First, you are correct, and second, it seems that it was a "buddy " deal. I suspected some sort of deal to help out friends, you described it, thanks! And please note that I NEVER claimed that any degree of integrity was part of, or had any impact on, the tariff decisions. Also, I did not vote for the guy. His integrity seemed to be a bit lacking.
It is still not clear to me why we needed the tariffs. was this done in exchange for some sort of compensation? Or as favors to personal friends?
CLEARLY we need another ballot choice for our elections, that choice being "NONE of the above." Choosing the lesser of the evils is excessively painful in the longer term.
This would not be the first time that our leaders have made really dumb moves. But sometimes the impacts are far worse than other times. Unfortunately, this is looking like one of those "far worse: impact times. We may be doomed!
Unfortunately, perceived value is only a perception, subject to many varieties of manipulation and total fraud. Sort of like building a house on a pile of fog, not as solid, nor as stable, as shifting sand. That is my assertion. Currency based on actual physical wealth tends to be a lot more stable, although still subject to all sorts of problems.
The better path, for starters, would have been through much tighter regulation of the mortgage industry, including NOT rescuing the loan companies that made loans to those obviously unable to pay them back. Then, some sort of control on the bundling of mortgages and selling them as securities. Probably full disclosure for a start.
Of course, about the same time, gasoline prices shot out of sight due to speculators buying petroleum futures on credit. preventing speculation with borrowed money could have dampened that fire a bit.
Certainly the irresponsible issuing of loans that could not be repaid contributed to the ultimate collapse. And the bundling of bad loans, selling them as investments, added a lot of fuel.
While gold and silver have actual intrinsic value, just where does the claimed value of bitcoin come from? If hackers can "create" the value using stolen computer time, how is that producing anything that equates to actual wealth? In short, how can it actually be worth anything? It may be that other folks are beginning to see this reality, which would, hopefully, be the end of the bitcoin fad.
Valid currencies are tied to the value of real materials, such as gold. What actual "valuable asset" of any kind is the bitcoin tied to? If the creation of such is achieved by extensive computer exercises and not the existence of actual physical wealth, then it looks to me like the entire concept of bitcoin is fraudulent and worthless, at best.
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Deflationary Signs Emerge As Trump’s Trade War Heats Up
First, you are correct, and second, it seems that it was a "buddy " deal. I suspected some sort of deal to help out friends, you described it, thanks! And please note that I NEVER claimed that any degree of integrity was part of, or had any impact on, the tariff decisions. Also, I did not vote for the guy. His integrity seemed to be a bit lacking.
Deflationary Signs Emerge As Trump’s Trade War Heats Up
I did find this article educational and interesting.
Deflationary Signs Emerge As Trump’s Trade War Heats Up
It is still not clear to me why we needed the tariffs. was this done in exchange for some sort of compensation? Or as favors to personal friends?
CLEARLY we need another ballot choice for our elections, that choice being "NONE of the above." Choosing the lesser of the evils is excessively painful in the longer term.
Will Small Auto Part Stores Survive Amazon?
Interesting article indeed, but a bit un-nerving, since I am one of those DIY auto repair persons.
The Achilles Heel Of Trump's Tariffs
This would not be the first time that our leaders have made really dumb moves. But sometimes the impacts are far worse than other times. Unfortunately, this is looking like one of those "far worse: impact times. We may be doomed!
Bitcoin Tumbles After Major Crypto Exchanges Subpoenaed For Manipulation, Coinrail Hacked
Unfortunately, perceived value is only a perception, subject to many varieties of manipulation and total fraud. Sort of like building a house on a pile of fog, not as solid, nor as stable, as shifting sand. That is my assertion. Currency based on actual physical wealth tends to be a lot more stable, although still subject to all sorts of problems.
Yes There WAS A Housing Bubble
The better path, for starters, would have been through much tighter regulation of the mortgage industry, including NOT rescuing the loan companies that made loans to those obviously unable to pay them back. Then, some sort of control on the bundling of mortgages and selling them as securities. Probably full disclosure for a start.
Of course, about the same time, gasoline prices shot out of sight due to speculators buying petroleum futures on credit. preventing speculation with borrowed money could have dampened that fire a bit.
Yes There WAS A Housing Bubble
Certainly the irresponsible issuing of loans that could not be repaid contributed to the ultimate collapse. And the bundling of bad loans, selling them as investments, added a lot of fuel.
If Bitcoin’s Rise Was Bad For Gold, Will Its Fall Be Good?
While gold and silver have actual intrinsic value, just where does the claimed value of bitcoin come from? If hackers can "create" the value using stolen computer time, how is that producing anything that equates to actual wealth? In short, how can it actually be worth anything? It may be that other folks are beginning to see this reality, which would, hopefully, be the end of the bitcoin fad.
Bitcoin Tumbles After Major Crypto Exchanges Subpoenaed For Manipulation, Coinrail Hacked
Valid currencies are tied to the value of real materials, such as gold. What actual "valuable asset" of any kind is the bitcoin tied to? If the creation of such is achieved by extensive computer exercises and not the existence of actual physical wealth, then it looks to me like the entire concept of bitcoin is fraudulent and worthless, at best.