Too late.
China, Korea and Japan are already cooperating and they are not huge fans of each other. Nice job Trump. And Australia will inevitable be pushed closer to China. Scary but China is far more stable and predictable than a trump led US.
The Trump Presidency : Part 2
- Thread starter The Boy
- Start date
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In the latest episode of the United Hour Podcast, Nik @Rood and Ashwin @AR87 are here to discuss two "on-paper" not great results for United over the last week, but are there positive signs of progress despite what the ex-United pundits are saying?
They also preview the big game Europa League game against Lyon.
China, Korea and Japan are already cooperating and they are not huge fans of each other. Nice job Trump. And Australia will inevitable be pushed closer to China. Scary but China is far more stable and predictable than a trump led US.
10% tariff on golden showers. Allegedly.
Some people really are beyond gullible:
https://www.detroitnews.com/story/b...tariff-unveiling-white-house-uaw/82782972007/
Let me take two paragraphs but flip them around to emphasize the irony:
"They really suffered gravely," Trump said of the unionized auto workers on hand. "They watched in anguish as foreign leaders have stolen our jobs, foreign cheaters have ransacked our factories and foreign scavengers have torn apart our once beautiful American dream."
And:
Trump brought his go-to Michigan auto worker up to the podium, shouted out a group of United Auto Workers union members in the audience, and credited his administration's trade policy for spurring billions of dollars of U.S. investment from companies like General Motors Co., Hyundai Motor Co. and Vitale's old employer, Stellantis NV.
Let's start with the only fully American company: GM. Downsized its headquarters, laid off 1,000 salaried employees and had to scale back some of its production. Cut profit sharing for many of its employees under the guise of performance management but clearly designed to push more out, etc. But hey they *said* they want to invest 60 billion. Remember, same GM that had to be bailed out before. Also a company that does much of its production outside of the union heavy environment of Michigan.
Then there is Hyundai- a ...oh wait ...foreign company. A company that stays far away from Michigan including its recent investment announcement that was years in the making regardless of Orange man. Where does Korean money ultimately go after paying Americans down South way less than their brethren up north? Ah right
Then there is the shit show of Stellantis. A company with its corporate headquarters in the Netherlands and ran into the ground by their idiotic decision making since the introduction of Fiat/Alfa Romeo into the fold which.. oh right is Italian. Great American company. A company that has so many QC control issues and so many cars sitting unsold resulting in thousands of layoffs and idling of plants after also completely mismanaged EV investment on top of it. A company that has long been rumored to want to move its entire business out of the state of Michigan after downgrading the Jeep/Chrysler/Dodge/RAM HQ in the US as secondary headquarters. And you know what - this may just be the extra motivation they need. I can however also see it happening that US investors will try to separate the American brands as its own company again.
I can't even ....
The only possible way this even have a minute chance of working out well for those UAW guys in the article is if Trump does exactly what he accuses others of and that is increasing the amount of corporate welfare we already have a history of. Hey let's put all your trust in a guy who doesn't believe in paying fair wages, or paying for anything really - and hates unions. It ll work out great.
https://www.detroitnews.com/story/b...tariff-unveiling-white-house-uaw/82782972007/
Let me take two paragraphs but flip them around to emphasize the irony:
"They really suffered gravely," Trump said of the unionized auto workers on hand. "They watched in anguish as foreign leaders have stolen our jobs, foreign cheaters have ransacked our factories and foreign scavengers have torn apart our once beautiful American dream."
And:
Trump brought his go-to Michigan auto worker up to the podium, shouted out a group of United Auto Workers union members in the audience, and credited his administration's trade policy for spurring billions of dollars of U.S. investment from companies like General Motors Co., Hyundai Motor Co. and Vitale's old employer, Stellantis NV.
Let's start with the only fully American company: GM. Downsized its headquarters, laid off 1,000 salaried employees and had to scale back some of its production. Cut profit sharing for many of its employees under the guise of performance management but clearly designed to push more out, etc. But hey they *said* they want to invest 60 billion. Remember, same GM that had to be bailed out before. Also a company that does much of its production outside of the union heavy environment of Michigan.
Then there is Hyundai- a ...oh wait ...foreign company. A company that stays far away from Michigan including its recent investment announcement that was years in the making regardless of Orange man. Where does Korean money ultimately go after paying Americans down South way less than their brethren up north? Ah right
Then there is the shit show of Stellantis. A company with its corporate headquarters in the Netherlands and ran into the ground by their idiotic decision making since the introduction of Fiat/Alfa Romeo into the fold which.. oh right is Italian. Great American company. A company that has so many QC control issues and so many cars sitting unsold resulting in thousands of layoffs and idling of plants after also completely mismanaged EV investment on top of it. A company that has long been rumored to want to move its entire business out of the state of Michigan after downgrading the Jeep/Chrysler/Dodge/RAM HQ in the US as secondary headquarters. And you know what - this may just be the extra motivation they need. I can however also see it happening that US investors will try to separate the American brands as its own company again.
