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Trump and his chorus are saying the rest of the World is raping and pillaging the US Economy. Yes, many of the US's imports are from foreign nations, but why is that?
Well, many US industries outsourced their manufacturing to Nation's with cheaper Labour costs. It was to make lots of money 💰 for the US Capitalists.
So the trade inbalance was mostly the US's own fault, not the third world countries where US money looked to for their big profits. Meagre prices to pay for their manufacturing to be sold in the US for hugely inflated prices. Like Nike shoes.

My modest super nest egg has been cracked open dripping $$$$$ into the ether because of one man. One man.
 
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Grier said:
Trump and his chorus are saying the rest of the World is raping and pillaging the US Economy. Yes, many of the US's imports are from foreign nations, but why is that?
Well, many US industries outsourced their manufacturing to Nation's with cheaper Labour costs. It was to make lots of money 💰 for the US Capitalists.
So the trade inbalance was mostly the US's own fault, not the third world countries where US money looked to for their big profits. Meagre prices to pay for their manufacturing to be sold in the US for hugely inflated prices. Like Nike shoes.

My modest super nest egg has been cracked open dripping $$$$$ into the ether because of one man. One man.
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He's an idiot but stock markets have been very expensive.

We have really been due a sell off for ages back to more realistic valuations.
 
Grier said:
Trump and his chorus are saying the rest of the World is raping and pillaging the US Economy. Yes, many of the US's imports are from foreign nations, but why is that?
Well, many US industries outsourced their manufacturing to Nation's with cheaper Labour costs. It was to make lots of money 💰 for the US Capitalists.
So the trade inbalance was mostly the US's own fault, not the third world countries where US money looked to for their big profits. Meagre prices to pay for their manufacturing to be sold in the US for hugely inflated prices. Like Nike shoes.

My modest super nest egg has been cracked open dripping $$$$$ into the ether because of one man. One man.
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His statement is a classic example of right-wing populists twisting facts to their liking thus showing the ideology of that circle while blaming people with different views for an allegedly ideology-driven policy and decisions. Talking about an alleged "trade deficit" that needs to be reduced, Trump does not say that a) contrary to his view, it is not a negative but is advantageous to the US, and b) he only refers to the trade deficit of industrial goods and ignores the fact that the trade deficit of services is strongly in favour of the US. This is what populists do: telling half truths and relying on factoids.
Don't worry about your nest egg, Terry. As long as you don't need to sell it, it's just book losses. Although part of my portfolio is also slightly in the red, I'm taking advantage of the "political bloodshed" at the stock exchange by both averaging down and going on a shopping spree. There'll be a time after Trump and the tariff war.
 
Richie said:
More bizarre Trumpism.
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A great read Craig. Cheers.
Here's some jibes at some of the pictures in the article: 🤣

Some DJ Dance fellow wondering why Greenland is not called "Whiteland".
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Over there, look you sheep...
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Fascist hard right crap gaining global growth arm.

Yes, yes, yes ? 666%.
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The self declared chief Twit is pointing hard right

Besties 4 eva
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Unbridled and sanctioned by the Will of the Citizens of the US,
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Crayon or Laundry marker ? ?
Well done Donald, your Mr Squiggle is reel gud.

Three wise men with a combined intellect > 5 × Trump's.
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Richie said:


Love these. Dictators Putin, Kym Jong, Lucashenko, Erdogan and wanna be Trump look out of place with the other normal world leaders.
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I think that's a funny AI clipped together Spoof .🤣 Love it.

Listening to several news views the consensus seems that Trump's brutal and reciprocal tariffs will hurt the US itself the most... King Kong vs Godzilla as China looms over horizons.
Another Rocky Horror Show. 😖
I believe the Devil saved Trump from ... .. that bullet. .. One stupid man!
 
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Grier said:
I believe the Devil saved Trump from ... .. that bullet. .. One stupid man!
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When ever I see Netanyahu, Putin, Lukachenko, the Burmese generals I wish an assassins bullet would send them all to Hell. Trump, Erdogan, the Ayatolla of Iran, Kim Jong and Ji Ping to end their days locked away some place where they cant do any further damage. Have I missed anyone?
 
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You West Aussies know about this. Those cunning Commies trying to take over our country by stealth.
 
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Richie said:


You West Aussies know about this. Those cunning Commies trying to over take our country by stealth.
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Half a dozen D9 bulldozers on the runway is my thought Craig.
I agree tho not to flog off such security assets. I had a laugh I confess when that Darwin port got leased to the Chinese. Cunning and probing as usual while we were asleep at the wheel.

That clip came off Palmer's usually silly blog but glad he brought that issue to light. I'd vaguely heard of that airstrip before. How about pop up spikes and barriers on the run way. Cheaper than a Dutton Nuclear Power station.
Or a score of 44 gallon drums filled with water ...

Those skulking Chinese are mapping our waters with a spy ship with deep diving water drones. They scan and map a lot for our underwater cables. That's so pretentiously rude.
They hurt us hard with their trade tariffs and now want us to side with them vs Trump's terrible tariffs... "742% if they don't apologise for being so disrespectful". Yada, yada, yada, ... , he's like a nasty brat, as thick as a brick.
He's got no sense of economics and has an echo chamber of sycophants lauding his genius. 🤣

Wasn't I mentioning the negative economic affects of tariffs like so many others more learned than myself. Basic economics that went over Trump's bouffant flapping and greying hair and small mind. He's a global liability and now he's back flipping as global stock markets plummeted saying the usual bs excuses few listen to any more. Hopefully the stock markets and my super balance will claw back the losses.
A US lady friend I saw today whispered in my ear what she'd like to see happen to Trump. I won't repeat as it was not ladylike. 😄
Some Yanks are very nice and smart people, some aren't.
 
