The case FOR #tariffs - in one article: zerohedge.com/markets/your-disβ¦#Billionaires (other than #Trump, it seems) have a difficult time answering questions like βWhat happens when we run out of middle #American towns to gut?β and βHow has your quality of life been negatively #impacted by #monetary policy over the last 20 years?β
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The reason they canβt answer these questions is because they donβt have any idea. Monetary policy helps them accrue more #wealth and #power, and they donβt live in middle #America. But if you take a trip to a place like Flint, Michigan, or Bethlehem, Pennsylvania, the answers to these questions become a lot clearer.
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The direction the country was heading in monetarily and fiscally was simply #unsustainable. #Deficits too big. #Debt skyrocketing against #GDP. #Wealthgap accelerating. Drug and alcohol addiction ravaging cities.
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We were walking a path that decimated the lives and the purchasing power of the people who need it most and took American #jobs away from people who needed them the most.
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Worse off, it made the United States #dependent on adversaries like #China to simply go about our day-to-day. When global supply chains were cut off during #COVID, it was obvious that our quality of life was 100% dependent on #imported goodsβeverything from consumer electronics to clothing to the ingredients used in pharmaceuticals.
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Recalibrating the country away from being dependent on adversarial nations is not a simple and inconsequential thing to do. On the contrary, itβs about as consequential of a decision as we can possibly make, alongside of trying to get our fiscal house as a nation in order.
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Consequential means #change. Change means #discomfort. Discomfort requires #courage. On a positive note, to me, it seems like the first time our government has taken more than a 10-day outlook on the future of our nation.
#Independence #Liberty #economics #globalismYour Discomfort Means It's Working
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zeroTyler Durden (www.zerohedge.com)
like this
Nanook
in reply to βπ πππ • — (Shoreline, WA, USA) •like this
mudflap and βπ πππ like this.
Digit
in reply to βπ πππ • • •cost of living, already higher than income, and then the gov come insisting i pay back over a fifth of what they gave saying that was how much i needed to live.
then, we're told, blame the other. yeah, lets blame each other, rather than those responsible. maybe that'll help.
.... y'know we coulda had spaceships each, since the 1930s?
Nanook
in reply to βπ πππ • •and be productive.
cranston- likes this.
Digit
in reply to βπ πππ • • •The welfare system (at least where I am) seems intentionally harming people and keeping them dependent. Makes one wonder where are all the incentives for that kind of corruption to arise. ... Obviously harm & dependence are the polar opposite of what it's supposed to do, to support people back into independence. Makes it seem like someone's profiting from keeping a flock of feebles around... and using them as a political football
(not least as a handy "other" to drum up hate for... a rather tragic and cruel example of the "wants your cookie" satire, eh? Especially when people fall for it, not realising that's their own safety net they're attacking, at the bequest of the sharks).
Money where there's constriction on the economy from impoverishment's a strong, vital, essential PART of the solution. Those who go full-bore dogmatic on UBI (as the sole remedy for all things) creep me out. Scary thing to have in the hands of dogmatists and totalitarians... the economy and all our resources and people's lives... "" ... but trust the experts, obey, because, maybe they care. ... (85% positive test for psychopathy among billionaires and CEOS etc, I heard yesterday).
Universal basic income, social dividend, universal facilities, universal provisions, universal services, and so on, all can contribute to (~ not magically make) a better world. But in this level of corruption... generations deep into the suppression of the emancipatory technologies to keep the "rentier" class on top, not by raising them up, but by keeping us all down, by their rents, on their inferior technology that also pollutes. ... It seems highly implausible they'd offer something genuinely beneficial, certainly not benevolent.
We have so much headroom, without the crooks and their corruption.
Tarriffs... seems like deckchair shuffling on the titanic.
I see real mends coming after the proliferation of the emancipatory technologies. Energy being the biggie. They don't like the idea of losing their captive market of everybody. Same with the banking system.
More than anything, it's education that helps us mend this whole situation. (And, no, not the tyrants usurp of that too; not the indoctrination in place of education.).
... my mind starts spraying exceptions to that rule at me.
Nope, nor that. Exception space seems potentially larger.
Or masochism?
Or ignorance? Or stubborn perseverance? And/or purpose and drive?
Okay okay, putting the pedentic nit-picking deadpan dry hard logic fun aside...
It is a good point being made there. And no, I don't know how I'd rephrase it to avoid such ambiguities.
Yep... though...
We'd be fools to hope that'll last.
Or that those presenting such appearances really are the government...