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Politics : Formerly About Advanced Micro Devices

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To: sylvester80 who wrote (1504801)	11/27/2024 8:39:35 AM
From: IC720	2 Recommendations Read Replies (1) of 1570554

Trump would seem needs better info on the effects of tariffs... though, if below is correct, could be a ploy. Trump: Secure the Borders or Pay Tariffs "Trump would unintentionally punish the American people through these tariffs as the costs are always passed on to the consumer. We cannot threaten top trading partners by punishing them with fines as the private sector and personal consumer will be punished, not the governments. Positive reinforcement has worked for Italy, for example, as Meloni has negotiated favorable deals with neighboring nations to entice them to curb the flow of migrants. Tariffs are certainly NOT the way to deal with this crisis. .... Those advising Trump on this tariff nonsense are way too conflicted and fail to understand history, no less how the world economy functions since we are all connected. They do not understand how the world economy functions. We cannot have a boom time here when the rest of the world is contracting/ The world economy and peace survive on free trade. The sanctions against Russia blackballing it from the SWIFT system led to BRICS as other nations rejected this authoritarian policy from American Neocons. This was the warning I emailed yesterday to both Trump and RFK: ——; I realize this is futile, but whoever is economically advising Trump should be thrown in prison. The reason we import and have the trade deficit is because of taxation that moved companies offshore to compete since we have worldwide income and other nations do not, except Japan. It’s the tariffs and he will create a worldwide DEPRESSION on this stupid advice. When I testified before the House Ways and Means Committee, I had under contract the equivalent of 50% of the US national debt. NOBODY has had more international institutions than I have. That is why the NY bankers wanted to shut me down. They are coming out with another Documentary on my case next year It was shown on TV around the world EXCEPT in the USA Netflix was “told” they were not allowed to show it. Eliminate the income tax, and all the companies will come home. You do not need the stupid tariffs. That will create an economic depression and destroy the Republican Party as they did to Hoover. Nobody ever wants to listen to people with real experience. It is always some bullshit academic who has zero experience. That’s my 2cents I will advise my clients that Trump will destroy the world economy and BRICS will win. M. Armstrong

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