Torq
9 Apr 2025
Off-Topic / Stock Market Talk and Trading - part 2 [743]
Start living within your means. Don't spend more than you earn. Put an irrevocable government ban on all budget deficits. Rebuild your industry. Bring back the gold standard. Go back to good old American thrift and curb the exorbitant consumerism. It's all common sense really.
The most idiotic thing that you can do in the current situation is start a trade war with the entire world--a trade war that will put your most valuable asset, American Dollar, at peril and risk its position as international reserve currency. It's beyond retarded to put huge tariffs on all imports because the tariffs that your caveman of a president imposes will eventually be paid for by your own people.
And don't get me wrong - I don't want to see the downfall of America; I made nice money on American index funds and I don't mind strong American economy because almost the entire world benefits from the system but Trump is making a complete and utter mess of it all. Instead of telling American people that they have been living way beyond their means for decades (this applies to the rich and the middle classes) and now it's time for belt-tightening, hard work and thrift, he imagines that the entire world will pay for American profligacy. Ain't no gonna happen.
Well, I didn't get half-a-billion bucks from my Dad :)
apnews.com/article/0452d29cd2564eaf97605ab90acc3a67
What is your plan?
Start living within your means. Don't spend more than you earn. Put an irrevocable government ban on all budget deficits. Rebuild your industry. Bring back the gold standard. Go back to good old American thrift and curb the exorbitant consumerism. It's all common sense really.
The most idiotic thing that you can do in the current situation is start a trade war with the entire world--a trade war that will put your most valuable asset, American Dollar, at peril and risk its position as international reserve currency. It's beyond retarded to put huge tariffs on all imports because the tariffs that your caveman of a president imposes will eventually be paid for by your own people.
And don't get me wrong - I don't want to see the downfall of America; I made nice money on American index funds and I don't mind strong American economy because almost the entire world benefits from the system but Trump is making a complete and utter mess of it all. Instead of telling American people that they have been living way beyond their means for decades (this applies to the rich and the middle classes) and now it's time for belt-tightening, hard work and thrift, he imagines that the entire world will pay for American profligacy. Ain't no gonna happen.
you couldn't afford the front door in that caveman's cave, azzhole...
Well, I didn't get half-a-billion bucks from my Dad :)
apnews.com/article/0452d29cd2564eaf97605ab90acc3a67
