April 2nd Reciprocal Tariffs

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boognish_bear
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11:47a, 4/17/25
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boognish_bear
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Limited IQ Redneck in PU
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In reply to Porteroso • 1:42p, 4/17/25
Porteroso said:
boognish_bear said:

What the bozo means is she wants J Powell to be yet another government mouthpiece for Trump. I'm sorry but at some point I've stopped disagreeing with the fascist and dictator comments. Trump is sacking people who don't fight hard enough for his party line.

And all you have to do is read this forum to know there will be a serious play for a 3rd term.

We elected Trump because Kamela was awful, but somehow he is now gambling with the economic future of the entire country. How did we get here?


I think it started with the party of "no". Party became more important than governing.
I have found theres only two ways to go:
Living fast or dying slow.
I dont want to live forever.
But I will live while I'm here.
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boognish_bear
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2:03p, 4/17/25
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boognish_bear
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boognish_bear
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boognish_bear
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Assassin
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4:08p, 4/17/25
Facebook Groups at; Memories of: Dallas, Texas, Football in Texas, Texas Music, Through a Texas Lens and also Dallas History Guild. Come visit!
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FLBear5630
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In reply to boognish_bear • 5:53p, 4/17/25
boognish_bear said:
The Fed is supposed to be independent. Trump has to wait to nominate Board members, one is coming up soon. Senate confirms and he has more of a voice. He can't fire or get rid of the Fed Chair. Congress can re-write the enabling legislation or remove for cause.
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Redbrickbear
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In reply to FLBear5630 • 6:46p, 4/17/25
FLBear5630 said:
boognish_bear said:
The Fed is supposed to be independent..


The good old unaccountable super secret central bank

Gotta wonder what Thomas Jefferson would think of something like the FED

PS

We don't have to wonder

[Jefferson and Madison's Concerns:
Jefferson and Madison, on the other hand, argued that a national bank was not explicitly authorized by the Constitution and could lead to the concentration of power in the hands of a few. They also favored state-level banking and were wary of the potential for a central bank to favor urban interests]
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FLBear5630
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In reply to Redbrickbear • 7:30p, 4/17/25
Redbrickbear said:
FLBear5630 said:
boognish_bear said:
The Fed is supposed to be independent..


The good old unaccountable super secret central bank

Gotta wonder what Thomas Jefferson would think of something like the FED

PS

We don't have to wonder

[Jefferson and Madison's Concerns:
Jefferson and Madison, on the other hand, argued that a national bank was not explicitly authorized by the Constitution and could lead to the concentration of power in the hands of a few. They also favored state-level banking and were wary of the potential for a central bank to favor urban interests]


But Hamilton loved it.
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Redbrickbear
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In reply to FLBear5630 • 7:34p, 4/17/25
FLBear5630 said:
Redbrickbear said:
FLBear5630 said:
boognish_bear said:
The Fed is supposed to be independent..


The good old unaccountable super secret central bank

Gotta wonder what Thomas Jefferson would think of something like the FED

PS

We don't have to wonder

[Jefferson and Madison's Concerns:
Jefferson and Madison, on the other hand, argued that a national bank was not explicitly authorized by the Constitution and could lead to the concentration of power in the hands of a few. They also favored state-level banking and were wary of the potential for a central bank to favor urban interests]


But Hamilton loved it.


Another thing he was wrong about

No wonder libs made a big broadway production about him.

(Even more funny because he was the most "monarchist" of the Founders. Wanted the Chief Executive to serve for life. Was an elitist. Unapologetically racist against blacks and browns. And a proto-imperialist)

The modern liberals would hate the guy if we walked in the door today
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boognish_bear
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8:34p, 4/17/25
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boognish_bear
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ATL Bear
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In reply to Redbrickbear • 11:26p, 4/17/25
Redbrickbear said:
FLBear5630 said:
boognish_bear said:
The Fed is supposed to be independent..


The good old unaccountable super secret central bank

Gotta wonder what Thomas Jefferson would think of something like the FED

PS

We don't have to wonder

[Jefferson and Madison's Concerns:
Jefferson and Madison, on the other hand, argued that a national bank was not explicitly authorized by the Constitution and could lead to the concentration of power in the hands of a few. They also favored state-level banking and were wary of the potential for a central bank to favor urban interests]
Jefferson was not economically savvy. In fact he almost cost us the War of 1812 because he opposed the first national bank and we struggled to finance the war, made even more difficult because he dismantled the Navy as a fiscal move.

But secret central bank? It's much more transparent than even publicly traded banks. But if you really want to see insanity and back room government and banking double dealing, check out the panics of 1893 under Cleveland and 1907 under Roosevelt. And early on Van Buren (and Jackson too) almost killed the U.S. economy before it even got off the ground.

It's not a perfect system, but it is monumentally better than the alternatives.
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ATL Bear
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In reply to boognish_bear • 11:35p, 4/17/25
boognish_bear said:
Imagine a politician bragging about the country "getting rich" after raising income taxes. Talk about a lack of self awareness.
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Redbrickbear
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11:40p, 4/17/25
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Redbrickbear
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In reply to ATL Bear • 11:41p, 4/17/25
ATL Bear said:
Redbrickbear said:
FLBear5630 said:
boognish_bear said:
The Fed is supposed to be independent..


