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Can't Trump just veto the legislation?
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Well... it's Trump... again. #47, here we go.
- Thread starter Jimmy Higgins
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Can't Trump just veto the legislation?
crazyfingers
Meow
Basically the US comes out worse than every other country because the US is doing this to so many important trading partners but to everyone else, it's just the US.
Trump is digging his own latrine.
And hey Danny, post more than 4 time a year, OK?
crazyfingers
Meow
No. Trump is imposing tariffs on Canada under the "International Economic Emergency Powers Act". Under terms of that Act, congress has the power to disallow a President's use of the act. They did not just vote on a new law. Rather they are acting on congress's power to revoke a Tariff under the Emergency Powers Act.
You guys are all rosey outlooks.
I spent savings on car repairs, parts, durable goods, gold, silver, guns, ammo, etc.
Tariffs are a 20-35% tax increase on us poors and middle class types. So anything I thought could be affected by them, I bought now. Before prices go up. Clothes, car parts, electronics, etc.
Savings is negative, your 401k the same. I moved $200k out of markets in my wife's 401k. Mine is hedged including gold EFTs and fixed contracts to hedge downturns.
I'm hedging further for downsides. If things bottom, I'll buy the wife's 401k into whatever survives.
But I own more physical gold and silver than I ever have. Those are not investments, they are absolute stop gaps to have something when you get through to the other side in a total collapse. The dollar may collapse since every other fiat in history has done so.
I spent savings on car repairs, parts, durable goods, gold, silver, guns, ammo, etc.
Tariffs are a 20-35% tax increase on us poors and middle class types. So anything I thought could be affected by them, I bought now. Before prices go up. Clothes, car parts, electronics, etc.
Savings is negative, your 401k the same. I moved $200k out of markets in my wife's 401k. Mine is hedged including gold EFTs and fixed contracts to hedge downturns.
I'm hedging further for downsides. If things bottom, I'll buy the wife's 401k into whatever survives.
But I own more physical gold and silver than I ever have. Those are not investments, they are absolute stop gaps to have something when you get through to the other side in a total collapse. The dollar may collapse since every other fiat in history has done so.
Last edited:
1) Autopen.
2) Think he remembers what he does?
I have no problem believing he doesn't know. But I consider that 25th time.
TV and credit cards
Contributor
So we’re what, four months in? Well, if Trump’s tariff numbers are bullshit the market should figure it out soon enough. As of right now, 0600 EST, the pre market is in holy shit mode.
And what’s up with crypto, that digital gold, store of value that it is? Personally I’m sticking with bean futures.
And what’s up with crypto, that digital gold, store of value that it is? Personally I’m sticking with bean futures.
Jimmy Higgins
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Trump announces Nintendo Switch 2 will be $535 instead of $450.
This is the largest tax increase since what, Social Security?
This is the largest tax increase since what, Social Security?
Don2 (Don1 Revised)
Contributor
Trump Tariffs Hit Antarctic Islands Inhabited by Zero Humans and Many Penguins
The Heard and McDonald Islands are among the dozens of targets of President Donald Trump's latest round of tariffs. But they have no exports, because no one lives there.
Jimmy Higgins
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The worst part of all of this is that tariffs only work "in theory" if it is presumed they are permanent. Permanent tariffs would make corporations think about shifting production... because shifting production is very expensive, made even more expensive with tariffs on steel, aluminum, lumber, cement (?). But with Trump bumping all over the place with exceptions, cancelations, credits, etc... as well as the whole, a Democrat would likely immediately undo this... the impetus to change things for production is held up. So all we get is pain. Cars cost more, the Nintendo Switch 2 costs more, prescription drugs cost more. We'll buy less, the economy will slow down, and because we are spending the same, the inflation rate won't be impacted much, so lowering the Fed rate may not be an option to get the economy back up.
Nothing good comes from this. This isn't liberation, this is stupidity created by a bunch of idiots, at best, or people intentionally trying to bury the global economy.
Nothing good comes from this. This isn't liberation, this is stupidity created by a bunch of idiots, at best, or people intentionally trying to bury the global economy.
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Cool. Thanks.
GenesisNemesis
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Oh he wants to help them? How, sending troops to help Russia?
Jimmy Higgins
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Even if the House passed this, Trump can veto it. So it is a very symbolic gesture of the GOP in the US Senate, showing their spines have been completely removed.
Jimmy Higgins
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Dow opens down nearly 3%. It awaits Europe and Asia's response to Trump's nonsensical "reciprocal" (in name only) tariffs, to see whether it is going to plunge. I'm awaiting 25% EU/Asian tariff on Tesla.
southernhybrid
Contributor
I read that this morning and the comment section in WaPo following the article is hilarious. I was going to share that article but now I don't have to do it.Trump Tariffs Hit Antarctic Islands Inhabited by Zero Humans and Many Penguins
The Heard and McDonald Islands are among the dozens of targets of President Donald Trump's latest round of tariffs. But they have no exports, because no one lives there.www.wired.com
Trump has put tariffs on Penguins and they told him they don't need America's shit as they will find their own fish. Seriously. He put tariffs on an island that is inhabited with penguins. What a moron.
The DOW is down over 1400. I couldn't get Mr. Sohy to get all of our money out of it, but at least most of our money is in CDs or real estate. Oh wait. It's only down 1374 right now......
Elixir
Made in America
I’m sitting on a moderate pile of cash and playing market timing games is a strong temptation. But my conviction is that despite a predictable “bounce” coming, the long term bottom is not near.
When/if the major indices dive to 20% below their peaks, I’ll jump in. But 3% or even 5% doesn’t move me (enough).
When/if the major indices dive to 20% below their peaks, I’ll jump in. But 3% or even 5% doesn’t move me (enough).
Jimmy Higgins
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Again... the market is waiting for Asia and EU to react. 6 to 8% with an aggressive posture (or any posture that Trump threatens against) today alone is still in the cards. I might need to up my contribution to the 401K.I read that this morning and the comment section in WaPo following the article is hilarious. I was going to share that article but now I don't have to do it.Trump Tariffs Hit Antarctic Islands Inhabited by Zero Humans and Many Penguins
The Heard and McDonald Islands are among the dozens of targets of President Donald Trump's latest round of tariffs. But they have no exports, because no one lives there.
Trump has put tariffs on Penguins and they told him they don't need America's shit as they will find their own fish. Seriously. He put tariffs on an island that is inhabited with penguins. What a moron.
The DOW is down over 1400. I couldn't get Mr. Sohy to get all of our money out of it, but at least most of our money is in CDs or real estate. Oh wait. It's only down 1374 right now......
Eat the rich is the leftist equivalent to MAGA. Probably even worse for society.
Jimmy Higgins
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The uber-wealthy are teaming up and buying up everything. They need to be pulled back. They have too much wealth. We don't need to seize it all, but we need to address that these people are the ones that benefit most from the $1 trillion in military spending, so they should be the ones helping pay for this shit.
As far as worst for society, Trump just fucked the world over and we aren't certain how long it will take to fix what he broke... for absolutely no damn reason. And his red hat followers are eating it up, including these massive tax hikes... that we don't benefit from!