Can’t believe how many Bitcoiners are going to bat for Trump’s tariffs, the patriotism chip seems to have been reactivated without any thought of second or third order consequences.
Which Americans want to work on a rubber plantation?
Discussion
Make Rubber Plantations Great Again
The point isn't to have rubber plantations you morons, it is to get Thailand to drop their tariffs against US. Being willfully dense is just as bad as being blindly supportive.
You moved from Americans must be so dumb as to think they can grow rubber plantations, as your reason tariffs are bad policy, to talking about exporting inflation?
Why make arguements that are stupid only to change the arguement to something else?
If you want to talk about exporting inflation then say that in your OP.
The entire point of the tariff policy is to get everyone to drop the their tariffs.
The US has been exporting inflation for decades.
Instead of making stuff - like having rubber plantations and making rubber yourselves - you rely on global supply chains and rely on making fake money and sending that abroad in exchange for actual stuff
Those global supply chains are lubricated entirely by USD.
These 2 things go hand-in-hand. If I have to explain such basic shit to you then you don’t understand enough about economics or global trade to even be commenting on this issue.
>“The entire point of the tariff policy is to get everyone to drop the their tariffs.”
No it’s not. Many of the countries don’t even fucking have tariffs on the US.
The entire point is Trump wants to reduce trade imbalances, he wants to secure the USD sphere and he’s doing that by forcing countries into economic and security arrangements in exchange for lowering tariff barriers.
Guess which one of these 2 you are:
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That’s the problem with the M5M constantly lying non-stop for years - when they decide not to lie about something, no-one is listening any more.
The point is in fact to reduce trade imbalances.
You have trade imbalances because you have the global reserve currency and thus the exorbitant privilege of making inflation your number 1 export - you print money and export it, and in return get cheap goods, like rubber.
Trump has repeatedly said he wants to maintain USD hegemony which means trade imbalances aren’t going anywhere.
It has nothing to do with “reciprocal tariffs”, that’s like believing the “Inflation Reduction Act” was actually meant to reduce inflation.
So who is the moron now?
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Also, I'm seeing surprisingly little (or no) discussion about how the US exports inflation to all countries. Trade imbalance, ok, but if you print dollars to import stuff and then dollars devalue as a result, the exporter has lost a good chunk (along with all the USD and US treasury holders)
Yes I have made this exact point a few times and kind of expected it to be everywhere from other Bitcoiners, at least the non-yanks.
The US number 1 export is inflation, they’ve benefitted from this arrangement for decades and literally lived at the expense of others and yet the people, including many Bitcoiners who ought fucking know better, think backwards and that others have been taking advantage of them by “cheating”.
No - other countries produce stuff, America produces fake money, it’s the yanks who have been taking the piss all along.