Politics All Things Trump

[primer]

I did. And in my line of work I sell to them and I visit them. In Central Europe they still rely on a lot labor force and few are highly automated although I know this is coming...and when that happens it will level the playing field in labor costs but will require very few blue collar workers.

I used to live in the horse age, back blocks NZ. I loved hard work but then all I've know is extraordinary improvements and am sure I'd be a wreck like they all were worn out before 60 and I didn't even see half of what they did. Clear felled and broke in with basic primitive equipment. But these days its a joy to use these new tools and output is rediculously better though requires one man working and many observers..they would not stand for that. There would would be blood shed if they saw this shirking class we have now. But I mean a man on a digger compared to that... never go back.

 

[Telmar]

I used to live in the horse age, back blocks NZ. I loved hard work but then all I've know is extraordinary improvements and am sure I'd be a wreck like they all were worn out before 60 and I didn't even see half of what they did. Clear felled and broke in with basic primitive equipment. But these days its a joy to use these new tools and output is rediculously better though requires one man working and many observers..they would not stand for that. There would would be blood shed if they saw this shirking class we have now. But I mean a man on a digger compared to that... never go back.

I follow you on the working values that existed back then. People did hard things and condidered it to be an honor. In ex communist countries, the industrial worker was a hero with a meager salary and a broken back but many advantages, the least not being that the auhtorities made clear the country moved because of him and not some guy stamping documents in an office.

 

[Mike1976]

Then again I'm talking to guys that think crashing the stock market and pushing the US into a recession is a master stroke.

The idea being that lowering the value of the dollar reduces the interest on national debt.

I cancelled the insurance on my house, then burnt it down to save on fixed expenses, upkeep and property taxes by lowering the value by 80%. I am by the logic of Trumponomics a genius

If the numbers from non-partisan sources are correct DOGE has so far found approximately $130B in wasteful spending. While not nothing it's a drop in the bucket on an expenditure of $6.7T. They need money fast and they want the rest of the world to pay for their reckless spending. If you want to balance the books there is a really easy solution: spend less.

 

[Hiryu2.0]

 

[Hiryu2.0]

FAFO--

 

[PEMM]

Scott Bessent is a pretty smart guy, I think.

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No-one has tariffs like these set up by the US, you know this.

People/companies are going to have less money to spent on buying goods, with these taxes (called tariffs) imposed on them. Socialism rarely is good for trade.

This is what these tariffs are, a way to increase taxes to patch up the deficit, in a way that people don't seem to understand that their taxes got increased... Of course the protectionism also pay part, but they are counting on it taking years for any factories making it to the US.

It's ingenious in a way. Instead of having VAT that applies to all products, you have the same only applied to imports, protecting your own industries.

 

[Chazman]

This is happening folks, it doesn't matter who doesn't like it. Trump doesn't care. It's a reset of the global economy, in that American dollars will stay (more or less) in America. It's a declaration to the CCP, that the world as you knew it is over. Did Xi sleep last night? Doubt it.

 

[Chazman]

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[PEMM]

I don't see other countries setting up tariffs for each other. So the global trade will continue. You are just taking yourselves out of it.

I really don't get this woke-style victimization narrative. But it seems to work on the electorate.

 

[Chazman]

I don't see other countries setting up tariffs for each other. So the global trade will continue. You are just taking yourselves out of it.

Tariffs exist. Or are you saying they have only been against the US for 80 years? The US market is the largest on the planet. Whether foreign companies want a piece of that is to be determined.

 

[PEMM]

Tariffs exist. Or are you saying they have only been against the US for 80 years? The US market is the largest on the planet. Whether foreign companies want a piece of that is to be determined.

What are the current tariff rates? Surely you're not referring to the insanity on Trump's charts?

Having percent here and there, like they currently are between the countries, is not that big of a deal.

And the EU and China, both are on par with the US. Rest of Asia is also a huge market.

I expect cheaper Chinese products to flood European markets soon.

 

[Mike1976]

What are the current tariff rates? Surely you're not referring to the insanity on Trump's charts?

They're not insanity, they're "alternative stats" for when reality doesn't suit your political goals

 

[Chazman]

They're not insanity, they're "alternative stats" for when reality doesn't suit your political goals

A very smart person once said: "Take Trump seriously, not literally". This is happening and I'm willing to give it the time and space it needs.

 

[Chazman]

Mr. Wonderful.....

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[primer]

Yeah but as you noted its not just China. Veitnam and the rest. The same thing.
Fluff noted 4% uneploed but they also went from making stuff to stacking shelves. Manufacturing pays way better for an economy and double it if thats not imported. Crazy world of free trade .. a suckers game as it shows in German manufacturing. Its made elsewhere. Aussie polititians spat on their industry and still do. Take away their minerals though and they would be broke. Same with us without the rain.

 

[Chazman]

Yeah but as you noted its not just China. Veitnam and the rest. The same thing.
Fluff noted 4% uneploed but they also went from making stuff to stacking shelves. Manufacturing pays way better for an economy and double it if thats not imported. Crazy world of free trade .. a suckers game as it shows in German manufacturing. Its made elsewhere. Aussie polititians spat on their industry and still do. Take away their minerals though and they would be broke. Same with us without the rain.

I did my part to support Aussie manufacturing. I still drive a Made in Australia car.

 

[Telmar]

Manufacturing jobs pay more because less people are required to make the same volume of production and the technical requirements are higher. The share of added value going to salaries stays the same but is divided in less people.

A Boeing worker makes more money than some guy sewing the upholstery of the seat. Because the added value is finishing the plane, not manufacturing its carpet.

Service jobs have always paid little...and AI is going to tear the middle level of some white collar jobs apart.

There are big questions for employment in the coming years. Things will even out but I don´t think the picture will look familiar in 30 years. Hanging on to the past is not a solution though.

 

[primer]

Germany example was the best of US yet the jobs go away. Reagan saying it will improve efficiency..proven incorrect, all it really proved is the lowest efficient international wage won.

 

[primer]

12 million US jobs go with automated truck drivers..seen this movie before. We were suppose to be living off krill acording to a group of experts. There are many fantacies that done't fully include human preference. The latest thing takes hold and the press mojority of whom have not had an actual life beyond left wing education report it.
Then again were are happy to us imported migration. So long as they stay over there and we cannot see it, hidden by borrowing.
12 mill on the streets all of a sudden may not get ignored.

 

[Telmar]

It´s important to distinguish manufacturing with manufacturing jobs. Manufacturing is strategic, especially at a certain level. Germany did very well until the price of energy exploded after the start of the Russian/Ukraine war and the recession in China. They sold high added value products all around the world, but had a supply chain reaching in cheaper central european countries for cheaper components that were labor intensive.

You can have a strong manufacturing sector with not that many jobs, and you can have part of your supply chain where the costs of components cannot be beat: and the price of these components are also crucial to your end product.