It’s not just in the news. My husband is a lawyer. He was on a training conference today. Part of it was about how the rule of law needs to be followed and society only works when it is. They then discussed how important it was to upkeep that using America as an example of a government no longer following rule of law. This wasn’t internet memes. This was senior legal minds discussing how American democracy is failing.
hitmyspot
joined 2 years ago
Sorry, I
Should have specified. These tariffs are designed to reduce supply. Tariffs of 125% are designed to get foreign sellers to abandon the market. That is what has happened reducing supply.
They are also triggering boycotts overseas, reducing demand.
You're thinking it's a zero sim game in terms of production and pricing, when elastic. When prices rise, outside of their control, producers seek other markets or produce different products.
The purpose of tariffs is to reduce supply, and allow local producers to increase costs without facing competition. So, supply will be affected, no matter what.
Add money with reduced supply and you get inflation. Already countries are looking to increase trade with each other in lieu of trade with the USA. China on particular has been talking to all the Asian producers to reassure and warn against demaking with the USA. They are now the trustworthy partner.
The recession is going to come from a loss of commodities. From a loss of trade, including the components essential for domestic production. Those prices are going to rise. Jobs will be lost. All the while, all exporters to the USA will increase their prices in response to USD fall on value so that their margins in their currency remain the same.
Sure, the falling dollar, in normal circumstances would make American products more attractive, but all other countries are now imposing tariffs on the USA in response. Some, like the EU, have not done it across the board, but they will ramp up. China and USA have effectively planned to cease trade. America doesn't have the high tech supply chain they need to compete with Chinese products internationally.
As the recession will lead to job losses, wages will have downward pressure, not up, like in every other recession.
The fact that you remain unwilling to listen and have made up your mind to remain I'll informed os a poor decision.
Oops.turns out trade wars have consequences. Boeing already has lost lots of orders due to reliability. Now they have a few billion of Chinese orders that likely won't be fulfilled.
Ugh, now they just know lots of ways to commit suicide and ended up damaged. Parenting is hard.
Firstly, the value of the dollar decreasing will increase the cost, in dollars, of all imports. The tariffs on top will add to this inflation.
Printing money doesn't automatically lead to inflation but in a recession environment where less is being produced, it certainly does. The quantitative easing and money printing workdwide, due covid, led to the crazy inflation we saw. Certainly supply was a problem, but a reduction in trade between 2 giant economies is also going to cause those kinds of bottlenecks.
Add loss of faith in the dollar and this multiplies. Trump is destroying the dollars purchasing power which leads to inflation. All the while he's killing jobs in public sector and private sector at the same time.
Yep, the switch was a great idea to bridge console and handheld. Once the technology is out and the steam deck is open, without subscription, without lock down, allowing all past purchases, etc. ; the console is dead.
No, we should call it pea mammry fluid from a different species.
My kids love drinking pea.
Haha, I've just kept the embarrassing pics (3-2-1 backed up) as blackmail material. They're still only 8 and 6, so not changing DNS yet, but when they do I'll be proud. I plan to make weak blocks and ramp them up as they learn to circumvent. Teach tech skills while allowing a drop feed of inappropriate content.
The bigger issue for me is how to teach them privacy when they have never experienced it.
Yes, all sex he has is transactional. He's not seducing anyone.
I get that. My point is that in arenas that have usually nothing to do with the USA, it's being talked about as fact that the USA is in a failed state at the moment.
It doesn't have the dramatics of things like 9/11 that changed the world irrevocably. However, it's a similar feeling for those not in the USA. The world has changed and won't be the same. You don't have to follow the news to be aware.