Grier said:
I'd vaguely heard of that airstrip before.
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Me too but Palmer has obviously dug deeper to reveal this bombshell. His party is evidently gaining traction too and is now overtaking One Nation. But can it sink the Greens also and perhaps hold the balance of power. Prefer their policies over the far lefties. But Palmer change the name it is so lame. I liked United Australia Party tbh.
 
The special tribunal that Western nations intend to establish to prosecute the crime of aggression against Ukraine will not try Vladimir Putin in absentia as long as he remains president of the Russian Federation. The same provision will apply to the Russian prime minister, Mikhail Mishustin, and the Russian foreign minister, Sergey Lavrov, according to two European officials with knowledge of the process.

😡 🤢 😤
 
Richie said:

German poll: Majority for return to nuclear energy​


Thomas Australia is currently debating whether we stick with the current policy of renewable energy favored by the current Labor govt. or choose nukes instead as favored by the Liberal/National opposition. In fact this is pretty much the focal point of the upcoming election. Personally I am for a combination of both as it'd be a huge waste of our enormous stocks of renewable raw materials. Talk now of Australia going big on critical minerals too, to counter China's domination.
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As for the poll, that may be the case and would be in line with the policy of our rising right-wing populist party AfD. I'm in favour of sticking to a no-nukes policy since it is possible.
 
I'm getting dizzy watching Trump's roundabouts and U turns. Seems now there'll be no tariffs on Chinese made i-phones as the US has little ability to manufacture the phones and other IT equipment.
Would anyone in the US pay $5,000 for an i-phone 16? 🤣 My new Motorola phone cost me $29 on a 2 year plan. 128gb storage, SD card and 8gb of ram.
I just heard 80% of i-phones are made in Chi-nah and 20% in Vietnam, both countries hit with draconian Trump Tariffs. 😂 Shot in the foot again by a pretend self called genius. Not!
What if China and Vietnam decided to double the costs of their i-phones to the US? Turmup has little concept of how interwinded globalmarkets are and almost zero knowledge of Economics and how destructive tariffs are to all.
It's a black comedy alright so enjoy your popcorn watching it all unfold. 😆
 
Grier said:
What if China and Vietnam decided to double the costs of their i-phones to the US? Turmup has little concept of how interwinded globalmarkets are and almost zero knowledge of Economics and how destructive tariffs are to all.
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In a nutshell Terry. Did you hear him boasting that $billions will be flowing into America soon from his tariff policy. The man is delusional.
 
Richie said:
In a nutshell Terry. Did you hear him boasting that $billions will be flowing into America soon from his tariff policy. The man is delusional.
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Yes, I heard his hollow boasts. He likes to boast and like the majority of world leaders, I find his narsissitic character, chaotic manner, stupidity and lies destructive to the whole planet. And a felon, sexual abuser, fraudster, surrounded by dumb "Yes People" humming away in his personal echo chamber".
The genius is now back peddling with dubious rhetoric as is the norm.

What saddens me most is the affect Trump's greed and bs will do to the world's efforts combating Global Warming. It'll keep getting hotter, already over the once agreed target of +1.5 C, and rising with some unexpected flow on consequences, some revealing themselves now, with more surprises to come, no doubt.
Greenland will thaw rising sea levels but revealing perhaps a lovely really big island rich in resources. Nice real estate.

"I'm right Jack. I'm 78 now so I won't see the worst of it, .... "
History will rip to shreads Trump's vile legacy.
It'll become a mini series like "I Claudius".

I myself at 69, pray that my grandchildren survive to 2100, the 22nd century.
That's only 75 years in the future. More future shock for sure as we race towards a point of inflexion where the rates of change start to slow down, I hope. Who knows? The Future is a murky guess as has often been the case.

Our global family, by whatever means, has been given gaudianship of a rare jewel in the Cosmos. Our Earth seeded with bountiful life and wealth, ... and us Humans atop the pyramid of life on Earth. 🤠😳😧😨😰😥😖.
 
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Zman said:
Trump’s proposed tariff hikes could trigger a recession for several key reasons:
  1. Increased Costs for Consumers – Higher tariffs on imports mean businesses pay more for goods, passing those costs to consumers. This leads to inflation, reducing purchasing power and slowing economic growth.
  2. Retaliation from Other Countries – Major trade partners like China and the EU will likely impose counter-tariffs, making it harder for American companies to sell goods overseas, harming industries like agriculture and manufacturing.
  3. Supply Chain Disruptions – Many U.S. companies rely on global supply chains. Tariffs force them to either absorb higher costs (cutting profits) or find alternatives (which takes time and money). This uncertainty discourages investment.
  4. Stock Market Volatility – Businesses hate uncertainty. A tariff war increases market instability, potentially leading to sharp declines in investment, corporate profits, and stock values.
  5. Job Losses in Affected Sectors – While tariffs aim to protect American jobs, history shows they often backfire. Industries relying on imports (e.g., auto manufacturing, retail) face higher costs, leading to layoffs or outsourcing.
  6. Recessionary Spiral – Reduced consumer spending, business cutbacks, and trade war escalation create a vicious cycle, slowing economic activity and increasing recession risks.
These economic risks are why many experts warn that a large-scale tariff increase could push the U.S. economy into a downturn.
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It's a worry Zman,
I concur with the above factors with just my basic knowledge of economics.
More than the Wight Hosed Blufaloon.
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