Well if hes following Project 2025, which it seems based on recent comments by Elon Musk, then hes expecting other countries to remove all tariffs first. As you say, chlorinated chicken, but if you dont then you dont get to sell your healthy chickens to America, and all that money you owe thats denominated in USD becomes very hard to acquire.
Maybe the better option is to allow it but to label it with its harmful chemicals, let the free market decide, in a kind of democratic process of people determining their own marginal utility versus budget constraints. You can still buy cigarettes in the UK and Europe as well, so whats a bit of American chicken versus a lifetime of smoking?
They did say when they were exporting all the jobs to China that the stock market will do amazingly well, while skeptics were more concerned about jobs and unions. It really blurs the line between the left and the right when the left is complaining about a shrinking 401k while applauding the rich like Musk getting poorer.
Many countries started mass immigration after the global inflation caused by global QE and money supply growth, in order to prevent wage inflation. They did this mass immigration just as central banks were raising rates to cool the economy.
This is likely what you are feeling, there was a small time when there was a labor shortage and all the talk of 'quiet quitting' before they started this scheme, as depicted by the phillips curve, now its too many workers fighting for too few jobs as high interest rates slowed things down.
Try this voice AI demo on your phone, then imagine if it can create images and video.
This in my opinion changes every system of information gathering that we have, and will usher in an era of geniuses, who grew up with access to the answer to their every question in a granular pictorial video response. If you want to for example learn how white blood cells work it gives you ask your chatbot for a video, and you can then tell it to put in different types of bacteria to see the response. Its going to make a lot of systems we have now obsolete.
Well its going to get more expensive relative as well as oil prices fall globally due to recession. But then we will hit another energy shortage and it will become cheaper, which is why France started building nuclear in the 1970s to begin with.
It seems to me nuclear takes you off the ebb and flow of global energy prices, I'd prefer spending on nuclear rather than carbon capture which seems to be the existing plan of many countries to combat climate change.
You assume they actually want to fix it. Trudeau has said himself that housing needs to retain its value. Carney is a central banker, he has never cared about home prices either; low interest rates are created to juice money supply growth to the wealth effect and aggregate demand. Sean Fraser is back too.
I got banned for being "anti-immigration" during a housing crisis in my country. Its ridiculous to pretend additional demand doesnt raise prices, its become like a 1984 Newspeak and gaslighting.
Its a really weird place during elections, they've basically banned anyone with the opposing view on enough issues that its a full blown echo chamber. People then go crazy during elections trying to get their guy to win and the echo chamber grows exponentially.
Weird they dislike the ECB and the European Union, they give us bangers like bank bail-ins and CBDC, to deal with their strangulation of productivity investment and diminishing living standards.
To demonstrate my skepticism towards the Europeans’ ability to leave behind their zombie banking system, unmarketable
debt, and complete dependence on suppressing price discovery - consider the
following policy reactions orchestrated by the European Central Bank (ECB) since
the 2008-09 crisis:
• European Financial Stability Facility (EFSF)
• European Financial Stabilisation Mechanism (EFSM)
• European Stability Mechanism (ESM)
• Outright Monetary Transactions (OMT)
• Long Term Refinancing Operation (LTRO)
• Long Term Refinancing Operation II (LTRO)
• Long Term Refinancing Operation III (LTRO)
• Tripartite Committee consisting of ECB, IMF, EC agreement (TROIKA)
• Forced austerity and bailouts of Portugal, Ireland, Italy, Greece, Spain
Weird what happens when 40% of the currency was printed in the last few years.
Are we blaming the government who control interest rates, gamify the CPI to depress inflation, and who control the corresponding new money supply that drives up the price of basic goods?
If housing, gold, and crypto are any indication people have far too much money than they know what to do with. You'd have to be a fool to not accumulate some cantillon effect for yourself when you're government is throwing money away.
Well if hes following Project 2025, which it seems based on recent comments by Elon Musk, then hes expecting other countries to remove all tariffs first. As you say, chlorinated chicken, but if you dont then you dont get to sell your healthy chickens to America, and all that money you owe thats denominated in USD becomes very hard to acquire.
Maybe the better option is to allow it but to label it with its harmful chemicals, let the free market decide, in a kind of democratic process of people determining their own marginal utility versus budget constraints. You can still buy cigarettes in the UK and Europe as well, so whats a bit of American chicken versus a lifetime of smoking?