The good old unaccountable super secret central bank

Gotta wonder what Thomas Jefferson would think of something like the FED

PS

We don't have to wonder

[Jefferson and Madison's Concerns:
Jefferson and Madison, on the other hand, argued that a national bank was not explicitly authorized by the Constitution and could lead to the concentration of power in the hands of a few. They also favored state-level banking and were wary of the potential for a central bank to favor urban interests]


But secret central bank? It's much more transparent than even publicly traded banks. But if you really want to see insanity and back room government and banking double dealing, check out the panics of 1893 under Cleveland and 1907 under Roosevelt. And early on Van Buren (and Jackson too) almost killed the U.S. economy before it even got off the ground.

It's not a perfect system, but it is monumentally better than the alternatives.




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boognish_bear
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1:21a, 4/18/25
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RD2WINAGNBEAR86
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In reply to ATL Bear • 6:20a, 4/18/25
ATL Bear said:
boognish_bear said:
Imagine a politician bragging about the country "getting rich" after raising income taxes. Talk about a lack of self awareness.
Exactly!!!! The money he is collecting from tariffs is NOT from foreign nations. They are paid mostly by American companies and Americans that import products from abroad. The end result is prices go up and we all pay more.
"Stand with anyone when he is right; Stand with him while he is right and part with him when he goes wrong." - Abraham Lincoln
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Mothra
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In reply to boognish_bear • 8:11a, 4/18/25
boognish_bear said:
Yeah, yeah, yeah, and Mexico will pay for the wall.
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11:50a, 4/18/25
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In reply to ATL Bear • 1:05p, 4/18/25
ATL Bear said:
Redbrickbear said:
FLBear5630 said:
boognish_bear said:
The Fed is supposed to be independent..


The good old unaccountable super secret central bank

Gotta wonder what Thomas Jefferson would think of something like the FED

PS

We don't have to wonder

[Jefferson and Madison's Concerns:
Jefferson and Madison, on the other hand, argued that a national bank was not explicitly authorized by the Constitution and could lead to the concentration of power in the hands of a few. They also favored state-level banking and were wary of the potential for a central bank to favor urban interests]
Jefferson was not economically savvy. In fact he almost cost us the War of 1812 because he opposed the first national bank and we struggled to finance the war, made even more difficult because he dismantled the Navy as a fiscal move.
True

Jefferson is one of the most overrated presidents in US history.
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Redbrickbear
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In reply to KaiBear • 1:16p, 4/18/25
KaiBear said:
ATL Bear said:
Redbrickbear said:
FLBear5630 said:
boognish_bear said:
The Fed is supposed to be independent..


The good old unaccountable super secret central bank

Gotta wonder what Thomas Jefferson would think of something like the FED

PS

We don't have to wonder

[Jefferson and Madison's Concerns:
Jefferson and Madison, on the other hand, argued that a national bank was not explicitly authorized by the Constitution and could lead to the concentration of power in the hands of a few. They also favored state-level banking and were wary of the potential for a central bank to favor urban interests]
Jefferson was not economically savvy. In fact he almost cost us the War of 1812 because he opposed the first national bank and we struggled to finance the war, made even more difficult because he dismantled the Navy as a fiscal move.
True

Jefferson is one of the most overrated presidents in US history.

That big ole sweet purchase says different....


[The Louisiana Purchase, purchased from France in 1803, encompassed approximately 828,000 square miles of land. This area, which included most of the Mississippi River's drainage basin west of the river, effectively doubled the size of the United States at the time. The United States purchased the Louisiana Territory from France in 1803 for $15 million. The land was acquired for approximately 3 cents per acre.]

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In reply to boognish_bear • 2:26p, 4/18/25
boognish_bear said:


Well there goes my bonus for the year
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william
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2:40p, 4/18/25
#OrangeWinning

- el KKM

D!

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{ eating donut }
arbyscoin - the only crypto you can eat.
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In reply to Redbrickbear • 4:21p, 4/18/25
Redbrickbear said:

Tariffs are not paid based upon what Amazon charges you, it's based upon what the importer declares the value as. Likely lowering prices to pay less tariffs, then charging more State side. Many own the factory in China, or have an interest, as well as the warehouse in the USA. They don't mind making less in China if it saves their business here.
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4:22p, 4/18/25
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In reply to boognish_bear • 4:28p, 4/18/25
boognish_bear said:

It just has to work out. Trillions are only erased from the American market if things continue like this. In fact, deals are baked in. It will get truly ugly if Trump can't close any deals.

If deals are worked, and at the end of the 90 days, China is our last big trading partner outstanding, the markets will recover.

So far though, 0 deals.... Conservatives love saying that Trump was a great businessman. Loves making deals. But somehow, I doubt most would give their retirement accounts to Trump and letting him gamble with them. That's what he is doing though, with all our accounts, and the economic future of our children, their children, etc.

It may work just this once, because we have the biggest stick, whatever type of stick you talk about. But there will be repercussions, and measures to make sure we can't ever do this again, not in the modern world economy at least.
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