I can't even ....
The only possible way this even have a minute chance of working out well for those UAW guys in the article is if Trump does exactly what he accuses others of and that is increasing the amount of corporate welfare we already have a history of. Hey let's put all your trust in a guy who doesn't believe in paying fair wages, or paying for anything really - and hates unions. It ll work out great.
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Building hotels isn't what the word genocide means.
Exactly that.
Putin must be feeling good about life today.
We can say whatever we want around how much of an idiot he is, but there is someone around him who is incredibly gifted at manipulating reality and presenting it in a completely false yet entitled believable and motivating way. Let’s be straight, it’s disgusting and repulsive and lying and manipulative, but how they seem to do it is pretty unique.
Turned the concept of net trade into a way to make it appear like countries are charging them, and also in a way that pulls on the patriotic strings of ill informed Americans.
Net trade, by the way, which was very much likely driven by American companies. Again, we talk about tariffs at a country level as countries decide tariffs but fundamentally importing and exporting is businesses within those countries. Therefore in reality, it’s American businesses that have consistently chosen to buy or manufacture abroad. Now, you could argue that’s because those countries create policies that make the products and costs cheaper for companies there. And that is true - and that is where a well designed tariff can actually help to protect your economy somewhat. But - there’s many other reasons why things might be cheaper - cost of labour and cost of living being the key which makes those locations inherently cheaper. They can’t be undone.
So the question becomes, what do American companies do? Do they invest huge sums of money in the US to move back lots of processes because, now that tariffs are in place, it becomes more effective to process at home? Or do they simply pass on the cost, knowing that in 4 years there’s a decent chance these tariffs in some part would be withdrawn? Probably somewhere in between.
What this also doesn’t consider is all the jobs that import / export relationship generates. Both locally and abroad. Nor does it consider that globalisation allows economies to flourish at what they do best and bring in what they can’t do so well for whatever reason (be it cost or something else).
Everything will get more expensive though, that much is for certain. And likely globally. And so, you can be sure that when this all crumbles, Trump and his cronies will be ready to blame everyone else.
This is all obviously an over simplification too. The reality s global trade is complex and there will be lots of other knock on effects.
Turned the concept of net trade into a way to make it appear like countries are charging them, and also in a way that pulls on the patriotic strings of ill informed Americans.
Net trade, by the way, which was very much likely driven by American companies. Again, we talk about tariffs at a country level as countries decide tariffs but fundamentally importing and exporting is businesses within those countries. Therefore in reality, it’s American businesses that have consistently chosen to buy or manufacture abroad. Now, you could argue that’s because those countries create policies that make the products and costs cheaper for companies there. And that is true - and that is where a well designed tariff can actually help to protect your economy somewhat. But - there’s many other reasons why things might be cheaper - cost of labour and cost of living being the key which makes those locations inherently cheaper. They can’t be undone.
So the question becomes, what do American companies do? Do they invest huge sums of money in the US to move back lots of processes because, now that tariffs are in place, it becomes more effective to process at home? Or do they simply pass on the cost, knowing that in 4 years there’s a decent chance these tariffs in some part would be withdrawn? Probably somewhere in between.
What this also doesn’t consider is all the jobs that import / export relationship generates. Both locally and abroad. Nor does it consider that globalisation allows economies to flourish at what they do best and bring in what they can’t do so well for whatever reason (be it cost or something else).
Everything will get more expensive though, that much is for certain. And likely globally. And so, you can be sure that when this all crumbles, Trump and his cronies will be ready to blame everyone else.
This is all obviously an over simplification too. The reality s global trade is complex and there will be lots of other knock on effects.
Well if they have no population then Freedom Inc. will take them over. They can be the 53rd state after Canada and Greenland.10% tariffs on Australian Islands that have no population, no imports and no exports.
This is incredibly simple. Trump is an economic idiot. He bankrupted casinos. He had to shift schools because he couldn't pass undergrad. At some point decades ago he started liking tariffs, but it didn't matter. Now it does matter, and he has so securely surrounded himself by yes men that no one can stop this illiterate fool from doing whatever he wants.
What percentage of Trump voters would have told you before the election - of course he won't do tariffs, he's not an idiot, it's just Trump? 5%? 10%? Certainly enough to lose the election.
But this is where we are. How long til someone stands up?
What percentage of Trump voters would have told you before the election - of course he won't do tariffs, he's not an idiot, it's just Trump? 5%? 10%? Certainly enough to lose the election.
But this is where we are. How long til someone stands up?
