Ok. Point me to a better source, other than trump said it so it must be true.
Tariffs...what to make of them.
- Thread starter Dave Taylor
- Start date
Dave Taylor
Rex kwan Do
Newsmax for sure lolz
LOL... must have struck a nerve.... keep the Troll game strong, daddy is proud of you
Wait wait... So this guy... The guy who is currently negotiating the peace deal... He's a totally full of shit liar? Or daddy told you to trust him so you just have to ignore this?
Man blind loyalty sounds exhausting
Dave Taylor
Rex kwan Do
Getting to a good point soon! Throw some more in!
Why? Have you seen some evidence that he’s not going to be totally erratic anytime soon? Market likes stability. The man is anything but.
Dave Taylor
Rex kwan Do
No. Just know march opex is a big one and should be a big bounce by then
thegock
Well-Known Member
Fortunately, I rolled all of my retirement assets into DJT. Down only 11.47% today.
John the Plumber
Well-Known Member
I was listening to CNBC this morning and the talking heads were saying crypto is an industry, please explain to the plumber how this is true. Manufacturing, cars, banking, agriculture, etc. these are all industries. Crypto is a way to wash money AKA Marty. Right now the US has about 200,000 bitcoin, Trump wants to have strategic reserve, which he signed a executive order, This currency has no backing but if the USA buys more it will have the backing of the USA taxpayer. Which I see this as a bailout of these investors by the taxpayer. tRUMP must really hate America...............
I'm an open book.
This was my beginning of the year choice. Wish I had annuitized 50% of the portfolio, butt oh well. Our advisor actually recommended this. 5 year fixed annuity to skip the presidential cycle.
What do you want to know?
bigW
Well-Known Member
somewhere in the crypto-swamp there is an industry. Blockchain generally and even stable coins. IMHO Trump may not do a whole lot more than than what he has already done which perhaps he views as delivering on his campaign promises. ( hence the crypto-sag ) The worthless Trump and Melanie meme coins are likely not viewed fondly by the crypto advocates as it will likely give Main Street a chance to lose money on a self-service piece of garbage and perhaps become skeptical.
I am very annoyed at anything that ‘sneaks’ crypto into peoples portfolios without their say-so. eg: inclusion of MicroStrategy into equity indexes
W
I thought this was a pretty good article about it....essentially we the tax payers will be a backstop for risky crypto investments.
The Strategic Crypto Swindle
A bitcoin reserve would be a government-backed grift.
www.theatlantic.com
John the Plumber
Well-Known Member
I was reading a similar article yesterday. What I got out of it we will be (taxpayer) will be the full backing or the bailout. I am sick and tired of bailing out of certain industries the top of the list is the Airlines right before 9/11 they were going to go bankrupt, the second time was during the banking crisis, they were told not to do stock buy backs and the last time was Covid. As they made flying more uncomfortable and miserable. The Atlantic article was better than the one I read yesterday.I thought this was a pretty good article about it....essentially we the tax payers will be a backstop for risky crypto investments.
The Strategic Crypto Swindle
A bitcoin reserve would be a government-backed grift.
I had an interesting conversation with a friend years ago who actually worked in encryption as his career. He had looked at crypto and came to the conclusion the only real purpose was illegal activity. Every technical thing crypto "solves" already exists.
Fast easy transfers of money? We have that.
Secure recording of the transactions? We have faith in the systems recording this. If the banking system wasn't properly recording the transactions we wouldn't be doing those transactions now. They may not be fully public, but outside of digging back through theft/fraud/etc do we need to publicly see the transactions?
Easy to use? No way you can tell me properly using crypto is easier than cash or credit cards.
I feel exactly the same way, but I did read the Executive Order and it makes me feel a bit better. RIGHT NOW it's just consolidating crypto that the government already has or will have via Civil Asset Forfeiture (don't get me started on that) or taken from criminals, etc under one umbrella. Which kind of makes sense as it should be centrally held. The EO doesn't really go into it being our new fiat currency or backing it with the dollar, etc.
Someone just needs to get Trump's ear about you can't put his face on Crypto coins but can on the new $200 bill and we'll be OK.
SmooveP
Well-Known Member
"risky crypto" as opposed to the solid, reliable crypto?😛 When I first became aware of crypto, it sounded like an interesting idea. A kind of grassroots, democratic decentralized currency. Now I can't see it as anything other than a giant failure. It's not even a viable currency for anything other than illegal stuff. Governments are scrambling to legitimize it but they're unsure of how to do that. It's ridiculously risky as an investment, but equally risky from a tech standpoint. I worked as a software engineer and I know that anything software-based is inherently vulnerable to bugs and hacking. The mining model is just plain unsustainable. Crypto is still pretty fringe and it already consumes over 2% of the global electricity diet. Add that to what AI and video streaming server farms consume. How big of a fraud/collapse event will it take to kill it?I thought this was a pretty good article about it....essentially we the tax payers will be a backstop for risky crypto investments.
The Strategic Crypto Swindle
A bitcoin reserve would be a government-backed grift.
Back to Tariffs... I mentioned I get lots of updates from suppliers for price increases due to Tariffs. Now the recent ones are mentioning "surcharges" as they just have no idea wtf to do with pricing. Will there be a Tariff when the stuff gets ordered/shipped/delivered? What amount will the Tariff be?
SmooveP
Well-Known Member
Coming next: Items will be listed at "market price" like lobster on a restaurant menu. When I did quotes for my woodworking business, I'd state that prices were good for 30 days. Would need to be 30 minutes these days.
Hey look trump is doubling some Canadian tariffs. Dow is down over 625 points so far today.
on the topic of Tariffs.....
Not sure why we are wasting all this time with back and forth Tariffs....we should obviously just invade Canada, take their power plants, oil, lumber, maple syrup, ice skates, and snowmobiles.
Trump threatens new tariffs on Canada and warns he will shut down its auto industry
Not sure why we are wasting all this time with back and forth Tariffs....we should obviously just invade Canada, take their power plants, oil, lumber, maple syrup, ice skates, and snowmobiles.