVAILABLE brown eggs, we could just buy white ones, right? Even if they had the entire egg shelf the grocer might find some cheaper eggs from a producer it hadn't worked with before.
And of course you could just SKIP THE EGGS like I did. 😀
Our options are practically LIMITLESS for most normal goods. Sure, there WOULD be certain cases when a resource (like rare earth metals) has few or no substitutes - but again, how much does that hurt? Maybe you can't buy a cell phone for a while. Whoop dee.
Meanwhile their house is on fire. They are bleeding revenue and jobs like crazy. It's the difference between scraping your knee and a knee contusion LOL.
Carneyda is taking almost all of the pain whereas it's mostly an inconvenience to us.
So that's why what tariffs do in the short term will be so trivial compared to what the goal of using them will be.
I also eat the brown eggs (once a week-Sundays) and buy bacon from the local butcher and OOOOH MY...COOK IN A CAST IRON SKILLET and that is one VERY GOOD Breakfast!!!!
I not only like the way you think,
I like the way you cook too! Hear hear!
Sorry my response took a while, I posted it before I finished it accidentally 😆
NOT a problem!!!!!!
Glad that there's others that like to cook the "OL FASHION WAY"!!!!!
Learned it from my Grandmother was a FULL CAJON LADY!!!!! OOOOOH MY...The Gumbo she would make was better than any restaurant around!!!!!
How much of the national debt that can be attributed to the fiat currency of the Fed, waste fraud, or abuse? I firmly believe a debt jubilee for public and private debt is the only remedy.
July 4th = Independence from tyranny of the crown
April 2nd = Independence from tyranny of the bank
Remember, remember the 2nd of April.
July = 7
April = 4
7+4+4+2 = 17
https://x.com/GhostCypher04/status/1903896578408296756
Buy bitcoin
Here we go in just over a week!
I have never used grok3 or any of the ai for research, where do I start?
If you have a Twitter account, it free up to 15 questions in 2 hours. It's a reverse Q looking symbol on the side bar.
Thank you
I keep getting suspended on X
W O W
Alright crypto shills, where y'all at? All the times me and others got scorned over TRYING to tell you this would happen?
crypto crypto crypto crypto crypto crypto crypto crypto crypto crypto JK, we're bringing back the coinage act. Convert your metals to crypto 1:1 for transactions and online purchases. Oh you don't have any metal? Here's an online course on sound money, a stimi check, and a donut.
Lol, I don't see the cryptoshills screeching yet. Surprising seeing how many times I told them this event would occur
Great job!
I won't get my hopes up, but this surely does seem like the new financial/money system is just about ready to get the GO order!
The end of bimetallism led to the “cross of gold” wherein there isn’t enough gold to circulate as money and so paper money is inevitable.
The “cross of gold” exacerbated the banking crises, which was the impetus for the creation of the fed.
And the creation of the fed led to one score and a century of non stop war and economic decline.