Trump to back off China tariffs

[Tanko]

The value of the dollar is another aspect.

And if we keep it up, and let the dollar crash, we risk losing it as the world's reserve currency.

We don't want that, trust me.

What's been interesting is that BTC is rising as the dollar slumps. I guess BTC still is a safe haven to weather the storm sometimes. Prior to the dollar's slump, BTC seemed to be trending (not exactly but similarly) with stocks. Now, its showing more tendencies to be like gold.

 

[KVB]

Remember when Saddam Hussein said he wouldn't take dollars for oil and wanted other currencies?

How'd that work out for him?

We took him down claiming WMDs.

This is serious shit and we are willing to go to real war over it, not just trade war, which actually is real war but I'm guessing most don't realize that.

 

[KVB]

What's been interesting is that BTC is rising as the dollar slumps. I guess BTC still is a safe haven to weather the storm sometimes. Prior to the dollar's slump, BTC seemed to be trending (not exactly but similarly) with stocks. Now, its showing more tendencies to be like gold.

BTC sure seems to be decoupling form some of those indices.

It pretty much has it's own plan and as an asset manager I would advise holding some crypto overall but I wouldn't see it as a sector to rotate into or out of in any give curcumstance.

At least not yet.

 

[Tanko]

BTC sure seems to be decoupling form some of those indices.

It pretty much has it's own plan and as an asset manager I would advise holding some crypto overall but I wouldn't see it as a sector to rotate into or out of in any give curcumstance.

At least not yet.

With the disjointed messages coming from the WH, its tough to make any type of long-term call on investing direction. Sitting on the sideline since December for the most part, waiting until things settle down and we get some direction on economy/tariffs/china....

The crypto I'm holding is long-term hold for me. Might dump a very small piece now and then when we see jumps but, mainly HODL (slight exaggeration).

 

[edawg]

This issue is cost. The US economy is a major consumer economy. If we don't consume, shit hits the fan.

It's cheaper for us to kill the chicken here, ship it to China, then have them turn it into frozen nuggets, then ship it back to the US for sales than it is to make the frozen nugget here.

That won't change, unless we eliminate all regulations and start allowing child labor again.

There is a reality that people must face. An adjustment or change to that reality isn't as simple as some short term pain for the long term gain, some of those changes will be impossible.

What are the Chinese margins? So you will have to pay $200 bucks for American made New Balance instead of Air Jordan's? Small price to pay for a living working wage if you ask me. Trump tries to represent himself as a nationalist but the people around him and his decisions should tell everyone that he is no different than any other politician when it comes downt to it.

 

[KVB]

Small price to pay for a living working wage if you ask me.

Except that you just made up the $200 number, don't do that. Regardless, the impact of the prices rising like that could cause a depression it's important to keep the economy growing.

Like I keep saying, there's a right way, and there's a wrong way to go about this including targeting tariffs, shoes are probably not high on the list.

I'm not saying no manufacturing can come back to the US, shit there over three quarter of a million jobs added with the last President.

I'm just saying there is a reality and a limit to what can be done, especially in a reasonable amount of time. Trump said to avoid tariff costs by buying American made cars. There's no fukkin such thing and it's going to be very hard to make it that way. We put cars together here, but get parts from all over the place.

They need to pick and choose their battles, they're basically getting a third chance to do this.

You can't tank the dollar while going to war with one of the countries that can shit all over it.

If you want to reorganize the world trade order, trying to do it with a broad stroke and practically ceasing trade with US and China might get there, but the economic slowdown isn't worth it. The risks are too high.

They learned that, finally, and are likely adjusting their approach. Some things will get done, but even with deal after deal, and committment after committment, it will be interesting to see if some of these big companies will follow through with their commitments.

 

[KVB]

rump tries to represent himself as a nationalist but the people around him and his decisions should tell everyone that he is no different than any other politician when it comes downt to it.

Trump seems more and more to be a useful idiot for the architects of Project 2025. First time around they didn't expect to win, so didn't know what to do once they got there.

This time, they were prepared. But that doesn't mean they're all that good.

Trump may or may not be listening to advisors, and some adivors definitely gave bad advice, but there becomes a limit to what any of these guys can do, a real hard line that doesn't get crossed. There is one arbiter that makes the call to stop the folly and nobody can seem to violate it's authority.

That would the bond markets. They are what paused Liberation Day to begin with.

Again, there are actualy realities they have to face, regardless of their rhetoric.

 

[KVB]

, shit there over three quarter of a million jobs added with the last President.

I think this number was revised down, possibly more than once.

Point being, we can bring manufacturing back without fracturing the world's economy.

I can get you to comply with a bomb that blows up the block, but threatening your ring finger with a set of garden shears can probably get you to comply too.

 

[edawg]

He is backed by Tech, Pharma, and the Jewish lobby the only difference is the rhetoric.

 

[KVB]

He is backed by Tech, Pharma, and the Jewish lobby the only difference is the rhetoric.

Everybody wants regulations rolled back, so they'll back him. Lot's of other reasons too.

The only difference in any of it is that extremism seems to have seeped into mainstream, on all sides.

Those backers, and other ones, will always be the backers. I think you'll agree that never changes. They have a way of playing both sides to get what they want. Trump put the White House up for sale, that hasn't happened so blatantly in the past but is probably worth noting.

But in the end, it's a global village and economy now, the bankers and the globalists have no problem with that and they tend to get what they want.

 

[KVB]

But in the end, it's a global village and economy now, the bankers and the globalists have no problem with that and they tend to get what they want.

Brexit was push back, a well campaigned push back.

Steve Bannon is you're guy, @edawg . He recognizes that you have to pracitcally tear down the system to rebuild it.

His work really did start a worldwide pushback. He recogniozes that the EU must go, and look at how this admin has treated them. His fingerprints are all over what's going on now.

He started the big stuff though, proving he could get Ted Cruz elected, then Brexit, then Trump.

Bannon and the Cambridge Analytica data use put it all in motion, with the help, of course, of Facebook.

Bannon an interesting fella.

 

[stormtrooper8]

What's been interesting is that BTC is rising as the dollar slumps. I guess BTC still is a safe haven to weather the storm sometimes. Prior to the dollar's slump, BTC seemed to be trending (not exactly but similarly) with stocks. Now, its showing more tendencies to be like gold.

Pretty sure crypto is trending similar to stocks