Myths that piss me off:
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"OMG, Stagflation like the 1970's!!" - no, back then the population pyramid was apeshit great because of all the Boomers entering the workforce and forming households. We're inverted now.
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"OMG, like Smoot Hawley Tariff Great Depression!!" - no, back then we were industrial and exported real shit like steel. Retaliation in Tariffs now is a joke. The reprecussions are laughable because the trade Imbalance is recockulous. (Ma' Soy Beans 😢)
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"OMG, Tariff Inflationary!!" - false. Inflation is a monetary phenomenon. Tariffs (like taxes) will cause deflation in the broader economy, as companies will have smaller margins on their overseas made garbage. Unless consumers have more money through printing AND paired with some sort of program to disperse the printed money (*conspiracy theorist never get that), and they won't, it will not generate inflation. It will reduce economic activity (much of which is bullshit) Bonus: food and energy prices are going to tumble.
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"US is cementing a Chinese century!!" - fuck that, they're markets crashed way harder than ours in the last few days. Historic level crashes. They're a derivative of our policy, and quite shitty and retarded without us providing naval security and buying their slave produced products. Their domestic issues with money printing, housing, malinvestment, and keeping people poor while simultaneously trying to switch to a consumer economy has been a clusterfuck. Don't believe any of the hype that this somehow makes them stronger and us weaker.
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"It's going to be the end of the dollar!!" - OMG, no, the dollar is going to strengthen as we decouple from this shithole world and collect more revenue to put towards our debt. You could argue Russia has been a forced trial balloon to prove out the decoupling scenario.
Not saying there's not going to be issues tearing down what has been a very fake-and-gay economic system... but these things are globalist propaganda.
People do misuse inflation. Inflation is strictly the expansion of the money supply via printing for fractional reserve lending.
Tariffs are not inflation, but they are a Federal Sales Tax. Remember when Biden was trying to get "unrealized gains" taxes to "tax the rich?" What's the one unrealized gain 60% of Americans have? Their house. Unrealized gains would have been a back door to federal property tax.
The tariffs are honestly pretty bad. Unless they're coupled with massive reduction in income tax (like at least $5k in returns for people earning $60k/yr individually), they're just a means of expansionism. Executive spending has gone up even with all the symbolic DOGE cuts (all the CIA stuff has just moved from USAID back to the State Department).
I think this is just a continuation of the planned demolition of the global economy. People on the right media are praising it cause Orange Man. TDS runs both ways, and the guy who staged his fake an gay assassination attempt with zero ear damage is going to dump a few billion into Israel while he moves the US to a CBDC and/or shitcoins.
Yes. Tariffs are a tax on consumption. That criticism is true.
They have to eliminate the income tax.
I expect that to happen (states are front running), but not for another year or two.
And my theory, like you said "housing"... They need people (Boomers) to sell their shit, so they can tax back all the fake gains, before they eliminate the income tax. I expect we'll see those "don't risk your retirement!" messages soon.
My parents actually complain about 20% interest rates in the 80s.
Imagine putting $10,000 into a savings account and getting $2000 at the end of the year. You could live the rest of your life on $200,000.
Yeah, dude, it only sucks if you've been programmed to be scumbag debtor...
Good points but you miss the part where the Fed and Wall Str. own the dollar. There's no decoupling going on - this is the heart of the fake and gay global economic system, the push for technocracy and globalization. They own your ass. There's no escape unless the fiat based usury system is completely dismantled and that ain't happening.
The only alternative is a decentralized finite open-source crypto like BTC but most conspiracytards think it's CBDC or the mark of the beast, because they've been overwhelmed the last several years (which is part of the plan of course).
We're decoupling which is going to strengthen the dollar, and they're going to pump out $Tether as a way for the rest of the world to ride with it.
Then we'll have Eurasia-Oceania-Eastasia situation where all are equally bad and in constant conflict that serves to justify tyranny, depop and austerity. Again, unless the masonic jewish central banks are annihilated there's no moving forward.