we don't like globalism, but apparently we don't like nationalism either.

How about industrialism? Do we like that?

got the garden layout started last weekend, but it's been non-stop rain since Tuesday. Hopefully, things will dry out this week because I hate that it's just sitting there as the momentum stalls.

Looking at the wars since the 1880s, it would seem the problem isn't protectionism, but rather that the nations who don't like it are willing to go to war over it.

gout sucks.

cars, houses, clothes, trips, memberships, restaurants.

Has the USG announced how much bitcoin it has yet?

If we were free trade, faster producing outside markets (lower quality) would dump product into local markets and economic standards in the local would drop precipitously.

President McKinley:

Protectionism levels up. Free trade levels down.

Also President McKinley: Assassinated in 1901.

🤔

when all assets are monetized and all the asset values are artificially inflated by inflation, and all your money is in those assets, you like the system.

What people who are not in the stock market (which is most people) need to wrap their heads around is that prices will forever go up in this system. Complaining about tariffs causing price increases is like complaining that the ocean keeps getting the beach wet. Without tariffs, prices have gone up at a shocking rate since 2009, and especially since 2020.

You put your finger on why everyone reacts the way they do. Tariffs may drive prices up in the short term, but they promote local production and trade of goods. The Wall Street types and the bankers want to monetize debt not promote industry. It gives them the control over the economy.

Kaiser Wilhelm complained that Germany had become the dumping ground for cheap goods and grain. The effect in the 1870s was that prices went through the floor and overall quality dropped significantly. It also hurt German agriculture and industry by making it diffulicult to compete.

Germany reinforced the policy in 1902.

I'm not saying this is what caused WW1, but in the Treaty of Versailles, Germany was forbidden from issuing tariffs until 1925, which tells you something about what the City of London, which held all the gold, felt about tariffs.

I know cork comes from Portugal, but can't you get glass in the US?

safe bet for sure. and since tariffs are not all bad, those jokers also lack the a little to think critically.

CNBC Influencers: tariffs are bad, but I couldn't tell you why.

I'm ready for face melting numbers. Bitcoin's crab walk has been good for new people to convert their fiat, but I think it's time to go.

When the things we want are made near us, the overall quality of our lives improves noticably.

The market's value was fake. It hasn't lost anything. it's just trying to find its actual price level.

nostr:nevent1qqsr8mla9k9s9ld9vd4nzf3p44vjgzmcfyxlrwfrv33gpvs8pa3vlzgpr9mhxue69uhkxmmzwfskvatdvyhxxmmd9aex2mrp0ypzptypxzvdmqpap59wu55lxjmakek8wev65g4m2v5ee0army4p7l5zqvzqqqqqqywz2tkl

everything is in red today.

oh wait.

ugh. gout in the ƙnee

Only temporarily.

Tariffs prioritize home industry. Where trade imbalance exist, they very much work to the benefit of those involved with making things.

People blandly say tariffs are taxes, but they explicitly aren't taxes. They import and export levies that incentivize local production by creating need gaps at home.

Price increases due to shortages are always temporary if the domestic free market is allowed to operate without intervention.