Hopefully he tanks the American economy to such an extent that even the idiots start to realize he's an idiot.
Can someone ELI5 this tariff shit?
Imagine we’re both sex shop owners in different counties. You sell dildos and I sell vibrators. Over time we have realised our customers like to purchase both and are unhappy to have to go to two different shops for their carnal needs. We decide to come to an agreement by where I sell you vibrators, and you sell me dildos, which we can then sell in our shops.
You start to get upset that your customers prefer my technologically advanced love aides. This means I only buy 10 dildos a week from you at a cost of £25, yet you buy 20 vibrators from me at a cost of £60. Every week you lose £35 from your books into mine. For some reason, this makes your land baron of landlord angry.
To redress this balance, the landlord of your shop tells me to go feck myself with my vibrators and charges you a premium of £10 on your rent for every time you buy £30 worth of vibrators from me. So it now costs you £80 to buy the same amount of vibrators. You now have to put the price up of both your dildos and vibrators to offset this cost, and potentially buy fewer.
Your landlord somehow thinks all our customers and ourselves getting fecked with our own products at an increased cost is somehow good.
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Surely they're just playing the stock market or some such. I'm sure Trump himself is this much of an idiot, but the leeches around him surely aren't?
20% seems much less than I was expecting. Not nothing, for the EU, of course, but only really hitting hard on goods like cars and so on? I look at agriculture and the high prestige commodities do not seem like they'll suffer to me.
Obviously none of this is needed at all but it seems to me designed, stupidly, to punish the Asiatic risers (it won't work). Cost of living in the US will just rise.
Obviously none of this is needed at all but it seems to me designed, stupidly, to punish the Asiatic risers (it won't work). Cost of living in the US will just rise.
We can only dream. Alas, I think the MAGA cult will guzzle down anything he tells them. He'll probably blame the EU and China when they retaliate and say it's all their fault. Or Mexico and Canada when they work out the exact tariffs on them.
Threadmark this beauty.
Watching those pee pee tapes and laughing like a Bond Villian I'd say.
Trump doesnt care about bankrupting companies, or his country, in fact I believe he's fully intent on weakening the dollar and believes in doing so will burn the rest of the world economies. The main thing for Trump is as it is with all grifters, is how can he line his own pockets. Short term personal gain at the expense of others has and always will be his goal. He has no fear of fraud or bankruptcy and now the rule of law, because the stupid laws that protects the rich and powerful means debt, illegal actions and bankruptcy can be profitable.
Hating him, loving him, it's all the same to him. We are all marks to him as long as he is getting an emotional reaction out of us is all that he needs.
It's the stupidity of all of us that angers me more, that allows for the elite to rule over us, play their games for their own profit while it literally leads to death and suffering of the majority. The adage of there's 2 classes, those who rule and those who are ruled is in full power. The fact we've let this idiotic wankstain become the zenith of it all angers me even further.
Were well on our way to the worst financial crisis ever and it will only empower these pricks more.
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Bingo….as I respond from my iPhone (even if they’re assembled elsewhere!)
“Only the best people”, indeed.
Turns out this was fake news with Japanese embassy in full denial
And the worse part is even if the tariffs are withdrawn in the future the prices will not fall back to where they were. We know this from what happened during and after Covid.
Part of me is intrigued by how this will play out. Americans can't say they didn't know what they were buying.
Yet China and elsewhere saying that is exactly what they want to do.
I'm sure they can.
Hopefully the majority of Americans who voted these clowns in are starting to realise what idiots they are. If they haven't, they will soon when inflation hits them hard.
They will just blame Hunter Hilary Biden, or Pelossi Schemer or whoever.
The next president after Trump will have a lot of damage control to do, not just within America but to mend their relationships with many countries.
Economies also have a pretty large turning circle while prices have not. Companies can't just snap their fingers and double their production facilities. Workers need to be trained and even before that, you need to find people who want to do the jobs you bring back into the country. So even if it works, you have a significant transition period in which everything will be more expensive but the jobs won't be there yet.
With a bit of luck, this has the potential to break Trump's neck. Not everybody who voted him is a MAGA idiot, many are just idiots who thought he'd improve their financial situation and now he's going to do the exact opposite.
The focus people put on the "hotel" aspect is good evidence that for many, Trump's greatest sin is being tacky.
Intrigued, sure. But this is going to hurt the entire world. Couldn't they stick to fecking up their own country?
There is a 50-50 chance of the republicans winning every 4 years.. Not sure which country (other than Israel and Russia) is trusting US as a long term ally anytime soon..
He made the chain of events that lead to this so painfully obvious that I hope he finally could have underestimated the intellect of his voters.
It kind of went under the radar but on his first day he announced the creation of the External Revenue Service.